Essay on Preventing Obesity in School Aged Children in...

Schools and society are taking focussed actions aimed at increasing physical activity in children and helping lower the obesity rates that are becoming increasingly prevalent among young people. Statistics show that in Australia, one- quarter of children is either overweight or obese as stated in (Australian Government: Australian Insisture of Health Welfare, 2004). The focus of preventing obesity will be the two to six year old age group. Children who are obese face a number of factors that affect both their physical and emotional wellbeing. Obesity can cause health problems such as diabetes, high blood pressure, and heart, liver or kidney disease as stated by (Shaffer, 1993 p. 187). Another problem, for children who are obese, is†¦show more content†¦20). Physically two to six year olds are refining their gross and fine motor skills such as being able to catch a ball, skipping, hopping and running (McDevitt Ormrod, 2010, p. 24) This is important because their ability to refine their skills improves the more they practice and as they get older. An example of this is stated in (Berk, 2000, p. 177) â€Å"at the age of two and three, they throw a ball rigidly, using only their arms but by the time they reach four and five, they rotate the body and step forward as they throw it†. As children get older, they learn that the world isn’t all about them and they start to interact with their peers. According to McDevitt Ormrod this is called cognitive development which also includes some knowledge of colours, the alphabet and numbers. Physical activity at this developmental stage will encourage children to enjoy what they are doing when seeing other children doing the same. They may not be scared to join in as they are now beginning to â€Å"enjoy each other’s company.† (McDevitt Ormrod, 2010, p.20) Children in this age group are also emerging socially. They are â€Å"more willing to share their toys and take turns† (McDevitt Ormrod, 2010, p. 24). This development is important to have, especially towards physical activity, because they are beginning to realise the concept of working together while not getting as upset, when it is someone else’s turn in a game they mayShow MoreRelatedEssay on Preventing Childhood Obesity in Australia1427 Words   |  6 PagesIntroduction â€Å"During the past two decades, the prevalence of obesity in children has risen greatly worldwide. Obesity in childhood causes a wide range of serious complications, and increases the risk of premature illness and death later in life, raising public-health concerns.† (Ebbeling, Pawlak Ludwig, 2002 p.471) Currently in the Australian community and schools there is an obesity epidemic in young people with many children doing less and less physical activity then advised. â€Å"In 2007-08 theRead MoreObesity and Physical Activity in Schools1476 Words   |  6 Pageseffect on the prevalence of obesity and related illnesses in society. â€Å"Obesity is increasing steeply in Australia† ( Magarey, A. M., Daniels, L. A. and Boulton, T. J. 2001) â€Å"and almost 25% of children are affected† (Booth, Wake, Armstrong, Chey, Hesketh, and Mathur.2001). So why is physical activity so important for children and what age is instilling positive habits most beneficial? What r oles do teachers of today play in addressing and preventing obesity in our children and what are effective strategiesRead MorePhysical Activity in Primary School Children Essay1559 Words   |  7 Pagesfor a healthy and active life. Children are becoming overweight and obese due to poor food choices and an increasing sedentary lifestyle (McDevitt Ormrod, 2010). High calorie food and increased indoor activity, such as watching television or computer games, are fuelling the unhealthy lifestyle epidemic in children. Physical activity in middle childhood, (8 to12 year olds), is a crucial component in addressing and preventing this crisis, and it appears that schools in conjunction with teachers haveRead MoreChildhood Obesity : Obesity And Obesity1505 Words   |  7 PagesChildhood Obesity Introduction Childhood Obesity has become more critical public health issue worldwide. However, obesity ratio varies from country to country. In addition, up to a quarter of Australian children are suffering from childhood obesity and obese children are at higher risk to become obese adult. For this reason, child’s weight always matters because it can impact on their health in future. There may be many reasons which affect childhood obesity including sedentary life style, lack ofRead MoreObesity Is The Type Of Disease That Is Infectious1248 Words   |  5 PagesObesity may not be the type of disease that is infectious. However, it has reached heights of epidemic proportions and poses a public health challenge, not only in Australia but globally. This disease has attained substantial awareness as a major health hazard and can be defined as an unhealthy excess of body fat at which can lead to an increased risk of medical illnesses and also may result in mortality, (Kitzinger Karle, 2013). Since the 1980’s the prevalence of obesity has almost tripled andRead MorePreventing Chilhood Obesity : Parenting Programme For Early Years1073 Words   |  5 Pages - ASSIGNMENT 2 PREVENTING CHILHOOD OBESITY – PARENTING PROGRAMME FOR EARLY YEARS BACKGROUND Obesity, defined as ‘an excessive amount of body fat relative to body weight’ (Heyward, 2010, p.232) has reached global epidemic proportions and it is the fifth leading risk for global deaths with 2.8 million adults dying every year (World Health Organization, 2013). In addition, worldwide, more than 40 million children under the age of 5 were overweight in 2011 (WorldRead MoreObesity Is A Health Risk1474 Words   |  6 PagesObesity is defined as a condition characterized by the accumulation of excess body fat, this abnormal or excessive fat accumulation may impair on one’s health, leading to a reduced life expectancy (Health Boosters, 2012). Obesity occurs when an individual’s energy intake exceeds their energy expenditure, the larger the imbalance the more rapid the weight gain (Medibank, 2010). For practical reasons, body weight has been used to indicate whether someone is overweight or obese, and is commonly calculatedRead MoreSocial Determinants of C hildhood Obesity Essay example1265 Words   |  6 PagesChildhood obesity fast becoming a worldwide epidemic, and according to the Bureau of Statistics (cited in Browne 2012, p.20), 23 per cent of children are overweight or obese in Australia. Browne (2012, p.20) suggests that by children being weighed regularly by their doctor, just as they were when they were babies and toddlers, it will help doctors and parents to closely monitor their weight. Although obesity is caused by an imbalance of the calories consumed with the output of energy through metabolismRead MoreChildhood Obesity Is An Alarming Issue In Australia, And1434 Words   |  6 PagesChildhood obesity is an alarming issue in Australia, and there is not only a rapid national epidemic in Australia and around the world. Obese children are likely to develop detrimental problems in their health and have enduring social, health and economic effects that permeate throughout adulthood. Early detection and management of childho od obesity are critical in preventing obesity during adulthood, considering it is a significant contributor to the adulthood epidemic. Thus, there are several socialRead MoreObesity : Obesity And Obesity1908 Words   |  8 PagesOverweight and Obesity Definition of Obesity Obesity is a condition in which excess body fat has been accumulated on the body which then has a negative effect on the body’s health. â€Å"Obesity is a term used to describe somebody who is very overweight with a high degree of body fat. Being a little overweight may not cause many noticeable problems, but once you are carrying a few extra kilograms, you may develop symptoms that affect your daily life.† (Health Direct, 2015). Overweight and obesity affects many

