SELF-INTEREST‚ ALTRUISM‚ INCENTIVES‚ & AGENCY THEORY Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract Many scholars‚ business people‚ policy makers‚ and religious leaders are suspicious of self-interest and incentives and often oppose the use of incentives to motivate managers‚ employees‚ public servants‚ or the public itself. I address here some of these issues regarding human nature and organizations raised by Michael Brennan (1994) in “Incentives‚ Rationality‚ and Society
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Psychology - scientific study of behavior and mental processes. The 7 Subfields of Psychology Developmental Psychology - The study of how people grow and change physically cognitively‚ emotionally‚ and socially from the prenatal period through death. Subfields include: child‚ adolescent‚ and life-span psychology. Physiological Psychology - Investigates the biological basis of behavior. Subfield include: neuroscience‚ biological psychology‚ and behavior genetics. Experimental Psychology - Investigates
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INTRODUCTION It may be useful to describe community psychology by distinguishing it from other disciplines with which it is closely allied. Community psychology is like clinical psychology and community mental health in its action orientation. That is‚ community psychology aims to promote human welfare. But community psychology arose largely out of dissatisfaction with the clinician’s tendency to locate mental health problems within the individual. Community psychologists are more likely to see
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Psychology is commonly defined as ’scientific ’ study of human behaviour and cognitive processes. Broadly speaking the discussion focuses on the different branches of psychology‚ and if they are indeed scientific. However‚ it is integral in this to debate to understand exactly the major features of a science‚ in order to judge if psychology is in fact one. There must be a definable subject matter - this changed from conscious human thought to human and non-human behaviour‚ then to cognitive processes
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History of Psychology Modern psychology is a science that it continually being researched and added to. Psychology predates the 19th century and includes roots into early philosophy. Looking closely one can identify philosophers that related to the beginnings of psychology‚ identify major philosophers that historically relate to the beginnings psychology as a formal discipline and how the development of the science of psychology changed during the 19th century. A philosopher that could easily
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Cognitive psychology is the study of mental processes such as how people think‚ perceive information‚ and learn (Willingham‚ 2007). This area of psychology mainly concentrates on the way people acquire‚ process‚ and store information. It has practical uses because it can enhance a person’s ability to learn by improving memory and advancing a person’s ability to make decisions. There are four milestones in the development of cognitive psychology as a discipline. The research conducted by Dr. Alfred
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Normal psychology is the study that gives focus on the normal or average human behavior according to the socially acceptable behaviors‚ practices and traits. In contrast‚ abnormal psychology is the study that deals with unusual human behaviors that people deem are against the socially accepted behaviors and that includes mental disorders. Differentiating the two however‚ needs careful study because it involves human judgment which may or may not be necessarily correct. To aptly define and contrast
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At our first ever Psychology 10 meeting‚ we were tasked to give out what we think are myths about psychology. At that time I don’t even know what to think of because‚ honestly‚ I don’t know much about psychology. But of course I now have a sense of clarity about the world of psychology‚ the science that seeks lucidity on human behaviour. As we all know‚ studying behavioural patterns can be difficult. Well maybe that’s just me because I don’t even understand mine at times. But I know that this is
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Assignment # 1 Goals of psychology Submitted by Name Muhammad Arslan Tariq Roll# bcs-f9-062 Section B Submitted to Mrs shamim Due date 22\02\2013 What is Psychology? Before having an eye on the goals of psychology we have to be clear about what psychology is? Some people thinks that this is only the study of human behavior but it is not entirely correct but it can be a part of psychology .In Psychology we not only target the humans but also the animals too. It is the study
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Foundations of Psychology Robert N Guthrie PSY 300 November 3‚ 2013 Emmett Lampkin Foundations of Psychology Psychology is the scientific study of mental processes and behavior(Kowalski & Westen‚ 2011). To understand an individual‚ one must learn of the individual’s biology‚ psychological experience‚ and cultural context(Kowalski & Westen‚ 2011). With this paper‚ one will learn of the different schools of thoughts associated with psychology and their most underlying assumptions. One will
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