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The theory states an individual's motivation for a task can be derived with the following formula (in its simplest form): = where , the desire for a particular outcome, or self-efficacy is the probability of success, is the reward associated with the outcome, is the individual’s sensitivity to delay and is the time to complete that task.
Psychological statistics is application of formulas, theorems, numbers and laws to psychology. Statistical methods for psychology include development and application statistical theory and methods for modeling psychological data. These methods include psychometrics, factor analysis, experimental designs, and Bayesian statistics. The article ...
It is a way of showing unorganized data notably to show results of an election, income of people for a certain region, sales of a product within a certain period, student loan amounts of graduates, etc. Some of the graphs that can be used with frequency distributions are histograms, line charts, bar charts and pie charts. Frequency ...
Total Liabilities / Equity; In a basic sense, Total Debt / Equity is a measure of all of a company's future obligations on the balance sheet relative to equity. However, the ratio can be more discerning as to what is actually a borrowing, as opposed to other types of obligations that might exist on the balance sheet under the liabilities section.
This figure is an example of a repeated measures design that could be analyzed using a rANOVA (repeated measures ANOVA). The independent variable is the time (Levels: Time 1, Time 2, Time 3, Time 4) that someone took the measure, and the dependent variable is the happiness measure score.
Hyperbolic discounting is mathematically described as = + where g(D) is the discount factor that multiplies the value of the reward, D is the delay in the reward, and k is a parameter governing the degree of discounting (for example, the interest rate).
For example: 24 x 11 = 264 because 2 + 4 = 6 and the 6 is placed in between the 2 and the 4. Second example: 87 x 11 = 957 because 8 + 7 = 15 so the 5 goes in between the 8 and the 7 and the 1 is carried to the 8. So it is basically 857 + 100 = 957.
One example is which option is more attractive between option A ($1,500 with a probability of 33%, $1,400 with a probability of 66%, and $0 with a probability of 1%) and option B (a guaranteed $920). Prospect theory and loss aversion suggests that most people would choose option B as they prefer the guaranteed $920 since there is a probability ...