I.INTRODUCTION: Irrational exuberance means wishful thinking on the part of investors that blinds us to the truth of our situation (definition based on the book of Yale professor Robert Shiller) or can be simply understood as the overvalue/undervalue of the market because of irrational thoughts. The word irrational and exuberance themselves are not new‚ but they are first combined and used by Mr. Alan Greenspan- former Federal Reserve Board Chairman in his comments on December 5th‚ 1996. What
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ISSN 1995-0802‚ Lobachevskii Journal of Mathematics‚ 2009‚ Vol. 30‚ No. 4‚ pp. 337–346. c Pleiades Publishing‚ Ltd.‚ 2009. Marcinkiewicz-Zygmund Type Law of Large Numbers for Double Arrays of Random Elements in Banach Spaces Le Van Dung1* ‚ Thuntida Ngamkham2 ‚ Nguyen Duy Tien1** ‚ and A. I. Volodin3*** 1 Faculty of Mathematics‚ National University of Hanoi‚ 3 34 Nguyen Trai‚ Hanoi‚ Vietnam 2 3 Department of Mathematics and Statistics‚ Thammasat University‚ Rangsit Center‚ Pathumthani
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Addition and Subtraction of Integers Addition of Positive Integers Consider the addition of 2 + 3. The plus sign‚ +‚ tells us to face the positive direction. So‚ to evaluate 2 + 3‚ start at 2‚ face the positive direction and move 3 units forwards. This suggests that: Positive integers can be added like natural numbers. Addition of Negative Integers Consider the addition of (–2) + (–3). The plus sign‚ +‚ tells us to face the positive direction. So‚ to evaluate
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Irrational Exuberance and the Housing Bubble An investment in real estate is widely regarded as one of the best investments one can make. The notion that home prices will always rise is as strong as it is incorrect and in the early 2000’s this line of speculative thought led to a level of irrational exuberance that threatened to topple the U.S. economy and its financial system. After the dot.com bubble burst and the subsequent 70% drop in the NASDAQ‚ investors both professional and
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moral beliefs that his society shares. His society believes that everything must be done for the good of everyone. In the end of the book he decides that it is better for man to worry about themselves first. The main point of Rand’s essay‚ “How does One lead a Rational Life in an Irrational Society?” is that we as people need to make moral judgements. Equality made a moral judgement to no longer follow the ideas of the society that he left. I believe that it was correct for Equality to denounce the
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true that changing format of WWAC radio station will prevent the decline in listener numbers‚ the author‚ however‚ needs more specific evidence to strengthen his proposal since there are several logical flaws in the argument. First‚ since the author’s plan of changing take the new residents as their aimed new listeners‚ specific evidence should be given to indicate what mainly cause the decline in listener number‚ or the solution will probably not be effective. There are chances that the decreased
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This report is based upon the book “Damned Lies and Statistics: Untangling Numbers from the Media‚ Politicians‚ and Activists”‚ written by Joel Best and published by University of California Press in 2001. Joel Best‚ a professor of sociology and criminal justice at the University of Delaware‚ has written a highly readable treatise on statistics‚ and how we can become better consumers of the statistical information that permeates the environment in which we live. Joel Best is a sociologist and
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Theory Julia Salazar OPS/571 January 28‚ 2013 Hiram Velez Apply the Learning Curve Theory According to Chase‚ Jacobs‚ and Aquilano (2006)‚ a learning curve is a line displaying the relationship between unit production time and cumulative number of units produced (p. 135). Any business environment on individual or organizational level can benefit from using the learning curve. Additionally‚ “learning curve theory is based on three assumptions: 1. The amount of time required to complete
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you can do in the future and take with you the fond moments you cherished here. So‚ gentlemen‚ we give you to the world armored with the X- factor--- the XAVARIAN factor. Go! The world has a dearth of young educated men like you. Go! make the difference. Be righteous in your actions‚ dignified in your ways. Let your words bring happiness to others and your actions bring hope. Be good to people on your way up. They will hold you up when you tumble down. Believe in yourself‚ and you can do what
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Rosendin Electric Number 3 in List of Top 400 Solar Contractors Rosendin Electric Continues to Rise in the Annual Rankings of the Best Solar Contractors in North America. San Jose‚ Calif. (September 13‚ 2014) -- Rosendin Electric‚ the nation’s largest private electrical contractor and an employee-owned company‚ has earned the third place ranking in Solar Power World’s list of the Top 400 Solar Contractors in North America. The publication also ranked Rosendin Electric number one among the top 100
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