102 Critical Thinking and Ignorance Professor Ramos Blog

102 Critical Thinking and Ignorance What is Critical Thinking? Quick Write What is critical thinking? Write for two minutes. What is Critical Thinking? Quality of Thinking, Quality of Life 30 Days to Better Thinking and Better Living Through Critical Thinking Critical thinking, in a rich sense of the term, is self-guided disciplined thought that attempts to reason at the highest level of quality in a fairminded way. From our textbook. Critical comes from the Greek word  krinein, meaning â€Å"to separate, to choose†; above all, it implies  conscious  inquiry (4). Conscious also means to be awake or aware. This suggests that by examining our reasoning, we can understand the basis of our judgments and decisions – ultimately, so that we can make better ones. According to Google: Critical Thinking – the objective analysis and evaluation of an issue in order to form a judgment. Critical Thinking According to our textbook, to think critically, you must question not only the beliefs and assumptions of others, but also one’s own beliefs and assumptions (5). Identify important problems. Explore relevant issues. Evaluate available evidence. Consider the implications of the decisions. Critical thinking is NOT collecting information to support established conclusion. Survey, considering as many perspectives as possible. Analyze, identifying and then separating out the parts of the problem. Evaluate, judging the merit of various ideas, claims, and evidence. Why is it important? Texas GOP wants to get rid of critical thinking.   Ignorance According to our textbook, to think critically, you must question not only the beliefs and assumptions of others, but also one’s own beliefs and assumptions (5). â€Å"Most of us assume whatever we believe to be â€Å"right.† Though we were taught much of what we believe before we could critically analyze our beliefs, we nevertheless defend out beliefs as  the truth† (Elder and Paul). Vocabulary Ignorance  Ã¢â‚¬â€œÃ‚  lack of knowledge or information. Intellectual Arrogance  Ã¢â‚¬â€œ the tendency to confidently assert as true what you do not in fact know to be true. Intellectual Humility  Ã¢â‚¬â€œÃ‚  awareness of the extent of your ignorance. People with a high degree of intellectual humility understand that there is far more that they will  never  know that they will  ever  know (Elder and Paul). Acknowledge that you may be wrong, until you find sufficient evidence to prove your belief. Notice when you argue if you are justifying your beliefs. Do you have evidence? Question your beliefs, especially religious, cultural, or political. Research from multiple perspectives. Explore new beliefs. Weekly Journals Every week, you will locate an article, news report, social media post, or related in some way to the class discussion or readings.   First, summarize the text, explaining how you are understanding what they are saying. Second, respond to the article using the skills we will be working on in class. About 250 words. Reply to the post on the blog or type and print it out to hand in by Monday 2BR02B Solution The proposal asks that we define a problem and come up with a solution that we can implement to the problem. It is important in critical thinking to think thought the decisions. If you come up with a solution, you have to think of the implications it will have. Will it lead to problems in the future? While we may not be able to predict with certainty if it will cause problems, we can think through it and anticipate some possible negative outcomes. Kurt  Vonnegut 2BR02B Homework Read Chapter 1, Critical Thinking

