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Depositors have a strong incentive to show up first to withdraw their funds during a bank crisis because banks operate on a
Proportional Differences
Variations that are relative to the size or significance of the items being compared.
Proportional Differences
Refers to the comparison of ratios or fractions, highlighting the relative difference in size or magnitude between two or more quantities.
E. H. Weber
A pioneering psychologist and physician known for his work in the somatosensory system and Weber's Law, which relates to the perceived change in a stimulus to its initial intensity.
Absolute Differences
The minimum amount by which two sensory stimuli can differ for an individual to perceive them as different.
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