...EFFICIENT MARKETS HYPOTHESIS AND OTHER THEORIES OF PRICING IN FINANCIAL MARKETS Name Course Title/Code Instructor’s Name Date Efficient Markets Hypothesis and other theories of pricing in financial markets Efficient market hypothesis (EMH) is a theory that emerged in the 1960s. It states that it is difficult to predict the market since the price has been set and reflect the current market conditions. It is a disputed and controversial theory. The theory is comparable to other theories of pricing in financial markets. Several strengths and shortcomings emerge through comparison with other theories of pricing (Blinder, et al., 2012). EMH states that no stock is a better buy when compared to others. It is the conclusion that leads to random choices. It is a vital tenet of finance theory. The EMH theory has a basis in other finance theories. It follows the classical theory of asset prices. To determine the connection, a situation where stocks are considered based on good deals. According to the EMH theory, these stocks are worth more than their relative prices. The worth of a stock is the present value of the expected dividends. In this regard, an individual will buy stocks at prices that are below this level. In essence, this is buying stocks that are undervalued assets (Kapil, 2011). Classical theory The classical theory follows the belief that the price of a stock is equal to the best estimate of the stock’s value. This equality means that the undervalued stocks are not real...
Words: 2300 - Pages: 10
...ntroduction * Dr Patricia Benner introduced the concept that expert nurses develop skills and understanding of patient care over time through a sound educational base as well as a multitude of experiences. * She proposed that one could gain knowledge and skills ("knowing how") without ever learning the theory ("knowing that"). * She further explains that the development of knowledge in applied disciplines such as medicine and nursing is composed of the extension of practical knowledge (know how) through research and the characterization and understanding of the "know how" of clinical experience. * She coneptualizes in her writing about nursing skills as experience is a prerequisite for becoming an expert. ABOUT THE THEORIST * Patricia E. Benner, R.N., Ph.D., FAAN is a Professor Emerita at the University of California, San Francisco. * BA in Nursing - Pasadena College/Point Loma College * MS in Med/Surg nursing from UCSF * PhD -1982 from UC Berkeley * 1970s - Research at UCSF and UC Berkeley * Has taught and done research at UCSF since 1979 * Published 9 books and numerous articles * Published ‘Novice to Expert Theory’ in 1982 * Received Book of the Year from AJN in 1984,1990,1996, 2000 * Her web address is at: http://www.PatriciaBenner.com * Her profile can be obtained at http://nurseweb.ucsf.edu/www/ix-fd.shtml LEVELS OF NURSING EXPERIENCE She described 5 levels of nursing experience as; 1. Novice 2...
Words: 893 - Pages: 4
...Concept Comparison and Analysis across Theories Paper NUR 513 August 6, 2012 Comparison and Analysis Theories Paper The heart of nursing has always been caring. Since the start of professional nursing with Florence Nightingale, theorists have been writing about caring. This paper highlights three caring theories Madeleine Leininger, Jean Watson, and the combine theory of Patricia Benner and Judith Wrubel these theorists each has developed a theory of caring. This paper will examine each by comparing and contrasting on how each looks at caring. Leininger Madeline Leininger developed her first theories in the mid-1950s. Her main theory is transcultural nursing and caring theory. This theory was formed by an inadequate knowledge of cultural factors that represented a missing link to providing quality nursing care. Leininger believed that caring is universally present in all cultures (Nelson, 2006). Leininger’s definition of caring for nursing is “the central and unifying domain for the body of knowledge and practices in nursing’ It is critical to human growth, development and survival and has helped human beings through cultural evolution” (Cohen, 1991). Leininger’s transcultural theory of nursing her assumption human caring is a universal expression. However, patterns vary among different cultures. Caring has multiple dimensions of biophysical, psychological, cultural...
