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Explain the endowment effect.
Reinforcement
In psychology and management, a strategy of encouraging a desired behavior by presenting a positive stimulus following that behavior.
Desired Behaviour
The specific actions or reactions that an individual or organization aims to elicit from others, often through guidance, incentive, or training.
Positive Reinforcement
The process of encouraging or increasing a behavior by presenting a favorable outcome or reward upon the occurrence of the behavior.
Inventory Of Rewards
A catalog or list of rewards and incentives available within an organization, intended to motivate and acknowledge employee contributions.
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