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The Prospect theory was introduced by two psychologists, Daniel Kahneman, and Amos Tversky. As per the theory, given the choice of equal probabilities, most people would choose to retain the wealth that they already have, rather than risk the chance to increase their current wealth. People are usually averse to the possibility of losing, such that they would rather avoid a loss rather than take a risk to make an equivalent gain. It is a psychology theory that describes how people make decisions when presented with alternatives that involve risk, probability, anduncertainty. It holds that people make decisions based on perceived losses or gains
Direction : In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark...
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option...
Country’s second largest city is left none ideas unheeded to shake off its ‘university town’ image.
In the paragraphs given below count the number of grammatical errors and mark that as your answer.
We become whatever we connect ourselves wi...
He assured the court that his employees would not try to affluence the witnesses.
Two days after issuing an advisory cautioning (1)/people against sharing a photocopy of (2)/its Aadhaar card, the Union government on Sunday (3)/withdr...
In these questions some of the sentences have errors and some have none. Find out which part of a sentence has an error and indicate it corresponding t...
As soon as the TV set (A) / was installed, the quiet (B) / stillness that had existed in (C) / my aunt’s house had vanished. (D) / No Error (E)
(A) Everybody were celebrating the / (B) victory, everything was / (C) bubbling with life in the / (D) ruined but reviving city.
(A) the company reported a profit this quarter,
(B) expenses increased significantly,
(C) leading to concerns about sustainability
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