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".
Some are rumours or false stories
The book written by Herodotus provided valuable insight into
ancient Egypt prior to the 19th.
Answer:
e. an inducement to take a particular action
Explanation:
- An incentive is a type of a reward that encourages fir the attainment of some sort of action and acts as a motivator towards that reward or action. And is a behavioral construct that droves the peon to the full fulfillment of the goal.
The law of demand is one of the most fundamental concepts in economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions. ... In other words, the higher the price, the lower the quantity demanded.
