Slide - Editorial Express
... • A conscripted soldier’s military pay does not reflect his or her opportunity cost because the occupation was not chosen voluntarily. A voluntary force, while costing more compensation to attract volunteers, costs less in real terms because it attracts people with lower opportunity costs than consc ...
... • A conscripted soldier’s military pay does not reflect his or her opportunity cost because the occupation was not chosen voluntarily. A voluntary force, while costing more compensation to attract volunteers, costs less in real terms because it attracts people with lower opportunity costs than consc ...
Philosophy of Economics
... From Nassau Senior and John Stuart Mill in the 1830s to Lionel Robbins in the 1930s, there was a dominant conception amongst practicing economists about the structure and justification of economic theory. One idea was that the premises or postulates (later to be called ‘assumptions’) of economic the ...
... From Nassau Senior and John Stuart Mill in the 1830s to Lionel Robbins in the 1930s, there was a dominant conception amongst practicing economists about the structure and justification of economic theory. One idea was that the premises or postulates (later to be called ‘assumptions’) of economic the ...
Chapter 1 What Is Economics? 1) All economic questions are about
... 7) Scarcity is a situation in which A) people cannot satisfy all their wants. B) most people can get only bare necessities. C) people can satisfy all their wants. D) some people can get all they want and some cannot. 8) Scarcity arises from A) inefficient production. B) exploration. C) limited reso ...
... 7) Scarcity is a situation in which A) people cannot satisfy all their wants. B) most people can get only bare necessities. C) people can satisfy all their wants. D) some people can get all they want and some cannot. 8) Scarcity arises from A) inefficient production. B) exploration. C) limited reso ...
Lecture 2: Economics and Economic Evaluation
... • Market analysis considers all costs and all benefits when externalities are included – So, a societal perspective economic evaluation should consider all costs and all benefits ...
... • Market analysis considers all costs and all benefits when externalities are included – So, a societal perspective economic evaluation should consider all costs and all benefits ...
WHY BEHAVIORISM, TO SURVIVE AND TRIUMPH
... production, hormonal responses, etc.) that are instigated by and mediate the effectiveness of those contingencies. Embodiment is different from the more general concept of emotion because unlike the latter, it possesses ‘theoretical coherence’. In other words, embodied events represent measurable so ...
... production, hormonal responses, etc.) that are instigated by and mediate the effectiveness of those contingencies. Embodiment is different from the more general concept of emotion because unlike the latter, it possesses ‘theoretical coherence’. In other words, embodied events represent measurable so ...
Unconscious priming Klinger & Greenwald, 1995
... 11-12% of the sample reported childhood physical abuse (national figures indicate approx. 2% of children who are < 1 y.o., are abused). Incidence of childhood abuse did prospectively predict depression, anxiety, physical symptoms and medical diagnoses, even after controlling for demographics, fami ...
... 11-12% of the sample reported childhood physical abuse (national figures indicate approx. 2% of children who are < 1 y.o., are abused). Incidence of childhood abuse did prospectively predict depression, anxiety, physical symptoms and medical diagnoses, even after controlling for demographics, fami ...
Econ101.Ch.1.A
... B. The second big question is “When is the pursuit of selfinterest also in the social interest?” 1. People make choices in their own self-interest—they make choices they think are best for their own well-being. a) The incentives surrounding an individual’s choice amongst available alternatives influ ...
... B. The second big question is “When is the pursuit of selfinterest also in the social interest?” 1. People make choices in their own self-interest—they make choices they think are best for their own well-being. a) The incentives surrounding an individual’s choice amongst available alternatives influ ...
Conflict and Cooperation: Institutional and Behavioral Economics
... institutions to simple heuristics and behavioral rules of thumb. True to Simon’s notion, Schmid argues that heuristics and rules of thumb should not be regarded as second-best, that they are instead strategic tools for dealing with uncertainty, complexity, and the social interdependencies implied by ...
... institutions to simple heuristics and behavioral rules of thumb. True to Simon’s notion, Schmid argues that heuristics and rules of thumb should not be regarded as second-best, that they are instead strategic tools for dealing with uncertainty, complexity, and the social interdependencies implied by ...
Taming the Consumption Beast: Tools for Managing Human Demand
... Societies are like organisms; they have to organize a constant throughput of matter for energy and “body” maintenance and growth – their “metabolism” ...
... Societies are like organisms; they have to organize a constant throughput of matter for energy and “body” maintenance and growth – their “metabolism” ...
ELEMENTS OF CHANGE 6. BEHAVIORAL THERAPY 6.1
... (Rachman and Eysenck). Each had its own distinct approach to viewing behavior problems. Eysenck in particular viewed behavior problems as an interplay between personality characteristics, environment, and behavior. Skinner's group in the United States took more of an operant conditioning focus. The ...
... (Rachman and Eysenck). Each had its own distinct approach to viewing behavior problems. Eysenck in particular viewed behavior problems as an interplay between personality characteristics, environment, and behavior. Skinner's group in the United States took more of an operant conditioning focus. The ...
File
... 10% Rule only 10% of the energy from one trophic level moves up to the next trophic level. Where does the energy go? Heat, activity, energy still in urine and feces ...
... 10% Rule only 10% of the energy from one trophic level moves up to the next trophic level. Where does the energy go? Heat, activity, energy still in urine and feces ...
