Using the examples from the professor's lecture, explain the concept of mental accounting.

Speaking topics in text

Using the examples from the professor's lecture, explain the concept of mental accounting.

Mental Accounting

Although they may not realize it, people do not always manage their money in responsible way. In their minds, people tend to divide their money into different categories as if they were putting it into separate mental bank accounts. This tendency is known as mental accounting. People mentally store some money in one account to be saved, while they imagine other money being stored in another account from which money can be taken and freely spent. Mental accounting can lead people to spend more money than they should, which can make it difficult for them to save enough money to achieve their long-term financial goals.

Speaking recording
Votes
Average: 8.8 (1 vote)
Speaking category

Comments

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on vocabulary words:
No of characters: 623.0 592.248995984 105% => OK
No of words: 163.0 155.574297189 105% => OK
Chars per words: 3.82208588957 3.80514564318 100% => OK
Fourth root words length: 3.57311423478 3.525876923 101% => OK
Word Length SD: 1.63894416633 1.79077849142 92% => OK
Unique words: 103.0 93.7148594378 110% => OK
Unique words percentage: 0.631901840491 0.604071249207 105% => OK
Syllable count: 192.6 185.844578313 104% => OK
Avg_syllables_per_word: 1.2 1.19417670683 100% => OK

Performance on coherence:
Topic speech coherence ratio: 0.049054257821 0.0650381309087 75% => OK

Acoustic performance on paragraphs:
How many acoustic paragraphs: 4.0 4.35341365462 92% => OK
Average paragraph length: 40.75 68.503853103 59% => OK
STD paragraph length: 41.233329965 21.3332995233 193% => OK
Average paragraph duration: 15.07 25.9943957902 58% => OK
STD paragraph duration: 15.1994161072 7.84667146824 194% => OK

Acoustic performance on sentences:
How many acoustic sentences: 34.0 42.0642570281 81% => OK
Average acoustic sentence length: 4.79411764706 4.02192344571 119% => OK
STD acoustic sentence length: 4.31672133048 3.1217529195 138% => OK
Average acoustic sentences duration: 1.72382352941 1.45093177766 119% => OK
STD acoustic sentences duration: 1.32982089618 0.99851816184 133% => OK

Acoustic performance on acoustic silence:(An acoustic silence means a little pause between two or more words)
How many acoustic silence: 29.0 39.0421686747 74% => OK
Total acoustic silence duration: 5.69 7.12997991968 80% => OK
Average acoustic silence duration: 0.196206896552 0.185688545393 106% => OK
STD acoustic silence duration: 0.200454892907 0.155154303396 129% => OK

Acoustic performance on acoustic words:
Total word duration: 50.59 47.1480722892 107% => OK
Average word duration: 0.31036809816 0.305395592593 102% => OK
STD word duration: 0.152500184333 0.189427763521 81% => OK

Disfluencies: like hesitations, or 'ehn' or taking a long time to pronounce a word:
How many disfluencies: 11.0 7.94979919679 138% => It may have 'ehn' in the speaking, or it has hesitations or overlapping speeches.
Total_disfluencies_duration: 7.4 6.2937751004 118% => OK
Total acoustic noise duration: 1.99 3.39508032129 59% => OK

Acoustic rates:
Total speech duration: 60.28 59.7592369478 101% => OK
Compare to expected duration: 1.00466666667 0.995987282463 101% => OK
Rate of silence: 0.481088254811 0.656000678711 73% => OK
Rate of speech: 2.70404777704 2.60215298798 104% => OK
Rate of speech by unique words: 1.70869276709 1.56821927147 109% => OK
Rate of word duration by unique words: 2.03597548923 1.99336655568 102% => OK
Average articulation rates: 0.30935492638 0.317803793328 97% => OK

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Rates: 88.3333333333 out of 100
Scores by speech e-grader: 26.5 Out of 30
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Note: the speech e-grader does NOT examine the meaning of words and ideas.