Prospect theory Prospect theory was developed by Daniel Kahneman and Amos Tversky in 1979 as a psychologically realistic alternative to expected utility theory. It allows one to describe how people make choices in situations where they have to decide between alternatives that involve risk‚ e.g. in financial decisions. Starting from empirical evidence‚ the theory describes how individuals evaluate potential losses and gains. In the original formulation the term prospect referred to a lottery.
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Tendency of Women Rights Violation in South Asia Amity Saha M.A.1st Year‚ South Asian Studies‚ UMISARC‚ Pondicherry University Abstract: Chauvinism‚ discrimination‚ sexual harassment‚ rape and other crimes against women are problems faced severely by women in South Asia in recent days. These are the serious cases of violations of human rights. In this article several current incidents‚ where women rights and dignity as a human being are completely violated in south Asian countries are shown. Introduction:
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NUCLEAR ARMS RACE IN SOUTH ASIA AND ITS IMPACT ON REGIONAL SECURITY INTRODUCTION 1. The nuclear age opened during World War II with a blinding light; a deafening roars fire and blood. The world’s first nuclear bomb exploded at Alamogordo on 16 July 1945. It had a very complex history. The sensational discovery of nuclear fission first came in Germany in December 1938. British research then showed that the manufacture of a nuclear weapon was almost possible. The American technological‚ scientific
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Scope and objective of the study: The main purpose of the report is to show a concrete Overview of Current International Business Growth & Prospects in Bangladesh. The report will show Private Investment Trend‚ Investment Incentives Potential Sectors For Investment‚ Legal security for investment etc. Methodology: The information gathered for the report is through the use of primary and secondary sources. The whole information has been gathered from internet‚ different books‚ manuals‚ class lecture
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Career prospects 1. Before you strike off in pursuit of a career that really lights your fire‚ take some time to do some serious self-exploration. Make a list of all things in your life that you have really enjoyed. It could be work or play‚ an event‚ or a period of time in your life. Pick one and start digging into reasons why. Get beyond what you love doing‚ and break it down into the underlying characteristics. Think of it as identifying your passion’s building blocks. Once you have a picture
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The Member Nation of Association of Southeast Asian Nations (ASEAN) Indonesia Indonesia is one of the founding members of ASEAN on August 8‚ 1967. The country is located between lattitudes11°S and 6°N‚ and longitudes 95°E and 141°E and consists of 17‚508 islands‚ about 6‚000 of which are inhabited. It is also home a hundred of flora and fauna species and consists of about 300 ethnic groups with different unique cultures and more than 700 living languages that are spoken.
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Prospect Theory: An Analysis of Decision under Risk Daniel Kahneman; Amos Tversky Econometrica‚ Vol. 47‚ No. 2. (Mar.‚ 1979)‚ pp. 263-292. Stable URL: http://links.jstor.org/sici?sici=0012-9682%28197903%2947%3A2%3C263%3APTAAOD%3E2.0.CO%3B2-3 Econometrica is currently published by The Econometric Society. Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use‚ available at http://www.jstor.org/about/terms.html. JSTOR’s Terms and Conditions of Use provides
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Summary of the learning points (ranked by importance to you) Today’s class discussed the mental accounting for money management. 1. Prospect theory. The theory can be represented by a value function‚ as shown below. The value function starts from a reference point‚ and is normally concave for gains‚ and convex for losses. It is also steeper for losses than for gains. The theory intends to explain why people behave irrationally when making choices. 2. Framing effect. It refers
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A Term Paper on Prospects of Foreign Direct Investment in Bangladesh Prepared To: Md. Shariful Islam Fellow (Assistant Professor) Institute of Business Administration (IBA) University of Rajshahi Prepared By: Md. Hasibur Rahman ID No. 100043 MBA (Evening) – Major in Finance 9th Batch‚ 5th Semester Institute of Business Administration (IBA) University of Rajshahi Institute of Business Administration (IBA) University of Rajshahi Date of Submission: May 31‚ 2012 Letter of Transmittal
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Prospect House The story Prospect House‚ written by Frances Childs is a realistic description from the bottom of the social heap. In the story we meet Kim‚ a girl with a bleak background who has an identity crisis. This crisis is presumably caused by the mother she never had‚ and it is the red line in the story; the author clearly illustrates that parent’s plays an important role in their children’s live‚ especially when they are not there. The story takes place outside the city‚ probably near
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