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Start learning 50% faster. Sign in nowThe 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
Section 376-B of the Indian Penal Code, 1860 deals with offence of________.
Ab initio means________________
According to ___________ of interpretation, the meaning of a word is to be judged by the company it keeps.
Under the Prevention of Money-Laundering Act, 2002 the Appellate Tribunal constituted under the ________________ shall act as the Appellate Tribunal for...
S.55 of Transfer of Property Act, 1882 provides for:
‘P’ in WTO Agreement SPS stands for
Court can ask question under Section 161 of the Act to_____
Under the Bharatiya Sakshya Adhiniyam, what is the rule regarding confessions made to police officers?
Which of the following can be included as a property of the partnership firm?
Things done in private defence ___________________