market efficiency – share prices incorporate information in a timely and unbiased manner， reflect all publicly available information. Decision maker: rationality; utility maximization-optical solutions; solutions found by applying mathematical models. Behaviour research is based on ‘homo heuristics: i) Investors are not rational -Bounded rationality‚ ii)Satisfactory‚ rather than optimal solutions iii) Investors suffer from various cognitive‚ affective‚ and social biases iv)Markets are weakly efficient
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theory of rationalization. The first principle is practical rationality. This principle is seen to be found in people’s everyday life‚ when it pertains to individual’s interests. Weber found that people would go through all of their options that would result in a greater self satisfaction and once that final option is discover‚ people when then take the steps in order to fully fulfill that action. “All human beings engage in practical rationality in attempting to solve the routine and daily problems of
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quantitative surveys of health sector‚ and interviews with unsuccessful applicants. The key findings of the article are analyzing the useful of four hyper-rationality ideal types using neo-Weberian framework‚ limitations such as perspectives‚ and determining impact of managerialism in health sector particular on medicine and nursing. Practical rationality (opportunism‚ professional projects and teamwork): The BPHS programme provided short term funding for the growing of “dissemination projects” which
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However‚ Charlotte’s mother does not approve of Ms. Hancock and is extremely rude and disrespectful to her. After Ms. Hancock passed away‚ Charlotte’s mom stated "lf you would examine this whole‚ perfectly natural situation with a modicum of rationality‚ you would see she got exactly what she deserved.” (p.232). This shows that she has no pity‚ no heart and no appreciation for Ms. Hancock‚ even if she is deceased. Charlotte’s mom is an emotionless strict‚ human. The reason for her attitude towards
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order to promote for a greater investment and employment. Other than that‚ help to be rational economic man also one of the differences between the Islamic economics and the conventional economics. Rationality is a need in human life which leads to be human behavior. Essentially‚ the rationality has different definition to different economics. In conventional
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Reasonable (in the lawyer ’s sense)? Both concepts of rationality and reasonableness indicate a process of reasoning by anticipating and analysing the consequences of their potential actions and establishing a list of preferences‚ depending on the anticipated consequences. A rational person‚ having established their list of preferences‚ will choose the action which will maximise their utility. There are many different variations of rationality which will be outlined later in this essay. In order for
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Chapter 1: Introduction to McDonaldization What is McDonaldization? McDonaldization: The process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world What do we mean by the spatial‚ temporal‚ and vertical expansion of McDonaldization? Spatial expansion: franchises are growing rapidly; international success; other nations have developed their own variants on the McDonald’s chain McDonald’s long
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focused on my good motive. I tend to believe that ethics is a set of universal rules that everyone must follow‚ just as I do. I follow the rules - everyone should. My core ethical lens would be Autonomy and Rationality. I’m rational and use my reasoning skills to determine my duties. I prefer rationality over sensibility. I tend to use reason to find the rules of life but my actions are altered do to sensibility‚ being flexible as I prudently follow my intuition and heart. I favor protecting the rights
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make are rational in the economic sense and reasonable in the lawyer’s sense and whether it ultimately matters? Rationality and reasonability are inseparable from decisions (Sibley; 1953). Every decision an individual makes is made‚ perhaps unconsciously‚ in the belief that it is rational and reasonable in their current environment as we would not make them otherwise. Their rationality and reasonability comes under scrutiny from third parties‚ after the decision has been made with the benefit of
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and if those reasons are driven by the Categorical Imperative‚ as in if they are intentions are giving people the ability to be rational beings. In the case of Danielle Bregoli‚ she faces the exploitation Gerber outlines and limitations to her rationality that‚ for Kant‚ are very
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