Is the Following an Arbitrage Opportunity? a Gift That Makes

question 15

Essay

Is the following an arbitrage opportunity? A gift that makes me feel good just by having it.

---

Definitions:

Extinction

In behavioral psychology, the process where a conditioned response decreases in frequency and eventually disappears when the stimulus is no longer presented.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned, often becoming apparent under different conditions.

Tolman's Time

Refers to the theories and research of Edward C. Tolman, particularly his concepts of cognitive maps and latent learning in psychology.

Backward Conditioning

A conditioning process where a conditioned stimulus (CS) is presented after an unconditioned stimulus (US), which is less common and tends to be less effective than other conditioning methods.