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Traditionally prospecting relied on direct observation of mineralization in rock outcrops or in sediments. Modern prospecting also includes the use of geologic, geophysical, and geochemical tools to search for anomalies which can narrow the search area. Once an anomaly has been identified and interpreted to be a potential prospect direct ...
Prospect theory is a ... Early applications of prospect theory in International Relations emphasized the potential to explain anomalies in foreign policy decision ...
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.
Reference dependence is a central principle in prospect theory and behavioral economics generally. It holds that people evaluate outcomes and express preferences relative to an existing reference point, or status quo. It is related to loss aversion and the endowment effect. [1] [2]
Exploration geophysics is an applied branch of geophysics and economic geology, which uses physical methods at the surface of the Earth, such as seismic, gravitational, magnetic, electrical and electromagnetic, to measure the physical properties of the subsurface, along with the anomalies in those properties.
The prospect theory can explain such phenomena as people who prefer not to deposit their money in a bank, even though they would earn interest, or people who choose not to work overtime because they would have to pay higher taxes. It also plainly underlies the disposition effect.
He eventually left his post at the rehabilitation facility in 2011. “I was stuck in an abstinence model that didn’t work,” Kalfas said. Administrators of the facility “really need to be confronted with their success rates. In AA, the definition of insanity is doing the same thing over and over again and expecting a different result.
Coso artifact in 2018. The Coso artifact is an object falsely claimed by its discoverers to be a spark plug encased in a geode.Discovered on February 13, 1961, by Wallace Lane, Virginia Maxey, and Mike Mikesell while they were prospecting for geodes near the town of Olancha, California, it has long been claimed as an example of an out-of-place artifact. [1]