Position Traders Are Futures Traders Who Take Very Large Positions

question 18

True/False

Position traders are futures traders who take very large positions.

Identify the characteristics and applications of rules and standard operating procedures in decision making.

Comprehend the influence of organizational hierarchy on the nature of problems encountered.

Recognize the implications of cognitive biases in decision-making processes.

Understand the concept and examples of non-programmed decision making.

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Definitions:

B.F. Skinner

An influential psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Conditioned Stimulus

An initially neutral signal that, once linked with an unconditioned stimulus, triggers a conditioned reaction.

Drug Cravings

Intense desires or urges for the consumption of a specific drug, often experienced by individuals with substance use disorders.

Law Of Effect

A psychological principle stating that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.