Examlex
Which of the following facts is not a basis for prospect theory in behavioral economics?
Presence Of Other People
The perceptual or actual involvement of additional individuals in a situation, which can influence an individual's behavior or cognitive processes.
Performance
The act of carrying out or accomplishing an action, task, or function.
Social Loafing
A phenomenon wherein individuals exert less effort to achieve a goal when they work in a group than when they work alone.
Challenge Response
A reaction mechanism to a challenge in which an entity (person, group, or organization) mobilizes resources and adapts to overcome the obstacle.
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