...present. The paper then calculates separately the discount factor and Coefficient of CRRA for Pakistan. Comments 1- When assigning the proxy of expected inflation to lagged value under the assumption of adaptive expectations, authors do not refer to any previous work that have utilized such assumption and resulting implications. 2- It would be better had a scatter been introduced instead of Table 1 to make the inverse relationship between RIR and discount factor more visible. Furthermore, authors have neglected the observations of Venezuela which seem as an outlier 3- Moreover, the authors could expand the discussion by incorporating the probable impact of monetary regime followed by respective central banks (e.g. inflation targeting, taylor rule etc) 4- For coefficient of CRRA, the ADF test (Table 2) doesn’t specify whether the constant or trend has been included or not in ADF test application. 5- While the authors argue that the coefficient of Risk Aversion as well as Discount Factor are significant, the P-Values reported in Table 3 for both variables are insignificant at 5%. The authors however argue that since the magnitude is different from zero to a certain degree, the coefficients are significantly different from zero and neglect the pvalue insignificance in their discussion....
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...This novel portrays this theme very well from the setting to the character’s thoughts. The novel takes place in a very quiet town, with ,the main character, Taylor. Taylor’s home isn’t really a “home” at all; it is full of depressing things and many deplorable problems. Throughout the story, Taylor deals with many issues but stays strong through the chaos. One important lesson readers can learn from Laurel Lindt’s The SkiBoarder is whatever happens, you can’t give up. One example of this was when Taylor fights with her mom and won’t accept that she has Schizophrenia. This scene shows how Taylor...
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...In this world, it is almost impossible if people live without rule. Rules are made to stop anarchy and to provide order. People need to be accountable for their actions so rules are needed. However in reality, some people still do not follow the rules or even they don’t care about the rules at all. This action of breaking rules or laws is called crime. Nowadays, the reported cases of crime all over the world are alarmingly increasing. It is believed that the main reason behind this is the rise in population which will lead to unemployment. The crime can be reduced with the involvement of the government to the society. Firstly, I would like to state that the population of a country will be the first and foremost reason behind this increase in crime. Take Indonesia for instance, it is a developing country and in the prevailing scenario its population is sharply increasing, which creates a significant number of problems. With respects to that, unemployment is the major one, because of that, educated and sophisticated people survive without jobs and result in indulge in the crime to bear their expenses. To combat this grave problem, governments can arrange educational classes and programs to increase public awareness about the adverse effects of the increase in population. If the increase rate of population decrease, there will be less unemployment which will of course decrease the number of crimes. Eventually, after analyzing all the views, I would like to conclude that...
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... found the history of St. Francis to be interesting and inspiring. His resolve to glorify one master, God, was remarkable. The new order rules of St. Francis were concise and strict. His rules seem to be dependent on one another. Obedience to God was carried out in his daily work, consisting of prayer and worship, which are two more new order rules. Prayer was so important that St. Francis and his followers would bind themselves with rope while they slept so not to disturb others in prayer. I can’t imagine doing this or taking a vow of poverty. The rule of poverty is extreme to me. He wore rags and owned nothing. He underwent a severe change from that of a party person to one that follows such strict and extreme rules. He had a love for only God, which is shown in his chastity rule. He would not let himself or his followers be tempted by the opposite sex. All the rules put forth by St. Francis seem unimaginable to me. However, the sacrifices made by him caused others to take notice and listen. A positive aspect of the new order rules is no responsibility of possessions. Owning items itself is a responsibility. The rule of poverty would remove this responsibility allowing focus on worship and prayer. Today, we put too much value on material things. The new order rules value only God. Simplicity of daily life would be another positive aspect. No other obligations or thoughts except obedience, prayer, and worship...
