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Paul Meehl has suggested that when clinicians mistakenly pay attention to vague, superficial, or stereotyped statements by clients, and fail to pay to attention to subtler but more important evidence, they are victims of the cognitive error he has labeled the
IRR Rule
A decision-making tool used in finance to evaluate investments, stating that a project is acceptable if its internal rate of return exceeds a predetermined threshold.
Internal Rate
NO. However, closely related term Internal Rate of Return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments.
Present Value
The value today of a sum promised at a specified time in the future given a rate of interest. The amount that would have to be deposited today at the specified interest rate to grow into the promised sum on the specified date.
Cash Inflows
Money or funds coming into a business from various sources, including sales, investments, financing, and operational activities.
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