What Are the Six Factors That Influence or Predict Conformity

question 126

Essay

What are the six factors that influence or predict conformity? Identify each and discuss the main conclusions with respect to each factor.

Recognize the importance of stress management and social support in substance abuse treatment.

Grasp the concept of motivational interviewing and its effectiveness in encouraging behavior change.

Understand different behavioral finance concepts including biases and heuristics.

Describe the impact of cognitive and emotional biases on investment decision-making.

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Definitions:

Gratuitous Basis

A voluntary action carried out without the expectation of payment or compensation.

Unconscionable

A term applied to a contract in which one party has so much more bargaining power than the other party that the powerful party dictates the terms of the agreement and eliminates the other party’s free will.

Constructive Trust

An equitable trust imposed on a person who wrongfully obtains or holds legal right to property he or she should not possess.

Equitable Trust

A fiduciary relationship wherein one party, known as the trustee, holds assets for the benefit of another party, the beneficiary, according to equitable principles of fairness.