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Conflict avoidance refers to a set of behaviors aimed at preventing or minimizing disagreement with another person. These behaviors can occur before the conflict emerges (e.g., avoiding certain topics, changing the subject) or after the conflict has been expressed (e.g., withholding disagreement, withdrawing from the conversation, giving in).
Certainty condition: The median price paid to avoid an electric shock was $19.86. Most participants (24/30) preferred receiving the shock over paying more than $20. Low-probability condition: The median price paid to avoid a 1% chance of a shock was $7, substantially greater than the median price paid to avoid a 1% chance of a $20 penalty.
Thus economists avoid using utility functions such as the quadratic, which exhibit increasing absolute risk aversion, because they have an unrealistic behavioral implication. Similarly, if the person experiences an increase in wealth, he/she will choose to increase (or keep unchanged, or decrease) the fraction of the portfolio held in the risky ...
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Increased hot stove effect for losses – The hot stove effect is the finding that individuals avoid a risky alternative when the available information is limited to the obtained payoffs. A relevant example (proposed by Mark Twain ) is of a cat which jumped of a hot stove and will never do it again, even when the stove is cold and potentially ...
Congress has until October 1 to pass a funding bill to avoid a government shutdown. The last government shutdown lasted 35 days in late 2018 and early 2019, during the Trump administration.
Avoidant personality disorder (AvPD), or anxious personality disorder, is a cluster C personality disorder characterized by excessive social anxiety and inhibition, fear of intimacy (despite an intense desire for it), severe feelings of inadequacy and inferiority, and an overreliance on avoidance of feared stimuli (e.g., self-imposed social isolation) as a maladaptive coping method. [1]
With the host Philadelphia Eagles resting key players on Sunday, the New York Giants will attempt to avoid finishing with the most losses in the franchise's 100-year history. The Giants (3-13 ...