The Discipline of Psychology There are three important concepts to remember when defining psychology: science, behavior and mental processes. When defining psychology for a friend I would first simply just give him/her the standard book definition, which is the scientific study of behavior and mental processes. But, psychology can be defined in many different ways. Another definition of psychology could be the scientific study of the human mind and its functions such as those affecting behavior
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When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
To know more about the characteristics of an annual percentage rate, here
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Answer:
Empathy altruism
Explanation:
Empathy altruism is a social exchange theory. In this theory, people help those people who experience the same situation as the person who supports the person have experienced the same feelings. When a person feels to help another person then the person supports that person. They help that person without any demand. And in another way, we can say that people help another person because they pleasure or happiness in helping others. When the people do not feel empathy then it transfers to the social exchange theory.