Words: 1722 - Pages: 7
...Historical Development of Nursing Timeline NUR/513 - THEORETICAL FOUNDATIONS OF PRACTICE DOLORES DIEHL University of Phoenix March 10, 2014 Nursing science was defined in 1978 by Donaldson and Crowley as “principles and laws that govern life process, well- being, and optimum functioning of human beings-sick or well…; patterning of human behavior in interaction with the environment in critical life situations… and process by which positive changes in health status are affected (Donaldson, S. K. & Crowley, M. 1978 p. 113). The definition of nursing science was recently noted by U. S. National Institutes of Health which wrote that the “ ultimate intent of the knowledge generated through nursing research is to provide information for guiding nursing practice; assessing the heath care environment, enhancing patient ,family, and community outcomes; and shaping health policy” ( U. S. National Institutes of Health, 2005, p. 72). These definitions are all stepping stones from the very first person that said there is a need for better care delivery for those who are sick. The founder of nursing was Florence Nightingale’s and she wrote a book titled “What it is and what it is not. Florence‘s book outlined the bases for nursing practice in a time when the simple rules of health were only beginning to be known. The topics were of vital importance not only for the well-being and recovery of patients, when hospitals were riddled with infection, when nurses...
Words: 730 - Pages: 3
...HEALTH SCIENCE JOURNAL ® VOLUME 5, ISSUE 4 (2011) The Value and Significance of Knowing the Patient for Professional Practice, according to the Carper’s Patterns of Knowing Marianna Mantzorou 1, Dimos Mastrogiannis 2 1. RN, MSc, Lecturer, Department of Nursing Β΄, Technological Educational Institute (TEI) of Athens, Greece 2. RN, MSc, Lecturer, Department of Nursing, Technological Educational Institute (TEI) of Lamia, Greece Abstract Background: Τhe scientific value of man relies upon an extension of a continuous effort of mankind to explain the nature of man. The core issue in nursing is man within his entirety. The aim of the present study was to review the literature about the Knowing the Patient for Professional Practice, according to the Carper’s Patterns of Knowing. Method and material: In this paper the four patterns of knowing according to Carper will be analysed. According to these patterns, a description of the meaning and strategies of " knowing the patient will be made. Finally the significance and value of it will be discussed, with specific referance to: skilled clinical judgement, involvement, patient advocacy, and clinical learning about larger populations. CINAHL and Medline were the basic data bases used for this literature review. Results: The process of knowing encompasses empiric, aesthetic ethic and personal elementsOn the other hand, " knowing the patient‖ acquires two broad dimensions: a) knowing the patient's patterns of responses and b) knowing...
Words: 6783 - Pages: 28
...how nurses work today. As time went by, different events throughout history such as wars and epidemics had shaped nursing to its present organization. Nowadays, nursing is pushing further towards the future in improving itself as a profession for better care and service to the community. The objective of this paper is to discuss the historical development of nursing timeline, relationship of nursing science on the profession and influences nursing science has on other disciplines. Historical Development Nursing as an organized discipline, made its first significant impact during the Crimean War in 1853. Florence Nightingale considered as the founder of nursing, created the initial model on nursing science. Her theory became the initial foundation and cornerstone in nursing. Her main goal is on changing the environment to facilitate care, nourishment, and recovery. Her views suggested that nursing is about not only giving medicines and about treatment, but environmental factors are also vital in directly affecting one’s health status. In 1952, Hildegard Peplau described the nurse-client relationship. Her principles revolved much on the interpersonal relations between the healthcare provider and the client .The nurse-client relationship had become an important aspect of nursing science, as we know today. Therapeutic communication is an important tool that nurses use to relay compassion and care to their patients. In 1955, Virginia Henderson formulated...
Words: 1038 - Pages: 5
...Current and Future Nursing Models That Guides My Nursing Practice Leila Pinter Concordia University Nursing Theory MSN 834 Dr. Tracy Shannon February 15, 2015 Current and Future Nursing Models That Guides My Nursing Practice Nursing theories are what we base our practice on. It is not only the basis for our practice but also patient care, nursing research, education, and personal and professional development. It allows us to understand and analyze our practice, draw inspiration from them, and guide us with those tools to improve patient outcomes. I align myself most closely with Patricia Benner’s Model From Novice to Expert. The concept of Benner’s theory states that you acquire knowledge and skills over time with practice and experience. Current Model Current Practice I recently left my position as an emergency room nurse and now practice as a case manager for a health insurance company. My roles as a nurse have changed over the years, and prior to leaving the emergency department I was a charge nurse and the trauma coordinator. It was my job in both of those positions to be a leader, mentor and resource person. I was usually the most experienced person in the department, therefore the person to assist when questions would come up or critical situations would arise. As the trauma coordinator, it was my job to know the ins and outs of the program and ensure we are following the recommended guidelines, and prepare for our certifications. I worked closely...
