Behavioural finance Research Paper Example | Topics and Well Written Essays - 2500 words

Behavioural finance - Research Paper Example It is imperative to note that the mistakes made by portfolio managers, brokers and other market participants are driven by behavioral biases. This paper seeks to analyze major behavioral biases that cause the investment mistakes and the reasons as to the participants fall in the trap. During the decision making process, investors should fame the questions that will guide them in the process. According to Tversky and Kahneman 1124, the framing of a problem highly influences the decisions made by the investors. Framing bias entails the failure to reframe the choices given. As a result, investors suffer losses that can be avoided if the questions are reframed by the participants during a research. In order to ensure appropriate choices are made Lim 2540 depicts that managers should consider various factors. First, they should ask themselves whether or not they are addressing the actual problem. Secondly, they should integrate gains and losses in the choices available. Thirdly, they need to reverse the questions. For example, if there are sellers they should evaluate their behaviors assuming they are buyers. Fourthly, managers must frame the questions to cover the entre aspects of an investment for instance the total costs. In addition, managers must emulate an inten sive perspective during framing. The section below analyses some of the major statistical errors that are associated with framing bias. Representativeness heuristic is adopted by people to evaluate the probability based on the fact that an event A resembles and event B. For example, if an event B is highly representative to an event A, then it means that the probability that A originated from B is high (Tversky and Kahneman 1124). One of the major courses of errors that are related to representativeness is the use of similarity to determine the relationship between events. This is based on

The Morality of Euthanasia Essay -- mercy killing essay

People have the right to medical care, but pain and suffering for a person has to be one of the toughest things in life to deal with. In the health care world, few topics create a debate as heated as euthanasia. Euthanasia comes from the Greek word meaning good death. Euthanasia is the practice of ending the life of a person either by lethal injection or the suspension of medical treatment. Most religious beliefs say that God is the only one that has the right to decide the termination of any life. Euthanasia should be a person’s right of choice legally and ethically. People are faced with choices on a daily basis throughout their lives. Having the choice of euthanasia allows a quick, humane, and painless way to end pain and suffering. Even though a religious belief in God to end life and a person’s right to receive treatment, euthanasia should be a person’s choice because it is quick, humane, painless, and ends pain and suffering. Within the past twenty years th ere are presently countries or states that allow euthanasia as a means to end pain and suffering as a person’s right of choice. The newest state to add to the chart below is Montana in 2010. Religious beliefs make a persuasive argument against euthanasia. Religious beliefs are against euthanasia for God’s will to make the decision for a person’s final hour, yet a person should not suffer. According to most religions a person is not allowed to commit suicide and a person is not allowed to kill another. A person choosing euthanasia to end their pain and suffering would be a form of suicide. â€Å"Euthanasia is the logical form course of action for anyone who is not living a life of faith, hope, and love- that is, for the vast majority of the population on this planet. The on... ...es to help debunk ‘lies’. The Christian Century, 126(19), p18. Retrieved February 5, 2010, from Thompson Gale database. Collier, R. (2009, October 13). Euthanasia debate reignited. CMAJ: Canadian Medical Association Journal, 181.3, 462-463. Retrieved February 5, 2010, from Thompson Gale database. "Euthanasia." The Columbia Encyclopedia, Sixth Edition. 2008. Retrieved February 05, 2010 From Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-euthanas.html Walker, D. (2009, October). Regarding the pain of others. First Things: A Monthly Journal of Religion and Public Life, 196, 2-3. Retrieved February 5, 2010, from Thompson Gale database. Williams, G. (2009, October). Assisted suicide and euthanasia: A natural law ethics approach. King’s Law Journal, 20.3, 553-556. Retrieved February 5, 2010, from Thompson Gale database.

