Examlex
What is occurring when prices on average are rising?
Difference Threshold
The minimum difference in stimulation that a person can detect 50 percent of the time, also known as the just-noticeable difference (JND).
Absolute Threshold
The minimum intensity at which a stimulus can be detected by an individual 50% of the time.
Weber's Law
A principle stating that the just-noticeable difference between two stimuli is proportional to the magnitude of the stimuli.
Absolute Threshold
The minimum intensity of stimulation that must occur before you experience a sensation.
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