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An example of mental accounting is people's willingness to pay more for goods when using credit cards than if they are paying with cash. [1] This phenomenon is referred to as payment decoupling. Mental accounting (or psychological accounting ) is a model of consumer behaviour developed by Richard Thaler that attempts to describe the process ...
In accounting, the controlling account (also known as an adjustment or control account [1]) is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
The Perverse Triangle was first described in 1977 by Jay Haley [6] as a triangle where two people who are on different hierarchical or generational levels form a coalition against a third person (e.g., "a covert alliance between a parent and a child, who band together to undermine the other parent's power and authority".) [7] The perverse triangle concept has been widely discussed in ...
Mike Manalac is an account manager who struggled to balance his ambitious career with family life. He chose a work-life balance over salary but his goal of starting a family was still out of reach.
One definition of a controlled process is an intentionally-initiated sequence of cognitive activities. [6] In other words, when attention is required for a task, we are consciously aware and in control. Controlled processes require us to think about situations, evaluate and make decisions. An example would be reading this article.
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Below is an example of the fourfold pattern of risk attitudes. The first item in each quadrant shows an example prospect (e.g. 95% chance to win $10,000 is high probability and a gain). The second item in the quadrant shows the focal emotion that the prospect is likely to evoke.
In the life of your child, you easily exchange thousands of words every day, or at the very least every week. And while many of these conversations may seem normal and even fairly inconsequential ...