A New House Readiness Essay Example for Free

A New House Readiness Essay When making a decision to purchase a new house, one of the economic principles which one must consider will be that people face tradeoffs. If one decides to purchase a new house, he or she will need to give up things such as a holiday, new truck or what they eat which the same amount of money can purchase. In this case, one will need to weigh the priorities. For example, purchasing a new house may make travelling to school and local services more convenient, however it will require one to give up the purchase of a new car which makes travelling to work more inconvenient. Depending on what the decision maker feels is more important, he or she will decide for or against the decision to purchase the house. One of the principles of economics states that trade can make everyone better off. When trade flourishes, it results in a greater purchasing power. In such a case, marginal costs appear small owing to a better purchasing power among people. In this situation, marginal benefits exceed marginal costs and it would be a good idea to purchase the new house Another economic principle which one should consider will be to think at the margin. This will involve weighing marginal benefits and costs of the decision. In this case, marginal benefits of purchasing the house will be its close proximity which will be close to schools and local services. In addition purchasing a new house will provide cleaner, larger and newer space which will improve living conditions. However, marginal costs will include that of lowering one’s disposable income which will lower their ability to purchase other goods such as baby food necessary for the growth of the child. The marginal costs and benefits of the decision to purchase a house will depend on the other factors such as income level. When income level is low, purchasing a new house will greatly affect the disposable income and purchasing power of the decision-maker, hence it is more likely that the person make the decision against purchasing a new house.

Abraham Lincoln :: essays research papers

Abraham Lincoln   Ã‚  Ã‚  Ã‚  Ã‚  Abraham Lincoln, the 16th president of the United States, was very important to the past history of our country. He helped to abolish slavery in this country and kept the American Union from splitting apart during the Civil War.   Ã‚  Ã‚  Ã‚  Ã‚  At 22, he moved to New Salem, Illinois. With his gift for swapping stories and making friends, he became quite popular and was elected to the Illinois legislature in 1834. In his spare time, he taught himself law and became a lawyer. In 1847, he was elected to the U.S. Congress, but returned to his law practice until 1858, when his concern about the spread of slavery prompted him to return to national politics and run for the U.S. Senate.   Ã‚  Ã‚  Ã‚  Ã‚  Lincoln rose to greatness from a humble beginning. Born in 1809 in a log cabin in Kentucky, Lincoln spent most of his childhood working on the family farm. He had less than a year of school but managed to educate himself by studying and reading books on his own.   Ã‚  Ã‚  Ã‚  Ã‚  He believed that slavery and democracy were fundamentally incompatible. In an 1858 speech, he said: What constitutes the bulwark of our own liberty and independance? It is not our frowning battlements, our bristling sea coats, our army and our navy . . . Our defense is in the spirit which prized liberty as the heritage of all men, in all lands everywhere. Destroy this spirit and you have planted the seeds of despotism at your own doors. Familiarize yourself with the chains of bondage and you prepare your own limbs to wear them (World Book Encyclopedia).   Ã‚  Ã‚  Ã‚  Ã‚  He lost his campaign for the Senate, but during the debates with his opponent Stephen Douglas, he became well known for his opposotion to slavery. The southern states, which believed they depended upon slavery to remain prosperous in the cotton, tobacco, and rice industries, threatened to secede from the nation if Lincoln won the election. Lincoln was inaugurated on March 4, 1861, and by April 12, the southern states had formed the Confedrate States of America and the Civil War began.

