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: 9 (1 vote)
Speaking category

Comments

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

Performance on vocabulary words:
No of characters: 610.0 592.248995984 103% => OK
No of words: 164.0 155.574297189 105% => OK
Chars per words: 3.71951219512 3.80514564318 98% => OK
Fourth root words length: 3.57858190836 3.525876923 101% => OK
Word Length SD: 1.56387877894 1.79077849142 87% => OK
Unique words: 109.0 93.7148594378 116% => OK
Unique words percentage: 0.664634146341 0.604071249207 110% => OK
Syllable count: 187.2 185.844578313 101% => OK
Avg_syllables_per_word: 1.1 1.19417670683 92% => OK

Performance on coherence:
Topic speech coherence ratio: 0.0234406277586 0.0650381309087 36% => It may have issues on recording quality or the content is not so closely related to content.

Acoustic performance on paragraphs:
How many acoustic paragraphs: 5.0 4.35341365462 115% => OK
Average paragraph length: 32.8 68.503853103 48% => The average paragraph length is low.
STD paragraph length: 21.1981131236 21.3332995233 99% => OK
Average paragraph duration: 12.238 25.9943957902 47% => OK
STD paragraph duration: 7.75391101316 7.84667146824 99% => OK

Acoustic performance on sentences:
How many acoustic sentences: 38.0 42.0642570281 90% => OK
Average acoustic sentence length: 4.31578947368 4.02192344571 107% => OK
STD acoustic sentence length: 3.52513727361 3.1217529195 113% => OK
Average acoustic sentences duration: 1.53447368421 1.45093177766 106% => OK
STD acoustic sentences duration: 1.09959489519 0.99851816184 110% => OK

Acoustic performance on acoustic silence:(An acoustic silence means a little pause between two or more words)
How many acoustic silence: 32.0 39.0421686747 82% => OK
Total acoustic silence duration: 6.8 7.12997991968 95% => OK
Average acoustic silence duration: 0.2125 0.185688545393 114% => OK
STD acoustic silence duration: 0.18454335534 0.155154303396 119% => OK

Acoustic performance on acoustic words:
Total word duration: 48.63 47.1480722892 103% => OK
Average word duration: 0.296524390244 0.305395592593 97% => OK
STD word duration: 0.138549077825 0.189427763521 73% => OK

Disfluencies: like hesitations, or 'ehn' or taking a long time to pronounce a word:
How many disfluencies: 7.0 7.94979919679 88% => OK
Total_disfluencies_duration: 4.49 6.2937751004 71% => OK
Total acoustic noise duration: 3.69 3.39508032129 109% => OK

Acoustic rates:
Total speech duration: 61.19 59.7592369478 102% => Need to finish the speech on time.
Compare to expected duration: 1.01983333333 0.995987282463 102% => OK
Rate of silence: 0.522961268181 0.656000678711 80% => OK
Rate of speech: 2.68017649943 2.60215298798 103% => OK
Rate of speech by unique words: 1.78133681974 1.56821927147 114% => OK
Rate of word duration by unique words: 2.24141476455 1.99336655568 112% => OK
Average articulation rates: 0.287514560976 0.317803793328 90% => OK

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Rates: 90.0 out of 100
Scores by speech e-grader: 27.0 Out of 30
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Note: the speech e-grader does NOT examine the meaning of words and ideas.