Research and Decision Making for Business

Question: Discuss about the Research and Decision Making for Business. Answer: Introduction The purpose of the research work has been clearly stated in the introduction part of the research work. The introduction is one of the most important parts of the research work, which enable the readers to get the central idea about the research. The authors have talked about the prior limitations of the research works and have stated the purpose clearly that the present research work will mainly look into those limitations to complete the research work. The authors have related the study to the macroeconomic changes in the market. The authors have pointed out that the macroeconomic changes have resulted in the job loss among the labors in the United States. Thus, it can be said that the authors have taken care of all the factors that result in the job loss and can affect the health of the workers who are working in the country. Statement of the problem The statement of the problem is clearly stated in the introduction part of the research work. The limitations of the prior research have been stated well in the introduction part. The limitation that the authors have identified in the prior research works have made the readers aware of the problems of the cross-sectional data and the longitudinal data. The cross sectional data is mainly based on the population of an area or other firms, association or region. On the other hand, longitudinal data is about research, which is based on a certain period. However, the authors have revealed that those longitudinal data cannot be applied for the workers of all the categories in the United States. Thus, the problems of the job insecurity and the problems that have been identified in the previous research works have been stated properly in the research work. Purpose of the study It would have been better if the authors have mentioned the problem statement, the purpose of the study separately. The readers could have easily understood the different sections of the research works and the research work would have been more easier for the readers to understand. Research question The main setback of the research work is that there is neither any clearly stated research questions, research objectives and the aim of the research work. Research questions not only help the readers but also help the researcher to keep track of the questions that need to be answered in the research work. Thus, research questions are an important part of the research work that the authors have overlooked. However, the authors could make use of the hypotheses to keep a check on the flow of the research and the areas that need to be researched to complete the work. Theoretical framework The authors have not used any theoretical framework for the research work. The theoretical framework is necessary for a research work as it present to the readers the entire structure of the literature review and supports the secondary research work of the researchers. If a theoretical framework could be presented in the following research work, then the framework could have been repented in the following manner: Figure 1: Theoretical framework for the research (Source: Created by author) The authors mainly will look into the problems of job insecurity in the United States. However, before proceeding with the research work, they have looked into the prior limitations of other works. The perceived job insecurity and the meanings and measurements of the same is studied. Finally, the effect of the job insecurity has been presented in the research. Literature review The authors have not mentioned separately about the literature review. The authors should have used a different heading, which would have made the research work clearer to the readers. For any research work, it is important to use the references that are not more than five years old. The research works are written in the year, 2009. As a result, the authors should have used references from the year 2004 until the year, 2009. However, the authors have used references that are dated 1994, 1995 and older than these years. Recent data would have made the readers aware of recent works that have been done by the authors. On the other hand, the authors have taken a long period to study the changes in the perceived job insecurity and the health of the workers. As a result, the authors have the literatures that have written ten years ago. However, they could have incorporated equal amount of literature from the history as well as from the present to keep a balance in the literature review of the research work. Methods The authors applied the longitudinal data collection method to write the research work. In addition to this, they have not forgotten to use the cross sectional data collection as they have collected the data from Americans Changing Lives (ACL) and Midlife in the United States (MIDUS). The authors have collected the first set of before the perception of the job security and they have further collected the data by following up with the data collection prices. The authors have taken into consideration a long range of time to collect the data. They have started with three years and have collected the data over a period of ten years. The range has helped the authors to look into the variation that might have happened in the entire range. To get a 3600 idea about the relations between the job security and the health of the workers the authors have taken the help of three hypotheses. The sample size and the types of the participants who took part in the research work are appropriate for the research works. The authors have taken the feedback of the participants who are over 25 years and have taken into consideration the participants who are aged 60 years. The range is appropriate for the study because people get into the jobs in the age of 25 years. The problem of job security and unemployment starts when an individual