You Have Just Won the Lottery and Have Three Payout

question 138

Essay

You have just won the lottery and have three payout options:
1.$1,000,000 now
2.$150,000 at the end of each year for the next ten years
3.$2,000,000 at the end of ten years.
What is a common basis for comparison that you can use to decide which option to choose? Explain your answer.

Understand the concept and characteristics of subliminal perception.

Grasp the difference between absolute threshold and difference threshold (just noticeable difference).

Distinguish between the processes of sensation and perception.

Recognize the role of sensory adaptation in perceiving constant stimuli.

---

Definitions:

Reinforcement

A strategy to cultivate desirable behavior by either bestowing positive consequences or withholding negative consequences.

Mentoring

A work relationship that encourages development and career enhancement for people moving through the career cycle.

Positive Reinforcement

A behavioral strategy that involves rewarding a behavior to increase the likelihood of that behavior being repeated.

Observational Learning

The process of acquiring new behaviors or knowledge by watching and imitating others.