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: Experiment
Explanation:
According to the given question, the experiment is the term that is used to refers to the process that is used for testing the given hypothesis about the specific phenomenon.
- It is the experimental process that is used for validating the hypothesis with carefully regulating the each condition procedure in one and more than one factors and
- It is also helps in demonstrating the final result or outcome of the given experiment.
Therefore, Experiment is the correct answer.