reached the age group of 25 years. the effect on the health can be seen at the later age. Hence, the 60 years is perfect for the study to get an idea on the effect on health. The data collection instrument like the questionnaire is significant for the present research work. The authors have collected the data by conducting surveys, face-to-face interviews and over sampling. With the help of the questionnaires, the authors have been able to get the exact data needed for the research. They were able to further analyze the data with the help of Stata with the help of the questionnaire. The reliability and the validity of the research have not been mentione d in the research work. However, it can be said that the research is both reliable and valid. It can be said reliable because the authors taken into consideration primary research and hence they have been able to retrieve the real data. It is valid because they have taken into consideration a study that has been done for a long range of period. Thus, the result of the research can be applicable for any kind of data. Analysis The authors have taken into consideration a huge range of data and that has been collected for a long range of time. The authors have used the Stata software version 10.0 SE. The authors have used the ordinary least squares (OLS) to make the multivariate analyses. The quantitative data analysis should be used when the authors are taking into consideration a huge set of data. The close-ended questions have been helpful for the authors to analyze the data and reach the proper conclusion of the research work. The analytical approach of the authors is suitable for the present research design, which is mainly based on the primary research approach by the authors. Results The authors of the research work have presented result section in a well-described manner. The tables that showed the perspectives of the participants have been explained properly. The feedback of the respondents from the different organizations, Americans Changing Lives (ACL) and Midlife in the United States (MIDUS) are mentioned separately in the result sections. The authors are able to show that the variations of the mindsets of the people from the different organizations. However, they are also able to show the similarity among the feedback of the respondents from the different organizations. Discussion As the there are no research questions or theoretical framework presented in the research work, hence there was no linkage in the discussion section of the project. However, the authors have linked the hypotheses that have been considered in the initial stage of the research have been discussed in the discussion part of the research work. In addition to this, the authors of the present research have linked with the findings with the research works that have been done by other authors. The authors have pointed out that the results of the present research work is consistent with the work that have been done by Heaney and other authors with Michigan auto workers in the year 1994 and Ferrie and other authors with British civil servants in the year 2002. Limitations The limitations of the research are not mentioned separately and are mentioned in the discussion section of the research work. Limitations are a part of the research work so that the future authors are able to get an idea about the areas that not have been covered in the present research.. However, the authors have pointed out that the exact health status of the workers of all the areas could not be covered in the present research work, which is the main limitation of the research work. The result of the research can be entirely different if the authors have taken into consideration other factors to carry out the work. In addition to this, they have taken into consideration certain age group to do the research work. The result of the research can be completely different if any other age group is taken into account to complete the research work. Conclusion The authors have recommend that the present situation of the lives of the workers could be made better once the demographic conditions are changed. In addition to this, the change in the characteristic of the job could help in lessening the job security of the workers in the United States. Here also the authors have not made any separate heading for the recommendations. It would have been better if the parts of the research were mentioned separately rather than mentioning them under one heading. The researchers have found it easier to relate to the perspectives of the researchers of the study.

Napoleon and the French Revolution free essay sample

An examination of the influence of Napoleon Bonaparte on the social and institutional changes that arose from the French Revolution. The paper argues that a fundamental shift to a more i just society, with a bureaucratic and rational culture, and a country with less oppression and more individual freedom and opportunity is what evolved out of the work of the first French revolutionaries, such as Napoleon Bonaparte. Napoleon did much to promote and advance the wide-ranging social, economic, and cultural changes that arose from the French Revolution, and it is this legacy and its completion by Bonaparte that this essay focuses on. The principles are divided into several areas: religious, legal, educational, and economic, as well as comments on the institution of the military. In addition, the seizure and sale of church lands was finally declared irrevocable and purchases of biens nationaux were guaranteed to the new property owners. The Church would never regain its unearned wealth and economic power. We will write a custom essay sample on Napoleon and the French Revolution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page To put it simply, under the Concordat the Catholic Church was no longer an independent corporation within the state, but a body of salaried state servants dependent on the government.

