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Money illusion can also influence people's perceptions of outcomes. Experiments have shown that people generally perceive an approximate 2% cut in nominal income with no change in monetary value as unfair, but see a 2% rise in nominal income where there is 4% inflation as fair, despite them being almost rational equivalents.
The cost of carry or carrying charge is the cost of holding a security or a physical commodity over a period of time. The carrying charge includes insurance , storage and interest on the invested funds as well as other incidental costs.
The tendency to concentrate on the nominal value (face value) of money rather than its value in terms of purchasing power. [105] Moral credential effect Occurs when someone who does something good gives themselves permission to be less good in the future. Non-adaptive choice switching
Face value can be used to refer to the apparent value of something other than a financial instrument, such as a concept or plan. In this context, "face value" refers to the apparent merits of the idea, before the concept or plan has been tested. Face value also refers to the price printed on a ticket to a sporting event, concert, or other event ...
Another rationale for just-below pricing is prospect theory. This theory holds that consumers facing uncertainty in decision making base the value of an alternative on gains or losses offered by the alternative relative to some reference point, rather than on final absolute states of wealth or welfare.
Value stocks, on the other hand, tend to be more consistent in terms of earnings, less risky or volatile, and often provide a good choice for earning higher short-term income.
Psychological statistics is application of formulas, theorems, numbers and laws to psychology. Statistical methods for psychology include development and application statistical theory and methods for modeling psychological data. These methods include psychometrics, factor analysis, experimental designs, and Bayesian statistics. The article ...
If you are carrying a credit card balance for the first time, there’s no need to feel embarrassed or anxious — many people do it at some point in their lives. Simply do your best to pay off ...