Words: 2692 - Pages: 11
...The aim of this assignment is to demonstrate that I can through critical reflection, evaluate my performance as a mentor to a student nurse I have been working with on the ward. According to the Nursing and Midwifery Council (NMC) (2006) the term mentor is used to denote the role of a registered nurse who facilitates learning and supervises and assesses students in the practice place. They furthermore identify the eight mandatory standards that must be achieved to become a mentor, and within the assignment I shall be referring to the Standards to Support Learning and Assessment in Practice; NMC standards for mentors, practice teachers and teachers, and identifying the standards for mentors required (SM). This assignment will first look at the personal and professional reasons why I wanted to undertake the mentorship module. It will also discuss the importance of a supportive learning environment in the workplace, and how essential it is. My role as a mentor to a nursing student will be evaluated, looking at the way in which I supported her on the ward and how I facilitated this. In conclusion, I will identify my own personal development in undertaking and completing this module. As a registered nurse on a busy Paediatric ward I always enjoy supporting student nurses whilst they are on placement with us. There is an apparent shortage of qualified mentors on the ward, and within my last personal development review with my line manager I identified a need to attain the mentorship...
Words: 3142 - Pages: 13
...Historical Development of Nursing Timeline Nursing has evolved greatly as a profession. Nursing has become an independent practice with its own theory practice, models and distinct interventions (George, 2011). Through the years, nursing leaders have developed many nursing theories that guide our practice today. Their research and contributions to the nursing profession has shaped our present-day practices. This paper will delineate the historic development of nursing science, focusing on the most widely known and used theories. This paper will also canvass the influences of these concepts in the development of the nursing profession, and multidisciplinary influences. Development of Nursing Science Florence Nightingale (1859) Florence Nightingale is considered the mother of nursing. In 1859, Nightingale published her book Notes on Nursing that has “directed nursing practice for over 150 years” (George, 2011, p. 9). She believed that the force for healing resides within the human being and that if the environment is appropriately supportive, humans will seek to heal themselves” (George, 2011, p. 25). Her environmental theory is a valuable concept, which is the basis of nursing practice today. It is applied in all the fields of nursing. 1950s Theories Hildegard Peplau (1952). Hildegard Peplau introduced her interpersonal theory. Her theory focused on the relationship of the nurse and the patient. She believed that there is growth for each individual- the nurse and the patient-...
Words: 1649 - Pages: 7
...Scientific Inquiry Javier Bryon AIU Online Abstract By using the controlled experimental method we can prove or disprove hypothesis in question. During the experiment we can come to a conclusion on whether further experimentation is needed or other hypothesis need to be implemented to solve a question. Introduction Blue porch ceilings are quite prevalent along the east coast, there are many theories as to why, from keeping evil spirits out of the home to fooling spiders and wasps into thinking that the ceilings are actually the sky. Many old houses around the Victorian and Colonial era bear this color in their porches due to the popularity at the time, but even now the popularity of the color is prevalent. Besides keeping evil spirits from entering the homes and fooling bugs, the blue ceiling reminds the owners of the blue skies even on cloudy days. Hypothesis The blue paint used in the painting of porches of the Victorian and Colonial homes contains an ingredient that repels insects, a natural insecticide used in the popular paint color. Prediction If there is an ingredient that naturally repels insects in the blue paint then the results should be obvious. Painting two porches ceilings one with blue paint and another one with white paint should demonstrate that the one with blue paint is bug free during the time of the experiment. Controlled Experimental Method First three enclosures were built; enclosure number one ceiling is painted sky blue. Enclosure...
Words: 662 - Pages: 3
...Testing A Theory PSY/201 May 12, 2013 A couple of years ago, I decided to test a theory on myself by trying to lose fight while gaining more muscle mass. I have heard so many different theories on how to lose fat while gaining muscle mass, but I could not find a good routine that gave me the best results. Before I began my research, I had to think critical about what was causing me to gain fat, and why my workout routine was not as effective on myself as it was for others. I began to search for credible sources on the Internet, so that I can have a better understanding of the relationship between nutrition and the human body. Once my understanding on nutrition was clear, I then began to do research on fat burning and strength conditioning. After my research was complete, I began to test these theories on myself. I created a chart that kept track of each exercise, the amount of repetitions completed, weight loss or gain, and body fat percentage. I used this chart to compare my before and after results within 90 days, and the end results were stunning. I could lower my body fat percentage, and gain more muscle mass, which was exactly what I wanted. The type of informal research that was used to test this theory was experimental research. According to the textbook, Psychology and Your Life, it tells us about experimental research, which states, “Investigator produces a change in one variable to observe the effects of that change on other variables” (Ch. 1, pg. 33)...
