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What Is the "Behavioral Consistency" Approach to Training and Experience

question 52

Essay

What is the "behavioral consistency" approach to training and experience evaluation? What does "behavioral consistency" mean in the context? Why is the method more valid for selection decision making than other methods that have been examined?


Definitions:

Bond Discount Account

An accounting term representing the difference between the face value of a bond and its selling price when sold at less than its face value.

Serial Bonds

Bonds that mature at different intervals over a period of time, allowing the issuer to retire a portion of the bond issue at regular intervals.

Present Value

The immediate value of a future stream of income or lump sums of money, assessed with a specific interest rate in mind.

Nominal Rate

The interest rate stated on a financial instrument, without adjustment for the full effect of compounding or inflation.

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