...October 4, 2012 Daniel Ellsberg, was the person who released the Pentagon Papers to the public because the United States involvement of the Vietnam War and also there were many secrets that government officials were not allowing the public to know. Ellsberg’s career began when he entered the marines in 1954 and he started to deliver lectures at Harvard as a junior member board; during that particular time Henry Kissinger took notice to Ellsberg rational lectures. Ellsberg soon began to work as a strategic analyst in the Santa Monica office of the RAND Corporation. The RAND Corporation was the beginning of an opportunity, unbeknown to Ellsberg having clearances to top secret information – would eventually lead him to the release of the Pentagon Papers. Ellsberg became involved in the Vietnam War in 1965. “ I had accepted the official answer,….namely that there was a civil war going on, that we had a right to intervene and pick one side or the other.” Ellsberg, like many Americans in the U.S had trusted and believe that their government would guide them right for the U.S involvement in Vietnam. In 1967, Ellsberg became more concerned by the continuing violence of the war and how the U.S continued to brainwash the public through the media that the war was for the right cause. “The programs we were pursuing had no chance of succeeding. We’re not in any way proceeding as people thought they were back in Washington.” At this point Ellsberg felt the U.S should end the brutal war...
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...with standard way of thinking, the charged hero is, obviously, Wikileaks originator Julian Assange, and the exchange of him has run from Raffi Khatchadourian's June picture in The New Yorker, which makes Assange resemble an expert spy in a John le Carré novel, to Tunku Varadarajan's epic muckraking bloviation in The Daily Beast: "With his bloodless, pallid face, his thin hair emptied of all shade, his languorous, exceptionally un-Australian appendages, and his atmosphere of blinding whiteness that seems to concede no subtlety, Assange looks every last bit the flippant, uber-geek blackguard." Some have gotten for making Assange bankrupt" (regardless of the fact that we must maltreat universal law to do it), while others, going from Daniel Ellsberg to Assange himself, suppose he is (in Ellsberg's statements) "in some threat." I don't question that Assange is in peril, yet regardless of the possibility that he is made bankrupt by capture, death or character indictment with charges of sexual offense, it might not stanch the stream of mystery reports into the general population area. To think generally is a failure that reflects a huge misjudging of the way of Wikileaks and the subculture from which it developed… It has long been a moral rule of hackers that thoughts and data are not to be...
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...boy said he can beat. all of us up he told that to Shawn Swagging Cannon and Scream'Janee Pleashh and he be false claiming and then he said he beat jaheed up already when he really didn't and he said he beat some one up twice as big as u so he knows he can beat yo ass and he said he was fresher than u when he where the same converse everyday Yesterday at 12:53am via mobile · Like * Josh Howze ooo...YEA SHAWN TLD ME WHO WAZZ TLKIN SHITT ITS WAZZ DIS NIGGA NAME DANIEL IMA HANDLE BREH MONDAY RNS FRFR HE A FUCK NIGGA ANDD IFF HE TCH JANELLE ITS OVA FOE IT FRFR RNS ANDD I ASKED HIM WAS HE TLKIN SHIT HE SAID NOO WIDD NA SCARED FACE DF BITCH NIGGA Yesterday at 12:58am · Like · 1 * Jason Centeno Who Y'all Talkin Bout.? Yesterday at 10:10am via mobile · Like * Josh Howze dis niqqa name daniel Yesterday at 10:12am · Like * Denise Anderson ooooh . He in my 3rd block ! he said yall sware yall about that action but yall all talk . Yesterday at 10:14am via mobile · Like · 1 * Jason Centeno Daniel Who.? Yesterday at 10:15am via mobile · Like · 1 * Josh Howze its OVA FOE BREH MONDAY FUCKK DATT Yesterday at 10:30am · Like · 1 * Shawn Swagging Cannon Bruh dnt even worry bout him I already feed him and I will do it again Monday and Jason Centeno he said u next on his list about an hour ago via mobile · Like Bottom of...