Process Essay Example

Process Essay Romance14 October 2010 Sneaking Out Most teenagers know that sneaking out is key when it comes to the end of the week especially since parents are getting stricter and grounding a lot more. On the weekends, teenagers hang loose, party, relax, and just try to have fun, unfortunately, most parents do not understand. Teenager’s number one goal is to not get caught, therefore hey put a lot of thought in to this process. Even though most of the time teens do get caught in the act, every teenager should know at least one way of sneaking out of the house. Every teenager should know at least one way of sneaking out of the house. Teens put a lot of thought in to sneaking out, they must consider their area situation, disciese themselves, take chances, and be prepared. Most importantly is sneaking back in. As teens put a lot of thought into sneaking out, their number one goal is to not get caught. First, the teen needs to have an emergency excuse ready, in case the teen does get caught. Second, they must remember what time they’re parents usually go to bed, or if they have to stay up late to finish some paperwork etc. Teenagers should remember two important things before sneaking out. One, they need to stuff soft, bulky items, such as stuffed animals, clothes, etc. under their covers to show that the teen is safe and sound in bed. Two, if they do sneak out at night and leave a door or window unlocked, you leave they’re parents home vulnerable to a home-invasion robbery/break-in. The lives of they’re family could be in jeopardy. Anyway, let’s say they’re parents are sound aslee p. The first step would be figuring out how the teenager would get out of their room. An important factor in getting out of the room would be where the room even is, whether it’s downstairs, upstairs or on the main floor. If the room is upstairs, you either would go out the window with a roof, or a tree to climb down. We will write a custom essay sample on Process specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Process specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Process specifically for you FOR ONLY $16.38 $13.9/page Hire Writer They could also go down the stairs and to one of the doors. It’s easier to go out the window, but noise is key. The teen can’t wake up their parents, or any of their siblings in order not to get caught. If the room is downstairs, then its as easy as going out the front door, though sometimes parents have a security system installed in case of a break in, or to even prevent teens in sneaking out. The teen could also go out another door, like the back. Say the parents do have a security system; the teen has no choice but to go out a window carefully and quietly. The teen needs to make sure and have a friend meet them down the block so the lights of the car in the drive way doesn’t bother the parents, and gets the teen caught. After getting out of the house, getting back in is also very tricky, and most important. In order to complete a mission in sneaking out, the teen must get out and get back in without getting caught, that’s the point. After the teen feels successful in getting out, they go out and have fun. When they arrive back home,they need to come in the same way they got out. If the teen came out the window, they should have cracked it and left it semi-open to re-enter the home. If there is any light on in the house, and the teen is sure that they have gotten caught, they need to call home immediately and used their emergency excuse for a cover up. If not, the teen would re- enter the home through the middle floor window in this case. Once the teen is back in his or her room, they must clean up anything that may put them in jeopardy in getting caught. The teen needs to get in bed, and go straight to sleep. If the teen would want to wash their face, take a shower, etc. , they may get themselves caught, so the recommendation for that would be not to do it. Finally, the teen makes it home, safe and sound without getting caught. Most teenagers know that sneaking out is key when it comes to the end of the week especially since parents are getting stricter and grounding a lot more. On the weekends, teenagers like to just have fun and stay out with their other friends, unfortunately, most parents do not understand this concept. Teenager’s number one goal is to not get caught; therefore they put a lot of thought in to this process. Most teens do get caught, but every American teenager should know at least one way of sneaking out of their house.

What is an Anti-Hero Definition †Plus 10 Examples!

What is an Antis! What is an Antis! There’s something comforting about a protagonist who always does the right thing for the right reasons, like Superman. But there’s something compelling about a morally ambivalent protagonist who sometimes does the right thing, and only sometimes for the right reasons - like Tyrion Lannister.While Superman is a traditional take on a heroic protagonist, Tyrion is a decidedly skewed version. In other words, he’s an anti-hero.Let’s dig a little deeper into exactly what an anti-hero is, and why they’ve become so prevalent in stories. Learn all about the morally grey protagonists that readers love: the anti-hero Anti-Hero DefinitionAn anti-hero is a protagonist who lacks some of the conventional attributes of a traditional hero - like courage or morality. While their actions are ultimately noble, they don’t always act for the right reasons.For instance, they might save someone from a dangerous situation because it furthers their interests, not because they actually care about helping others.How is an anti-hero different from an anti-villain?While the two types of characters can be easily confused, the difference boils down to this:The anti-hero (or AH) does the right thing, but maybe not for the right reasons - and they lack a lot of the characteristics we’ve come to expect of tradition heroes.The anti-villain (or AV) does the wrong thing, but their motives are often noble - or, at least, sympathetic. Anti-villains typically have some characteristics we don’t commonly associate withâ€Å"bad guys.