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Explain Why Equivalences Are Just Convenient Assumptions

question 56

Essay

Explain why equivalences are just convenient assumptions. Give examples of two real world financial situations in which these equivalences do not hold


Definitions:

Multiple Baseline Design

An experimental design in which the effect of the intervention is demonstrated by showing that behaviors change only after the intervention is introduced, and this change is replicated across different contexts, times, or subjects.

Treatment

A condition or intervention applied to subjects in an experiment to investigate its effects.

Behavior Change

The modification of human behaviors, which can be influenced by various psychological and environmental factors.

Reward

Benefits, either tangible or intangible, given to reinforce positive behavior or to achieve a desired outcome.

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