Effects of Emotion Regulation on Risk Aversion

This paper is on â€Å"Emotion Regulation and Decision Making Under Risk and Uncertainty† by Mircea Miclea, Andrei C. Miu, Renata M. Heilman, Liviu G. Crisan from Babes-Bolyai University, in Cluj-Napoca, Romania and Daniel Houser from George Mason University in Virginia, USA. The study was published in the American Psychological Association, 2010, Vol. 10, No. 2. It deals with emotion regulation (ER) tactics such as cognitive reappraisal and expression suppression and their effects on risk aversion and decision making. Reappraisal involves reformulating the meaning of the situation.Suppression involves inhibiting the responses and behaviours associated with emotions, such as facial expressions, vocal tonality or body language. The researchers hypothesized that participants using reappraisal would portray lower risk aversion (increased risk taking) than subjects using suppression. They induced negative emotions of fear and disgust on their participants through short movie clips and then rated how they did on tests that measure risk-taking based on the ER tactic that they were previously instructed to use. (Heilman, Crisan, Houser, Miclea & Miu, 2010, p. 58). Our textbook defines an experiment as a scientific method of research in which several factors called independent variables are modified to determine their effects on the dependant variable. This enables researchers to find cause and effect between different variables because they will observe if changes in one variable causes changes in the other (Baron, Byrne, Branscombe, & Fritzley, 2010, p. 19). For the purposes of this paper, focus will be on study 1 which looked at the effects of negative emotions such as fear or disgust.The sample was of sixty participants (56 women; mean age 21. 45 years) from the Babes-Bolyai University campus. They were randomly distributed in 6 groups based on the emotion experienced (either fear or disgust) and the ER strategy employed (cognitive reappraisal, expressive su ppression, or control/no ER instructions). The independent variables in this experiment were the ER strategy induced and the emotion experienced by the subjects. The emotion was measured using PANAS-X (posttest).The participants then completed the Emotion Regulation Questionnaire (ERQ) to confirm that they employed the instructed ER strategy. The dependant variable was the risk taking behaviour of the subjects, measured with BART and IGT tests. Results showed that reappraisers, but not suppressors, showed significantly decreased fear and disgust. Findings reveal that cognitive reappraisal increases risk taking by reducing the experience of negative emotions, while expressive suppression does not because it is ineffective in reducing negative emotions (Heilman et al. , 2010, p. 258-61).The textbook deals with the topic of emotion and cognitive regulation by addressing the topics of thought suppression, affect and cognition and emotion regulation. First, thought suppression is the eff ort we take to prevent certain thoughts from entering our consciousness. It is involved in two steps: the first is an automatic process which detects unwanted thoughts, and the second is a conscious process by which we decide to not think about the unpleasant thoughts and concentrate on something else. When we are too tired, the conscious process cannot operate and the unwanted thoughts become stronger.We engage in though suppression to control our feelings and behaviour (Baron et al. , 2010, p. 47-48). Second, the textbook looks at the influence of affect on cognition. Research indicates that our mood influences the way we see the world and our interactions with it. The textbook states that information of affective nature is processed differently than standard information, and as such it is almost impossible to ignore it once it has been introduced into a situation. People in a good mood are encouraged in heuristic thinking, and more likely to accept facts. Baron et al. , 2010, p. 50-53). Lastly, the textbook defines emotion regulation as a cognitive mechanism by which we use our thoughts to regulate and control our feelings. A study by Tykocinski lists two ER techniques: counterfactual thinking, when people adjust their thoughts about negative events to make them seem unavoidable and less distressing, which reduces negative affect, and giving in to temptation, which involves doing things that are potentially bad for us but pleasant in order to improve our mood (Baron et al. 2010, p. 54-55). Some similarities can be traced between the experiment and the textbook. They both agree that our mood has an influence on our cognition. In particular, the textbook tells us that people in a good mood engage in heuristic thinking, that is employing mental shortcuts, and that they are more likely to accept fewer arguments as demonstrated in the study by Ruder and Bless (2003). The experiment by Heilman et al. (2010) shows us that the ER technique one uses can decrease our risk aversion.The textbook does discuss forms of ER techniques that are similar as the one present in Heilman’s study. Thought suppression, as discussed in the textbook, has a few similarities with expressive suppression, in that they both attempt to inhibit something. Cognitive reappraisal is very similar to Tykocinski’s counterfactual thinking. In terms of the research done for the experiment and the textbook, no similarities could be found.This translates in the different names given to the emotion regulation techniques (i. e. reappraisal vs. counterfactual thinking) in between the two. The study certainly has a lot more detailed information on the topic of emotion regulation than the textbook. The latter approaches the topic in a more general way, not surprisingly so since it is a college level manual. A critical look at the journal article reveals that, overall; they did a good job, however there are a few things that are not good.The independent and dependant va riables were chosen properly and they took great care to measure the effects using a variety of tests and statistical analyses. They made sure that fear and disgust was felt and that ER strategies were employed. However, further specification on the way they instructed their participants over which ER strategy to use would be welcome. The study does not list any further information on that topic, other than the participants were given the Emotion Regulation Questionnaire at the end to determine if they followed the assigned instructions.The conclusions seem to follow the results in a coherent and logical fashion. The main problem with this study is their sampling. First of all, it is not very large, and second, it is not representative, as it consists almost exclusively of young women (56) from the campus. This does not allow for generalization. Further experiments with a larger, more representative sample would shed more light on the exact effects of emotion regulation on decision making under risk.

