Syncratic decision making

1. One of the types of purchase decision-making in the family with respect to various products and services. In this type of decision-making, both spouses are equally involved and take decisions jointly. Therefore, such decisions are also called joint decisions.
2. Where the spouses jointly decide about the purchase.

Idiosyncratic

1. A structural or behavioral characteristic peculiar to an individual or group.
2. A physiological or temperamental peculiarity.
3. An unusual individual reaction to food or a drug.

Socratic Seminar

The goal of a Socratic seminar is for students to help one another understand the ideas, issues, and values reflected in a specific text. Students are responsible for facilitating a discussion around ideas in the text rather than asserting opinions. Through a process of listening, making meaning, and finding common ground students work toward shared understanding rather than trying to prove a particular argument.

Socratic method

Socratic method , also known as method of elenchus, elenctic method, or Socratic debate, is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas. It is a dialectical method, often involving a discussion in which the defense of one point of view is questioned; one participant may lead another to contradict themselves in some way, thus strengthening the inquirer's own point.

Syncretic religion

1. Reconciliation or fusion of differing systems of belief, as in philosophy or religion, especially when success is partial or the result is heterogeneous.
2. Linguistics - The merging of two or more originally different inflectional forms.

Syncretic thinking

A stage in the development of the cognitive thought processes of the child during which thought is based purely on what is perceived and experienced. The child is incapable of reasoning beyond the observable or of making deductions or generalizations. Through imaginative play, questioning, interaction with others, and the increasing use of language and symbols to represent objects, the child begins to learn to make associations between ideas and to elaborate concepts. In Piaget's classification, this stage occurs between 2 and 7 years of age and is preceded by the sensorimotor stage of development, when the child progresses from reflex activity to repetitive and imitative behaviour.

Idiosyncratic Risk

1. Risk that is specific to an asset or a small group of assets.
2. Idiosyncratic risk has little or no correlation with market risk, and can therefore be substantially mitigated or eliminated from a portfolio by using adequate diversification.