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 STUDY ON THE PROSPECT AND PROBLEMS OF CARGO HANDLING IN CHENNAI PORT: Introduction: Chennai Port‚ the third oldest port among the 12 major ports‚ is an emerging hub port in the East Coast of India. This gateway port for all cargo has completed 128 years of glorious service to the nation’s maritime trade. Maritime trade started way back in 1639 on the sea shore Chennai. It was an open road -stead and exposed sandy coast till 1815. The initial
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Chapter - 1 1) Briefly explain the evolution of microprocessor based on IC fabrication technology clock frequency & instruction cycle. 2) Explain Moore’s law. 3) What do you understand by instruction set? 4) Define following key wordy respective to digital system design. (a) Synthesis (b) Specification (c) Analysis (d) Implementation 5) What is dynamic static instruction briefly explain. 6) Define processor performance. 7) How can you estimate processor performance
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APPLICATION AND REFORM NEEDS OF THE ENVIRONMENTAL LAWS IN BANGLADESH Syeda Rizwana Hasan* 1. Development of Environmental Law at the Global Level The Agenda 21 of United Nations Convention of on Environment and Development (UNCED) in its Chapter 8‚ 38 and 39 emphasized on the need to develop capacity in the legal and institutional areas for sustainable development in developing countries. Chapter 8.13 of the Agenda noted that laws and regulations suited to country-specific conditions are
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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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Comparative Analysis of How Prospects and Perspectives of Tissue Engineering Have Evolved Over the Years The concept of engineering living beings is not new to us. Tales of mythical creatures and beasts have long been interwoven with our history and form an essential part of many cultures all over the world. However as a science‚ tissue engineering is thought to be quite young. It evolved as a concept and term in the late 1980s. And although some research was undertaken in that field‚ it was only
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PROBLEMS OF POPULATION CENSUS IN AFRICA AND PROBLEMS WITH THE USE OF VITAL RECORDS IN NIGERIA. PROBLEMS OF POPULATION CENSUS IN AFRICA One important area where data collection is essential is human population‚ its data collection procedures is usually by direct enumeration carried out for every individual the territory at approximately the same time is known as the POPULATION CENSUS. More explicitly it can be defined as a complete process of collection‚ reception‚ assessments
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©2012 American Journal of Social Issues & Humanities Rising Youth Unemployment and Violent Crime in Nigeria Okechukwu Odinaka Ajaegbu Department of Sociology University of Ibadan Ibadan‚ Nigeria Phone: +2348064113068 Email: ajaegbuodina@yahoo.com Abstract Violent crimes such as murder‚ armed robbery‚ kidnapping and terrorism are the most inhumane crimes that continue to plague Nigeria. Lately‚ kidnappings for ransom and terrorism have taken the centre stage leading to bloodshed and economic
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other commercial purpose without the explicit permission of the Econometric Society. For this purpose‚ contact Claire Sashi‚ General Manager‚ at sashi@econometricsociety.org. Prospect Theory: An Analysis of Decision under Risk by Daniel Kahneman and Amos Tversky Econometrica‚ 47(2)‚ pp. 263-291‚ March 1979 PROSPECT THEORY: AN ANALYSIS OF DECISION UNDER RISK DANIEL KAHNEMAN; AMOS TVERSKY Econometrica (pre-1986); Mar 1979; 47‚ 2; ABI/INFORM Global pg. 263 Reproduced with permission of
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report to determine the course of action for Larson Inc.’s Nigerian operations. This report provides information on the macroeconomic conditions prevailing in Nigeria apart from taking into consideration the report given by the CEO-Nigeria operations. With this the report attempts to evaluate the economic viability of the business in Nigeria in a long run. Executive Summary The Nigerian wing of Larson Inc. finds it hard to operate efficiently owing to the changing policies of the local government;
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