Definition and Examples of Cooperative Overlap

Definition and Examples of Cooperative Overlap In conversation analysis, the term cooperative overlap refers to a face-to-face interaction in which one speaker talks at the same time as another speaker to demonstrate an interest in the conversation. In contrast, an interruptive overlap is a competitive strategy in which one of the speakers attempts to dominate the conversation. The term cooperative overlap was introduced by sociolinguist Deborah Tannen in her book Conversational Style: Analyzing Talk Among Friends (1984). Examples and Observations [Patrick] had to wait another five minutes or so before his wife remembered he was there. The two women were  talking at the same time, asking and answering their own questions. They created a whirlwind of happy chaos.(Julie Garwood, The Secret. Penguin, 1992)Mama sat with Mama Pellegrini, the two of them talking so rapidly that their words and  sentences overlapped  completely. Anna wondered, as she listened from the parlor, how they could understand what each was saying. But they laughed at the same time and raised or lowered their voices at the same time.(Ed Ifkovic,  A Girl Holding Lilacs. Writers Club Press, 2002) Tannen on High Involvement Style One of the most striking aspects of high involvement style that I found and analyzed in detail was the use of what I called cooperative overlap: a listener talking along with a speaker not in order to interrupt but to show enthusiastic listenership and participation. The concept of overlap versus interruption became one of the cornerstones of my argument that the stereotype of New York Jews as pushy and aggressive is an unfortunate reflection of the effect of high involvement style in conversation with speakers who use a different style. (In my study I called the other style high considerateness).(Deborah Tannen, Gender and Discourse. Oxford University Press, 1994) Cooperation or Interruption? Cooperative overlap occurs when one interlocutor is showing her enthusiastic support and agreement with another. Cooperative overlap occurs when the speakers view silence between turns as impolite or as a sign of a lack of rapport. While an overlap may be construed as cooperative in a conversation between two friends, it may be construed as an interruption when between boss and employee. Overlaps and interrogative have different meanings depending on the speakers ethnicity, gender, and relative status differences. For example, when a teacher, a person of higher status, overlaps with her student, a person of lower status, typically the overlap is interpreted as an interruption.(Pamela Saunders, Gossip in an Older Womens Support Group: A Linguistic Analysis. Language and Communication in Old Age: Multidisciplinary Perspectives, ed. by Heidi E. Hamilton. Taylor Francis, 1999) Different Cultural Perceptions of Cooperative Overlap [T]he two-way nature of cross-cultural differences typically eludes participants in the throes of conversation. A speaker who stops talking because another has begun is unlikely to think, I guess we have different attitudes toward cooperative overlap. Instead, such a speaker will probably think, You are not interested in hearing what I have to say, or even You are a boor who only wants to hear yourself talk. And the cooperative overlapper is probably concluding, You are unfriendly and are making me do all the conversational work here... (Deborah Tannen, Language and Culture, in An Introduction to Language and Linguistics, ed. by R. W. Fasold and J. Connor-Linton. Cambridge University Press, 2000)

The Effects of Multimedia on Cultural Change in the Kingdom of Saudi Research Proposal

The Effects of Multimedia on Cultural Change in the Kingdom of Saudi Arabia - Research Proposal Example The native language of the Kingdom of Saudi Arabia is Arabic, and is thus, the primary medium of oral and written communication. The Arabic language also â€Å"reflects and preserves the culture and customs of the desert society of Arabia that evolved long before the introduction of Islam† (Long, 2005, p. 82). Long (2005) maintained that Arabic is more than a liturgical language, but a living language echoing the culture of its people, then and now. Kendall (2011), however, believes that generally, cultures do not remain static. Forces are constantly at work which results either in gradual or abrupt cultural changes. There is reason to believe that like other cultures of the world, Saudi Arabia may not be immune to cultural changes. The computer and the Internet are believed to be responsible for the popularity of multimedia among people globally. Such popularity is believed to be a significant influence on how multimedia changes the lives of people in any society. Even Saudi Arabia, which according to Cordesman (2009) is generally regarded as a very conservative society then and now, did not remain unaffected by the changes brought about by multimedia. Based on a number of information technology statistics, Saudi Arabia posted 11.4 million Internet users from a population of 26,131,703, for an approximate Internet penetration of 43.6%. As of March, 2011, there are 4,092,600 Facebook accounts by Saudi Arabian nationals. Saudi Arabia posted higher Internet penetration rate than seven other Middle East nations, namely: Iran (42.6%); Kuwait (42.6%); Jordan (26.8%); Lebanon (26.4%); Syria (19.8%); Yemen (9.7%) and Iraq (1.1%) (Internet World Stats, 2011). Aims of the Proposed Study The study is being proposed to examine how multimedia has influenced cultural change in the Kingdom, aided by the computer and the Internet. Specifically, the aims of the study are: (1) describe the profile of the respondents in terms of gender, age, educational attainment, occupa tion and place of residence: (2) identify the types of multimedia equipment the respondents consider as indispensable for their activities at home in the office and in school: (3) measure the extent to which different forms of multimedia affect the people of Saudi Arabia as social beings; (4) explain how the culture of Saudi Arabia changed as a result of the introduction of various forms of multimedia and assess whether the respondents are amenable to these cultural changes; (5) describe how multimedia have an effect in the cultural changes which has occurred in Saudi Arabia in the last decade; (6) verify significant differences in the perspective of the respondents about the cultural changes when they are grouped according to the profile variables considered in the study. Methodology The study will involve 385 respondents selected using a web-based sample size calculator based on the following parameters: (1) a margin of error of 5%; (2) a confidence level of 95%; (3) a population size of 26,131,703; and (4) a response distribution of 50% (Raosoft, 2004). Respondents will be selected using purposive sampling. A survey questionnaire will serve as the main data gathering instrument. The questionnaire will be pilot tested among 20 respondents and the same will be subjected to content and face validation and reliability analysis. Data gathering will be carried out using a technology-mediated questionnaire

