An Action That Influences the Environment and Is Maintained by Its

question 12

Multiple Choice

An action that influences the environment and is maintained by its consequences is called a(n)

• A) unconditioned response.
• B) operant behavior.
• C) conditioned response.
• D) respondent behavior.

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Definitions:

Utility Function

A mathematical representation in economics that defines the level of satisfaction or utility an individual receives from different bundles of goods and services.

Expected Return

The average of the probability distribution of possible returns for an investment, symbolizing its anticipated profitability.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Mean-Variance Criterion

An investment principle where portfolios are selected based on their expected returns (mean) and the variability of those returns (variance), aiming to optimize the trade-off between risk and return.