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The Cumulative Impact Paradox is a theory derived by Charles H. Eccleston wherein there is no scenario in which a proposed activity could be approved if regulations require their cumulative effects to be insignificant. Eccleston explains that if environmental regulations require decision-makers to consider the significance of proposed projects ...
Cumulative inequality theory or cumulative disadvantage theory is the systematic explanation of how inequalities develop. The theory was initially developed by Merton in 1988, [ 1 ] who studied the sciences and prestige.
A revised version, called cumulative prospect theory overcame this problem by using a probability weighting function derived from rank-dependent expected utility theory. Cumulative prospect theory can also be used for infinitely many or even continuous outcomes (for example, if the outcome can be any real number). An alternative solution to ...
Circular cumulative causation is a theory developed by Swedish economist Gunnar Myrdal who applied it systematically for the first time in 1944 (Myrdal, G. (1944), An American Dilemma: The Negro Problem and Modern Democracy, New York: Harper). It is a multi-causal approach where the core variables and their linkages are delineated.
These factors have a multiplicative effect which helps these scholars succeed later. The cumulative advantage model argues that an initial success helps a researcher gain access to resources (e.g., teaching release, best graduate students, funding, facilities, etc.), which in turn results in further success.
Cumulative prospect theory has been applied to a diverse range of situations which appear inconsistent with standard economic rationality, in particular the equity premium puzzle, the asset allocation puzzle, the status quo bias, various gambling and betting puzzles, intertemporal consumption and the endowment effect.
The rule also exempts a number of projects from review entirely and prevents the consideration of cumulative environmental impacts, including those caused by climate change. The rule went into effect on September 14, 2020 and is the first update to the CEQ regulations since their promulgation in 1978. [78] [79]
The Pareto principle may apply to fundraising, i.e. 20% of the donors contributing towards 80% of the total. The Pareto principle (also known as the 80/20 rule, the law of the vital few and the principle of factor sparsity [1] [2]) states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few").