IMAX Report Essay Example | Topics and Well Written Essays - 2000 words

IMAX Report - Essay Example These two people to help address the need for the business expansion of the company helped in making the company public so as to draw huge funds from outside. The two new owners to help address the need for market expansion of the company took resort to different strategies like changing the ambience of the IMAX theatres to be like that of the multiplexes and presenting films which would be different from the standardised ones. This strategy caught the attention of a niche crowd who were found visiting such theatres frequently. IMAX helped in developing the concept of showing cinemas in halls which would be in-built in buildings containing auditoriums, museums and other such public arenas. Herein the issue of dip in market capitalisation figures from $196 million during 1994 to $125 million during 2008 came out to be a matter of serious concern for the owners. The company apart from earning revenues from filming movies also created a revenue channel based on leasing of movie equipmen ts and other distribution activities (IVEY, 2009, p.1-3). Analysis of the Environment The analysis of the external environment of IMAX is conducted based on strategic tools like PESTEL, Porter’s Five Forces Model and also the understanding of the life cycle of the film industry in United States. PESTEL Analysis The PESTEL Analysis would help reveal the external environment of IMAX based on the region of United States and would focus on political, economical, social, technological, environmental and legal aspects. Political Factors The film industry of United States depicts an internal political climate wherein several film producers like Walt Disney, Pixar, Warner Bros. and others are found to have created a lobby for them thus obstructing the entry of new firms. Further the Motion Picture Export Association (MPEA) in United States is found to render controlling measures upon the several factors pertaining to price levels and other distribution activities of the films pro duced by the industry to other foreign markets. This body also supports the lobbying activities of the film producing companies in United States (Wasko, 2003, p.180-181). Economic Factors The region of United States reflected a growing market for the growth of films. Thus during the period of 2007 around 603 films were found to be released which countered a huge revenue growth of around $9.6 billion. However the prices of the films demanded a standardisation to help attract larger number of viewers to the hall and thus took resort to large volumes of commercial advertising (IVEY, 2009, p.10-11). Social Factors Several social factors in the region of United States also impacted the type of cinemas which would be shown to the general public. It is found that the cinemas were considered in the American society as a medium for educating and entertaining children. Thus cinemas are increasingly being considered as the mediums for developing the American knowledge base. Further the existen ce of Latin American base is also found to largely impact the production of films in the region (IVEY, 2009, p.10; Sutherland and Feltey, 2009, p.102-103). Technological Factors Development of cinema technology in United States using high definition features in DVD recorders and the extensive use of internet and other camcorders to distribute the cinemas

My First Day Essay Essay Example for Free

My First Day Essay Essay My First Day†¦ As of today, August 30th, I, Blah blah blah, took the initiative to explore the entire campus. Today, the temperature could have possibly been right at about 93 degrees, and I decided to walk around this gigantic campus to waste time before my next class. During orientation week, I missed the campus tours because I was too busy sleeping my day away. So, what other way to compensate for lost time than to take my very own campus tour? Initially, I intended to look for the art buildings, but the best thing I discovered after my journey today happened to be the fact that the art buildings were being reconstructed. Just my luck. However, I did find the Knight Physics building which happens to be absolutely gorgeous. I also happened to stumble across the school’s arbortorium. I felt like I was walking through a jungle with my combat boots on and the leaves hovering above my head. I walked around in a circle and found my way to the school of law. The school of law is literally like its own kingdom within the campus. The students had their own law shirts, and the windows of the classroom even had curtains to block the sun out. I know curtains are a pretty simplistic observation, but I could not help but to find that fascinating! I have failed to sit in any classroom that had panels to block the sun. Only in the law school at the University of . As I walked away from the law school, I made my way towards the UC area and back around towards the Rat. Passing the vivacious students lounging with their friends, I hiked around the lake under the scorching sun wishing that I had a bottle of water, a hat, and maybe even some sun glasses. The heat was pretty unbearable. Passing between the Hecht and Stanford towers, I ventured towards the school of architecture. That is one white building. I expected it to be more lavish in its exterior design seeing that it is the school of architecture. I walked past the school of architecture and head back towards Mahoney-Pearson. I know that area pretty well. is my new home for now. As I left the Mahoney-Pearson area, I circled around towards the UC area again and crossed the winding paths towards the Whitten Learning Center. There was approximately 10 minutes left to spare before class started, and the brightest idea that I came up with all day was†¦ to finally sit down!