Goal 5
... 10% Rule only 10% of the energy from one trophic level moves up to the next trophic level. Where does the energy go? Heat, activity, energy still in urine and feces ...
... 10% Rule only 10% of the energy from one trophic level moves up to the next trophic level. Where does the energy go? Heat, activity, energy still in urine and feces ...
Thinking Like an Economist
... The Circular-Flow Model The economy consists of millions of people involved in many activities. The circular-flow model provides a simple way of describing all the economic transactions that occur in a Market ...
... The Circular-Flow Model The economy consists of millions of people involved in many activities. The circular-flow model provides a simple way of describing all the economic transactions that occur in a Market ...
Psychology Perception
... • People are rational • Stressing the importance of conscious level to relation to rationality. • Coined the term: Unconditional Positive Regard ...
... • People are rational • Stressing the importance of conscious level to relation to rationality. • Coined the term: Unconditional Positive Regard ...
Chapter One - Villanova University
... Economics is based on the assumption of rational self-interest. ...
... Economics is based on the assumption of rational self-interest. ...
Behavioral Idiosyncrasies and How They May Affect Investment
... originally in mutual fund B, and at the beginning of the year switched his holdings to mutual fund A. At the end of the year, investor B discovers that his old mutual fund B outperformed mutual fund A. Which investor feels more regret? Although both investors earned the same return—that of mutual fu ...
... originally in mutual fund B, and at the beginning of the year switched his holdings to mutual fund A. At the end of the year, investor B discovers that his old mutual fund B outperformed mutual fund A. Which investor feels more regret? Although both investors earned the same return—that of mutual fu ...
ETP Econ Lecture Note 1 Fall 2014
... thinking about economic issues: prices(inflation), incomes (economic growth), consumption decisions, use of our time, job opportunity (unemployment), and so on. ...
... thinking about economic issues: prices(inflation), incomes (economic growth), consumption decisions, use of our time, job opportunity (unemployment), and so on. ...
Powerpoint
... he had only a few rat pellets left, so he could only reinforce an occasional response. Intermittent reinforcement maintained the frequency of responding, and even increased it. Research on schedules was a major contribution to psychology and is the research Skinner was most proud of. ...
... he had only a few rat pellets left, so he could only reinforce an occasional response. Intermittent reinforcement maintained the frequency of responding, and even increased it. Research on schedules was a major contribution to psychology and is the research Skinner was most proud of. ...
New Institutional Economics – basic categories and assertions
... Criterion of minimization of TC as a general foundation for explaining how various legal-institutional and economic systems (arrangements) change in long time periods Effective institutional order is characterized by the existence of such property rights regime and microeconomic incentives system, a ...
... Criterion of minimization of TC as a general foundation for explaining how various legal-institutional and economic systems (arrangements) change in long time periods Effective institutional order is characterized by the existence of such property rights regime and microeconomic incentives system, a ...
Strategic Financial Intermediaries with Brokerage Activities
... In this paper, we study the strategic use by banks of their brokerage activities. We consider a situation where N competing banks engage in brokerage activities and have access to private information about the liquidation value of a risky asset could use their brokerage divisions to enhance their ow ...
... In this paper, we study the strategic use by banks of their brokerage activities. We consider a situation where N competing banks engage in brokerage activities and have access to private information about the liquidation value of a risky asset could use their brokerage divisions to enhance their ow ...
A Survey on Prospect Theory
... ration choice and has been used to describe the economic behavior [5] of people in behavioral economics. This is the reasoning used in most common business and personal decisions. It is even more paramount to understand when the decisions are inter-dependent on one another and therefore understandin ...
... ration choice and has been used to describe the economic behavior [5] of people in behavioral economics. This is the reasoning used in most common business and personal decisions. It is even more paramount to understand when the decisions are inter-dependent on one another and therefore understandin ...
ECO290E: Game Theory
... Superficial knowledge alone cannot explain economic movement. • Economic Theory: Look for the “laws” behind facts. Q: What’s the fundamental economic law? A: Each person acts for her own interest. ...
... Superficial knowledge alone cannot explain economic movement. • Economic Theory: Look for the “laws” behind facts. Q: What’s the fundamental economic law? A: Each person acts for her own interest. ...
Behaviorism
... C. Fixed interval D. Variable interval Paula is an eager third-grader, and loves to be called on by her teacher. Her teacher calls on her approximately twice each period, although Paula is never sure when her turn will come. This is an example of a __________ schedule of reinforcement ...
... C. Fixed interval D. Variable interval Paula is an eager third-grader, and loves to be called on by her teacher. Her teacher calls on her approximately twice each period, although Paula is never sure when her turn will come. This is an example of a __________ schedule of reinforcement ...
Click here for Theories of Learning Analysis
... that rewards and punishes an individual for a behavior. Skinner believed the best way to understand behavior is to look at the causes of an action and its consequences (McLeod, 2014). Whereas, Bandura believed that people are “computer processors” and think about the relationship between their behav ...
... that rewards and punishes an individual for a behavior. Skinner believed the best way to understand behavior is to look at the causes of an action and its consequences (McLeod, 2014). Whereas, Bandura believed that people are “computer processors” and think about the relationship between their behav ...