"An Agglomeration of Men Presents New Characteristics Very Different from Those

question 77

Multiple Choice

"An agglomeration of men presents new characteristics very different from those of the individuals composing it. The sentiments and ideas of all the persons in the gathering take one and the same direction, and their conscious personality vanishes. A collective mind is formed, doubtless transitory, but presenting very clearly defined characteristics. The gathering has thus become what, in the absence of a better expression, I will call an organized crowd. . . . It forms a single being . . ." Which theory describes this quote?

• A) public goods dilemma
• B) tragedy of the commons
• C) mass society theory
• D) contagion theory
• E) emergent norm theory

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Definitions:

Recourse Obligation

A liability that allows lenders to claim assets of the borrower or guarantor, beyond the collateral securing the loan, in case of default.

Fair Value Adjustment

An accounting process to adjust the book value of an asset or liability to its market value or fair value.

Fair Values

The estimated market value of an asset or liability, reflecting the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Collateralized Loan

A loan that is secured by collateral, assets that the lender can seize if the borrower fails to repay the loan.