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e. Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. [ 1][ 2] Each transaction transfers value from credited ...
Accounts clerk. v. t. e. Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding ...
The pain of paying is a concept from Behavioral Economics and Behavioral Science, coined in 1996 by Ofer Zellermayer, whilst writing his PhD dissertation at the University of Carnegie Mellon, under supervision of George Loewenstein. The term refers to the negative emotions experienced during the process of paying for a good or service. [1]
Psychological pricing (also price ending or charm pricing) is a pricing and marketing strategy based on the theory that certain prices have a psychological impact. In this pricing method, retail prices are often expressed as just-below numbers: numbers that are just a little less than a round number, e.g. $19.99 or £2.98. [ 1]
e. The psychology of reasoning (also known as the cognitive science of reasoning[ 1]) is the study of how people reason, often broadly defined as the process of drawing conclusions to inform how people solve problems and make decisions. [ 2] It overlaps with psychology, philosophy, linguistics, cognitive science, artificial intelligence, logic ...
Co-regulation. Co-regulation (or coregulation) is a term used in psychology. It is defined most broadly as a "continuous unfolding of individual action that is susceptible to being continuously modified by the continuously changing actions of the partner". An important aspect of this idea is that co-regulation cannot be reduced down to the ...
Meaning-making. In psychology, meaning-making is the process of how people construe, understand, or make sense of life events, relationships, and the self. [ 1] The term is widely used in constructivist approaches to counseling psychology and psychotherapy, [ 2] especially during bereavement in which people attribute some sort of meaning to an ...
Psychology. Idiosyncrasy credit[ 1] is a concept in social psychology that describes an individual's capacity to acceptably deviate from group expectations. Idiosyncrasy credits are increased (earned) each time an individual conforms to a group's expectations, and decreased (spent) each time an individual deviates from a group's expectations.