Write About a Member of Your Family That You Feel

I have one member in my family that truly consider â€Å"special†. This person is my youngest son, Adrian. Let me tell you a few things why I think that he is a special person. Adrian was diagnosed with Autism when he was about 2 1/2 years old. He is anti-social and non-verbal. Anti-social means that he doesn't interact with others that are around him. For example, Adrian likes to play by himself. The non-verbal means that he has no ommunication through speech. Even though h is lacking speech, he can communicate his needs in his very own way. For instance, when Adrian wants something to eat, he would come to me, grab my hand and pulls me to the refrigerator. On the other hand, it can get frustrating for him because I am the only person that can understand his body language cues. In addition to his anti-social and non- verbal communication, I have to mention that Adrian s the most loving child I have seen. The reason being is usually children with Autism do not like to be hugge d or cuddled. Adrian loves to give hug and cuddle with me as well as he does with others. Finally, I understand that my son is anti-social and non-verbal. At the same time, he has the ability to be social and communicate with me. He does it in a way no other person would it. As a result of this, I feel that this makes my son a â€Å"special† person.

Representations of the Earth essays

Representations of the Earth essays The Globe is the best representation of the Earths surface. All distances, areas, and shapers are truly and proportionally represented. Globes do have disadvantages such as their unmanageable shape and very small scale. Because of this, cartographers created maps, or projections of the Earths surface onto a developable surface surface that can be rolled out onto a flat plane. The only possible developmental surfaces for globe projections are the cylinder, the cone, and the plane. These developmental surfaces create three natural projection classes: cylindrical, conic, and azimuthal. A cylindrical projection is as if a cylinder were wrapped around a globe which has a light projecting through it. Once the cylinder is rolled out, it creates a two dimensional rectangular projection of the globe. A conic projection is created when a cone is placed tangent to the globe along any small circle and a light is projected from a point opposite of the cones tip. When rolled out, a conic projection appears relatively triangular. An azimuthal projection occurs when a plane is placed on a single point of a globe and a light is projected from the opposite point, creating a rectangular projection. All projections have a common bond in that they all must contain a distortion. Trying to portray a three dimensional surface on a two dimensional plane can lead to various forms of distortion including: areal, angular, scale, direction, and interruption. Areal distortion occurs when different areas of a projection are not consistent in size. An example of areal distortion can be found in the mapping of Greenland which is typically shown to be larger than South America, when in-fact it is one seventh the size. A map with no areal distortion is said to be equal-area. Shape distortion is known as angular distortion. A map with no angular distortion is said to be conformal. Scale distortion is when distances are not the same thro...

