In Which of the Following Methods of Alternative Dispute Resolution

question 26

Multiple Choice

In which of the following methods of alternative dispute resolution must parties to a case employ a neutral third party to settle their dispute?

• A) mediation
• B) mini-trial
• C) e-court
• D) judicial-referee

Examine the various systematic mistakes commonly made in personal and economic decisions.

Understand the role and impact of inertia in personal financial decisions.

Explore the implications of fairness and self-interest in economic transactions.

Evaluate the importance of self-confidence and its effects on decision making.

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Definitions:

Correlational Observation

A research approach that involves observing and measuring the relationship between two or more variables without manipulating them.

Third Variable Assumption

The idea in research that a correlation between two variables might be explained by a third factor that affects both of the original variables.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formulation, experimentation, and conclusion.

Psychological Trait

A characteristic way of thinking, feeling, or behaving that is consistent over time and situations and distinguishes one individual from another.