Differentiate the following terms/concepts: a. Primacy and recency effects b. Salience and availability c. Fast-and-frugal heuristics and
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a. Primacy and recency effects
b. Salience and availability
c. Fast-and-frugal heuristics and bias-generating heuristics
d. Autonomic and cognitive heuristics
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a A primacy effect is the tendency to rely on information that comes first when making an ...View the full answer
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Related Book For
Behavioral Finance Psychology Decision-Making and Markets
ISBN: 978-0324661170
1st edition
Authors: Lucy Ackert
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