Answer:
Prospect theory
Explanation:
Prospect theory: In psychology, the term "prospect theory" is determined as one of the behavioral models that significantly displays the process through an individual decides or analyze between different alternatives that evolve high uncertainty and risk, for example, the loss of gain percent in anything.
The prospect theory explains that different individuals believe by analyzing the "expected utility" as compared to any "reference point" instead of any "absolute outcome".
In the question above, the given statement signifies the "prospect theory".
Answer:
<u>people who had already placed their bets,</u>
<u>they couldn't change their minds.</u>
Explanation:
In any competition, we are supposed to perform our best, and in competitions which involve personal judgements person participating in such competitions shall be sure of what they are putting in, what is their judgement.
Once the decision is taken by them, they shall stick to it and support and promote their decision. Same applies for the game of betting in race horses, as the ones who has already made the decision shall be sure about it.
And the ones who are still thinking about the correct horse invest in shall be confused and not confident on their choice.
Answer:
dumping wastes everywhere
using chemical fertilizer
polluting the rivers
shifting cultivation
cutting down of trees
Answer:
Those who supported the Constitution and a stronger national republic were known as Federalists. Those who opposed the ratification of the Constitution in favor of small localized government were known as Anti-Federalists.
Explanation:
