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Theories are formulated to explain, predict, and understand phenomena and, in many cases, to challenge and extend existing knowledge within the limits of critical bounding assumptions. TheoryHub features reviews of theories, acting as a starting point for theory exploration.
ISBN: 978-1-7396044-0-0
Affordance Theory describes the possible actions an actor can perform based on the properties of objects in an environment. These properties, such as shape and size, combined with the actor’s needs, goals, and abilities, shape how the object can be perceived and used.
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Equity Theory explains the individual's perception of fairness in social exchange relationships, based on the perception of one’s input into relations and the output of those relations compared against the ratio of the input and output of other people
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Agency theory explains how contracts, incentives, and monitoring align the interests of principals and agents with differing goals and unequal information to minimise agency costs.
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ISBN: 978-1-7396044-0-0
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