What Is Thorndike's Law of Effect and Explain Its Significance

question 7

Essay

What is Thorndike's Law of Effect and explain its significance with reference to the reinforcement theory.
E. L. Thorndike's Law of Effect states that a response followed by a reward is more likely to recur in the future. The implication for compensation management is that high employee performance followed by a monetary reward will make future high performance more likely. By the same token, high performance not followed by a reward will make it less likely in the future. The theory emphasizes the importance of a person's actual experience of a reward.

Grasp the significance of dressing appropriately and utilizing gestures to enhance video and in-person presentations.

Recognize the impact of dialect and articulation on audience perception and communication effectiveness.

Understand the concept of social perception and attributional biases such as actor/observer bias and fundamental attribution error.

Recognize the communication of emotions and information through nonverbal cues like facial expressions and the implications of thin-slice judgments.

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Definitions:

Open Policy

An insurance policy that provides coverage for all shipments or transfers under certain conditions over a specific period of time without the need for individual certificates.

Fair Market Value

The price that a property would sell for on the open market, where both buyer and seller have reasonable knowledge of all pertinent facts.

Increase Of Hazards Clause

A provision in insurance policies that allows the insurer to deny coverage if the insured significantly increases the risk or hazard insured against.

Highly Explosive Material

Substances that have a rapid and violent chemical reaction causing an explosion.