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It Was Significant to the Development of Behaviorism by Later

question 35

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It was significant to the development of behaviorism by later functionalists that James rejected introspection as a method.


Definitions:

Endowment Effect

A psychological and behavioral economics phenomenon where individuals value an owned object higher than a similar object they do not own.

Item Value

The worth or usefulness of a specific good or service, often determined by factors like utility, demand, and rarity.

Ownership

The legal right or status of having control over something, typically property or goods.

Traditional Economic Theory

A framework that explains economic decisions and behaviors based on the assumption that agents are rational and seek to maximize utility or profit.

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