Question 1 (5 points) Shareholders of Sparky’s Kerosene Company (SKC) face a variety of risks in holding SKC shares. If SKC purchases fire insurance for their factories‚ their shareholders will face lower Your Answer Score Explanation Systematic/Market Risk. Specific/Idiosyncratic Risk. Correct 5.00 Correct. You have a good intuition for fundamental types of risk. Total 5.00 / 5.00 Question Explanation A fundamental question about different types of risks. Question 2
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John Garcia (born June 12‚ 1917) is an American psychologist‚ most known for his research on taste aversion learning. Garcia studied at the University of California-Berkeley‚ where he received his A.B.‚ M.A.‚ and Ph.D. degrees in 1955 at the age of 38. He was appointed Professor Emeritus at Los Angeles’ University of California‚ though he at other points has also been an Assistant Professor at California State College‚ a Lecturer in the Department of Surgery at Harvard Medical School‚ Professor and
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programs use taste aversion techniques to get patients to quit using drugs. How do these treatment programs use taste aversion to get people to quit? Are they successful? Why or why not? Is it ethical to make someone sick on purpose‚ even if you are trying to help him or her overcome a devastating illness? Why or why not? Taste Aversion is a method that’s links the distaste for a particular thing that causes a bad reaction such as nausea‚ or illness. Treatment programs use taste aversion therapy as
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that all investors prefer more wealth to less : U’(W)>0 – Investors will always seek to maximize their expected utility of wealth. – All investors will use it as their objective function. 3 3-C-Establishing a definition of risk aversion • Utility functions are specific to individuals • Every individual has his own subjective utility function (that embodies his preferences) • It follows that group utility functions‚ such as the utility function of a firm makes no
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Classical Conditioning Paper Psychology of Learning-PSYCH/550 Abstract The purpose of this paper is to examine and discuss classical conditioning. Much of the material has been covered in class discussion questions based on classical conditioning‚ allowing for a greater insight from the group of students providing the research of what classical conditioning is. Classical conditioning is defined as‚ “A process of behavior modification by which a subject comes to respond
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environmental event. 3. What is the Garcia effect? How can the Garcia effect be used? Garcia effect is a conditioned taste aversion. With the Garcia experiments‚ rats were given saccharine – sweetened water‚ causing nausea and illness to the rats. Through the experiments‚ the rats would avoid the taste after being presented with a new taste. Garcia ’s discovery‚ conditioned taste aversion‚ is considered a survival mechanism because it allows an organism to recognize foods that have previously been determined
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it felt as though the sugar water was intensifying. I also noticed that the longer I kept the sugar water in my mouth my taste buds became less sensitive to the sugar. Once I swished the fresh water I realized that adaptation was present. All though I was using fresh water it still seemed as though I had the sugar water in my mouth just a tad bit sugarless. My sense of taste intensified extremely when I swished the sugar water. When you look at the tongue
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Expected Utility Theory and Risk Aversion Seminar Paper 1 Contents S.no. Topic Page No. 1. Acknowledgment 2 2. Introduction 3 3. Is this theory Empirically true? 8 4. 5. How do different people with different levels of risk aversion behave‚ under the EUT? Major Criticism: Coherence of Large & Small Stake gambles 13 16 6. Conclusion 20 7. References 21 2 Acknowledgement I would like to thank Mr. because without
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Tongue Sensitivity and the Sense of Taste There are five senses which people are able to possess; the sense of seeing‚ hearing‚ touching‚ smelling‚ and tasting. The sense of taste may be the weakest of the five senses‚ but it is very important‚ as it helps us to perceive flavors and distinguish what it is we taste. A series of taste buds and nerves in the tongue help by sending messages to the brain which helps us to recognize the taste of food and drinks. Taste buds are located on the tongue as
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Bitter and sour tastes are completely different with one another in description‚ receptor locations‚ studies on twins and siblings‚ and the various tongue taste diseases. Bitter is perceived to be unpleasant‚ sharp‚ or disagreeable. Sourness is detected by the concentration of hydronium ion in the hydrogen ion channels (diffen.com). Fruits such as oranges‚ grapes‚ lemons‚ etc. contain a sour taste‚ while bitter tasting foods are coffee‚ beer‚ and citrus peels. Bitter is detected by the taste buds at the
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