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...THE JOURNAL OF FINANCE • VOL. LVI, NO. 4 • AUGUST 2001 Investor Psychology and Asset Pricing DAVID HIRSHLEIFER* ABSTRACT The basic paradigm of asset pricing is in vibrant f lux. The purely rational approach is being subsumed by a broader approach based upon the psychology of investors. In this approach, security expected returns are determined by both risk and misvaluation. This survey sketches a framework for understanding decision biases, evaluates the a priori arguments and the capital market evidence bearing on the importance of investor psychology for security prices, and reviews recent models. The best plan is . . . to profit by the folly of others. — Pliny the Elder, from John Bartlett, comp. Familiar Quotations, 9th ed. 1901. IN THE MUDDLED DAYS BEFORE THE RISE of modern finance, some otherwisereputable economists, such as Adam Smith, Irving Fisher, John Maynard Keynes, and Harry Markowitz, thought that individual psychology affects prices.1 What if the creators of asset-pricing theory had followed this thread? Picture a school of sociologists at the University of Chicago proposing the Deficient Markets Hypothesis: that prices inaccurately ref lect all available information. A brilliant Stanford psychologist, call him Bill Blunte, invents the Deranged Anticipation and Perception Model ~or DAPM!, in which proxies for market misvaluation are used to predict security returns. Imagine the euphoria when researchers discovered that these mispricing proxies...
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...is unstable and heavy beginning with the head. (606-539 B.C) b) This statue in Daniel’s interpretation is followed by a chest with arms of silver which represent the Medo-Persian noted as a “dual empire”. (539-331 B.C.) c) The third kingdom is preceded by the belly and its thighs of bronze which represent the Grecian Empire. (331-323 B.C.) d) Another kingdom which follows is the Empire of Rome which signifies the legs of iron in Daniels’ dream as he interprets the dream of Nebuchadnezzar. It also has it feet and toes partly baked clay and partly of iron, which represents a divided kingdom It is important to note that beginning with the head of gold to the legs made of iron and feet and toes partly baked of clay and iron are deteriorating in fineness, but do increase in strength. There is division in these kingdoms which represent the two legs (eastern and western empires) and these are once again divided into kingdoms which represent the ten kingdoms that the Stone strikes (Second Coming of Christ). In chapter 7 of Daniel has another dream which is given to him of four world empires. a) The lion had wings of an eagle, yet its wings were torn off and it was lifted from the ground so that it stood on two feet like a man, and the heart of a man was given to it. This represents the Empire of Babylon. b) The second Empire was the Medo-Persia which looked like a bear. It was raised up on one of its sides (had more strength on one side than the other), and it...
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...THE ART OF FICTION by Henry James [Published in Longman's Magazine 4 (September 1884), and reprinted in Partial Portraits (Macmillan, 1888); paragraphing and capitalization follow the Library of America edition.] I SHOULD not have affixed so comprehensive a title to these few remarks, necessarily wanting in any completeness, upon a subject the full consideration of which would carry us far, did I not seem to discover a pretext for my temerity in the interesting pamphlet lately published under this name by Mr. Walter Besant. Mr. Besant's lecture at the Royal Institution--the original form of his pamphlet--appears to indicate that many persons are interested in the art of fiction and are not indifferent to such remarks as those who practise it may attempt to make about it. I am therefore anxious not to lose the benefit of this favourable association, and to edge in a few words under cover of the attention which Mr. Besant is sure to have excited. There is something very encouraging in his having put into form certain of his ideas on the mystery of story-telling. It is a proof of life and curiosity--curiosity on the part of the brotherhood of novelists, as well as on the part of their readers. Only a short time ago it might have been supposed that the English novel was not what the French call discutable. It had no air of having a theory, a conviction, a consciousness of itself behind it-of being the expression of an artistic faith, the result of choice and comparison. I do...
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...Carice Sasso Keller Graduate School of Management-Devry Conflict Resolution in office romance Professor: Charles Desjardins GM570- Managing conflict in the workplace 11/12/11 Conflict Resolution in office romance Conflict is inevitable. It is a normal way of life. How we as individuals perceive each other depends on our ability to effectively resolve problems and how we cope with managing change. Some of us are unable to adapt to change therefore, it is expected that conflict will occasionally occur. There are different types of conflict that occur in our daily lives as well as in the workplace. However, the topic I choose to discuss as part of this conflict resolution paper is office romance that causes conflict. As we all are aware office romance is very common today in our society. It is no secret that people often find love on the job. There is a level of comfort and closeness that we share with our subordinates that we sometimes tend to fall in love with them. Office romance is dependent on a number of factors. Office romance can have both positive and negative effects on the working environment as well as work performance. It can cause conflict in the workplace, especially if it is a supervisor-subordinate relationship. It can affect the productivity of employees and may lead to sexual harassment and other claims. It can make co-workers uncomfortable and it can be dangerous...
