From an Economic Point of View, Should Professional Tennis Tournaments

question 12

Essay

From an economic point of view, should professional tennis tournaments pay the men's and
women's bracket an equal amount of prize money? Why or why not? How might one determine
the economically "fair" amount to pay each bracket? Why might the "fair" value be difficult to determine?

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Definitions:

Extinction

In psychology, the gradual weakening of a conditioned response when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

CS

In the context of classical conditioning, CS stands for Conditioned Stimulus, which is a neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, begins to evoke a conditioned response.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Classical Conditioning

A teaching method that employs the repetitive pairing of two stimuli; over time, the response initially caused by the second stimulus becomes caused by the first stimulus alone.