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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.
Brand New
Something that is entirely new and has never been used before.
Subjective Well-Being
An individual's personal assessment of their happiness and life satisfaction.
Aerobic Exercise
Physical activity that improves cardiovascular fitness by raising the heart rate and increasing the body’s use of oxygen.
Overestimate
To assess a quantity or value too high in relation to its actual value.
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