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Present bias is the tendency to settle for a smaller present reward rather than wait for a larger future reward, in a trade-off situation. [ 1 ] [ 2 ] It describes the trend of overvaluing immediate rewards, while putting less worth in long-term consequences. [ 3 ]
In diffusion of innovation theory, a pro-innovation bias is a belief that innovation should be adopted by the whole society without the need for its alteration. [ 1 ] [ 2 ] The innovation's "champion" has a such strong bias in favor of the innovation, that they may not see its limitations or weaknesses and continue to promote it nonetheless.
Jurisprudence, also known as theory of law or philosophy of law, is the examination in a general perspective of what law is and what it ought to be.It investigates issues such as the definition of law; legal validity; legal norms and values; as well as the relationship between law and other fields of study, including economics, ethics, history, sociology, and political philosophy.
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory.
Nannie Doss confessed to killing four of her husbands, her mother, sister, two of her children, two of her grandsons, and a mother-in-law over a 27-year killing spree
Olympic gold-medallist Dame Laura Kenny is Britain's most successful female athlete. She has two young boys but also had a miscarriage and an ectopic pregnancy, and has always wondered if the ...
The NHTSA's Office of Defects Investigation said it had received one complaint alleging a crash when the feature was being used and had reviewed at least three media reports of similar crashes ...
Born in Lübeck, Radbruch studied law in Munich, Leipzig and Berlin.He passed his first bar exam ("Staatsexamen") in Berlin in 1901, and the following year he received his doctorate with a dissertation on "The Theory of Adequate Causation".