The Inflation Definition And Influences - 1646 Words

1.1 The inflation definition and influences Inflation is general defined as the devaluation of the currency with the comprehensive and continued rising price level, which means the purchase of money is persistent declining (James and Charles 1975). And this is generally considered as the result of the amount of money in circulation more than the actual needs of the economy. It will directly leads to the devaluation of paper money. If the income of residents do not change, then the living standard of citizens will dropped, which might result in the social and economic disorder and can negatively impact the development of the economy. However, within a certain period of time, moderate inflation can stimulate consumption, expand domestic†¦show more content†¦1.2 The main properties of New Keynesian Phillips Curve Economists have done a lot of work on the study of inflation. The Phillips curve has been the focus and the main line of the macroeconomic debate since the Second World War. The Phillips curve describes the trade-off relationship between inflation and unemployment. According to the rule of substitution between them, the government can implement flexible fiscal and monetary policy to realize the effective intervention and regulation of macroeconomics, i.e. raise the unemployment rate to reduce inflation rate or increase the rate of inflation to reduce the unemployment rate (Trevithick and Mulvey 1975). The Phillips curve has made outstanding contributions to the stable development of the capitalist economy. The traditional Phillips curve model is back-ward looking type model, using output gap and inflation lag to explain current inflation. It shows the relationship between the output gap and inflation, however, it is difficult to be consistent with empirical facts. Taylor (1980) and Calvo (1983) started from the pricing behavior of monopolistic competitors, and then derived New Keynesian Phillips curve (NKPC) based on the dynamic general equilibrium model or the staggered pricing theory of firms. Both of them indicated that the inflation rate at each current period is largely determined by the

