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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Background Dependency Theory developed in the late 1950s under the guidance of the Director of the United Nations Economic Commission for Latin America‚ Raul Prebisch. Prebisch and his colleagues were troubled by the fact that economic growth in the advanced industrialized countries did not necessarily lead to growth in the poorer countries. Indeed‚ their studies suggested that economic activity in the richer countries often led to serious economic problems in the poorer countries. Such a possibility
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1. INTRODUCTION Motivation is an important element in organizational learning due to its ability to enable employees to function effectively. There are several theories of motivation which can be useful to managers in motivating employees of organizations. You may ask yourself what motivation is. Well‚ motivation is that drive you have within you to get something done‚ what drives you to work as much as you do‚ for example‚ a student will want an A in a test‚ he will be motivated to study hard and
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riesORGANISATION THEORIES A Theory is a set of inter related concepts‚ definitions & propositions that present a systematic view of phenomena. It also specifies the relationship among variables with purpose of explaining and predicting the phenomena. “Organization theory refers to the study of the phenomena of organizational functioning and performance and of the behavior of Groups and individuals working in them.” The main theories which seek to study the organization are: * Classical
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Cell Theory In biology‚ cell theory is a scientific theory that describes the properties of cells‚ the basic unit of structure in every living thing. The initial development of the theory‚ during the mid-17th century‚ was made possible by advances in microscopy; the study of cells is called cell biology. Cell theory states that new cells are formed from pre-existing cells‚ and that the cell is a fundamental unit of structure‚ function and organization in all living organisms. It is one of the
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Cost Theory in Economics A central economic concept is that getting something requires giving up something else. For example‚ earning more money may require working more hours‚ which costs more leisure time. Economists use cost theory to provide a framework for understanding how individuals and firms allocate resources in such a way that keeps costs low and benefits high. 1. Function * Economists view costs as what an individual or firm must give up to get something else. Opening a
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Running Head: Leadership Theories 1 Leadership Theories Leadership Models and Theories 2 Leadership Theories According to Daft (2008‚ p.20) leadership typically reflects the larger society‚ and theories have evolved as norms‚ attitudes‚ and understandings in the larger world of change
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Explaining Chaos Theory is not easy. I am merely going to focus to get closer to it and try explaining in my paper the basics of so called ’Chaos Theory’. To do that in financial sence‚of course‚ it might be the best way to try analysing from macro stand point looking at world as a hole‚ looking at the big picture. Science is trying to explain chaos as long as it exists and try to extrapolate the formula for it‚ trying to get the predictions as accurate as possible. Since its inception‚ science
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Expectancy theory proposes that a person will decide to behave or act in a certain way because they are motivated to select a specific behavior over other behaviors due to what they expect the result of that selected behavior will be.[1] In essence‚ the motivation of the behavior selection is determined by the desirability of the outcome. However‚ at the core of the theory is the cognitive process of how an individual processes the different motivational elements. This is done before making the ultimate
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Theories of Motivation Motivation: “The process that account for an individual’s intensity‚ direction‚ and persistence of effort toward attaining a goal.” Motivation is the result of the interaction of the individual and the situation.Individuals differ in their basic motivational drive.The level of motivation varies both between individuals and within individuals at different times. EARLY THEOREIS OF MOTIVATION 1950’s: These three theories are: Hierarchy of needs theory Theories X
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