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These have been the main divisions or theories that the researcher has used to highlight the distinctive and characteristic features as defined in the book. The writer has used two systems to compile and deliver the findings from the research. The first version is emotional and more instinctive in its directives and assertions while the second is slower and more deliberative. This paper looks at how the different theories and perspectives as explained in the book can be applied in other aspects of life.
The main theme in the book is human irrationality where Kahneman with the help of Tversky devised three essential phases to his career. In the first phase the two conduct tests that revealed cognitive biases in the reasoning of human beings (Kahneman 34). In this research they found that there are some cognitive biases that affect the unconscious mind and in turn lead to errors that distort a person’s judgment. The research highlights the anchoring effect as one of the typical examples of the cognitive biases experienced by human. While conducting a research to show this effect they gave an example of how a judge can give a longer sentence to an individual after rolling out a dice with a high number. In the second phase, Khaneman and Tversky aimed to show that people do not necessary only look to maximize utility as explained by the economic models. In this phase the book explains how other factors determine human behavior and not necessarily the ways explained in the economic models. It is through this concept that the two later developed an alternative approach that they named the prospect theory that was the theory associated with the economic Nobel prize in economics that Kahneman received. After the second phase they later developed the third phase that was termed as the Hedonic psychology. This is referred to as the science of happiness and the causes and nature of happiness. Before embarking on this research Kahnemann had been evaluating
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Such changes must be resisted with all the willpower at one’s command. No individual is defeated unless one admits defeat. The principles enunciated and facts mentioned in this book are meant essentially for the top management cadre. To let them know what effective personnel management is all about, anticipate the changes that take place with astonishing speed in this world of fast technological advancement, and tackle the change quickly.
With the introduction of internet and wireless technology distance between people with be a click away and even to the remotest of places on earth communication will bring people together and closer than ever before witnessed with the application in every day lives and in doing business.
According to findings, she started doing some work related to research on natural science and creatures on the shores of the Atlantic Ocean, in early 1950s (Carson 2). Studies indicate that, her first work the ‘edge of the sea’ that focused on life in the coastal ecosystems, which established her reputation for the clear and poetical writing style.
Dreaded, for it is often an issue of tremendous and nerve-wrecking responsibilities thrown on the parents. The authors of the book “Parenting Teens with Love and Logic: Preparing Adolescents for Responsible adulthood” Foster Cline and Jim Fay (2006) sound the warning bells in the beginning of the introduction to their book.
# 1 The income tax represents one of the several kinds of taxes that individuals pay, at a given year and over the course of their lifetime. The mortgage interest deduction represents one of the oldest and biggest tax expenditures within the federal income tax and remains one of the biggest single federal subsidies for owner-occupied housing.
The relations between the two countries swing like a pendulum over the years. In this book, Schaller reviews the overall position of the two countries for over a century. The friction point is not only economics and
It is purely about how the captain’s childhood experiences influenced his views regarding the encounters he later had during his voyages. Having come from a Britain, Captain Cook had to confront lots of challenges because of the diverse cultural
The idea of choice architects and choice architecture was the first one to be introduced in the book. Choice architects have the responsibility for the contexts in which individuals makes their decisions. Good examples of choice architects are the graduates’ admission
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