Words: 464 - Pages: 2
...scientific method was trying to plant roses and trying to keep them alive. I would plant the roses and water them and even planted them in the sun. I would not try to figure out why they would keep dying. If I would have went through and tried fertilizer and tried to figure out why they kept dying then I would have at least came to a conclusion. If I would have found out how to take care of roses and then started to water them the way they are supposed to be watered and gave the roses the fuel they need to live they would not have died. I would have first seen how to take care of roses. Then I would have measured out the water and how much sun they needed and applied that then tested my theory I could have seen if they would have lived. If the roses had died after that then I would have tested other theories to see what works like trying to put fertilizer around the base of the rose bush to see if the ground was not the reason the roses were dying. If the ground does not have enough nutrients then the roses would not have been able to get the food it needed from the...
Words: 370 - Pages: 2
...Scientific Method Sharon Childers Unit 1 Individual Project May 5, 2013 Biology American Intercontinental University Biology is the study of life. When studying Biology one will study the way organisms live and their lives. How are humans created? How are cell formed? What is DNA made of? All of these questions are some form of Biology. Even the color of certain birds is a part of Biology. When dealing with the Sciences you will come across the Scientific Method. This method consists of: Question, Hypothesis, Research, Experiment, Analysis and Conclusion. Below we will discuss a question and complete the steps of the Scientific Method to come up with an answer to the question. Question Do ruby-throated hummingbirds prefer some colors more than others when visiting flowers? Hypothesis In my opinion I believe hummingbirds prefer bright colors opposed to darker colors. The hummingbird has a red throat so considering that I would think they prefer red or something similar to red when it comes to picking flowers to visit. Research Ruby-throated Hummingbirds are primarily in the United States. These small birds are hard to find in the sky because they are only 2-3 in and can flap their wings 53 times in one second. That’s kind of hard to believe or even imagine. When it comes to the type of feeder a hummingbird feeds on doesn’t really matter. They tend to eat from any kind of feeder. When it comes to flowers they prefer, red and yellow are their preference...
Words: 407 - Pages: 2
...relevant to modern society. Poverty tends to be the greatest ill that plagues the Filipino as a society. The poor ranges from poor, very poor, and to the very, very poor. The topic URBAN POOR was selected from a group of topics given and then given emphasis by the author according to the relevance of this specific group in today's world. Each condition is specifically analyzed in different aspects and parts to further understand the study. In doing so, one will be able to broaden one's ideas and analysis in certain conditions in relation to the topic about Urban poor. This will also have an analysis of their general condition using a theory application- which most probably is CONFLICT THEORY, a theory discussed in class with relation to the Sociological Theories presented. This paper was developed as a requirement and further study of the Sociological Theories presented in class and as a meaningful output of all the lectures and discussions that happened during class. Analysis was done by choosing a theoretical orientation from the ones discussed in class. Students and professionals are the intended audiences of this study. This study will hopefully be of help in the development of concrete analysis and plans not just towards the Sociological development of the urban poor, but of the holistic development as well. The informations contained in this study were based on researches provided by related literature and on- line based sources, more of secondary sources. Sources related...
Words: 323 - Pages: 2
...Fuller, Morris, Elwell, W H Kent, and Kohler. There were also many different views on the atonement expressed. One particular author who’s work that stuck out to me was L Morris. Within Morris’ writing it seamed that several views on the atonement were touched. The thing that struck me about all the different viewpoints is while some of the views could seem as if to build off of each other, other views contradicted each other. For instance the Moral Influence theory insists that man’s sin is taken away when he answers in love to Christ’s sacrifice. This Moral Influence theory shares some similarities with the Sacrifice theory, which states that Christ’s sacrifice is the important component in atonement. Another theory that Morris discusses, Atonement as Victory, takes the Sacrifice theory even further and states that God’s strength is the driving force behind the atonement. There were many more theories discussed my Morris and the other authors that can be discussed but it seems to me that none of theses ideas or theories seem to present a solid model that can be steadily applied to the teachings of Scripture. When it comes to Dr. Elmer Towns view of the...
Words: 530 - Pages: 3