†At the end of the day, if you’re not quite sure whether a character is an anti-hero or an anti-villain, ask yourself this: who does the story ask readers to root for? If that character is morally grey, they’re likely the anti-hero. The morally grey character who opposes them is probably the anti-villain.Check out our post full of anti-villain examples to learn more.How is an anti-hero different from a villain-protagonist?Few books have been successfully written from the perspective of a completely irredeemable, morally reprehensible character. Readers want to be able to root for the protagonist at least a little bit. Exceptions include Humbert Humbert from Lolita, Patrick Bateman from American Psycho, and Tom Ripley from The Talented Mr. Ripley. By the end of these books, you’re likely waiting on tenterhooks for the protagonist to be brought to justice.These characters are classified as â€Å"Villain Protagonists.† They’re different from anti-heroes because the author purposefully avoids giving readers a reason to cheer for them. An anti-hero is a morally grey character we’re still encouraged to root for. But a villain protagonist is a â€Å"bad guy†- who happens to be the main character in the story.5 Types of Anti-HeroesNot all anti-heroes are created equally. In fact, TV Tropes classifies a â€Å"sliding scale† of these morally ambiguous protagonists. Unsurprisingly, the first type is†¦1. The Classic Anti-HeroTypical qualities of a fictional hero include confidence, bravery, stoicism, intelligence, handsome looks, and superb fighting capabilities. The Classic Anti-Hero is the inverse of these things: self-doubting, fearful, anxious, and lacking in combat skills. In general, the character arc of this AH follows them overcoming their â€Å"weaknesses† in order to vanquish the enemy.This type of AH is not necessarily on the grey scale of morality, they simply defy readers’ preconceived notions of heroism. id=attachment_18919 style="width: 1290px" class="wp-caption aligncenter">Olivia Pope from Scandal, V from V for Vendetta, Deadpool, Dexter, Nancy Botwin from Weeds, Arthur Dent from The Hitchhiker's Guide to the Galaxy, Selina Meyer from Veep - once you know what an anti-hero is, there is no shortage of opportunities to spot them.If you’re looking to write your own controvertible protagonist, check out the following in-depth blog posts aimed at helping authors develop compelling characters.Character Development: How to Write Characters Your Readers Won't Forget 9 Common Types of Fantasy Characters (With Examples) How to Write a Compelling Character Arc 12 Character Archetypes Every Writer Should Know How to Create a Character Profile: the Ultimate Guide (with Template)Did we miss any anti-heroes who deserve a mention? Drop their name - or any other thoughts or questions - in the comments below!

A Random Walk Down Wall Street Book Analysis

A Random Walk Down Wall Street Book Analysis A Random Walk Down Wall Street Book Analysis Essay A Random Walk Down Wall Street Book Analysis Essay The book A Random Walk Down Wall Street offers an insight into stock investment with the author aiming at providing an appropriate advice for investors. The book has had ten editions since it was first published in 1973 by Burton G. Malkiel. The author’s main idea is to portray markets as partly efficient and to prove that investors can make appropriate individual investment decisions without the indulgence of financial experts. A Random Walk Down Wall Street Literary Analysis According to the author, the basic secret of investing is committing to stock investment in the long term or diversifying investments in case of short-term investments. The author justifies his assertions by using historical testimonies and expounding on them by using personal experiences. The book has four sections with respective chapters that elaborate on various concepts of investing. The book report will provide the author’s main idea and the insights gained. An analysis will show that Malkiel’s book offers an avenue that allows investors to make sound investment decisions by balancing their investment expectations with options available to them. Part One: Stocks and their Value This part entails the first four chapters that introduce the reader to the world of investments. The part mainly discusses concepts of asset valuation by using theoretical foundations. The author mainly uses the firm-foundation theory and the castle-in-the-air theory to expound on asset valuation. The first chapter is â€Å"Firm Foundations and Castles in the Air† and it offers an introduction to investments. It explains that the firm foundation theory argues that an investor should make investments on the basis of the actual value of the proposed investment. The author uses a real-life example that a person wishing to invest in Coke should base the investment decision on the product’s parent company, the Coca-Cola Corporation. The castle-in-the-air theory asserts that an investor should make investments as a response to actions of the masses. For this reason, the theory argues that an investor usually makes more returns by following the majority who invests based on cu rrent trends or based on the foundations of a firm. The chapter concludes that both theories are right in different investment situations. The explanations of the author of the two theories offer a background for the author to critique them in the following chapters. The second chapter â€Å"The Madness of Crowds† explains historical financial occurrences that prove that actions of the masses have significant investment repercussions. Examples of such occurrences include the Tulip-Bulb Craze, the South Sea Bubble, and the tulipomania. In the three instances, the market expanded in a speedy way and led to the overvaluation of assets. After some time, values of the assets returned to their normal valuation after one or a couple of years. A graphical analysis of the three instances showed that by the end of the overvaluation hype the values of the assets returned to the same values as before the hype. The chapter portrays that investors who just follow the masses blindly tend to lose heavily in the market. The inability of investors to resist the urge of the masses makes them vulnerable to adversities of the market. Chapter three explains the stock valuation between the 1960s and the 1990s. The chapter offers a continuation of the craze that the market experiences. The author uses various examples in the stock market to expound on the modern version of the extremity of markets. He expounds on the multiples of price earnings that formed the base of stock trading at the time. The author also expounds on the roles of underwriters in the issuance of new securities, especially their roles in