Bob Is Making a Decision to Buy a New Printer

question 131

True/False

Bob is making a decision to buy a new printer.He is reflecting on his previous purchase of office equipment and based on the savings they made he believes that decision was sound.This is an example of hindsight bias.

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Definitions:

Reinforcing Value

The increase in likelihood of a behavior reoccurring, due to the positive outcomes or rewards associated with it.

Negative Reinforcement

A behavior modification technique that increases the likelihood of a behavior by removing or avoiding a negative outcome or stimulus.

Undesirable Consequence

Negative outcomes or punishments associated with a specific action or behavior, which function to decrease the likelihood of the behavior reoccurring.

Behaviour

The actions or reactions of a person or object in response to external or internal stimuli.