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...The rules proposed by Robert B . Reich are all important in making one an invaluable employee able to sustain the organizational success over a prolonged time period in the age when change is sudden and quick . The company has to be able to manage change and at the same time provide continuity to its actions , keep its identity in all the time of its existence . To achieve this , the management and employees have to meet the needs of today 's rapidly changing society For the company as a whole perhaps the ninth rule is the most important : Just do it ' Indeed , many companies are losing their share of the market because they prefer to stay where they are and enjoy what they have done in the past , rather than grasp the moment and make changes that will update their products and services . Thus , Sony Corporation is in many ways losing ground to its previously more modest competitors such as Samsung because they are more proactive and are able to seize the day and put innovative stuff in the market People are perhaps the most important factor of business because in the long run it is people that generate all the benefits . That is why the first and second rules are so useful in creating an efficient workforce I they give supervisors a chance to look at the familiar things from a new perspective . Sometimes it helps to have someone fresh to assess what has been going for years without change simply because no one gave it a thought . At the same time the legacy of the...
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...The Art of Love, written by Ovid, was a set of three books, the first being a guide or rule book on how to “pick-up” women and the second book a rule book on how to keep the woman you have or “caught” satisfied and interested in you. The third and final book that he wrote was written for women on what to do to catch and keep a man, since he felt it was only fair for women to also be “armed” when it comes to picking- up men. The rules that Ovid describes in The Art of Love are similar to the rules that most people follow in the “cruising and catching” game because they are effective and produce results, although not all the rules described in Ovid’s book are still used, a great majority of them are and have not changed after so many years. My overall perception for Ovid’s poem would be that of surprise. I would describe it as surprising because the “moves” that were implemented thousands of years ago are still very accurate and being used today. What Ovid’s poem tells me is that the “game” between men and women has not changed even though men and women have. Although most of the rules that Ovid writes about are now common sense in the dating world, such as choosing the best place to meet women just as fishermen know the best places to cast their nets to catch fish, and are followed by everyone. Ovid’s poem must have been written by experiences that he had and by the experiences that yielded the best results. In order for him to write a poem that describes what goes on today...
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...on your blog. 2. Label your tolerance level for abusive comments. 3. Consider eliminating anonymous comments. 4. Don't feed the trolls. 5. Take the conversation offline, and talk directly, or find an intermediary who can do so. 6. If you know someone who is behaving badly, tell them so. 7. Don't say anything online that you wouldn't say in person. After reading the seven rules I have to agree with them and they should be followed because they are very down to earth things that all people can follow and they clean up messes if people follow them. If you follow step 1 you will stop all the baiting that happens in most online forums. Step two informs your viewers of potentially subjects that may arise to keep issues that might start from even occurring and this helps keep younger views away from said sites. I believe that rule three is the best one of them all because people typically say things they would not if they believe no one knows who they are that is a very normal human instinct. Step four keeps your users from leading on conversations that normally would not be happening. Rules five and seven are very similar in the mindset that you are talk straight to the person and not a group which gives you a much different aspect with the other user that really changes how a conversation is talked about. These steps are very compatible with Freedom of speech because it doesn’t stop you from posting it just giving you an outline of thing to not doing while posting...
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...On Reasonable Accommodation INTRODUCTION Our modern society has long been governed by classic liberal notions advocated by thinkers such as John Stuart Mill and John Locke, Emmanuel Kant. A traditional conception of equality is generally prioritized in their work, outlining a highly formal approach premised on uniform treatment, colour-blindness and an emphasis on the Rule of Law. However, in the contemporary context of today, such an ideological hope tends to play the role of the ignorant fool, who disregards the complexity of our society. We are in need of a system that opens its eyes, stops hiding behind a “veil of ignorance” (Sandel, 1998:24) and adopts a more flexible approach. The Bouchard – Taylor Commission demonstrates exactly this notion. This essay will argue in favour of one of the major claims made by Gerard Bouchard & Charles Taylor, that reasonable accommodation, in essence a more substantive equality perspective is a necessary, if not mandatory approach that a multicultural society is in dire need of adopting, clarifying and deeply enforcing. I will discuss the logic and rational that underpins harmonization measures by exploring how social norms & ideologies have played an especially important role is systemic discrimination, then, how Canadian Law and legal institutions have played a role in constructing and maintaining racial stereotypes, and then, how the media plays an especially vital role in further denouncing minority groups. I will then provide...
