The Theory by Which People Optimally Use All Available Information

question 83

Multiple Choice

The theory by which people optimally use all available information when forecasting the future is known as

• A)rational expectations.
• B)perfect expectations.
• C)credible expectations.
• D)predictive expectations.

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Definitions:

Secondary Reinforcer

A stimulus that has acquired reinforcing properties through association with other reinforcers.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Conditioned Stimulus

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response in classical conditioning.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.