Human In Canadian Domestic Foreign Politics -Myassignmenthelp.Com

Question: Discuss About The Human In Canadian Domestic Foreign Politics? Answer: Introducation TheAlberta Human Rights Commissionrefers to a quasi-body that is concerned with the judicial rights of human beings. The latter was founded under the Alberta Human Rights Act. It is responsible for the minimization of discrimination by the way of settling complains and resolving them through the human rights tribunal and the court proceedings(Christian Barker, 2014). On January 2017, the high court in queens Bench granted the administration of Alberta 12 months prior age addition as a forbidden basis of discrimination in sections 4 and section 5 of the Alberta Human Rights Act. The fourth section of the act gives protection against discrimination in amenities, accommodation, properties and facilities. The act was mainly passed to protect the Albertans in the above mentioned areas(Kevles, 2015). The amendments would ensure that there is permission to the programs that are providing benefits to both minors and seniors and that the programs are discounted too. The bill is also expected to give protection to the programs that are ameliorative which includes job provision or even provision of internship programs that would benefit the youth(Howe Johnson, 2013). Before the introduction of the legislation, there was only one judiciary in Canada that did not provide an exception for the ameliorative activities to its human rights and that was Alberta. The Alberta Human Rights Commission can agree on complains that concern discrimination that is experienced by an individual who is 18 years and above as long as the discrimination has its bases on race, gender, color religion, source of income status of the family and also the sexual orientation. There is however some exceptions that grants particular categories of restrictions to go on without violation of the act: the advantages for the seniors and minors, the cooperative house units and the sites for mobile phones. Alberta Human Rights Actgives protection to the citizens from discrimination in certain areas on the basis of particular grounds(Clment, 2012). The purpose of the Act is to make sure that there is provision of equal opportunities to the people to earn a living, get a place to call home, and enjoy services that are available without any discrimination. The commission has two mandates to accomplish: fostering equality and reducing discrimination. The mandate is achieved through educating the public and training community initiatives through the resolution and discrimination complaints and trough human rights court hearings. The key sections for the Act include sections 4 and 5 whereby the commission does not agree on complains. The human right of Alberta is an authoritative body that is responsible for the administration of the Alberta Human rights Act. The body initiates actions of the provincial authority and all private sectors in Alberta(Caulfield Robertson, 2013). Human rights Act As an employee, if you feel that you have been discriminated and the discrimination because of his origin based on a protected base under the AHR Act (Caulfield Robertson, 2013). Given that an employer makes a requirement to the applicants to be able to lift weighty loads, the employer is supposed to show that this capability is a bonafide requirement of the occupation.in the development of this assessment, a consideration should be made to the possible modifications of this duty which includes availing the assistive machines such as lift systems. The latter would help in employees who are restricted because of certain disabilities. Given that an employer needs a female support for a male patient in healthcare, the employer should show that being male is an occupational requirement that is bonafide(Christian Barker, 2014). The latter would be good for a female nurse to apply for a position in a long term care facility (Clment, 2012). An employer may also need to report for cases of accommodation to the relevant authorities. This should be done in a period of not more than a year since the time when the action was done. The two above described cases would both apply when one is protected under the Alberta Human Rights Act. The first case would happen under section 8(1) while the second case would happen under section 7(1). Some requirements may be imposed on female employees but not to female employees or vice versa. If the latter happens, then there might be emergence of discrimination under the basis of gender(Kevles, 2015)S. There may be derogatory comments that are based on grounds protected by the AHR Act made to an employee during any process in work and this can result to violation of the rights of workers. The latter should be resolved through court hearing or intermediation in a company or even the supervisor. References Caulfield , T., Robertson, G. (2013). Eugenic policies in Alberta: from the systematic to the systemic. Christian , T. J., Barker, B. M. (2014). The mentally ill and human rights in Alberta. University of Alberta. Clment, D. (2012). Human Rights in Canadian Domestic and Foreign Politics. Human Rights Quarterly, 78-83. Howe , R. B., Johnson, D. (2013). Restraining Equality: Human Rights Commissions in Canada. Toronto: University of Toronto Press. Kevles, D. J. (2015). Eugenics and human rights. British Medical Journal, 24-35.

