Examlex
What is the question posed in step 3 of the negligent action process? Identify and briefly describe how that question is sometimes dealt with by the legal community.Include a brief indication of how and what the courts have adapted to more easily discern the needed information at this stage of the process.
Loss Averse
The psychological phenomenon where losses are perceived to be more significant than equivalent gains.
Mental Accounting
The process by which individuals categorize their money into different accounts based on subjective criteria.
Classical Conditioning
A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.
Functional Risk
The potential for a product or service to fail to perform its intended function, causing inconvenience or loss to the user.
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