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The timing strategy becomes more attractive as interest rates (i.e., rates of return) increase.
Law of Effect
A principle suggesting that responses that produce a satisfying effect in a particular situation become more likely to occur again in that situation, while responses that produce a discomforting effect become less likely.
Titchener
Edward Bradford Titchener, an early 20th-century psychologist, known for developing the theory of structuralism, which focused on understanding the structure of the mind through introspection.
Skinner
Renowned psychologist B.F. Skinner, known for his work in behaviorism and development of the theory of operant conditioning.
Puzzle Box
A problem-solving experiment apparatus used in psychological and animal behavior studies, where a subject must figure out how to open it to receive a reward.
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