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Agency costs: Given the payoffs of the project, what does the percent chance of success need to be in order for the expected value of equity with the project to be equal to the expected value of equity without the project?
Consciousness
The awareness of internal and external stimuli, including feelings, thoughts, and the environment.
Fluctuates
To change or vary irregularly in level, strength, or value.
William James
A pioneering American psychologist and philosopher best known for his theories of pragmatism and the James-Lange theory of emotion.
Alpha Waves
Brainwave patterns associated with a state of wakeful relaxation, typically observed when a person is calm and alert but not actively processing information.
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