misleading investors. The misleading happened despite investors having access to the guidelines offered by the United States Securities and Exchange Commission. For instance, the stocks in the 1980s were overvalued. The scenario confirms the assertion of the author in the second chapter that such situations continue to recur. Another example offered by the author is the obsession of investors with blue chip companies in the 1970s. By 1980, the values of the stocks had returned to their normal prices. The cases sh ow how firms often manipulate information to increase their value so that they can attract investors. The author concludes that manipulation is inevitable because even though organizations such as the SEC provide the guidelines, they can do nothing to prevent investors from parting with their money. By offering real examples and enlightening historical occurrences, the author remains authoritative and ensures that the reader grasps the real impacts of the masses in making investment decisions. Chapter four explains the internet bubble that sufficed in the late 1990s. The author argues that the public’s obsession with the internet was fuelled by other bubbles similar to the historical ones covered in the previous chapters. For instance, the author cited the IPO mania that prompted the bubble in the 1960s. Similar instances could be seen in the internet era. The main message of the author is that people tend not to learn from past experiences. After the rise of the internet, small investors gained a platform for investments and firms gained a platform for competing with larger firms. Moreover, people became more interconnected. Due to the excitement of the availability of a new platform of trading, people engaged in stock trading by the use of brokerage firms. As a result of overcrowding, people lost money due to the eventual overvaluation and the return to normal prices. In fact, only brokers benefited. This part highlights significant historical influences of the mass mentality on investments. The main point of the author is that markets remain perfect. The assertion means that even if an imperfection comes up, the market will find a way to go back to its normal status. One of the pieces of advice one gets from the part is that investors need to combine both their intellect and curiosity to succeed in investments. The influence of crown activities was also enlightening. The provision of historical examples that led to the overvaluation of assets enables the reader to grasp the author’s main idea. The examples show that an emotional approach without much consideration towards stock investments can be detrimental for investors in the long run. One of the interesting insights from the examples that the author offers is that investors never seemed to learn. All through the 1960s to the late 1990s, economic bubbles would always recur. There would be some hype created that would i n turn entice people to spend more money on stocks. The hype occurred even after authorities such as the SEC warned investors. The above cases remind me of the 2007/2008 economic depression. The scenario was caused by a similar bubble, only that this time it was a housing bubble. The decade ending in 2006 saw prices of houses drastically rise, thus prompting homeowners to refinance their homes due to the availability of adjustable-rate mortgages extended by lenders. Due to the availability of mortgages, people could access loans at interest rates lower than market rates. However, after 2006 people could not refinance their loans because house prices started falling and interest rates rose at the same time. In effect, financial institutions could not recover their loans extended. The situation kick-started the depression that had adverse effects on investors. The situation in 2007/2008 shows that the market has not yet learned about adverse impacts of following the multitude blindly. Part Two: How the Pros Play the Biggest Game in Town This part makes up the next three chapters. The chapters mainly deal with fundamental and technical analysis techniques. Chapter five tries to expound on the extent of the efficiency of the market. It focuses on the elaboration of the technical and fundamental analysis of financial markets. Technical analysis entails studying trends in market prices of assets and then applying historical trends to predict their future prices. The method uses tools such as trend lines and charts. Fundamental analysis entails analysis of the condition of a business by examining its financial records, the market in which the business operates, and the competition. The chapter does not go into much detail about the theories with the next three chapters serving this purpose. The sixth chapter expounds on the technical analysis concept. The author asserts that technical analysis concentrates on identifying correlations. For this reason, the author seems to discredit the technique by arguing that testing the data of stock prices over time does not necessarily lead to the correct prediction of the stock prices. The author cites that the above aspect of the technique makes it spurious. He even uses a humorous example of finding a correlation in the average hemline length in fashion. He uses the example to explain that looking solely at the charts robs off one’s opportunity to see the broader picture, meaning that there would be a high probability of poor judgment. The author also touches on the random walk theory and states that the theory employs random measures to process random data. He goes on to compare the theory with a humorous example of the use of coin flips to determine future prices of stocks. The author uses more humorous examples to disre gard the theory and the technical analysis because of the theory limitation. Chapter seven concentrates on the fundamental analysis concept. Malkiel seems to support the fundamental analysis. The support, as he argues, arises because the concept bases itself on logical judgment when admitting data for consideration. Another reason the author prefers the fundamental analysis is that the technical analysis only focuses on the stock price, while the fundamental analysis focuses on the worth of the stock. Despite the support for the theory, the author finds it weak as well. The author provides situations where fundamental analysis can have flaws. The examples include random events such as the 9/11 attacks, the consideration of flawed data