The Accidental Tourist By Anne Tyler Essays - The Accidental Tourist

The Accidental Tourist By Anne Tyler Life just is. You have to flow with it. Give yourself to the moment. Let it happen. -Jerry Brown If an individual allows changes to occur in one's life, then love can be the wonderful result of that acceptance. The theme of reasons why we love and how we love different people is demonstrated throughout the book The Accidental Tourist, written by Anne Tyler. There are two main characters that undergo and accept the changes in their lives, and one character that stays static throughout the book, helping one of the characters to change. Macon Leary is first grounded by loneliness and comfort, then slowly opens himself up to what appears to be a whole new world for him. Then, there is Sarah Leary, who controls some of the changes in her life, and tries to make the best of the rest of them. The character that remains the same throughout the book is Muriel Pritchett?a dog-trainer who takes an interest in Macon and helps him to accept the changes in his life. Above all, the universal theme of this book is love?a surprising new journey for all the characters. In the beginning of the book, it is explained how Macon and Sarah Leary's son is murdered and how their marriage suffers because of this. Sarah leaves Macon, which is the beginning stage of Macon's renovated life, but one that does not start off happily: ?He didn't eat real meals anymore?His hair, which Sarah used to cut for him, jutted over his forehead like a shelf. Ande something had caused his lower lids to droop. He used to have narrow gray slits of eyes; now they were wide and startled (14). Macon is not at all used to living alone. He wants to control everything and likes nothing to be left to chance?Sarah's departure is not something he can control and he does not deal with it well. Macon begins to think that he cannot live without his wife, but soon realizes a few things that really make him think about the marriage: His brain buzzed with little worries?The worries changed, grew deeper, he wondered what had gone wrong with his marriage. Sarah had been his first and only girlfriend; now he thought he should have practiced on someone else beforehand. During the twenty years of their marriage there's been moments?there's been months?when he didn't feel they had really formed a unit the way couples were supposed to. No, the stayed two distinct people, and now always even friends. Sometimes they'd seemed more like rivals, elbowing each other, competing over who was the better style of person? (15-16) Macon realizes that he and Sarah never actually became one person; they had always stayed as two separate people living in a stale, routine marriage. Finally, Macon comes to terms with the fact that Sarah is not coming home to him: ?Well, of course she wasn't there. He knew it the instant he stepped inside that house, when he smelled that stale hot air and heard the muffled denseness of a place with every window shut. Really he'd known it all along. He'd been fooling himself. He'd been making up fairy tales? (41). Macon knew that when he got home from his business trip that Sarah would not be there waiting for him like she used to. Although he did not ask for this change in his life, and after living alone for a while, moves back with his sister and brothers?a comfortable change for him. This all begins to change when Macon meets an unusual woman working at the animal hospital where he takes his dog and becomes acquaintances with her. Muriel allows Macon to open up to her, and Macon shows his willingness to do so: ?I lost my son,' Macon said. ?He was just?he went to a hamburger joint and then?someone came, a holdup man, and shot him. I can't go to dinner with people! I can't talk to their little boys! You have to stop asking me. I don't mean to hurt your feelings but I'm just not up to this, do you hear?' She took one of his wrists very gently and she drew him into the house, still not

