What Are Stimulus Generalization and Stimulus Discrimination? Why Are They

question 165

Essay

What are stimulus generalization and stimulus discrimination? Why are they important?

Comprehend the steps involved in the process of asset allocation.

Recognize the impact of risk tolerance on investment decisions.

Grasp the concept of investment horizon and its importance in the investment process.

Understand the phases of the CFA Institute's investment management process.

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Definitions:

UCR

Unconditioned Response, a naturally occurring reaction to an unconditioned stimulus.

Stimulus Generalization

A psychological phenomenon where a conditioned response starts occurring in response to stimuli that are similar but not identical to the original conditioned stimulus.

Conditioned Response

A reflexive reaction developed through training in response to a stimulus that is normally neutral.

Learned Response

A behavioral outcome that occurs as a result of experience or conditioning.