Required: Show that the equilibrium condition and consumer equilibrium under both cardinal and ordinal utility theory are identical. They both assume that the consumer is rational. Consumer equilibrium‚ under cardinal utility theory‚ is achieved when the sufficient condition is met. That is‚ the total expenditure is equal to the consumer’s income. If a consumer is assumed to consumes two commodities only X and Y‚ then: Utility is a function of Y and X; U = f(X‚Y)…………………………..i Let the price
Premium Utility Consumer theory Substitute good
INFANT-MOTHER RELATIONSHIP MARY D. SALTER AINSWORTH Johns Hopkins University 3 theoretical approaches to the origin and development o f the infant-mother relationship are reviewed: psychoanalytic theories of object relations‚ social learning theories of dependency (and attachment)‚ and an ethologically oriented theory o f attachment. "Object relations‚" "dependency‚" and "attachment‚" although overlapping‚ are seen to differ substantially. Among the concepts in regard to which there are significant inter-theoretical
Premium Psychoanalysis Attachment theory Sigmund Freud
IT-601: THEORY OF COMPUTATION Teaching Scheme Lect 3 Prac 2 Total 5 Int Ass 30 Theory Sem End Marks Hrs 70 3 Examination Scheme Practical Sem Total Int Ass End 100 25 25 Total 50 Grand Total 150 Review Of Mathematical Background: Sets‚ Functions‚ Logical statements‚ Proofs‚ Relations‚ Languages‚ The Principal of Mathematical induction‚ the strong principle of Mathematical induction‚ Recursive definitions‚ Structural Induction. Regular Languages And Finite Automata: Regular expressions‚ Regular
Premium Software testing Software engineering Unified Modeling Language
Understanding Game Theory 9.3 A Non-Cooperative Game Model of Manager-Investor Conflict 9.3.1 Summary 9.4 Some Models of Cooperative Game Theory 9.4.1 Introduction 9.4.2 Agency Theory: An Employment Contract Between Firm Owner and Manager 9.5 Manager’s Information Advantage 9.5.1 Earnings Management 9.5.2 Controlling Earnings Management 9.6 Discussion and Summary 9.7 Agency Theory: A Bondholder-Manager Lending Contract 9.8 Implications of Agency Theory for Accounting
Premium Game theory
planning) TOPIC: Discuss positive accounting theory and contrast it with normative accounting theory. Provide examples where appropriate. The purpose of this essay is to provide an overview of positive accounting theory (PAT) and highlight how this theory differs to normative accounting theory. Definitions and assumptions of both theories will be considered and examples of the theories will be provided. In addition specific theories related to PAT namely agency and the efficient
Premium Scientific method Theory Hypothesis
Causation of Crime The two theories I chose to compare and contrast are the Trait and Choice theories. These two theories explain why people commit crimes but differ in reasoning. I found that the main difference in between the two is that the choice theory states that if people want to commit a crime they will if the benefits outweighs the punishment. The trait theory differs because it deals with testosterone and whether or not people with lower IQ’s are more liable to commit crimes
Premium Reality Thought Theory
1969(Farrington-Flint 2014 p 77) that responding sensitively and appropriately to the child’s requirement‚ such behaviour appears universal across cultures. Attachment theory provides an explanation of how the parent/child relationship materializes and influences development‚ this is supported by Psychologist Bowlby‚ Harlow‚ Lorenz theories of attachments. Bowlby also suggested a child forms one primary attachment initially‚ acting as a model for all future social relationships towards others‚ peers and
Premium Developmental psychology Childhood Psychology
Introduction After reviewing the theories‚ I have chosen Family System theory to discuss how various factors may impact at different stages in the family lifecycle in a Singapore context. “Family systems theory grew out of the general systems theory‚ a conceptual framework developed in the 1960s by Ludwig von Bertalanffy (1968)‚ and family therapists applied these ideas to marriage and family as a system.” (Olson‚ 2003‚ p.71). He proposed that a system is characterized by the interactions of its
Premium Systems theory Family Family therapy
Attachment Theory The Attachment theory is focused on the relationships and bonds between people‚ particularly long-term relationships including those between a parent and child and between romantic partners. Attachment is an emotional bond to another person. Psychologist John Bowlby (1969‚ 1988) was the first attachment theorist‚ describing attachment as a "lasting psychological connectedness between human beings." Bowlby believed that the earliest bonds formed by children with their caregivers
Premium Attachment theory John Bowlby
THEORY OF CONSTRAINTS The Theory of Constraints (TOC) is a management philosophy where three financial measures of profit‚ return on investment (ROI) and cash flow are presented. All three of these measurements are necessary. First‚ we need an absolute measurement of profit‚ the amount by which revenues exceed expenses. Second‚ we need the relative measurement of ROI that compares the amount of money made relative to the amount invested. Finally‚ we must have enough cash coming in to meet expenses
Premium Theory of Constraints Rate of return