Issue Concerning Shazia Khan Essays

Issue Concerning Shazia Khan Essays Issue Concerning Shazia Khan Essay Issue Concerning Shazia Khan Essay 199288 Report ON LEGAL ISSUES CONCERNING INDIVIDUALS WHO WORK AT TRAVEL EXPRESS’S SELBY SITE AND THE LEGAL CONSEQUENCES TRAVEL EXPRESS MAY FACE August 2007 Prepared for: Chetan Walla The Personnel Manager Prepared by: Assistant Personnel Manager Drumhead This study discusses legal issues that have emerged from separate incidents at Travel Express’s Selby Site. Relevant instance jurisprudence and legal rules were explored in order to detect whether Travel Express may confront in any legal effects. The study reveals the legal effects Travel Express are likely to confront. Issue Refering Shazia Khan Shazia Khan’s strain hurt raises some legal issues. As employers, Travel Express have a responsibility to guarantee, so far as is moderately operable, the wellness, safety and public assistance at work of all its employees. This responsibility is imposed by the Health and Safety at Work Etc Act 1974. [ 1 ] Travel Express run the hazard of being held vicariously apt for the Regional Manager’s breach of a statutory responsibility. Case jurisprudence associating to emphasize at work makes clear that an employer will be in breach of its responsibility to its employee if it fails to take sensible attention to avoid wounding the employee’s wellness. [ 2 ] It may good be that Shazia Khan’s hurt was non moderately foreseeable. However, if the Regional Manager fails to take stairss to assist her after holding become cognizant that her work load is holding an inauspicious consequence on her physical wellness, Travel Express may still be found to hold breached their responsibility to her. [ 3 ] As employers, Travel Express besides have an implied responsibility to cover with grudges decently and within a sensible clip. [ 4 ] An employee is foremost expected to decide grudges with her director informally. This is precisely what Shazia Khan did by raising the issues with the Regional Manager. If she realises that the grudge can non be resolved informally, she may take to decide it officially with direction or follow the grudge processs set out in the Employment Act 2002 [ 5 ] to take her instance to the employment court. In a contract of employment, there is besides what is known as implied term of trust and regard. Thus Express Travel have a responsibility non to make anything that will damage the relationship of trust and regard between them and Shazia Khan. The sorts of behaviors that may represent a breach of responsibility to handle an employee with regard include failure to give the employee necessary support. [ 6 ] The Regional Manager’s response to Shazia Khan’s ailment at least constitutes failure to give her necessary support. The legal effect Travel Express may confront is that misdemeanor of the above-named implied footings entitles Shazia Khan to end the contract of employment and convey a claim against Travel Express for constructive dismissal. [ 7 ] Stairss must hence be taken by the Company, every bit shortly as is practically possible, to decide the job. Issue Refering Trespassing and Injuries Suffered by the Two Male childs Trespassing in the vehicle mending country and the hurts suffered by the two male childs, Allan and Barry, do non simply raise legal issues but may besides do Travel Express to incur liability. Aside from holding a responsibility to take sensible attention for the wellness and safety of their employees and avoid exposing them to unneeded hazard, employers may owe a responsibility of attention to individuals who are neither their employees nor visitants. Such a responsibility, which falls under civil wrong jurisprudence instead than employment jurisprudence, is imposed by the Occupiers’ Liability Act 1984. An resident of premises owes a responsibility to another non being his visitant in regard of any hazard of their suffering hurt on the premises if he is cognizant of the danger or has sensible evidences to believe that it exists. [ 8 ] Not merely are Travel Express the residents of the country in inquiry within the significance of the 1984 Act, but besides they are cognizant that there has been intruding in the country. Besides, Travel Express have sensible evidences to believe that danger exists in an country where damaged managers and bringing new waves are repaired. An resident besides owes a responsibility to another non being his visitant in regard of any hazard of their suffering hurt on the premises if he knows or has sensible evidences to believe that the other is in the locality of the danger concerned or that he may come into the locality of the danger, [ 9 ] and the hazard is one against which, in all the fortunes of the instance, he may moderately be expected to offer the other some protection. [ 10 ] Travel Express knew that the two male childs who have suffered hurt were in the locality of the danger. They were hence required to take such attention as is sensible in all the fortunes of the instance to see that the male childs did non endure hurt on the premises by ground of the danger concerned. [ 11 ] By neglecting to take stairss to give warning of the danger concerned or to deter individuals from incurring the hazard [ 12 ] , Travel Express have breached their responsibility to the male childs and are hence likely to be held apt fo r the boys’ hurts. Issue Refering the Assistant Operator’s Fatal Accident In order to forestall their employees from prolonging hurts at workplace, employers owe a responsibility to supply a moderately safe works, premises and systems of working. [ 13 ] Not merely does the guiding of the lifting system to place autumn within the range of Mr Peter Smith’s employment, but besides it is a lawful act. For this ground, Travel Express are responsible for the mode in which the lifting system is operated by their employees [ 14 ] Since Express Travel owe their workers a responsibility of attention, the inquiry turns on whether the accident was caused by the carelessness of the operator, Travel Express or the victim. An employee besides has a responsibility to execute his responsibilities with sensible accomplishment. [ 15 ] However, even if the operator breached his responsibility to execute with sensible accomplishment, Travel Express would non be entitled to switch their liability to him if a breach of statutory responsibility or carelessness on their por tion contributed to the victim’s decease. [ 16 ] It is non clear from the fortunes of the instance whether the accident was caused by the carelessness of the operator or his helper ( victim ) . As employers, Travel Express are placed under an duty to guarantee that every lifting operation affecting raising equipment isproperly planned by a competent individual ; suitably supervised ; and carried out in a safe mode. [ 17 ] They are besides required to guarantee that the lifting system is inspected by a competent individual at suited intervals between thorough scrutiny to guarantee that wellness and safety conditions are maintained and that impairment can be detected and remedied in good clip. [ 18 ] Entrusting a new employee with the operation of a heavy lifting system without supervising clearly constitutes a breach of statutory demands. Surely, if the system had been exhaustively examined it would hold been detected that the overseas telegram, which snapped and killed the helper operator, was under tenseness. It is an offense to transgress any wellness and safety ordinances. [ 19 ] Criminal proceedings may therefore be brought against Travel Express. A immense mulct is likely to be imposed on them if they are found guilty. [ 20 ] Issue Concerning Operation Managers’ Conduct The Operations Manager’s response to the safety issues raised by the safety representative was unhelpful. Health and Safety related affairs at a workplace can non be treated as confidential, and by raising them with the operations director, the safety representative was clearly executing his statutory maps. It is his responsibility to look into possible jeopardies and unsafe happenings at the workplace and to analyze the causes of accidents at the workplace. [ 21 ] It is besides his responsibility to do representations to the employer on general affairs impacting wellness, safety or public assistance at work of the employee at the workplace. [ 22 ] Travel Express have an duty to work in co-operation with the safety representative. Health and safety jurisprudence requires them to confer with him â€Å"with a position to the devising and care of agreements which will enable him and the employees he represents to co-operate efficaciously in advancing and developing steps to guarantee the wellness and safety at work of the employees, and in look intoing the effectivity of such measures† . [ 23 ] Therefore, to state the safety representative that the affairs were confidential and to warn him non raise them once more shows that the operation director was non prepared to move to forestall similar accidents happening at the workplace in future. The operation manager’s behavior may be held to represent a breach of responsibility imposed by statutory jurisprudence. His behavior may therefore cause Travel Express to confront prosecution as it is an offense to transgress any wellness and safety ordinances. [ 24 ] Besides, a safety representative has employment protection right with respect to his maps. Under the Employment Rights Act 1996, he has the right non to be subjected to any hurt by any act by his employer ( i.e. Travel Express ) on the land that he performed or proposed to execute any map as a safety representative. [ 25 ] Therefore, if the safety representative raises the affairs once more his park license should non be taken off from him otherwise Travel Express may confront the legal effects of go againsting an employee’s employment protection right. Bibliography Butterworths Legal Updater, hypertext transfer protocol: //www.lexisnexis.com/uk/legal/search/ homesubmitForm.do Visited:16/07/2007 Selwyn, N. , M. ( 2006 ) Selwyn’s Employment Law, Oxford: Oxford University Press Wallington, P. ( 2007 ) Butterworths Employment Handbook, London: Butterworths 1

