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In psychology, prospection is the generation and evaluation of mental representations of possible futures. The term therefore captures a wide array of future-oriented psychological phenomena, including the prediction of future emotion ( affective forecasting ), the imagination of future scenarios (episodic foresight), and planning .
Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. [1] The theory was cited in the decision to award Kahneman the 2002 Nobel Memorial Prize in Economics .
Also in 2016, Quizlet launched "Quizlet Live", a real-time online matching game where teams compete to answer all 12 questions correctly without an incorrect answer along the way. [15] In 2017, Quizlet created a premium offering called "Quizlet Go" (later renamed "Quizlet Plus"), with additional features available for paid subscribers.
One solution to the problem observed by Rabin is that proposed by prospect theory and cumulative prospect theory, where outcomes are considered relative to a reference point (usually the status quo), rather than considering only the final wealth. Another limitation is the reflection effect, which demonstrates the reversing of risk aversion.
Prospective memory is a form of memory that involves remembering to perform a planned action or recall a planned intention at some future point in time. [1] Prospective memory tasks are common in daily life and range from the relatively simple to extreme life-or-death situations. [2]
The anchoring effect is a psychological phenomenon in which an individual's judgments or decisions are influenced by a reference point or "anchor" which can be completely irrelevant.
Regret is a negative emotion with a powerful social and reputational component, and is central to how humans learn from experience and to the human psychology of risk aversion. Conscious anticipation of regret creates a feedback loop that transcends regret from the emotional realm—often modeled as mere human behavior —into the realm of the ...
The test combines facets of art therapy, cognitive behavioral therapy, and insight therapy, while also providing a theoretical platform of behavioral analysis. The test has been used widely as a clinical tool, as an educational assessment, and in human resource selection [citation needed]. The test is accompanied by an inventory, The Relational ...