CONSUMER THEORY I Consumer theory – deals with how a consumer chooses the best bundle of goods he/she can afford. BUDGET CONSTRAINT To know which bundle of goods a consumer can afford‚ we have to look into the consumer’s budget constraint. We first assume that there are only two goods‚ say good x1 and x2. A consumer can choose from bundle A (3‚ 2) – 3 units of good 1 and 2 units of good 2; bundle B (6‚ 5) – 6 units of good 1 and 5 units of good‚ so forth. Given the price of good 1 (p1)‚
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Prospect Theory: An Analysis of Decision under Risk Daniel Kahneman; Amos Tversky Econometrica‚ Vol. 47‚ No. 2. (Mar.‚ 1979)‚ pp. 263-292. Stable URL: http://links.jstor.org/sici?sici=0012-9682%28197903%2947%3A2%3C263%3APTAAOD%3E2.0.CO%3B2-3 Econometrica is currently published by The Econometric Society. Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use‚ available at http://www.jstor.org/about/terms.html. JSTOR’s Terms and Conditions of Use provides
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BASICS OF ITEM RESPONSE THEORY THE FRANK B. BAKER BASICS OF ITEM RESPONSE THEORY THE FRANK B. BAKER University of Wisconsin Clearinghouse on Assessment and Evaluation The Basics of Item Response Theory by Frank B. Baker Second edition Published by the ERIC Clearinghouse on Assessment and Evaluation Copyright © 2001 ERIC Clearinghouse on Assessment and Evaluation All rights reserved. Editors: Carol Boston‚ Lawrence Rudner Design: Laura Chapman Cover: Laura Chapman
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Kolcaba’s theory of comfort would be an excellent middle range theory for a manager to utilize in directing patient care in a pediatric emergency department. The focus on enhancing the comfort of patients and families would help to improve patient satisfaction scores‚ increase business‚ and reduce the stress of staff. In Kolcaba’s propositions of comfort theory she discusses that patients and families are more satisfied with health care and have better outcomes when comfort is achieved and the
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LEARNING OBJECTIVES By the end of this chapter the student will be able to: ■ ■ ■ ■ ■ Frame the context for understanding the concept of motivation‚ particularly who and what motivates employees; Provide an overview of the different theories of motivation; Identify extrinsic and intrinsic factors that impact motivation; Assess misconceptions about motivation; and‚ Suggest strategies to enhance employee motivation. INTRODUCTION Managers are continually challenged to motivate a
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TEHCNOLOGICAL DETERMINISM a popular and influential theory the theory of relationship between society and technology Just like these other deterministic theories‚ technological determinism seeks to explain social and historical phenomena in terms of one principal or determining factor. It is a doctrine of historical or causal primacy. The term ’technological determinism’ was apparently coined by the American sociologist and economist Thorstein Veblen (1857-1929) (Ellul 1964: xviii; Jones 1990:
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Psychodynamic Theory Review In the article “The Future of Psychodynamic Psychotherapy‚” Cortina (2010) reviews past and current issues concerning psychodynamic theory in relation to therapy practices. He describes how and why a once widely accepted and common method of psychological treatment has since suffered a swift weakening in popularity and reliability. Cortina (2010) also speaks about the basic concepts that underlie the psychodynamic theory so that possible interpretations can be drawn as
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there are many theories on this topic it is impossible to prove any of them and thus this problem is still unresolved. How is it that we can understand more about the universe and science than ever before but do not understand what it is that enables us to understand‚ that is the mind? To answer this rather complicated problem there are many solutions‚ or theories‚ each with their good points but none which are totally convincing‚ though some seem more though than others. These theories are Dualism
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In order to understand the world through a different perspective‚ we have to realize that we need to understand the theory of interpretation. People most likely do not know about how to stop their judgment because they have grown to only know how to do so. We almost always base our judgments on past experiences and beliefs. People that are closest to us help a lot with our judgments. This makes it harder to influence our world view. Sometimes‚ it takes more than just thinking about somebody else’s
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is commonly known that certain theories can be considered obsolete over time if not restated in a modern day context‚ because as society advances‚ there is a need for theories and ideas to accommodate and make room for such changes in order to maintain their relevance So‚ in order to adapt Aristotle’s theory of the good‚ also known as Aristotle’s virtue theory‚ into modern day life‚ different theorists and philosophers became interested in reevaluating the theory and adding to it in order to achieve
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