Holding High Standards... The Power of Disaffirming

Holding High Standards... The Power of Disaffirming If you manage other people and you hold high standards for work product, you probably have encountered a situation or two where you have had to tell someone they did not do a good enough job. How do you feel when you face this type of situation? Do you feel bad about it afterward? Or do you feel empowered and like you made a positive difference in the world? I grew up thinking that if I corrected someone or disaffirmed them, I was being mean and overly critical. I still did it, but I felt self-critical more than anything else and made myself wrong for hurting others. I’ve been spending the better part of the last year becoming more comfortable with my opinions and with expressing them, even if I know someone might feel hurt. As the owner of a company who cares greatly about the quality of the work we put out, I have many opportunities to be honest with people about their writing. â€Å"Behind the scenes† at the Essay Expert, I work with a team of subcontractors and review their work before it goes out to a client. Sometimes the first drafts that come to me do not meet my standards. And The Essay Expert’s clients count on my high standards. Last week, I faced two situations that inspired me to write about the power of disaffirmation in creating results and even cultivating relationships. In one, I received a draft of a LinkedIn summary from one of my writers that I felt didn’t hit the mark. There was time for me to have a quick call with him and steer him in the right direction. I told him what didn’t work about what he wrote and gave him some different ideas of how to approach the project. The second draft was brilliant and here’s what the client, who lives in Switzerland, had to say: â€Å"Thank you so much for sending the draft. I cannot put my first reaction into words (not even in German) in the very best meaning of the word!† If I had been shy about issuing corrections, I would not have had such a happy client. Because I disaffirmed the writer, he learned about how to write for a new type of client and both of us got to feel great about the client’s response. In another situation, an editor took 5 hours to edit a document that would have taken me 3. Not only that, but she sent it to me an hour late and failed to correct some glaring errors in the document. I spent 2 hours editing the document before sending it to the client- 1 hour more than I would have spent if I had edited it myself. Again, my disaffirming power sprang into action. I very directly told her about the problems I saw and what I was prepared to pay her for her work. We ultimately reached an agreement and parted amicably. Sometimes when I work with someone on a project like a law school admissions essay, the applicant tells me not to hold back with my criticism. I laugh when they make this request – I have no problem telling it like I see it! But when it comes to critiquing in a managerial role, I’ve historically had a more difficult time. The greatest part about these two recent experiences to me is that I felt strong and good about myself even though I had criticized people I am managing. I’ve been learning a lot about stepping into a managerial role in a powerful way. Sometimes disaffirmation can hurt both the recipient and me- but what hurts more is compromising on what I know is right, or on the quality of the work my business produces. Ultimately I am somewhat of a mama bear, willing to growl a bit in order to provide a top product to my clients. I will take strong action, give direct feedback, and use the power of disaffirmation if that’s what it takes to run a successful and well-respected business. If you are in a managerial position, how do you express your criticism? How do you handle it when someone fails to come through in the way you expect? Are you willing to talk straight to people? And how do you feel when you don’t? And what’s the bigger goal that inspires you to take the actions you take?

