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Social Psychology Theory – Self-Serving Bias: The self-serving bias leads people to claim credit for success but deny blame for failure.
Behavioral Ethics Concept – Loss Aversion: We hate losses about twice as much as we enjoy gains, meaning we are more likely to act unethically to avoid a loss than to secure a gain. This phenomenon is known as loss aversion.
Critical Thinking Concept – Clarity: Thoughts have clarity when they can be easily explained and understood.
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