A Participant in a Psychophysics Experiment Indicates That She Did

question 167

Short Answer

A participant in a psychophysics experiment indicates that she did not see rightward motion in a patch of dots on the computer screen, even though some of the dots moved slightly to the right. In signal detection terms, the participant's response is called a(n) __________.

---

Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing additional gain over and above normative expectations.

ATC

Average Total Cost, which is calculated by dividing the total cost by the quantity of output produced.

Economic Profit

The surplus or profit remaining after deducting both explicit and implicit costs, including opportunity costs, from total revenues.

Interest Rate

The percentage charged on a loan or paid on deposits over a specific period of time, often annually.