Life is But a Stage... :: Personal Narrative Essay Example

Life is But a Stage... Â   This fall I performed the role of Stage Manager in the local high school production of Thornton Wilder's Our Town. Our director didn't cast the role as the traditional lead, white male that most productions use; we cut the role into two female parts of different race. Without the traditional portrayal to fall back on, we had to create our characters from scratch. The thought crossed my mind a few times that my character didn't really have a name. Certain names remind you of stereotypes, and based on a name you can make some easy, general choices on how to portray that character. Mindy is a ditz, Christine can easily be a nerd, and Irma can make a nice old maid. That name association gives you a point to start from, after which you can explore other things. But where on earth do you start with a name like Stage? Â   I formed an image of a guy wearing dirty overalls, walking barefoot and playing guitar outside his cabin in the woods. He liked to philosophize about the world, and found that a little Bailey's in his coffee made that world slightly clearer. He didn't need people around and didn't completely understand them -- or maybe he did, and just got frustrated because they didn't understand themselves. He usually walked with his hands in his pockets, looking either up at the trees or down at the ground, but never focused at eye level. Somewhere in the process I adopted a feminine perspective on my character, very much a tomboy but also very much a woman. Â   At two points in the show I took on other roles. . . in Act Two I played the minister at the wedding, which was a background character and not very distinct. Then, with fairly short notice I took on the role of Joe the undertaker in Act Three. I learned the blocking and the lines quickly, but my problem was that I had to change into Joe right on-stage, and just after my favorite Stage Manager speech. I decided to use a few simple physical traits to help get into character. First I buttoned my shirt, which in three seconds was the only thing I could think of to give the audience some clue that I was changing identities. I developed a squint, changed the tone of my voice, and I gave Joe a limp by keeping my left knee locked.

Irp Lost and Found

In the story Lost and Found by Anne Scarf, There were many minor conflicts, but two major conflicts. The decisions the girls made to resolve the major conflicts lead to retaliation. One major conflict in the story was that Jamie, a 14 year old middle- school student, was dating a boy named Bobby Wallace, a high-school student, who wasn't a boy anyone would recommend talking to. Game's older sister, Dairy (who was also a high school student) tried to convince her younger sister that she wouldn't be socializing with him.The second major problem was the girl's father left them for 5 years, and now decides he wants to be a part of their lives. In the story, the youngest sister ran away because she was overwhelmed. They had no clue where she was, that's pretty much why I chose to make a missing persons t-shirt. When someone is missing, wearing t-shirts is a way good way to inform others that someone is missing. I added the books descriptions to describe Jamie and tried to raw a picture of how Jamie might look.In the story her father thought to look under a tree, which was where they found her. It was the last place she was happy. In all actuality, people don't think to look under a tree to find you, so I think the t-shirt idea would be useful. People evaluate your clothes every day and in real life, people wear t-shirt when someone is missing, or when someone dies. It catches other people attention and encourages them to help look.

