Psychology of Economic Decision-Making
Informed consent is a process by which individuals voluntarily agree to participate in research or treatment after being fully informed of the potential risks, benefits, and alternatives involved. This concept emphasizes the importance of autonomy and transparency in decision-making, ensuring that participants understand what they are consenting to and can make an educated choice. Informed consent is critical in various fields, as it helps protect individuals' rights while fostering ethical standards in research and practice.
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