Operation Management Case Study Essay Example | Topics and Well Written Essays - 2000 words

Operation Management Case Study - Essay Example Consequently, the total number of clients that the Seven Hills Hotel had to attend to during the conference was 810 clients. Seven Hills Hotel was the hotel approached by the events planner at Global Events Company to host these delegates during the entire period of the conference. Apparently, some mishaps happened during the organization process that made the entire conference turn up as a disaster (Amason, 2011). The case study provides complications in operations management in two major organizations involved in the organization and planning of the conference. The first organization is the Global Events Company, an events planning company contracted by Glo-Tech to arrange the event, and Seven Hills Hotel, the hotel approached by the events planner to host the event. Global Events Company experienced operational problems from the moment it failed to analyze the situation at the hotel first before contracting it to be the host of such a major event. It was apparent that the conditions of the hotels were not favorable to host clients of such large numbers. In addition, the location of the hotel was inappropriate, as it was both unsecure, as well as unapproachable (Belda, 2006). These aspects would have automatically ruled out the hotel as the best choice to host such an event. On the other hand, operations problems also emerged from the lack of appropriate communication between the organization and the hotel about the nitty gritty details of the clients they were expecting. For instance, the company failed to give the hotel the exact date from which to expect the clients, the total number of clients to receive, as well as the dietary specifications of each client expected to attend the conference. This in turn made it difficult for the hotel to plan appropriately on how best to host all the delegates. In addition, the company failed to plan for the best routes to use while transporting delegates from the airport to the hotel (Dennis and Harris, 2008). It is

Essay 2, Comparative Politics Example | Topics and Well Written Essays - 750 words

2, Comparative Politics - Essay Example The IRGC in iran has incredible influence through military, political and economic power. They have the right to refuse government contracts, and the level of corruption is incredible. Their tax-exempt foundations have monopolized much of the economy, and freedom of expression is extremely limited. The government controls all televsion and radio broadcasts, satellite dishes are illegal, as anyone caught in ownership of one faces confiscation and huge fines. Authorities have successfully hammed dissident satellite stations, and have banned Persian channels. They also cut communication lines to prevent â€Å"illegal international contacts.† Freedom of the press is severely limited. Any publication of books and the distribution of foreign books must be inspected and approved by the Ministry of Culture first. The Press Court has pervasive power over the prosecution of journalists, editors and publishers for â€Å"insulting Islam† or â€Å"damaging the foundations of the Is lamic Republic.† according to Ahmadinejad, the media is to support the government through reporting, not commenting. The penalites for inference is so severe that there is little public criticism of the president and any source that criticizes the government cannot be used in journalism. The Association of Iranian Jounralists (AIJ) was accused by the labor minister as being an illegal organization in 2008. Jopurnalists who supported women’s rights, suspicion of international connections or speak against the government can potentially face the death penalty. Internet use has exploded in iran, thus causing the government to intervene and block immoral or politically charged sites. This occurrence has also moved he parliament to allow the death penalty for â€Å"the creation of web logs and websites promoting corruption, prostitution and apostasy.† Religious freedoms are limited, and anyone perceived as straying from the â€Å"official† interpretation of Isla m face dire consequences. Academic pursuits are also restricted. Scholars are often arrested for voicing their political opinions, students who protest are attacked and arrested as well. According to the 1979 constitution, public demonstration that â€Å"violate the principles of Islam† are used to justify the violence that disbands assemblies. Similarly, the government is also allowed to disband private assemblies, under the facade of â€Å"countering immoral behavior†. the only organizations that are allowed are those that do not violate â€Å"freedom, sovereignty and national unity†. The judicial system is dependent, and in practive trials are closed, and there is no legal council. The penal code is based on Sharia law and allows flogging, stoning, amputation and hanging, depending on the social or political offense. Arbitrary detention is a common method of silencing dissidents, although the laws call for equal rights. Freedom of movement is also highly rest ricted. Political activists are not allowed to leave the country, and often, people who are retruning are often interrogated upon their return. Women are especially targeted in their freedoms. They cannot get a passport without her husband’s permission, her court testimony is only given half the weight of a man’s, and any blood money giben to a dead woman’s family are also half of a man’

