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Based on the Classification System of Voluntary and Involuntary Career

question 31

Multiple Choice

Based on the classification system of voluntary and involuntary career changers,which of the following is NOT a reason for a voluntary career change?

Distinguish between experimental and control groups.
Recognize the meaning and impact of extraneous variables on research outcomes.
Understand the importance of random assignment in experimental research.
Comprehend the advantages and limitations of the experimental research method.

Definitions:

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

Framing Effects

In prospect theory, changes in people’s decision making caused by new information that alters the context, or “frame of reference,” that they use to judge whether options are viewed as gains or losses relative to the status quo.

Mental Accounting

The tendency people have to create separate “mental boxes” (or “accounts”) in which they deal with particular financial transactions in isolation rather than dealing with them as part of an overall decision-making process that would consider how to best allocate their limited budgets across all possible options by using the utility-maximizing rule.

Overpriced Warranties

Service contracts sold at a price significantly higher than the expected cost of repairs, often criticized for their value relative to the benefits provided.

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