from firms, and poor analysis. The author also asserts that financial experts are no better than investors. He states that they only have an edge because they can access more information from companies. The author’s information on stock valuation is very insightful. Although I had some knowledge of the two techniques of stock valuation, I had not deeply analyzed them to an extent of identifying their weaknesses. However, the author’s argument convinced me of the flaws of the systems. I enjoyed humorous examples offered because it was a light way of learning about the techniques. The part of the book also offers a lot of lessons when it comes to stock trading. The first lesson is that one should purchase stocks if their expected growth of earnings is above the market average. Moreover, prospected growth should entail a period of more than five years. The second lesson is that it is too risky to purchase multiple stocks whose prospected future growth has been discounted. The last and the most significant lesson is that an investor should consider whether an asset possesses the likelihood of attracting masses to invest in them. The last lesson means that logic is the key when considering a stock purchase. Another interesting conclusion from the understanding is that I have come to question the roles of financial advisors in aiding investors making investment decisions. The author cites that the only difference between them and investors is that they have more information. Prior to reading the book, I viewed experts as a haven and the best avenue for investors to make right investment decisions. After reading this part of the book, I realized that experts might not be significantly different from investors. I find great sense in the claim because some of the historical bubbles came up since investors had more trust in experts than in the authorities. However, despite gaining the knowledge, I partly disagree with the author’s claim because the fa ct that experts have needed information means that they are in a better position to make sound decisions. Part 3: The New Investment Technology This part entails the next three chapters of the book. The section concentrates on the modern portfolio theory that entails combining assets with different risk levels to create a positive returns diversified portfolio. Harry Markowitz came up with the theory in the 1950s, making him win the 1990 Nobel Prize. Chapter eight introduces the modern portfolio theory by asserting that it is essential for investors to diverse their investments and at the same time minimize their risks to obtain positive returns. According to the author, the risk of an asset is a significant determinant of the nature of returns. It is worth noting that the standard deviation of the stock is usually the measure of risks. The author cites that risks are inevitable irrespective of the nature of diversification. The argument of the author portrays that he partly agrees with the theory. Chapter nine expounds on the theory by explaining ideas highlighted in chapter eight. The outstanding addition to the previous chapter’s ideas is introduction of the beta factor. The author introduces the factor while explaining the Capital Asset Pricing Model (CAPM). On the basis of the model, the author argues that investors should avoid diversifiable risks because they do not have premiums. The author also argues that an investor should attain more returns by investing in high-risk assets. However, the risk should be systematic. The premium aspect leads to the introduction of the beta factor. The author explains that the beta factor explains how a stock behaves in the stock market. Specifically, it measures volatility of an asset as compared to the whole market. On the one hand, theoretical application indicates that the price of a stock with a higher beta value will rise at a higher rate than other stocks in case of a bull period. On the other hand, its price will decrease at a higher rate in case of a bear market. However, after introducing the beta concept, the author takes an unprecedented stand by claiming that beta is not a sufficient measure of the relationship between the risk and returns. Chapter ten introduces the concept of behavioral finance. The concept entails application of human cognitive and emotional concepts in making investment decisions. The author argues that behavioral traits such as being overconfident and overreacting often have an influence on investors’ decisions. After explaining the concept, the author concludes that most choices based on personal biases do not reap intended rewards in the long run. Malkiel argues that the common sense aspect of personal biases has a chance of providing a logical judgment on investments that may prove fruitful. Some of the common sense ideas include inner motivation of investors to resist investing in pricey assets in the long run and the desire to avoid overtrading. Another possible aspect of common sense is that an investor should only get rid of stocks that portray a trend of losing value. Chapter eleven entails the author providing a summary of his opinions given in previous chapters. Some of the assertions include that the market is fairly efficient and in most instances corrects discrepancies when they occur. The main attraction point is the author’s use of Benjamin Graham’s argument that investors should always invest in the long-term value stocks. The author does not seem to endorse the Graham’s argument and he goes to the extent of justifying his position. He asserts that in the long run the trends of growth and value stocks do not run parallel to market trends. However, he partly endorses the Graham’s argument by stating that value stocks often tend to perform better during extremities such as bubble and economic depression. After reading the part, I gained more information on the importance of beta. However, after the author providing a lot of information about its importance in determining the risk of an investment, it was surprising for the author to disagree with the beta factor. The author argues that particular differences in the stocks make beta more ineffective. Despite the surprise, I appreciated his insight because it provided a platform for me to read more about the relationship between beta and risk and returns. On the concept of behavioral finance, I have come across real applications of the author’s argument that personal biases affect individual