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...------------------------------------------------- ------------------------------------------------- Final Exam – 2012 ------------------------------------------------- General Mgt Competency For Global Competitiveness Individual Assignment : ------------------------------------------------- “What Would Me Want to Become” Course Facilitator : Mr. Novianta Hutagulung Due Date : Tuesday, 24 July 2012 Name | Student ID | Signed | Date | Riri Afrianika | 1111050022 | | Tuesday, 24 July 2012 | “I hereby declare that the attached assignment is our own work and understand that if I am suspected of plagiarism, cheating or any form of Academic Misconduct, our work will be referred to the Board of Examiners, which may result in me being expelled from the program. Passion became the cornerstone and Foundation, the reason of everything or can say our foundations in life. Once we know what's what and his passion in what, we can map out our personal name SKSA (Strength, Knowledge, Skill and Attitude). After we analyze we can see to run the passion and finally reached the goal of just about any skill required, nature and nuture skill. If nature and nuture it already could be controlled, we can have no such thing as a Unique Selling Propotion, which means we have a uniqueness that other people do not necessarily have, that makes us able to achieve goals more quickly and effectively. Having a purpose like us a lot well here letah USP as a tool to compete as well. In the...
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...significant part of their lives in England, or Scotland, or Wales, or Northern Ireland (or Ireland before 1922)]. However, given the nature of the subject, this guideline has been applied with common sense, and reference is made to novels in other languages or novelists who are not primarily British where appropriate. Portrait of Samuel Richardson by Joseph Highmore.National Portrait Gallery, Westminster, England. Contents [hide] 1 Early novels in English 2 Romantic period 3 Victorian novel 4 20th century 5 Survey 6 Famous novelists (alphabetical order) 7 See also 8 References Early novels in English[edit source | editbeta] See the article First novel in English. The English novel has generally been seen as beginning with Daniel Defoe's Robinson Crusoe (1719) and Moll Flanders (1722),[1] though John Bunyan's The Pilgrim's Progress (1678) and Aphra Behn's Oroonoko (1688) are also contenders, while earlier works such as Sir Thomas Malory's Morte d'Arthur, and even the "Prologue" to Geoffrey Chaucer's Canterbury Tales have been suggested.[2] Another important early novel is Gulliver's Travels (1726, amended 1735), by Irish writer and clergyman Jonathan Swift, which is both a satire of human nature, as well as a parody of travellers' tales like Robinson Crusoe.[3] The rise of the novel as an important literary genre is generally associated with the growth of the middle class in England. Other major 18th century English novelists are Samuel Richardson (1689-1761)...
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...In Sonnet 75 of Edmund Spenser’s literary work, the statement love is everlasting and love is transitory both corresponds to the overall theme and context of the sonnet as supported by the verses found in text. There are three key points that are evident throughout the piece: 1. The speaker believes the his lover should be able to live forever although death occurs naturally; 2. His lover believes his attempts are all in vain and he cannot prevent life and time to metaphorically wipe her away; 3. The sonnet presents a theme that provides two paradoxical perspectives, one just as valid as the other. The setting of this sonnet is at a beach where the speaker is writing his lover’s name on the sand. His writing is washed away by the tide so he wrote it again yet his writings still suffered the same fate. In the sonnet, the tide/water is personified as a provider of pain to the speaker. The speaker’s wife steps in telling the speaker that all his actions are in vain since he cannot stop the tide from rushing in. Metaphorically speaking, the tide represents death that sweeps in continuously upon life and the act of the speaker’s lover stepping in simply shows that she believes that all the speaker’s actions are in vain for he cannot stop death from taking her from him and from time fading out her name. The waves signify time, a constant reminder of the cruelty of love and a reminder of the ephemeral nature of life. The speaker’s lover believes that she will “wash away” like her...
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...A Behavioural Finance view of the Deepwater Horizon Disaster of 2010 INTRODUCTION The Deepwater Horizon disaster of 2010 was the largest accidental marine oil spill the oil industry has ever seen. It claimed 11 lives and caused huge environmental damage on the shoreline of the Gulf of Mexico by discharging circa 4.9 million barrels of oil. There have been numerous enquiries and studies into the accident to try to understand what happened, the goal of the enquiries was to establish where the fault and therefore guilt lay in order to ascertain compensation. This report attempts to apply key concepts from behavioural finance with a view to understanding the thought processes behind the decisions that were made. In the last decades there have been a lot of studies documenting the impact of psychological traits on the decisions made by managers. This report while touching on them, will not go into detail regarding the various technical difficulties encountered on the Deepwater Horizon and will instead focus on understanding the thought process of the various players involved. We will also briefly cover BP’s historical safety record as this will help us understand some of the behavioural factors in play within the organization. While BP was the principal on the Deepwater Horizon rig there were also other parties like Transocean , the rig operator, Halliburton, who operated in a consultancy position, Anadarko and Schlumberger. These companies played a part in the crisis and their...
