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You Frequently Visit a Particular Website Because It Offers Free

question 661

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You frequently visit a particular website because it offers free streaming videos. Your psychology professor explains that you are not only rewarded by the pleasure of watching interesting videos each time you go to the site, but you also expect to find free videos at the site. This explanation best fits which psychological viewpoint?


Definitions:

Nominal Rate

Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.

Opportunity Cost

Missing out on possible advantages from other choices when a specific choice is made.

Benefit

is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.

Present Value

The existing worth of a forthcoming monetary sum or cash flows, assessed with an agreed-upon rate of return.

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