When Good Things Happen to Someone, the Probability of Repeating

question 188

Multiple Choice

When good things happen to someone, the probability of repeating the behavior that occurred before the good things increases. This best illustrates ________.

• A) Heisenberg's uncertainty principle
• B) the Law of Effect
• C) generalization
• D) the law of desirable consequences

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Definitions:

Reducing Risk

Strategies and actions taken to minimize potential losses or the likelihood of undesirable outcomes in investment, operational, and financial activities.

Demand Curve

A visual chart that illustrates the connection between a product's price and the amount of it consumers want to buy.

Stock Market

A marketplace where securities such as stocks and bonds are bought and sold.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price.