Views of Marx and J.S.Mills on Accumulation and Crises Essay

Views of Marx and J.S.Mills on Accumulation and Crises - Essay Example Karl Marx In his theory of surplus value, Marx asserts that the working class or the proletariat exchange their labour for wages with the capitalist class or the bourgeoisie. Unlike in slave and feudal societies where goods were produced for consumption, in capitalist economy, commodities are produced for exchange in the market with the value of exchange being money. Since labour is also exchanged for wages, it is also regarded as a commodity and social relations assume mysterious form of relationship between things concealed by a veil of money. The labourers are alienated from the means of production and produce goods for the capitalists which they in turn exchange to get a profit. However, if workers are productive, they produce more than they would have produced in a normal working day but all the profit realised goes to the capitalist as labourers receive only the normal wages. This is what Marx referred as surplus value of labour (Eatwell and Milgate 2011, p. 192). According to Marx, the surplus value in feudal societies is consumed while in capitalist societies, surplus value is reinvested to produce more surplus value. He referred to reinvestment of surplus value as accumulation of capital (Callinicos 2011). However, the motive for accumulation is not greed but a result of social mechanisms which result in competition between many capitals and a capital that does not reinvest itself is pushed out of the market. As observed by Eatwell and Milgate (2011, p. 195) capitalist production involves circuit of capital from money and commodity. The money is used to produce commodity which is then sold for money used to produce more items. However, difficulties may arise when converting commodity to money because money need not be turned immediately to commodity hence sale and purchases are separated. The seller can hoard money if the investment is not yielding enough profits hence breaking the cycle and therefore, the possibility of crisis is inevitable. In the cr isis theory, Marx asserted that the origin of crisis is the systemic elements of capitalism as a mode of production and basic social order (Callinicos, 2011). These factors include: full employment profit squeeze, underconsumption, and tendency of the rate of profit to fall. In feudal societies, a crisis occurs due to underconsumption but in capitalist societies, it is based on the law of tendency of the rate of profit to fall. As xxx observes the tendency of the rate of profit to fall is due to increased labour productivity which makes demands on the constant capital such as machinery or raw materials. As a result, amount of constant capital grows relative to variable capital leading to higher composition of organic capital and consequently low profit. The value of constant capital according to Marx does not depend on original cost of labour time but labour time for reproducing it hence it diminishes as labour productivity grows leading to low profit. In his study, Marx asserts tha t permanent crises does not exist as indicated by Smith and Malthus in their analysis that overproduction leads to permanent reduction in rate of profit. He believes that a crisis is a transitory stage of capital accumulation and therefore short-run effect. In the process of capital accumu

Financial and marketing analysis Research Paper

Financial and marketing analysis - Research Paper Example Apart from financial analysis, the study also highlights the information pertaining to different sections of the real estate market in Russia. It is worth mentioning that the whole study gives emphasis on JLL operating in Russia. In Russia, JLL plays an important role in drawing investment from real estate investors. It is one of the major places in Commonwealth of Independent States (CIS) region, in which JLL has developed lucrative business. The company has offered huge space for office purposes and has covered 323,000 square meters of space. It has also delivered about 11 office buildings to Russians. There are three types of real estate investment in Russia: commercial, residential and industrial. All the three mentioned sectors are crucial for the company as it drives revenue. The company has encountered increasing revenue and profit trend over the years from 2004 to 2013. However, there were a series of challenges for the company, which made significant changes in its financials following changes in earning per share. The challenges were exchange rate volatility, slow down of the Russian economy and most importantly uncertainty in Ukraine, which affected the confidence of investors in real estate marke t. The investor confidence decreased with the decrease in investment patterns in the first two quarters of 2014. In February 2014, the armed forces of Russia began to take over Crimean Peninsula that is situated in Ukraine. Till date the conflict continued as a result there are huge changes in the financial markets in Russia. It caused turbulence in the financial markets and fell drastically due to instability. After the event the real estate market in Russia is also affected. However, after the financial shock in 2008 to 2009, the country’s real estate market was recovering excellently but the sudden conflict made the situation worse for the real estate companies in Russia (The Economic Newspaper Limited, 2014). The