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Manifest functions are the consequences that people see, observe or even expect. It is explicitly stated and understood by the participants in the relevant action. The manifest function of a rain dance, according to Merton in his 1957 Social Theory and Social Structure, is to produce rain, and this outcome is intended and desired by people participating in the ritual.
The book introduced many important concepts in sociology, like: manifest and latent functions and dysfunctions, obliteration by incorporation, reference groups, self-fulfilling prophecy, middle-range theory and others. [3]
Griffiths' research focuses on the psychology of excessive behavior. His research interests include online research methods, internet studies, cyberpsychology, behavioural addiction, gambling addiction, video game addiction, internet addiction, exercise addiction, and sex addiction. [8]
Most theoretical analyses of risky choices depict each option as a gamble that can yield various outcomes with different probabilities. [2] Widely accepted risk-aversion theories, including Expected Utility Theory (EUT) and Prospect Theory (PT), arrive at risk aversion only indirectly, as a side effect of how outcomes are valued or how probabilities are judged. [3]
The task was originally presented simply as the Gambling Task, or the "OGT". Later, it has been referred to as the Iowa gambling task and, less frequently, as Bechara's Gambling Task. [4] The Iowa gambling task is widely used in research of cognition and emotion. A recent review listed more than 400 papers that made use of this paradigm. [5]
This variably curving utility function would thereby explain why an individual is risk-loving when he has more wealth (e.g., by playing the lottery) and risk-averse when he is poorer (e.g., by buying insurance). The function has been used widely, including in the field of economic history to explain why social gambling did not necessarily mean ...
The use of latent variables can serve to reduce the dimensionality of data. Many observable variables can be aggregated in a model to represent an underlying concept, making it easier to understand the data. In this sense, they serve a function similar to that of scientific theories.
The practice has been tied to the same methods that slot machines and other gambling devices dole out rewards, as it follows a variable rate schedule. While the general perception that loot boxes are a form of gambling, the practice is only classified as such in a few countries as gambling and otherwise legal.