Time Value Concepts Can Be Applied to Lottery Winnings

question 24

True/False

Time value concepts can be applied to lottery winnings. The winner can usually choose an annuity or a lump sum.

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Definitions:

Reinforcement Deprivation

A condition where the absence of reinforcing stimuli leads to a decrease in the occurrence of a particular behavior.

Reinforcer

Any stimulus that strengthens or increases the probability of a specific response or behavior by providing a consequence an individual finds rewarding.

Desired Behavior

This refers to the specific actions or reactions that an individual or organization aims to elicit from another party.

Primary Reinforcers

Innate reinforcing qualities such as food, drink, and pleasure, which do not require learning to become effective in shaping behavior.