investment decisions. The inner thought that there is an opportunity to make money can urge an individual to make rash decisions. Moreover, the thought of a possible loss can influence similar decisions. The significance of personal biases in investing has led to the creation of various notions in the modern investment world. Some investors have the tendency to disregard the efficient market hypothesis and endorse unproven beliefs. An example is the January effect when people tended to think that stocks perform well in January. Despite their unproven status, beliefs may make an investor invest heavily during the month. In effect, such an investor may end up experiencing losses. Part Four: A Practical Guide for Random Walkers and Other Investors This part aims at giving the reader an insight into the practical side of investing. The part also offers advice to investors by affording them strategies that they can use to choose their investment portfolio. Chapter twelve offers investors advice on how to start an investment venture. The author encourages stock investors to ensure that they have emergency funds available in case their investment decisions lead to losses. Moreover, the author argues that investors should consider investing in â€Å"insurance† investments such as bonds and real estate investments. He argues that ordinary shares and real estate investments provide a viable option for investment. He concludes with the assertion that prior research is vital for investors in coming up with the best portfolio. Chapter thirteen mainly deals with the author’s opinion on the better choice between stocks and bonds. The author argues that an investor should not entirely rely on the past performance of a stock to predict its future performance. However, he states that the past performance partially influences its future value. The author believes that investing in stock in the long run offers more returns than in bonds due to the elimination of risks. Moreover, he asserts that investing in stocks in the long run may provide the needed safety to fight inflation. However, Malkiel insists that the period cannot be shorter than a decade. He states that a shorter period than a decade is too random and investors do not have a choice but to invest in risky stocks. The assertion means that investors who intend to venture into the short-term investments have to choose between risks and adopt the one that they feel comfortable to carry. Chapter fourteen entails the author insisting that investors willing to commit their resources for more than a decade should commit themselves to stocks. He also insists that it would be better for short-term investors to concentrate on a diversified portfolio that include bonds. The author also advises short-term investors to consider retaining some of their resources as cash to cover any case of emergency. The chapter offers guidance on how investors can approach the market. Despite offering the above options, Malkiel encourages investors to venture into long-term investments. He advises investors to consider venturing into long-term stocks as a way of saving a retirement fund. Chapter fifteen is the last one in the section and the entire book. Apart from providing a summary of the book, it goes into the specifics of investing. The author argues that an investor does not have to perform an extremely detailed analysis to make an investment analysis. Instead, the author encourages investors to venture into an index fund. He encourages investors intending to purchase individual stocks to venture for the long term instead of trading them. Moreover, he asserts that investors should concentrate on stocks that have a record of good performance. Concerning managed funds, the author has reservations about them. He asserts that they may not be an advisable option because they may have misleading information. The also advises investors to purchase stocks that create positive stories about their potential to improve their value. After reading the last part of the book, I came to get the picture of intentions of the author. The first intention is to prove that the market efficiency hypothesis offers a realistic guidance in the stock market. The second aim was to reconcile market efficiency and perceptions of the market towards economic bubbles. The last aim of the author was to identify various ways of analyzing the stock market, highlight their weaknesses, and apply lessons from their weaknesses in offering investment advice to investors. The fourth part culminates his aims by combining strengths of different investments theories and techniques and avoiding their weaknesses to come up with a hybrid investment decision-making guideline. In conclusion, investors ought to read the Malkiel’s text. The book is organized in well-thought sections that cover aspects that entail financing progressively. Reading all the parts enriches a reader with information necessary in making appropriate investment decisions. The author came up with investment theories and techniques and highlighted their roles in investments. He aimed at offering the best financial advice. It is undeniable that the author believes in a partly efficient market and he justifies it by giving out real-life historical examples. The book has a lot of lessons for all investors. The main lesson is that an investor should have the courage to make investment decisions instead of relying solely on financial experts. Moreover, investors should apply logic in the decision-making. With the author analyzing crucial investment theories and concepts and then offering their critique, his aim is to communicate that none of them is efficient. For this reason, a hybrid way of the approach that entails picking strengths of the theories and techniques would be the preferable way to approach investments. Personally, I have learned that caution is the key to approaching investments. Moreover, I have learned that over-ambition or moving along with the crowds can be detrimental in some instances. I have also learned that having long-term investments is a preferable way of saving in the long run. The book also teaches that if an investor chooses to invest for a short-term period of fewer than ten years risks are inevitable. For this reason, diversification is the key. Due to the above lessons, investors, whether they believe in the efficiency or the market or not, need to read the book to expand their investment knowledge.

