Investors of asset backed securities (ABSs) are subject to interest rate risk. When interest rates rise‚ the prices of ABS fall‚ and vice versa. The risk of rising interest rate will affect yields because it may influence the pace of prepayments of the underlying loans. This is normally in the case of mortgages consumer asset backed securities. The underlying borrowers of asset backed securities may fail to make interest and principal payments when due and unable to meet other obligation such as
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A. Summary Social Disorganization Theory links crime rates to a neighborhood’s ecological system. Burgess had the idea of concentric zone theory‚ where the town is a series of circles in the shape of an outwardly expansive target. As the city grows‚ each inner ring invades the nearest adjacent ring and triggers a domino effect of invasion‚ domination‚ and succession. Shaw and McKay used Burgess’s model to find a pattern showing delinquents being most concentrated in the inner part of the city‚ and
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The theory of planned behavior’s (TPB) goal is to explain human behavior by linking beliefs and behavior (Ajzen‚ 1991). It is an extension of the theory of reasoned action /c‚ as the theory of reasoned action failed to predict behavior‚ in which people did not have complete control over their decision. The central factor of the TPB is the intention. Intention describes the step between being motivated for something and doing something. Intention has been proven to be a good indicator of actual behavior
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Social Comparisons or comparisons between the self and others are a constant in this world. Relating information to ourselves in regards to achievements and or failures as well as abilities of others are a fundamental psychological mechanism that cannot be stopped. (Dunning Hayes‚ 1996) Festingers’ Social Theory of Comparison was guided by three central questions: Why do people engage in social comparisons? To whom do they compare themselves? How do social comparisons influence the self? (Festinger
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the mental health provider (Burnett‚ Hamel‚ & Long‚ 2004). Cultural values and beliefs of mental health workers‚ filter through the same lens as other people of the mainstream population. According to Bandura and Walters (1963) role experience and social interaction support and aid in patterns of behavior created. Inevitably‚ it appears‚ the personal beliefs can impact how a person behaves in the
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Progressivism started as a social movement and grew into a political movement from the 1890’s to the 1920’s. The early progressives rejected social Darwinism. During the Progressive Era‚ American society was struggling with the growing pains of fast transformations. Not only did the Industrial Revolution change American society‚ but this also happened right after the United States succeeded in removing it from a long and bloody Civil War. Workers started to hate shopping management‚ so they argued
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broadest sense‚ is behavior‚ or a disposition‚ that is forceful‚ hostile or attacking. It may occur either in retaliation or without provocation. In narrower definitions that are used in social sciences and behavioral sciences‚ aggression is an intention to cause harm or an act intended to increase relative social dominance. Predatory or defensive behavior between members of different species may not be considered aggression in the same sense. Aggression can take a variety of forms and can be physical
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regarding crime as a social phenomenon. It includes within its scope the processes of making laws‚ if breaking laws‚ and reacting towards the breaking of laws…. The objective of criminology is the development of a body of general and verified principles and of other types of knowledge regarding this process of law‚ crime‚ and treatment. Sutherland and Cressey’s definition includes some of the most important
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In Danny’s case‚ his social bond‚ mainly his attachment with his family and friends were weak and which allowed him to become friends with the wrong person‚ which lead him to commit crime. Age-graded theory‚ being an extension of the social control theory‚ denies that people are necessarily locked into developmentally distinct pathways‚ such as pro- or antisocial because it emphasizes environmental
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When I want to make sense of my past‚ present‚ and future‚ I consider my life in terms of Erickson’s eight psychosocial stages (as cited in Kail & Cavanaugh‚ 2014‚ p. 10). These stages bring a sense of clarity and order to my journey‚ making it more understandable to my psychology-oriented mind. My white‚ middle-class‚ relatively carefree childhood provided the framework for me to work out my first few life tasks unobstructed. My caregivers met my basic needs for food and affection‚ and I learned
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