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John C. Norcross is among the psychologists who have simplified the balance sheet to four cells: the pros and cons of changing, for self and for others. [19] Similarly, a number of psychologists have simplified the balance sheet to a four-cell format consisting of the pros and cons of the current behaviour and of a changed behaviour. [20]
Research on attribution biases is founded in attribution theory, which was proposed to explain why and how people create meaning about others' and their own behavior. This theory focuses on identifying how an observer uses information in his/her social environment in order to create a causal explanation for events.
Fritz Heider discovered Attribution theory during a time when psychologists were furthering research on personality, social psychology, and human motivation. [5] Heider worked alone in his research, but stated that he wished for Attribution theory not to be attributed to him because many different ideas and people were involved in the process. [5]
The bottom line. Credit cards can be a great financial tool when used carefully. Not only can you build a positive credit history, but the right card lets you earn rewards on your everyday ...
An unsecured line of credit isn’t backed by any collateral and may come with higher interest rates than a secured line. Before applying, here are some pros and cons of a business line of credit ...
Overview: What are the pros and cons of a HELOC? Pros. Lower interest rates. Flexibility. Tax-deductible interest. Potential boost to credit. Cons. Variable rates/payments. House on the line ...
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 ...
If you’re weighing the pros and cons of transferring a credit card balance and find that the disadvantages outweigh the pros, then you may want to consider balance transfer alternatives. Here ...