Examlex
Let's say that you are testing an individual's ability to discriminate tones. When the test stimulus is set at 200 Hz, the person reports a JND at 210 Hz. If I change the test frequency, the value of a JND becomes 50 Hz. What is the new test frequency?
Neoclassical Economists
Economists who emphasize the importance of supply and demand as forces that regulate price levels and allocate resources in an efficient manner.
Computational Skills
The ability to use mathematical techniques and algorithms to solve problems and perform calculations.
Fairness
A person’s opinion as to whether a price, wage, or allocation is considered morally or ethically acceptable.
Systematic Errors
Suboptimal choices that (1) are not rational because they do not maximize a person’s chances of achieving his or her goals and (2) occur routinely, repeatedly, and predictably.
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