How Risky is Risk

â€Å"The human understanding, once it has adopted an opinion , collects any instance that confirm it, and though the contrary instances may be more numerous and more weightily, it either does not notice them or else rejects them, in order that this opinion will remain unshaken. † Francis Bacon, 1620. Risk is a very interesting thing; people normally tend not to realize the real effect that risk takes in their lives.There are many kinds of risk, we want to focus on studying the financial risk, the perception of it, the effect that it has on the private banking behavior, their clients, and how they would be treated, the effect that it has on decision making, and the effect that it has o behavioral finance. Because when you start talking about behavioral finance you need to try to understand what risk represents and all of the effects it has. During this article we want to show why over 10% return margins shouldn't be viewed as something risky, but as something worth analyzing. Because in this times people are going to need over 10% margins if they still want to be making profits out of their investments. And once people understand what risk represents, what it represents ND all of its effects, they can start analyzing what they want and need out of their investments. And once they understand that, they are going to do anything to accomplish it, because as it is said in the quote at the beginning once the human understanding acquires a goal and an opinion on how to get to the goal, he will do anything to end up successfully. . Risk Risk by definition, is the potential of gaining something of value, weighed against losing something of value but, The term â€Å"risk†, means financial risk or uncertainty of financial loss† (Raglan, 2003). After using these terms for the purpose of this paper e will divide the study of risk into 3 parts: types of financial risk, the ways to measure IR and perception of risk. 2. 1 Types of risk There are many types of risk; we are going to focus on 5: credit risk, market risk, operational risk, regulatory risk, environmental risk.All of these are top priorities for banks to analyze throughout the operational process. Credit risk, is the potential that a borrower fails to meet his obligations on the terms that were agreed. There are 2 key components on defining credit risk, quantity of risk and the probability of default. The banking system manages credit risk using exposure ceilings, review renewal, risk rating, risk based in scientific pricing and portfolio management. Market risk is the possibility of loss caused by changes in market variables, it sums up to four components.Liquidity risk, this is divided into funding risk, time risk and call risk. Interest rate risk, which is the potential of negative impact coming from changes in rates. Foreign exchange risk and country risk. Operational risk: Human error risk. Regulatory risk: The risk implied by the government ‘s ability to make n ew laws and modify regulation. . 2 Wars to measure risk There are several methods to measure risk, we will be focusing on the most common ones and the ones that are better suited for Hedge Funds. Vary is used to quantify the exposure to the market risk, using standard statistics techniques.It measures the minimum expected loss that a firm may suffer under normal circumstances, over a set time period at a desired level of significance. One of the biggest setbacks with Vary is that it's useless in times of booms and crisis as it doesn't prevent you from being part of them. Another big problem with Vary is that it is one of the most moon risk measures and people tend to trust it too much without hesitation. (CITE) Standard deviation is a measure of dispersion of a set of data from its average. It is usually applied to the annual rate of return of an investment to measure the investment ‘s volatility. CITE) After taking a look at these 2 methods that are the most commonly used, we will be talking about the ones more suitable for the Hedge Fund industry, which are the following: Seminarian's or downside deviation is the average of the squared deviation of values that are less than the mean or a â€Å"minimum acceptable return†. This method is similar to variance, the difference between the two is that seminarian's focuses only on the negative fluctuations of the asset neutralizing all the values above the mean. This method primarily provides the estimate of loss that a portfolio could incur, keeping the estimated risk realistic. CITE) Kurtosis is a statistical measure used to describe the distribution of observed data used around the mesas. Kurtosis is also known as the measurement for the volatility of volatility. Its main purpose is to describe the trends in charts. Keenness describes asymmetry from the normal distribution in a set of statistical data. Keenness can come in the form of â€Å"negative keenness† or â€Å"positive keenness† , depending on whether data points are skewed to the left (negative skew) or to the right (positive skew) of the data average. CITE) After analyzing these methods, we can conclude that for a Hedge Fund and especially for clients investing in these it is better to use the seminarian's, kurtosis and keenness methods to analyze the risk of an investment. These three focus more on the downside risk of the portfolio instead of using the Vary that is only good on stable periods and doesn't account for drastic mimes, besides standard deviation and variance can be very deceiving in the context of analyzing the real risk that a portfolio can have focusing also on outlying positive returns. 3.Private banking What we want to analyze is the way private banks operate and especially how clients needs are met, how they are treated, how their money gets almost frozen with interest rates that barely covers their money from the effect of inflation, and how private banks earn a lot of money while clie nts barely earn real returns. Banks offer annulled returns between 3 and 5 percent which is usually not enough to meet paving expenses or inflation for the wealthy clients. An American study showed the following: â€Å"Americans said they need to earn average annual gains of 9. Percent above inflation to make their financial needs. Natives officials noted that inflation since 1964 has averaged 4. 2 percent annually, which means the average American has to generate 14 percent to meet their needs. â€Å"fee,2014) having this in mind clients can realize that they need to expect a bigger profit on their investments because they are actually losing money, their money is losing value and the only way f stopping this from happening is by demanding higher returns using alternative investments. High returns while taking minimal risk is a pipe dream; if asset growth is your priority, taking risk is crucial† Oaf,2014), and that is why clients need to be sure that risk is being managed in the most efficient manner. 3. 