“Foundations of Portfolio Theory” by. H.M. Markowitz (1991) Foundations of Portfolio Theory by H.M. Markowitz is based on a two part lesson of microeconomics of capital markets. Part one being that taught by Markowitz‚ which is solely geared toward portfolio theory and how an optimizing investor would behave‚ whereas part two focuses on the Capital Asset Pricing Model (CAPM) which is the work done by Sharpe and Lintner. In this article Markowitz speaks strictly on portfolio theory. He states that there
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In this essay I aim to describe two theories (Equity Theory and Social exchange theory) of relationships and to consider how they might influence the therapist engaged in couples counseling‚ noting their similarities and differences. Equity theory is a theory about fairness. Its application to close relationships has been primarily advanced by Elaine Hatfield (previously known as Elaine Walster) and her colleagues in the book Equity: Theory and Research (Walster‚ Walster‚ and Berscheid 1978). The
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Robin Wake 10/24/12 Choice Theories Madoff was a master thief and financier. In 2008‚ he revealed that the asset management arm of his firm‚ Bernard L. Madoff Investment Securities‚ was "just one big lie". In what he described as a Ponzi scheme‚ he took his investors for $65 billion over the course of two decades. The scheme wasn’t revealed until Madoff himself confessed his crimes (How Ponzi Schemes Work). I believe this is based on the rational choice theory. For example‚ a drug addict may
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Compare and contrast Rawls’ theory of justice with Hayek’s version of freedom. In doing so please outline and justify which theory provides a better explanation Friedrich Hayek was a British philosopher who wrote from his experiences of World War one in which he served. It is known that based on Hayek’s experience in the war and his desire to help avoid the mistakes that had orchestrated to the war; he was led to this career in which he developed the theory of freedom. Hayek argues that there
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2–4Weber’s Bureaucracy Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall 2–2 Theory X and Y • Douglas McGregor proposed the two different sets of worker assumptions. Theory X: Assumes the average worker is lazy‚ dislikes work and will do as little as possible. • Managers must closely supervise and control through reward and punishment. Theory Y: Assumes workers are not lazy‚ want to do a good job and the job itself will determine if the worker
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Answers: What is your general impression of the meeting? This meeting put together several experts in the field of dynamical systems and its connections with problems in social and life sciences. Game theory was particularly emphasized. For me‚ as a young scientist‚ it was an amazing occasion to be in touch with senior scientists working on my field on interest. As the organizer of a special session‚ I could also bring together specialists whose work is closely related to mine. One of the speakers
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Humanistic Theory and Trait Theory Comparison PSY210 Trudy Linden-Craft November 11‚ 2011 Axia College Alicia Amborski Humanistic Theory and Trait Theory Comparison In comparing the Humanistic and Trait Theories‚ a researcher will find that there are a plethora of differences between the two theories and quite a few similarities. However‚ the theories equally concur that a person’s personality is somewhat invented by the choices the person make. These two theories hardly come close
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Information theory is a branch of applied mathematics and electrical engineering involving the quantification of information. Information theory was developed by Claude E. Shannon to find fundamental limits on signal processing operations such as compressing data and on reliably storing and communicating data. Since its inception it has broadened to find applications in many other areas‚ including statistical inference‚ natural language processing‚ cryptography generally‚ networks other than communication
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Core Concepts across Nursing Theories Nursing theory is the phrase given to the group of experience used to encourage nursing practice. Nursing theory is a structure intended to systematize understanding and clarify experience in nursing‚ at a more particular and precise degree. A nursing theory is a collection of ideas‚ descriptions‚ connections‚ and theories or suggestions resulting from nursing examples or from other disciplines and plan a objective‚ methodical outlook of events by creating detailed
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in 1998. The two personality theories I chose to use to assess Olivia’s personality are Karen Horney’s Psychoanalytic Social Theory‚ and Harry Sullivan’s Interpersonal Theory. Horney’s theory was built on the assumption that social and cultural conditions‚ especially childhood experiences‚ are at the fore front for what is responsible for shaping personality. Sullivan’s theory stated that people develop their personality within a social context. His interpersonal theory emphasizes the importance of
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