The Impact of Native Americans in Today's Society Research Paper

The Impact of Native Americans in Today's Society - Research Paper Example Currently, there are a wide variety of tribes and ethnic groups that come under the descriptor of Native American. Since the arrival of the Europeans, there has been a progressive and steady degradation of the Native American culture, with little evidence or indications in the present day of their culture. Throughout the history of the country there have been numerous examples of the race being mistreated, ignored and treated as the same or less than the Europeans, rather than as a distinct race with its own traditions. This has had widespread consequences for the remaining individuals of Native American origin. Studies have shown an increased rate of suicide, social issues and violence within Native Americans as a consequence of unresolved historical grief. One suggestion has been to incorporate more Native American culture into the lives of these people to help them heal and understand their grief and their own histories. Early Conflicts The culture of Native Americans before the i mmigration of European colonists to the country was that of hunter-gatherer societies, where cultivation of many staple crops was also carried out. History was carried from one generation to the next by stories and oral traditions. Unlike European society, which was patriarchal in nature, and held the concept of individual ownership of property and land, the Native American society focused on land use for all of the community. This difference in approach and culture as well as changes in the alliances that different groups held resulted in high levels of conflict throughout the history of America. There were numerous conflicts between the Native Americans and the British government. Native Americans were not content to sit and watch their own rights be taken away, and they acted to ensure their own interests, both in the diplomatic and in the economic sense1. The introduction of Europeans to the Americas had large effects on the Native Americans, resulting in the deaths of many numb ers of individuals, as well as a long-lasting history of racism, prejudice, and loss of tradition2. The first experience that the fledgling government of the United States had with the Native Americans was during the Revolutionary War. It was important for the government to ensure the support of Native American tribes in the war with Great Britain. Failing this, the next most important factor was ensuring the Native Americans remained neutral, i.e. they did not fight against the United States. This brought the first use of treaties between Native Americans and the United States government into being. Following the revolution, the relationship between the United States and the Native Americans was irrevocably changed.

Exploring Programming Languages Essay Example | Topics and Well Written Essays - 750 words

Exploring Programming Languages - Essay Example Secondly, the C# is also an object-oriented programming language developed by Microsoft for the development of windows based and internet applications which is literally the counterpart to Java of Sun Microsystems. Thirdly, the C++ programming language was developed by Bjarne Stroustrup, and defined as general purpose programming language that is better than the C language which supports data abstraction, object-oriented programming, and generic programming. Due to its extensive capabilities, most of the programs running in computer system such as applications, games, and even the operating system are written in C++ language. As what I have mentioned above, the three different programming languages are all object-oriented wherein the programming methodology focuses on the data rather than the process. The data can be entities or objects that are being manipulated. Objects are commonly defined as sufficient modules, conceptual entities, and run-time units that are used as the foundation of the program. In most object-oriented programming language, an object is characterized by its identity, state, and behavior. Identity is a property of an object that distinguishes from other objects, while the state describes the data stored in the object, and lastly, the behavior is the one that describe the methods of the object's interface Ja Java programming language defined objects as the bundle of related state and behavior wherein it stores its state in the fields and exposed its behavior through methods. In other programming languages, fields are treated as variables while methods are treated as functions. The classes in java are blueprints that are used for the creation of an object, thus, it makes an object an instance of a class. Java uses inner classes instead of pointers to create a concise adapter classes that are often used to connect a callback and event from a module to others. Inheritance in Java is the ability of a class to inherit frequent used states and behaviors of other classes. In general rule of inheritance, a class must only have one direct superclass or parent class, while one superclass can have unlimited subclasses or child classes. Instead of the templates being used by other programming languages, Java used generics to create classes and objects that can operate on any defined types. This adv antage gives the programmer an ease of use and better code. In C# programming language, a type was defined by a class, while the instances of the class are called objects. There is a similarity in the definition of the object in both C# and Java, wherein it stated from the latter that object is an instance of a class. The class is the heart or core of all object-oriented programming and so it is vital in C#. A class is a container of data or fields and operations that manipulate the data or method. Pointers are variables that hold the address in the memory of other variable. Since it is a pointer, it could be used in value types and arrays but not to a structure containing a reference types. The same as Java, that inheritance was also implemented for it was the specialization relationship wherein the class could inherit only from a single parent or superclass, but a certain class can have many or multiple interfaces. C# uses generics instead of