1 Clients The most important part of any financial institution are the clients, and most important thing about them is recognizing that every client is different and every client has different needs. Every client has to be treated differently to help them meet his/her goals. As the investigation of Dry.Rene Fischer and his team in the book â€Å"Wealth Management in new Realities†, â€Å"we identify 7 engagements that are shaping client behavior and needs† (Fischer, De Conge, OK, Topper, 2013), with this in mind we will take a look at those seven trends to give clients the best service possible while maintaining a steady margin of returns. Engagement one: Changing demographics. The population is growing and also the markets, clients need security and information that their money is secure and generating profit.Engagement two: Globalization and future markets. With the Gap's of various developing countries rowing at a fast pace, clients are starting to look at investing in new markets. Engagement three: Scarce resources and climate change. Global awareness is growing for environmental issues that can create new opportunities in clean energies, and a new set of investments in ecological matters for clients. Engagement four: Economic crises and insecurities. With the volatility of the market, clients are starting to be insecure about their money.It is the financial institution ‘s Job to keep clients informed about the situation their money is in, and make them feel safe that their money is in good hands. Engagement five: Dynamic technology and innovation. With all the changes in information technologies, â€Å"more and more people are getting connected and are sharing information on the go' (Fischer, De Conge, OK, Topper, 2013), this makes clients better informed and more aware about what is happening to their money.Engagement six: Sharing global interest responsibility. With the shift towards global cooperati on and MONGO ‘s gaining power, clients are demanding socially responsible investments. Engagement seven: Global knowledge society. This trend goes hand in hand with trend number five, with new technologies of information, society has easier access to new information and the tools to know what is happening.With all these trends happening, clients want to be more informed and still get the same yield, but with the misinformation, manipulation and misunderstood promises from the monetary agents, the clients think that having their money working to win Just a little over inflation Just to avoid losing money might be wrong, because with the globalize economy that we have this days studies that are being made all around the world can be generalized, so if something is happening in Europe you could assume that something similar is happening morpheme else.So with this in mind after taking a look in some studies made in India we saw that the inflation is not the same for every social c lass and that the general inflation that everyone takes for granted does really have much effect on the middle and high class, because it is made out from an average of items that don't really affect does two classes, and we are focusing on them because they are the ones that are clients of the financial institutions, and the prices of the items that they acquire are going up stronger that the regular inflation, so that is why they are not retorted with the interest rates that they receive, and they are in fact losing money which is the one thing that they were trying to avoid. 4. Behavioral finance There are many factors involved in the process of understanding behavioral finance.To understand this you have to start with risk perception, understanding why people tend to make certain decisions, and after that study the behavioral biases investors exhibit to see what drives the intuition of most individuals. Behavioral finance can help a financial institution prevent certain human fa ctors that can be mitigated at the mime of making decisions and preventing psychological factors to play an important role in the decision making process. 4. 1 Risk perception Risk perception is one of the most important elements of psychological effect on the market. Trying to understand why people tend to make certain decisions at certain times is one of the biggest questions in this matter.Many investigations have been made about the subject, one that stood out was: â€Å"The Psychological Impact of Booms and Busts on Risk Preferences in Financial Professionals† by Cohn, Fear and Marcella. During this experiment they decided to manipulate two different kinds of lotteries giving different options in different controlled markets. Their final conclusion was that there will always be a psychological/emotional factor that can't be measured with precision but you can be sure that during times of booms people tend to be overly optimistic and risk is not their biggest concern, and during times of busts people usually tend to be overly conservative and almost allergic to risk.This can be obvious in both cases as it is when biases come into play. This is why risk can be a risky thing when you are not certain that is being measured the right way. If the risk is being measured correctly, psychological factors shouldn't have any weight in the decision making process. 4. 2 Behavioral bias Behavioral biases in finance are tendencies to act in a certain way; they can lead someone to a systematic deviation from a standard of rationality or good Judgment. Five biases that we believe can be the most common ones in an investor are the following: 1. – Confirmation bias is the tendency that makes people believe in information only if confirms their beliefs and hypothesis. 2.Optimism bias is the tendency to think that you are less at risk of experiencing a negative event than others. 3. – Loss aversion bias is the tendency that agents take on when they prefer the option of avoiding a loss than the option of acquiring gains. 4. – Self-serving bias is the tendency to distort a process because of the need to maintain and enhance once self-esteem. 5. – Planning fallacy bias is the tendency to underestimate the time that it will take to complete a task. These are only some of the behavioral biases that play a significant factor in the psychological process of making decisions. It has to be taken into account that all of them could affect an investor 5.Conclusion â€Å"The human brain has evolved to be very efficient at pattern recognition, but as the confirmation bias shows, we are focused on finding and confirming patterns rather than minimizing our false conclusions. Yet we needn't be pessimist, for it is possible to overcome our prejudices. It is a start simply to realize that chance events, too, produce patterns. It is another great step if we learn to question our perceptions and our theories. Finally, we should learn to spend as much time looking for evidence that e are wrong as we spend searching for reasons we are correct. † (Millions, 2008). After looking at previous evidence, it is clear that both Private Bankers and Clients have a misconception about risk.Behavioral biases transform risk into fear which if not mitigated by Private Bankers leads to inefficient allocation in Client's portfolios, and a controlling position in their relationship. This is why Bankers usually oversee those investments that they are not familiar with and reject them or cause Clients to reject them without studying their process and risk/reward ratio. This is the case with vast majority of Alternative Investments. We encourage Clients to keep a critical point of view with regards to their portfolios and continuously question their Banker's recommendations. By being involved in their investment decisions and being up to date on current market trends Clients will have a correct attitude towards risk when it comes to investing.