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...Over the summer of my junior year of college, I interned for Automated Health Services in the Human Resources Department. During my time there, they were doing a lot of hiring for the call center. The call center was in charge of both incoming and outgoing calls, for those that needed questions answered regarding Medicare recipients, for example the closes doctor’s offices. As Automated Health Services won more and more contracts with different government programs for different states, the call center expanded. They decided they needed to hire more customer service representatives bilingual in Spanish. Several were hired in the next month. It did not take long before we noticed the ratio of bilingual representatives to callers. Most, spent the day speaking English with very little translation needed. The director of human resources had me investigate the situation. I was to determine why we had a need for bilingual representatives, more specifically Spanish representatives if the call mass was not evening out. I realized that the manager that had made this decision had based it upon two behavioral heuristics. She first chose Spanish because of how many employees of Spanish ethnicity worked there. When she heard representatives speaking in Spanish to each other, she assumed they were on calls. This is an example availability heuristic. She made this call based off of more easily available information. She did not perform an investigation. The second behavior heuristic is that...
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...System One Thinking Everyday that we wake up we use system 1 and system 2 thinking just to get our day started. There are clear differences between the two types of thinking and when we are dealing with system 1 by itself we tend to be dealing with situations where we need to be fast and quick on our feet to come up the answers or reactions that we need. System 1 is defined as “operates automatically and quickly, with little or no effort and no sense of voluntary control” (Kahneman, 2008). So when I think of system one thinking I think of everyday task that I do to get myself through the day, for an example when I am brushing my teeth I don’t have to think very hard and long about where I need to put the toothpaste or how to brush my teeth. When we are dealing with anchoring heuristics and system 1 thinking there are many situations that I can think of where anchoring heuristics may raise some biases when we are using system 1. One heuristic that I can think of is when you are looking to buy a used car from a dealership they have a price set and when you look at the price they are asking you automatically come back with a counter offer. Here we are using system 1 because we don’t have to sit and think very long about the price we want to pay, a lot of times people already have the price in mind for what they want to pay before they even get to the dealership. With anchoring heuristics come cognitive biases, even if it’s not on your end. What cognitive biases are in...
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...Elvio Cardoza Erick Mendez William Olivares Small Business Project Introduction What is your favorite place to go out in Managua? What restaurant do you prefer the most? Those are some of the many questions people from Nicaragua and outside the country ask frequently when they want to have fun in the city of Managua. We as a group found a business opportunity in the market of Managua. We have been doing some research about Nicaraguan market preferences, and we are trying to understand the different needs and wants they have. By asking some specific questions to a few of them we have found some vital primary information. Besides, we have been doing some observatory research to analyze certain behavior from people around different areas of Managua such as Gallerias and Metrocentro. In this project, we are focusing on providing a unique place to the Nicaraguan market where people can enjoy between their families or friends in one spot. This new business will be a two-floor building divided into three main areas: restaurant and bar(first floor), Night Club(second floor). This new place will be named ChillZone. At ChillZone customers will have the freedom to choose where they want to be according to the purpose of the visit. The benefits of this place is that everything is located in the same area, so customers will not have to worry about time and traveling trying to find a place to hang out. We will also provide security and transportation to all our customers. ...
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...is a regular speaker on the subject of behavioral finance and has published several articles on the subject. He is married with three sons and can be reached at michael.pompian@mercer.com. “ Michael M. Pompian describes various biases which we can see in human beings , also tells about various experiments on human beings in his book “ BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT “ and tells “HOW TO BUILD OPTIMAL PORTFOLIOS THAT ACCOUNTS FOR INVESTOR BIASES “ The book is published by John wiley and sons, inc. ,Hoboken , New jersey. Published simultaneously in Canada. The book was published in the year 2006 . SUMMARY : Understanding the use of behavioral finance theory in investing is a important topic these days. Nobel laureate Daniel Kahneman has described financial advising as a prescriptive activity whose main objective should be to guide investors to...
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