real-world economics review, issue no. 46 The housing bubble and the financial crisis Dean Baker [Center for Economic and Policy Research, USA] Copyright: Dean Baker, 2008 The central element in the current financial crisis is the housing bubble. The irrational exuberance surrounding this bubble created an environment that was ripe for the cowboy financing that got Wall Street and the country into so much trouble. Of course the cowboy financing fed into the bubble, allowing it to grow to proportions
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A critical investigation into the issues faced by logistical managers in getting aid to disaster areas Natural disasters are a fact of life for many areas around the world, for example last year alone there were earthquakes in both Nepal and Afghanistan that have broken 7 on the Richter scale, allowing them to be characterised as Major Earthquakes. Generally, features of such an earthquake are shown by by damage to most buildings, potentially, resulting in either partial of complete collapse, often
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Published in: Swiss Journal of Economics and Statistics, 133 (2/2), 1997, 201–218. © 1997 Peter Lang, 0303-9692. Bounded Rationality: Models of Fast and Frugal Inference Gerd Gigerenzer1 Max Planck Institute for Psychological Research, Munich, Germany Humans and other animals need to make inferences about their environment under constraints of limited time, knowledge, and computational capacities. However, most theories of inductive inferences model the human mind as a supercomputer like a
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Journal of Applied Psychology 2008, Vol. 93, No. 2, 453– 462 Copyright 2008 by the American Psychological Association 0021-9010/08/$12.00 DOI: 10.1037/0021-9010.93.2.453 Employee Resistance to Organizational Change: Managerial Influence Tactics and Leader–Member Exchange Stacie A. Furst University of Cincinnati Daniel M. Cable The University of North Carolina at Chapel Hill The authors explored the relationship between managerial influence tactics and employee resistance to organizational
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Managing Foresight for Innovation in Large Firms Lina Bakker & Linn Johansson Summary Corporate foresight has the potential to create competitive advantage by providing strategic orientation and supporting future insights. As humans we apply foresight every day by anticipating the future and preparing for it. Yet, in a corporate context the concept has been much less explored. There is a lack of research covering how to organise for foresight, particularly in an innovation setting. The purpose
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Harvard Business Review May 2010 Beating the Odds When You Launch a New Venture by Clark G. Gilbert and Matthew J. Eyring Smart entrepreneurs aren’t cowboys—they’re methodical managers of risk. For nearly 20 years the case study used to introduce Harvard Business School’s Entrepreneurial Management course has been Howard Stevenson’s “R&R.” It looks at Bob Reiss, an entrepreneur who launches a venture in the board-game industry. Students are encouraged to explore all the production, development
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Unit 1 Research Assignment 1: Exploring Programming Languages Computers don't do anything without someone telling them what to do, much like the average teenager. To make the computer do something useful, you must give it instructions in either of the following two ways: * Write a program that tells a computer what to do, step by step, much as you write out a recipe. * Buy a program that someone else has already written that tells the computer what to do. Ultimately, to get a computer
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1. Compare and contrast traditional Hmong birthing practices with those in the United States. Because the Hmong culture varies so differently from that of American practices, significant traits can be compared from each way of life. One of these differing practices is childbirth. Typically, Hmong women do not go for regular checkups, let alone see any medical professionals, for the duration of their pregnancy. Once it comes time to deliver the child, the mother gives birth in her own home, by herself
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REGULATION FOR CONSERVATIVES: BEHAVIORAL ECONOMICS AND THE CASE FOR “ASYMMETRIC PATERNALISM” COLIN CAMERER, SAMUEL ISSACHAROFF, GEORGE LOEWENSTEIN, † TED O’DONOGHUE, AND MATTHEW RABIN INTRODUCTION Regulation by the state can take a variety of forms. Some regulations are aimed entirely at redistribution, such as when we tax the rich and give to the poor. Other regulations seek to counteract externalities by restricting behavior in a way that imposes harm on an individual basis but yields net societal
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PHYSICS HISTORY OF PHYSICS Physics (from the Ancient Greek φύσις physis meaning "nature") is the fundamental branch of science that developed out of the study of nature and philosophy known, until around the end of the 19th century, as "natural philosophy". Today, physics is ultimately defined as the study of matter, energy and the relationships between them. Physics is, in some senses, the oldest and most basic pure science; its discoveries find applications throughout the natural sciences, since
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