Question
Which of the following theory presents how people take
decision when presented with alternatives that involve risk, probability, and uncertainty?Solution
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, and uncertainty. It holds that people make decisions based on perceived losses or gains.
Right to private defence commences when______ and continues till ÂÂÂÂ________.
Which international organization is responsible for the regulation of international trade and settling disputes between member countries?
Nothing is an offence which is done in the exercise of right of private defence is mentioned under which section of the Indian Penal Code?
A, a surgeon, knowing that a particular operation is likely to cause the death of Z, who suffers under the painful complaint, but not intending to caus...
Z, under the influence of madness, attempts to kill A; Z is guilty of no offence. Which of the following is true?
Communication made in good faith as per S. 93 of IPC should be:
Alibi is governed by
Who can file a complaint in a District consumer dispute redressal commission?
Which part of the Constitution contains provisions related to Panchayats?
If right to private defence is subjected to risk of harm to innocent person_______________?