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Some adults with right hemisphere brain damage may exhibit behavior that includes tangential speech. [4] Those who exhibit these behaviors may also have related symptoms such as seemingly inappropriate or self-centered social responses, and a deterioration in pragmatic abilities (including appropriate eye contact as well as topic maintenance).
A related term is tangentiality—it refers to off-the-point, oblique or irrelevant answers given to questions. [2] In some studies on creativity, knight's move thinking—while describing a similarly loose association of ideas—is not considered a mental disorder or the hallmark of one; it is sometimes used as a synonym for lateral thinking.
In common usage, "significant" usually means "noteworthy" or "of substantial importance". In econometrics—the use of statistical techniques in economics—"significant" means "unlikely to have occurred by chance". For example, suppose one wishes to find if the minimum wage rate affects firms' decisions on how much labor to hire. If the data ...
A person with circumstantiality has slowed thinking and invariably talks at length about irrelevant and trivial details (i.e., circumstances). Eliciting information from such a person can be difficult since circumstantiality makes it hard for the individual to stay on topic. In most instances however, the relevant details are eventually achieved.
Experimental economics is the application of experimental methods, including statistical, econometric, and computational, [139] to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate ...
A key strand of free market economic thinking is that the market's invisible hand guides an economy to prosperity more efficiently than central planning using an economic model. One reason, emphasized by Friedrich Hayek, is the claim that many of the true forces shaping the economy can never be captured in a single plan. This is an argument ...
An example of this effect was seen during economic crises such as the 2008 financial crash, when panic induced sell-offs heavily impacted market stability. The period prior to the Great Recession had a "decade-long expansion in US housing market activity peaked in 2006 [4]," which came to a halt in 2007. As the trends prior to 2008 hinted at ...
In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a mutual perspective on the way economies function. While economists do not always fit within particular schools, particularly in the modern era, classifying economists into schools of thought is common.