Mole Relations in Balanced Equations Example Problems

Mole Relations in Balanced Equations Example Problems These are worked chemistry problems showing how to calculate the number of moles of reactants or products in a balanced chemical equation. Mole Relations Problem #1 Determine the number of moles of N2O4 needed to react completely with 3.62 mol of N2H4 for the reaction 2 N2H4(l) N2O4(l) → 3 N2(g) 4 H2O(l). How to Solve the Problem The first step is to check to see that the chemical equation is balanced. Make sure the number of atoms of each element are the same on both sides of the equation. Remember to multiply the coefficient by all atoms following it. The coefficient is the number in front of a chemical formula. Multiply each subscript only by the atom right before it. The subscripts are the lower numbers found immediately following an atom. Once you verify the equation is balanced, you can establish the relationship between the number of moles of reactants and products. Find the relation between moles of N2H4 and N2O4 by using the coefficients of the balanced equation: 2 mol N2H4 is proportional to 1 mol N2O4 Therefore, the conversion factor is 1 mol N2O4/2 mol N2H4: moles N2O4 3.62 mol N2H4 x 1 mol N2O4/2 mol N2H4 moles N2O4 1.81 mol N2O4 Answer 1.81 mol N2O4 Mole Relations Problem #2 Determine the number of moles of N2 produced for the reaction 2 N2H4(l) N2O4(l) → 3 N2(g) 4 H2O(l) when the reaction begins with 1.24 moles of N2H4. Solution This chemical equation is balanced, so the molar ratio of reactants and products may be used. Find the relation between moles of N2H4 and N2 by using the coefficients of the balanced equation: 2 mol N2H4 is proportional to 3 mol N2 In this case, we want to go from moles of N2H4 to moles of N2, so the conversion factor is 3 mol N2/2 mol N2H4: moles N2 1.24 mol N2H4 x 3 mol N2/2 mol N2H4 moles N2 1.86 mol N2O4 Answer 1.86 mol N2 Tips for Success The keys to getting the correct answer are: Make sure the chemical equation is balanced.Use the coefficients in front of compounds to get molar ratios.Check to make sure you use the appropriate number of significant figures for atomic masses and report mass using the correct number of figures.

The Other N-Words

The Other N-Words The Other N-Words The Other N-Words By Mark Nichol My recent post about terms for ethnic groups prompted a note from a site visitor proposing that I write about taboo words. I was not niggardly in my gratitude to the correspondent for his suggestion. Did your eyes just pop out when you read the fourth word in that last sentence? Unlikely, because most DailyWritingTips.com visitors know that niggardly has nothing to do with a similar-sounding offensive term for black people. But many people persist in thinking it does. In the late 1990s, an employee of the Washington, DC, mayor’s office resigned in the aftermath of his innocent use of the word, and a few years later, a schoolteacher came under fire when she included the term in a vocabulary lesson. Another person has noted that he avoids using the word renege around black people, even though it has nothing to do with the derogatory word nigger, derived from Negro. Nor does niggling, but some people argue that such near homophones should be tossed from the word-hoard because somebody, somewhere might be offended. Nitty-gritty, part of the idiomatic expression â€Å"get down to the nitty-gritty,† is a hoary word (oops perhaps I shouldn’t have used that adjective), but it’s also evocative. Unfortunately, some people believe erroneously that it originally referred to the excretory debris left in a slave ship after the cargo had been removed. Evidently, nitty-gritty was in fact originally a synonym for an adjective that rhymes with its component words, but now it is merely synonymous to business in â€Å"get down to business.† What about the original n-word? Did you flinch when I used it above? How dare I type the actual word! Well, it’s in the dictionary, for one thing, and I have a valid reason to use it in this dispassionate, scholarly context. (But I admit I’d hesitate to use it in front of one or more black people, even if I were reading this post aloud in a group setting.) Should nigger be allowed in print or online? It’s absurd to dodge it in a neutral context such as a post about usage. How about in literature? Mark Twain used it in Huckleberry Finn to further identify the fugitive slave Jim. Doing so was proper in the historical context of that work, and no one can deny that Twain considered Jim one of his most admirable characters. And anyone who refrains from using it in a valid literary context in a novel about young inner-city blacks who blithely bandy it about, for instance is self-censoring. The word is, admittedly, broadly unacceptable in written and spoken discourse. But should I be prohibited from using it in an essay about derogatory or allegedly derogatory language? Should it be stricken from reprints of Huckleberry Finn, and excuse the expression blacked out in all existing copies? Should a book about the ’hood omit it? The word is used countless times every day all over the United States. Most writers and speakers are justified in using it because they are black, and they’re taking it back, or because it’s being used in a valid context. Others, racists who use it to denigrate an ethnic group, are also justified because they are exercising a constitutional right to free speech, but that doesn’t mean I like it. Do we even have a right, if we’re not black, to decide whether to use it? It has eminently painful associations for black people, regardless of whether it has been used against them as a weapon. For that reason, I’m sensitive enough to use it only in this type of context. But I won’t refrain from using it as such, and I certainly won’t avoid writing or saying niggardly or niggling under any circumstances. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:Fly, Flew, (has) FlownFlied?Taser or Tazer? Tazing or Tasering?35 Synonyms for Rain and Snow

