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card paradox
解释
The Paradox of the Five Card Trick
The Paradox of the Five Card Trick is a logic puzzle that has been around since the late 19th century. The puzzle involves five cards - the Ace, King, Queen, Jack and Ten of Hearts - being placed in a row. The paradox states that, no matter how the cards are......
16/07/2023 
1045 
Sophia
stimulating goods
Stimulating Goods
Goods that stimulate and appeal to our senses have been around since ancient times. From spices and perfumes to cigarettes and alcohol, stimulating goods have been sought out and used by cultures around the world. In recent years, the concept of stimulating goods has become even......
Pavlovian model
The Pavlovian Model
The Pavlovian Model is a psychological model which has been developed to explain the relationships between stimulation, behavior and learning. It is based on the work conducted by the famous Russian physiologist, Ivan Pavlov. He is best remembered for his pioneering research on......
double terminal theory
The Concept of Double Terminal Theory
The double terminal theory is an influential concept in economics that states that the ultimate purpose of all economic activities is the satisfaction of current needs and the promotion of future development. This theory postulates that economic activities sh......
peak effect
The Halo Effect
As a phrase, “the halo effect” has been in use since the 1920s. The concept itself, however, has been around far longer. The halo effect is an element of human behavior that relates to the perception and assessment of other people. Whenever someone perceives another person to ha......
unproductive expenditure
Non-Productivity Expenditure
The term “non-productivity expenditure” is used to refer to all economic activities that do not directly result in the production of goods and services. This includes costs associated with the distribution, marketing, and advertising of goods and services, which are......
Hotelling model
The Hofstede Model
The Hofstede model is a comprehensive framework for understanding how cultural variations influence politics, communication, business, and social practices. Developed by Geert Hofstede, the model is based on research done in the 1960s by the International Management Development......
ramsey model
The Representativeness Heuristic Model
The Representativeness Heuristic Model, or the RHM, is a decision-making model that has been conceptualized to explain how people decide between options given conflicting and uncertain information. The model posits that people rely on superficial cues and si......
quantitative easing monetary policy
Quantitative Easing Monetary Policy
Quantitative easing (QE) is a monetary policy tool used by central banks to stimulate economic growth. Central banks can choose to reduce interest rates to stimulate economic activity, but when interest rates hit the “zero lower bound” – the point at which t......
New Keynesianism
Developments in Keynesian Economics
Keynesian economics is an economic theory based upon the analysis of macroeconomic aggregates with the use of Keynes’s General Theory of Employment, Interest and Money. Developed by British economist John Maynard Keynes during the 1930s, Keynesian economics fo......
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