Prospect Theory Explains ______

question 54

Multiple Choice

Prospect theory explains ______.

• A) why individuals always make rational decisions
• B) why individuals sometimes make irrational decisions
• C) people put more emphasis on losses than gains
• D) the rational decision-making model

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Definitions:

Team Size

Refers to the number of members involved in a team, affecting its dynamics, communication, and performance.

Group Process

The sequence of interactions and dynamics that occur within a team or collective as they work towards a common objective.

Member Satisfaction

The degree to which members of a group or organization are content with the experiences and outcomes of their participation.

Heterogeneous Team

consists of members with diverse backgrounds, skills, and perspectives, which can enhance creativity, problem-solving, and innovation within the group.