Prospect theory Study guides, Revision notes & Summaries

System I Thinking is fast, emotional, and heuristic-based System II thinking is slow, rational, deliberate, and logical Prospect Theory/Loss Aversion avoiding losses is more important than achieving comparable gains, tend to choose the option that help to avoid losses or risks Confirmation Bias A tendency of decision-makers to disproportionately incorporate information based on their initial preferences and predispositions. In other words, they tend to only internalize t...

CFRE Misc10 Step Fundraising Plan-per Murry - correct answer Identification---------------> Screening ------------> Information | Gift Response ------------------------------------------> Interest | | Prospect Response Appreciation | | Solicitation <--------------- Rating <------------------- Involvement 1. _______________________ 6. Involvement 2. Screening 7._________________ 3. _______________________ 8. Solicitation 4. Interest 9. _________________ 5. _______...

Why do political protests occur? 1.) Preferences are not reflected to policy outcomes. 2.) Preferences are conflicted among social groups. 3.) The access to political institutions is limited. Why do people join groups? Higher commitment to a public good - valued outcome: public benefits that are expected. (Greater Prospect of Success - Political Efficacy) + (Personal Benefits + Appraisal by Group Fan) - (Cost) = Participation (Economic or religious protest movement) ...

BUS 120 Exam 2 Review (RATED A) Which of the following would be considered employee involvement? a. A legally mandated union-management health and safety committee. b. A supervisor casually ask ing an employee whether the company should adopt a new type of work schedule. c. A computer program that allows employees to submit information and ideas. d. An arrangement whereby employees elect two colleagues to the company's Board of Directors. e. All of these statements are considered employee invol...

Negligence law defines proximate causation as: Client injury caused by the certified exercise physiologists failure to act according to stabdards of care Building rapport with a client means: Developing a relationship of mutual trust and confidence. What is an appropriate question in assessing needs during staffing and recruiting? What staff to member ratio will provide sufficient customer service? One characteristic that all successful salespeople share is they have an ...

Court Reporting Written State Exam Questions and Answers Latest Updated 2024/2025 (100% Correct) Stipulation - An agreement between two opposing counsel. Subordination - The procuring of another person to commit perjury. What do you do when a party to a lawsuit andhis attorney request a copy of a transcript? - You send a copy and an invoice. Pro se - Someone who represents himself in a court action. What's the time regarding a court reporter's deadlinefor filing the transcript in a civil ...

English-TOEFL-Prep Latest Update 2023 reprimand - ANS-v. to tell sb officially that you do not approve of them or their actions. e.g. If they ate too slowly, or not enough, they were reprimanded. The elderly women, and people with dental problems, struggled, but neither age nor ailments spared them insults. synonym. n rebuke, admonishment, warning, dressing down, scolding v. scold curriculum - ANS-n. the subject that are included in a course of study or taught in a school, college, ...

ARCH 212 TAMU EXAM 1 WITH COMPLETE SOLUTIONS 100% VERIFIED what design elements encourage the use and facilitate the success of urban spaces? - answerrange of seating options, shade and sunlight, street access... etc egocentrism - answerhumans > nature anthropocentrism - answernature meets humans needs ecocentrism - answervalue nature for itself, not how it completes the needs of humans 2 theories of the restorative effects of nature - answerstress reduction theory attention restorat...

CPCM Course 5 Pricing Strategies and Analysis Techniques Cost Based Pricing (or Cost-plus) -Answer-A pricing method in which the selling price is determined by evaluating all of the costs a company incurs and adding a markup. Value-Based Pricing -Answer-The method of setting a price by which a company calculates and tries to earn the differentiated worth of its product for particular customer segment when compared to its competitor. Competitive Pricing -Answer-A pricing method that utilize...

NYREI PRACTICE EXAM QUESTIONS WITH ANSWERS LATEST UPDATE 2024/2025 (100% CORRECT ANSWERS) GRADED A+. Which method of property description is most frequently used in New York State? - ANSWER Metes and bounds One important characteristic of investing caused Bill to invest in certificates of deposit rather than real estate. Bill was concerned with - ANSWER liquidity. Who sets the legal description? - ANSWER surveyor Dwelling policies generally exclude - ANSWER water damage. John is gathering ...