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...see that we need x > 0 for ln(x) to make sense. But we are not done! The output of ln x for positive x can be any real number, and in order to make the output of ln x the input of the square root function, we must make sure that we restrict to only those values of x for which ln x 0. Since ln(1) = 0 and natural log is an increasing function, we see that the output of ln x is positive for any x 1. Thus, the domain of f is all x 1, or all x in [1, +∞). Problem 2 This problem tests your ability to compute Taylor series of a composition of functions if you know the Taylor series of each individual function. In short, you have to stuff Taylor series into Taylor series! Moreover, knowledge of big-O is extremely useful in this problem since it helps you figure out where to truncate the series. 1 Question: What is the Taylor series of ln 1−x about x = 0 up to and including terms of order 3? 1 Answer: ln 1−x = x + 1 x2 + 1 x3 + O(x4 ). 2 3 1 Let’s see: we should all at least know the Taylor series of 1−x about x = 0 since it is just the geometric series! That is, 1 = 1 + x + x2 + x3 + O(x4 ). 1−x Here we have stopped at O(x4 ) because we only need to compute up to order 3. So far so good, but this is not the answer we need. In fact we have to compute the natural log of this entire series. So, how do we approximate the expression ln(1 + x + x2 + x3 + O(x4 )) 1 2...
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...SEQUENCES AND SERIES Finite Series: expression of the form [pic]where each term is formed by some definite rule. Infinite Series: it is of the form [pic] (Example: infinite geometric series with a0=1 and r=1/2) [pic] Sum of Infinite Series (Sn) ❖ The sum of finite series is merely the algebraic sum of all term. (addition) ❖ Infinite series has no sum in ordinary sense. Definitions: The sum of an infinite series is the limit, if it exist, of the sum of a finite number of terms, as the number of terms approaches infinity. ([pic] (Sum of infinite geometric progression) Convergence and Divergence If the series has a sum Sn i.e. if Sn approaches a limit when [pic] Power Series An infinite series of the form [pic] (1) in which a0 , a1, a2, . . . , an, . . . are constants and x is a variable, is called a power series in x. The totality of all values of x for which a power series converges is called its interval of convergence. This interval of convergence always includes the value x = 0, and its range is determined by the ratio test, R = [pic]. Examples. Find the interval of convergence for each of the following series. 1. [pic] 2. [pic] 3. [pic] 4. [pic] 5. [pic] 6. [pic] Maclaurin’s Series A power series of the form [pic]. is called Maclaurin’s series, or the power-series expansion of f(x) about x = 0. It is named for the Scottish...
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...motivated by religious beliefs and the movement of the second awakening, thinking they could reach the natives and convert them to Christianity, others were simply motivated by the economic potential (e.g. fur trade) the west had. Unfortunately many Americans, mostly from the south also sought new lands but for the wrong reasons, reasons such as acquiring more lands for the expansion of cotton cultivation, thus also spreading more slavery. One of the main events that lead to the war was the dispute of boundaries between Mexico and the United States and the union of Texas with the U.S. Mexico did not like the fact the Texas joined the union, in the years prior, Mexico had been at war with Texas trying to get them to surrender to their rule but could not succeed. Another reason that possibly lead to the war was that the U.S. wanted to establish their border at the Rio Grande, but Mexico believed their border was at the Nueces River which was about 120 miles north of the Rio Grande....