Answer questions from provided book and information Research Paper

Answer questions from provided book and information - Research Paper Example analyses, identifying the firm’s competitive advantage, designing a competitive strategy, and designing an organizational structure that fits the strategy (Spulber, 2009). The strategy process in Scenario 1 could change in terms of it being a new entrant as an entrepreneurial set-up; as contrasted with Scenario 2 where the firm manifests a rapidly growing trend. As such, goal setting is still the paramount concern for Scenario 1 while it could be deduced that under Scenario 2, the new head of a division, previously set goals are assumed to be clearly set and the relevant steps to consider in strategy management are steps 2 to 5 to determine whether there is a need to revise or redesign competitive strategy in view of changing external factors and internal resources. As a manager, goal setting must be designed in a most appropriate and effective manner which integrates the abilities of the organization with the opportunities posed in the market. As such, there should be an overall organizational goal that is clearly designed and communicated; not a series of different types of goals which could confuse stakeholders in determining which to achieve. The process of external and internal analyses for Scenario 1 and Scenario 2 would be different; since Scenario 1 is a start-up corporation with no historical information regarding external factors that impact its operations; nor any internal resources yet that define the organization’s strengths or weaknesses. For Scenario 2, historical information abounds and therefore, the extent and comprehensiveness of external and internal analyses would be greater and more challenging. Again, for the analysis of competitive advantage and competitive strategy, the two companies would differ in terms of availability of historical information. For Scenario 1, the company is still in the goal setting stage and therefore identification of its competitive advantage and strategy would be premised on what it perceives it could do to

Identify the principal powers available to the courts in England & Essay

Identify the principal powers available to the courts in England & Wales in connection with statutory interpretation. How does t - Essay Example One system of employment tribunals that works for England, Wales, and Scotland also exists. In both England and Wales, the house of lords handles matters of highest appeals. In such cases, only the law lords are charged with the responsibility of proceeding over these cases. The Supreme Court judicature act 1873 however abolished this. This was done through the elections where the parliament passed the bill to have the Supreme Court in place. However, an amendment preserving the judicial function of the House of Lords was passed. The court was then used to handle impeachment cases in England, even though nowadays they are considered Magistrate court refers to the lower courts in which all criminal proceedings begin. Certain civil issues can also be decided in these courts, these include family matters (Probert, 2011). These courts have been meant in such a way that they can deliver justice in a swift and simple mean. In England and Wales, there are many magistrates’ courts; th e number is approximate to be over 360. The jurisdiction of these courts lays o the various powers that the legal system gives them. Offences especially those termed as summary offences are often considered small offences and are thus punishable under the powers of magistrates’ limited courts. ... Indictable offences may include rape, murder, and robbery among others. The cases here are heard by the judges at district judge in the magistrate or by three bench magistrate. The magistrate courts have no jury. The police undertake the investigation of these cases and then the prosecution is done accordingly. Defendant can chose to hire to solicitor to represent them in court. This is often catered by the state. Jurisdiction and sentencing powers of the courts In regards to issues related to criminology, the magistrate courts also used to be referred to as police courts both in England and Wales were put in place to deal with little offences at a speedy manner. Nearly all the criminal cases begin and stop at this point. Serious crimes are often taken to crown courts. It is approximated that 95% of many cases are handed at this point. Least serious criminal offences like driving cases, criminal damage of minimal damage, drug possession, vandalism, and criminal damages. All these are dealt with at summery proceedings in the magistrate court. In such cases, the defendants lack the right to jury trial and they have no formal indictment (Miller & Jentz, 2011). The verdict lies in the hands of the magistrates and judges at the courts. Sentencing powers in the magistrate courts have certain limitations. There are certain offences that have their limitations. For instance, they are capable of inflicting fines up to five thousand US dollars and can pass an imprisonment sentence. When the magnitudes of offences are big, the limitation is often raised. This means that such cases can attract high fines of up to over $ 50, 0000. There are certain cases like driving offences where the driver can be penalized by being disqualified from driving for some time. Such cases