FINC 6022 Behavioural Finance Lecture 5: Overconfidence Lecturer: Andrew Grant Introduction › Overconfidence: Belief in one’s ability that is not justified by actual skill › How do we identify overconfidence? - Miscalibration in judgemental intervals - Better-than-average effect › Miscalibration can manifest itself in estimates of quantities that could potentially be discovered (e.g. the length of the Nile River) › Or in estimates of not-yet-known quantities (e.g. the future price of a stock
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of learning that is concerned about behaviour that can be observed and measured scientifically rather than being shaped by innate mental states such as thinking‚ knowing‚ feeling and biological processes such as hormones. Two major influences on behavioural psychology today are B.F. Skinner and Albert Bandura. Skinner’s theory of learning was called "Operant Conditioning" or sometimes known as instrumental conditioning and it is basically a method of learning that uses rewards and punishments to shape
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INTRODUCTION Background of the Study For any newly licensed registered nurse about to embark on her nursing career‚ the concept of competence is of great personal and professional significance. Questions abound regarding what it means to be a competent nurse and how competence is measured. Nursing competency is defined by the National Council for State Boards of Nursing (NCSBN) as the “application of knowledge‚ interpersonal decision-making and psychomotor skills expected for the practice role
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Building team and being a team member‚ first you have to recognize the concept and meaning of the team. Teams are one kind of small groups. A team is not only when people get together to work. “A team is a set of interpersonal interactions structured to achieve established goal” (David W. Johnson‚ Frank W. Johnson‚ Joining together: Group Theory and Group skills-8th Edition). To be more specific‚ a team includes two or more people who have these following characteristics. Firstly‚ people who are
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Prevention/Protection Mission Area Core Capabilities On Monday‚ January 17‚ 1994 at 4.31 a.m. an earthquake measuring a magnitude of 6.7 struck a densely populated area of San Fernando Valley. In spite of Los Angeles County considered as one of the greatest prepared regions for earthquakes‚ Northridge was one of the worse disasters financially. They were around 14‚000 aftershocks reported in the magnitude of 4.0-5.0 range. Because of the earthquake people displaced from their homes are estimated
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The presence of cultural competence in the health care system and what it means for the health of our diverse population‚ is something that should be part of the schooling for healthcare providers. Cultural Competence in the health care system is described as the ability to tend to the needs of patients through understanding their linguistic and cultural differences. Our vast‚ diverse population in the United States makes cultural competence in health care imperative. Without it‚ we cannot provide
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phonology and lexis of the English language. Yet‚ as many English teachers recognize‚ and as many language learners have experienced first-hand‚ speech acts that are grammatically and phonologically correct sometimes fail because the learner’s pragmatic competence—his or her ability to express or interpret communicative functions in particular communicative contexts—is undeveloped or faulty. Pragmatic incompetence in the L2‚ resulting in the use of inappropriate expressions or inaccurate interpretations resulting
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Building an Ethical Organization Part II HSM/230 Dr. Lind Organizational ethics is the ethics of an organization‚ which is a very important factor for an organization‚ the principles‚ and standards. They will be expressed and shown through fairness- be sure everyone is treated fair no matter race‚ ethnicity‚ status. Compassion- show that you care about what is going on in an individual’s life. Integrity-be honest and show good character. Honor‚ and take responsibility of every employee as well
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development of psychological disorder. To alleviate them‚ self-esteem levels needs to be raised‚ which is possible due to the fact that low self-esteem is seen as an illness and can be cured. Module 1 Assignment: Building Self-Esteem Essay Personalities are as numerous as there are people in this world. Made up of different characteristics‚ every personality is unique. Self-esteem is an essential component and while most people have heard of the word‚ not everyone
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Communicative Competence and English as an International Language Language is used for expressing our thoughts ‚ and for verbal thinking‚ problem-solving‚ and creative writing‚ but it is used essentially for communication. What makes it difficult to grasp the language user’s systems of representation for communication with others is the fact that the capability of individuals to interact with others through language is a unique quality and at the same time a universal human quality. The successful
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