• High Reliability Organization
    : mathilde.bourrier@unige.ch This article looks back over two decades of work pioneered by Todd LaPorte and colleagues, under the banner of High Reliability Theory (HRT). The article revisits the American roots of the Berkeley-based group and comments on its early and decisive fieldwork choices. It revisits some of...
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  • Midterm Study Guide
    effectively control the price structure in the market Major themes include: Patterns of supply & demand that fix the prices of goods Price and output in individual & competing markets Theories of production & individual choice (certainty & uncertainty) Transnational Corporation (TNC) or...
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  • Todd
    intellectual importance of the self-serving reason which is also the most important sometimes. The whole theory of the principle of rational choice theory which says that one should do that which yields the maximum marginal utility according to your self interest which is to say that selfishness is the thing...
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  • Interco Case
    . Management Tenets 4. Is management rational? Buffett places a great deal of importance on management and one of the areas he focuses on is how excess cash is used. If the company can generate above average returns by reinvesting the cash in the business it should do so because this builds...
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  • acco 400 book condensed notes
    way but the theory captures the average behaviour of those investors who want to make informed investment decisions, and this claim is backed up by substantial empirical evidence - reporting of information that is useful to rational investors --> decision usefulness approach - 2 versions of...
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  • Does Study of the Information Content of Profits Announcements Explain Why Firms Use Particular Accounting Practice? Does It Help to Predict Which Firms Will Use Particular Accounting Practices?
    all statements are unseen assumptions. Similarly, as will be demonstrated later, to classify theories as positive or normative is equally simplistic. Positive accounting theory (PAT) is an expression of neo-classical economic theory. Fundamental to it is a belief in rational choice theory. That is...
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  • Accounting Standard
    .” Accounting theory is said to have progressed through a major evolution, particularly during the late 1960s, and 1970s and c ontinuing into the 1980s. Edwards (1989) “The study of accounting history helps us to understand our past and gives us an appreciation of how our current practices and problems...
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  • Risk Management
    manner:- (a) Overview & Definition. (b) EMH Tenets and Problems with EMH (c) Validity and Usefulness of EMH Overview & Definition A quandary in the mind of any stock market investor is whether he will be able to make high profits on his investments. The Efficient Market hypothesis (EMH...
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  • Personality Type & Consumer Behavior
    processes involved * Who buys * What are their choice criteria * When do they buy * How do they buy * Likely buyers reaction to marketing strategy The marketing concept stresses that a firm should create a marketing mix that satisfy the customers, therefore the firms need...
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  • Bad Essays
    sentence fragments and run-on sentences. For example in paragraph 2, “The whole theory of the principle of rational choice theory which says that one should do that which yields the maximum utility according to your self interest which is to say that selfishness is the thing that drives most people” may...
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  • Hegemony of Ideas in Internationai Politics
    will be no difference as inevitable famine will be able to destroy population with the food of the world. Rationalists Theory: it is based on the rationales of both parties in war. The assumption of this theory is that warring parties are rational and tend to put the calculations as the offensive...
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  • Liberalism and Colonialism
    Liberalism and Colonialism The form of rule known as liberalism is one that is generally accepted worldwide as an ideology which is rational and promotes freedom, life, liberty and protection of individual rights. Many of the world's political systems are based on the values and concepts evident...
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  • Evaluate the usefulness of Marxist theory to our understanding of crime and deviance
    Evaluate the usefulness of Marxist theory to our understanding of crime and deviance (40 marks) Synopticity - Crime & Deviance sociological theory Marxist explanations of crime and deviance, like their work on other areas like the family and education, rest on an economic and structural...
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  • Chapter 1
    , In P. Anand, P. Pattanaik and C. Puppe (Eds), Handbook of Rational and Social Choice, Oxford University Press. Hansson, S. O. (1994). Decision Theory : A Brief Introduction. Department of Philosophy and the History of Technology, Royal Institute of Technology (KTH). Stockholm. Keefer, D...
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  • Capital Market
    the expected utility theory. Prospect Theory Prospect theory asserts that choices of investors, in the presence of risk, exhibit several pervasive effects that are inconsistent with the basic tenets of the expected utility theory. As a critique of the expected utility theory, prospect theory studies...
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  • Modernization
    developments in society. Emphasis here is given to sociological modernization theory. Although there are many versions of modernization theory, major implicit or explicit tenets are that (1) societies develop through a series of evolutionary stages; (2) these stages are based on different degrees and...
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  • Management
    , the growing interest in the corporate governance of social enterprises will be examined; next, the relevance and usefulness of stakeholder, stewardship and institutional theories to social enterprise governance will be explored; and finally, conclusions will be drawn, gaps in the current literature...
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  • Applications and Adaptations of Keynesian Thought
    Applications and Adaptations of Keynesian ThOUGHT Jim Sanderson Fall 2006Applications and Adaptations of Keynesian ThOUGHT Tim Gunderson Applied Managerial Economics Fall 2006 Introduction John Maynard Keynes' General Theory of Employment, Interest and Money was perhaps the leading tenet of...
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  • The Role of Advertising in Brand Image Development
    ) models. These models, termed linear sequential models by de Groot (1980) and “hammer and nail, conversion and hierarchy of effects theories” by Lannon and Cooper (1983), could be described as left-hand side of brain models in that consumer behavior is explained in analytical, rational terms...
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  • Govt1000
    predictions. Just as long as it proved relevant at all, it could serve a heuristic function in testing the usefulness of different versions of utility. It is of interest that one of the pioneers of rational choice political theory, Anthony Downs, has long since moved his away from Political Man...
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