Advantage and Disadvantage of Offshore Outsource

Benefit of the Offshore Outsource 1) Improve the customer service Using high-quality specialist external providers can allow companies to capitalize on their strengths and, indirectly, help to improve customers’ experience of using such companies’ products or services. External providers can help a company’s competitiveness by delivering greater flexibility and responsiveness than would be available in-house. 2) Swiftness and Expertise Most of the times tasks are outsourced to vendors who specialize in their field.The outsourced vendors also have specific equipment, technical expertise, better experience and skills. Most of the times better than the ones at the outsourcing company. Effectively the tasks can be completed faster and with better quality output. 3) Concentrating on core process rather than the supporting ones Outsourcing the supporting processes gives the company more time to strengthen their core business process. The company will have more time to put more effort, develop ideas and plan the strategies on the core business activity. ) Risk-sharing Usually the main factors to outsource the company is risk-analysis. Outsourcing certain business activity process helps the company to shift certain responsibilities to the outsourced vendor. Since the outsourced vendor is a specialist, they plan your risk-mitigating factors better and recommend several method to improve the operations. 5) Reduced Operational and Recruitment costs Outsourcing prevent the need to hire individuals in-house; hence recruitment and operational costs can be decreased to a great extent.This is one of the prime advantages of offshore outsourcing to make the company operation cost-effective. The Disadvantages/ Weaknees of Offshore Outsourcing Even though offshore outsourcing gives advantage mainly on cutting the cost site but the other way offshore outsourcing sometimes bring disadvantage to the company. A company must identify what is the risk to offshore ou tsourcing to avoid loss. The disadvantage are : 1) Loss of the managerial control Once a company sign a contract to outsource all or several part of the department, the company are turning the managerial function to other company.The managerial control will belong to the different company and its function will not be driven by the same standards and mission of the main company. The outcource company will only focus on how to gain profit rather than to meets the main objective of the management. 2) Loss of gain knowledge and information When a company outsourcing the business activity, the company will loss the opportunity to get knowledge and information that could benefit other company. Knowledge provide competitive advantage to sustain the strengthness of the company.As a result, when a business activity been given to the other company, the company will have more skills, knowledge regarding to manage the activity. 3) Threat to security and company secret Data and information relat ed to the company will given to the outsource company for the operation matter. The information can be threat to the company because the other company can use the information to compete with our company. Most of the outsource company their goals are only to make more profit rather than to follow the objective oforiginal company.At the end, both of the company compete each other to conquer the market. 4) Quality problem The outsourcing company will be motivated by profit. Since the contract will fix the price, the only way for them to increase profit will be to decrease expenses. As long as they meet the conditions of the contract, you will pay. In addition, you will lose the ability to rapidly respond to changes in the business environment. The contract will be very specific and you will pay extra for changes.

Synthesis Article On Illegal Immigration - 1278 Words

Synthesis on Illegal Immigration Most Americans today believe that illegal immigration is an issue that the country really doesn t know how to handle, but is one of the most important to solve now. The reason this problem is so important is because everyone has an opinion for the sake of politics or just as their two cents. People of higher class and those buried in the poverty line have different reasons as to why this is an over-exaggerated issue or a serious toxin to the United States. The wealthy may argue that most illegal aliens bring in crime and poverty, while others claim that immigrants actively strive for the american dream and complete jobs that no one else wants to do. Whereas those under the poverty line state that illegal aliens steal jobs from the unfortunate citizens, are breaking the law by coming across borders or overstaying their visas and are terrorist threats, other underprivileged citizens want to provide equal opportunity and have no quarrels with immigrants. In other words, all citizens ha ve diverse views on how to handle immigrants regarding the issues of law, economics and social issues. When it comes to the topic illegal immigration, most of us will readily agree that the issue should be brought to the attention of government officials and receive a proper solution. Where this agreement usually ends, however, is on the question of how the problem will be solved. Whereas some are convinced that illegal immigrants should be deported, othersShow MoreRelatedSynthesis Essay on Indocumented Immigrants in the US901 Words   |  4 Pagesfinal assignment in our class: a synthesis essay. The most imperative part of our assignment was to choose a synthesis essay question on a list that our professor gave us. The second most vital ingredient in the formula was to choose two texts from our Allyn Bacon Guide to Writing book which would be the backbone of our synthesis essay that we would have to expand on and create our own ideas from. 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