Pricing Model. He shared this award with Merton Miller and economist Harry Markowitz, who’s earlier work, introduced the theory of modern portfolio and diversification. Along with Markowitz (1952), he began the theory of the model in 1956 when he was trying to find a dissertation topic. He built on Markowitz’s suggestions and set out his developed theory in his book “Portfolio Theory and Capital Markets.” (1970). This essay will try to outline the Capital Asset Pricing Model, explain the theory behind
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CHAPTER 1 ECONOMIC MODELS Economic modeling is at the heart of economic theory. Modeling provides a logical, abstract template to help organize the analyst's thoughts. The model helps the economist logically isolate and sort out complicated chains of cause and effect and influence between the numerous interacting elements in an economy. Through the use of a model, the economist can experiment, at least logically, producing different scenarios, attempting to evaluate the effect of alternative policy
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a particular way. We face persuasive advertisements particularly on a daily basis; from the television to magazines. To explain the psychology of persuasion there are various models; the Hovland-Yale model and the elaboration likelihood model. The Hovland-Yale model states that there several factors that will affect how likely a change of attitude through persuasion is, after all behavioural change cannot occur without attitude change also having taken place. The three most prominent factors are
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Models of the Communication Process Abstract We teach the same models of communication today that we taught forty years ago. This can and should be regarded as a mark of the enduring value of these models in highlighting key elements of that process for students who are taking the process apart for the first time. It remains, however, that the field of communication has evolved considerably since the 1960's, and it may be appropriate to update our models to account for that evolution. This
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1. Introduction Extensive research has been conducted on the topic of how media circulation affects political accountability and government policy. Theory predicts that for a higher share of media receivers, political accountability and hence government expenditures increase. Besley & Burgess (2002) give additional insight into this topic by analyzing the impact of media circulation on government responsiveness to falls in food production and crop flood damage in Indian states. The authors use the
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potential future restrictions on alcohol advertising, critically review the debate between the strong or weak theories with regard to the effectiveness of advertising bans. The effectiveness of advertising bans has been a debated for many years. There are two dominant theories of the debate regarding the nature of how advertising works: the strong theory and the weak theory. The strong theory coined by John Philip Jones holds the belief that advertising exerts a powerful persuasive influence on consumer’s
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role in an Organization’s growth and it can be regarded as one of the dimensions for Sustainable Organizational growth. Having a constant motivation level in an individual in an Organization is not possible, however, with better Organization Culture it is possible to instill maximum motivation in an individual for better performance leading to Organization’s sustained success. In this paper the author analyzes his motivation and demotivation situations and how the author was able to motivate a demotivated
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formalising dynamic social theories. In this chapter, these advances in the application of computer simulation to the social sciences will be illustrated with a number of examples of recent work, showing how this new methodology is appropriate for analysing social phenomena that are inherently complex, and how it encourages experimentation and the study of emergence. Social simulation The construction of computer programs that simulate aspects of social behaviour can contribute to the understanding
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expulsion from Indiana Wesleyan University. Open Systems Concept There are many models that affect business and one of them that has been examined for more than fifty years is the systems model of business. In this paper, the authors will examine what the open systems model is versus the closed systems model. The authors will also explain how these systems impact decision-making within an organization, and how The Vera Bradley Company makes decisions in light of using the open systems approach
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Summary The common-sense model of self-regulation of health and illness was developed in the 1980s by Howard Leventhal and his colleagues (Diefenbach & Leventhal, 1996). It was based on Leventhal’s research from the prior decade that studied the effect of fear in relation to health related behaviors. The theory has various titles such as the, Self Regulation Theory, Common Sense Model of Illness Representation or Leventhal’s Theory (Hale et al, 2007). For ease of communication it will be
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