Answer:
Willie allocates $350 every two weeks as a store of value in his savings account.
Explanation:
Answer:self-actualization
Explanation: According to psychology, self-actualization occurs when we pursue to fulfill certain needs in our lives and that has been covered then we somehow pursued our dreams and goals and have managed to reach our full potential that when self-actualization has occured. We have managed to have a successful career , played our role on the community or fulfilled certain aspired dreams.
Maslow's Hierarchy of Needs
Based on this Hierarchy there are basic needs(shelter,food,water etc)at the bottom that needs to be met first and the complex ones at the top of this pyramid.
At the most top of this pyramid is where we find self-actualization which means it occurs after basic needs at the base have been met, which gives us time to focus on realising our dreams and goals.
Answer:
Following are the description to this question:
Explanation:
In the give question, some information is missing so, the missing information and its solution can be defined as follows:
Following are the Missing information:
"Expected value theory predicts that most people:"
"Prospect theory predicts that people:"
Solution:
Accepting the gamble:
The complete actual cost to this game is (0.5 \times $11) + (0.5 \times -$9) = + $1, as per value function concept. If the majority of the population firstly function completely in a rational way, many other people need to accept the gamble.
Rejecting the gamble:
Analysis has also shown that risks of losing are 1.5 to 2 times very negative with most people than that of the odds of even an equal benefit were positive. Thus, its theory for prospective potential predicts that almost all people would quantify and not embrace the net psychological effect of its game.
Answer: Satisficing, or choosing the first solution that works, not the best solution
Explanation:
In the decision-making process, Tokoni will most likely face the problem of finding the right solution that will work.
Since there are many solutions, the person will face them and have to try some solutions to see if it is working so every time that some solution shoves bad, this person will face the difficulty as the problem.
Tokoni will find over time the appropriate solution for the successful realization.