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Describe How You Would Use the Principles of Classical Conditioning

question 42

Essay

Describe how you would use the principles of classical conditioning to condition a child who is afraid of cats to be comfortable with a neighbour's cat. Describe a procedure similar to the one used by Mary Cover Jones.


Definitions:

Market Interest Rates

The prevailing rates at which borrowers can obtain loans and lenders can deposit funds in the financial markets, influenced by supply and demand, inflation, and monetary policy.

Bond's Price

The current market value of a bond, which can fluctuate based on interest rate movements and the bond's credit quality.

Present Value

The immediate financial value of a future cash sum or succession of cash inflows, evaluated with a specified return rate.

Expected Cash Flows

Forecasted cash inflows and outflows for a business or project, often used in financial modeling to evaluate investment viability.

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