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...concentration, for various parameter values. The results agree with results in literature obtained by high order finite difference methods. 1 Introduction Water pollution, resulting from industrial waste discharge into water bodies such as rivers, lakes, streams among others, is a serious environmental concern, having large scale impact on both people and other living organisms in both small and large communities, especially in the riverine areas. An example of this is the accidental spillage of crude oil into water channels in the Niger Delta area of Nigeria, destroying both marine and land animals. In this work we are particularly concerned with the blockage of river channels as a result of excessive pollutant discharge. According to Taylor (1954), spread of pollutants in a fluid flow depends largely on concentration coefficients. These can be determined empirically for each type of pollutant....
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...PROBLEM PREVENTION PLAN Introduction Rules and procedures for the classroom, regardless of the level, are imperative and will be used accordingly in order for a classroom to be effectively managed. The most effect approach to classroom management is effective instruction (Evertson & Pool, 2008). Starting the school year with rules and procedures will set a standard that will set a tone for the remaining school year. This customized plan will focus on a first grade classroom. Rules and Procedures Since students do not share the same knowledge or behavioral characteristics, the classroom will support the diverse learner in many ways. Van Brummel suggests, “To create an optimal learning situation, indicate your expectations clearly.” One of these supports will be classroom rules. These rules will be for the entire classroom, which will be set at the beginning of the school year. The rules will be simple and easy to understand for young students. The rules are as follows: 1. Respect everyone in the class. 2. Follow directions. 3. Be polite. 4. Raise your hand. Respecting everyone in the class is rule that is to include many aspects of classroom activity. This rule can include offensives such as interrupting and disruptive behavior. A classroom has to behave in a way which depicts Christian character. Students are also expected to follow directions, but it is an important class rule, because they need to be able to be ready and have the...
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...• Explain which of the eight steps from “Sherman’s Eight Steps towards Integrity” apply to Dalman and the Location Manager in this particular situation and why. • The Eight Steps toward Integrity include: doing what we say we will do, doing the right thing, taking responsibility, supporting our own weight, holistic thinking, checking the mirror, defining the rules and values. The first step is doing what we say we will do which “includes keeping promises and meeting deadlines… —and often, tough negotiation—prior to making commitments.” (Stratford Sherman). Doing the right thing includes being aware of what’s right and performing the right actions. This also includes accepting the consequences. Taking responsibility is simply taking responsibility for your actions. Supporting your own weight “means functioning as a whole.” (Stratford Sherman). Holistic thinking is “an appreciation of wholeness in the world supports its practice.” (Stratford Sherman). Checking the mirror is taking the time to do an honest review of you or as Sherman said pause for reflection. Defining the rules and values is simply rules about the basics that can be applied to almost anything from couples to organizations. The new laws that Sandwich Blitz is in violation with needs to be corrected. The enclosure that houses the trash dumpster is five feet from the property line. The government inspector has told the unit manager that he would be willing to approve this if Sandwich Blitz provides...
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...of the quirkiness of the English language that fair means according to the relative merits of each or consistent with rules and logic. However, it also means moderately good or satisfactory. So a fair manager can mean either one who treats others fairly or one who is only moderately good as a manager. Our goal is the first meaning. Why Is Fairness Good Management? When asked, a group of almost 2200 people reported fairness as the most important trait of a boss for who whom they would want to work. When you treat your employees fairly they spend less time worrying about who else is getting an unfair share. They don't spend a lot of time looking for ways to increase their own share. They spend less time looking for another job. And they spend more time working for you and getting more done. When you treat others fairly two things happen. Your own employees notice and respect you for it. It reinforces their belief that you are treating them fairly and will continue to do so. Second, the other people who you treat fairly will respond in kind. You will get better cooperation from them. That makes your job and the job of your employees easier too. How To Be A Fair Manager A good manager is one who treats everyone fairly. That means his/her employees, but also his superiors, her peers, employees in other departments or companies, everyone. * The golden rule When you are fair, you treat others as you wish they would treat you. * No favorites A manager who is fair does...
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