Pros and Cons of Genetically Modified Foods Essay Example for Free

Pros and Cons of Genetically Modified Foods Essay Our ancestors first cultivated plants some ten thousand years ago. They domesticated animals later and then selectively bred both plants and animals to meet various requirements for human food. Humans discovered natural biological processes such as fermentation of fruits and grains to make wine and beer, and yeast for baking bread. Manipulation of foods is not a new story, therefore. The latest agricultural discovery uses genetic engineering technology to modify foods. Farmers and plant breeders have been changing crop plants to improve characteristics such as size, resistance to disease and taste. Plants which grow well, have a higher yield or taste better are selected and bred from. This is still the most widely used technique for developing new varieties of a crop, and is limited by natural barriers which stop different species of organisms from breeding with each other. Genetic modification is very different to these traditional plant breeding techniques. Genetic modification is the insertion of DNA from one organism to another, usually by molecular technologies. Genetically Modified Foods (GMF) are animals or plants that have had genetic modification. This changes the characteristics of the organism, or the way it grows and develops. Jim Maryanski from the U.S. Food and Drug Administration, had the following to say in an interview published on the FDAs website. “There are hundreds of new plant varieties introduced every year in the United States, and all have been genetically modified through traditional plant breeding techniquessuch as cross-fertilization of selected plantsto produce desired traits.” (Robin)Current and future GM products include:a)Food that can deliver vaccines bananas that produce hepatitis B vaccineb)More nutritious foods rice with increased iron and vitaminsc)Faster growing fish, fruit and nut treesd)Plants producing new plasticsIn so many respects, genetic modification is perfect for todays society. It would help agriculturalists overcome all headaches associated with growing large crops, and basically tailor the food growth industry to mass consumption by the general population. The famous frost-resistant tomato example is perfect in illustrating this point. With a tomato that  resists frost, the season for growing them would be longer and therefore a farmer would be able to produce more tomatoes in one year than they were able to do in the past. Gene technology not only gives us the potential to select the exact characteristics we want in an organism, but it also enables us to cross species barriers. For example, we can take an insecticide-producing gene from a bacterium and insert it into a plant, making the plant resistant to insect attack. This new-found ability to cross species barriers is what makes gene technology such a powerful tool. Producing enough food for the worlds population without using up all the available land is an enormous challenge. One solution is to develop crops that yield more with fewer inputs; that are more resistant to diseases; that spoil less during storage and transport; that contain more useful nutrients; and that can grow in agricultural land that has been degraded. Gene technology gives us the potenti al to do this. Genetically modified foods have been available since the 1990s. The principal ingredients of GM foods currently available are derived from genetically modified soybean, maize and canola. The first commercially grown genetically modified food crop was a tomato created by Calgene called the FlavrSavr. Calgene submitted it to the U.S. Food and Drug Administration (FDA) for assessment in 1992; following the FDAs determination that the FlavrSavr was, in fact, a tomato, did not constitute a health hazard, and did not need to be labeled to indicate it was genetically modified, Calgene released it into the market in 1994, where it met with little public comment. Considered to have a poor flavor, it never sold well and was off the market by 1997. However, it had improved solids contents which made it an attractive new variety for canned tomatoes. Transgenic crops are grown commercially or in field trials in over 40 countries and on 6 continents. In 2000, about 109.2 million acres (442,000 km ²) were planted with transgenic crops, the principal ones being herbicide- and insecticide-resistant soybeans, corn, cotton, and canola. Other crops grown commercially or field-tested are a sweet potato resistant to a US strain of a virus that affects one out of the more than 89 different varieties of sweet potato grown in Africa, rice with increased iron and  vitamins such as golden rice, and a variety of plants able to survive extreme weather. Between 1996 and 2001, the total surface area of land cultivated with GMOs had increased by a factor of 30, from 17,000 km ² (4.2 million acres) to 520,000 km ² (128 million acres). The value for 2002 was 145 million acres (587,000 km ²) and for 2003 was 167 million acres (676,000 km ²). Soybean crop represented 63% of total surface in 2001, maize 19%, cotton 13% and canola 5%. In 2004, the value was about 200 million acres (809,000 km ²) of which 2/3 were in the United States. In particular, Bt corn is widely grown, as are soybeans genetically designed to tolerate glyphosate herbicides. Future applications of GMOs include bananas that produce human vaccines against infectious diseases such as Hepatitis B, fish that mature more quickly, fruit and nut trees that yield years earlier, and plants that produce new plastics with unique properties. The next decade will see exponential progress in GM product development as researchers gain increasing and unprecedented access to genomic resources that are applicable to organisms beyond the scope of individual projects. Biologist Stephen Nottingham explains the risks of GMF:“Experimental trials with transgenic organisms are usually conducted strict regulations to minimize the potential spread of genetic materialÂ…Even given these regulations, however, no field trial can be said to be 100% secure. This was illustrated when flooding struck the American Midwest in July 1993 and an entire field of experimental insect-resistant maize was swept away in Iowa. Â…once released accidentally into the environment, plant material may prove difficult to recover. (Bragi)Unique ecological risks have been associated with virus-resistant transgenic crop plantsÂ…leaving crops more vulnerable to virus attack and risking the spread of virus susceptibility to other plants. Genetically modified foods are unlikely to present direct risks to human health. There are two main areas of concern:a)The possibility of allergic reactions to genetically modified foods, andb)The possibility that bacteria living in the human gut may acquire resistance to antibiotics from marker  genes present in transgenic plants. Proponents claim that a genetically-modified potato is as safe as one modified the old-fashioned way, through generations of selective breeding; biotechnology just gets the job done more quickly. Critics are concerned that mixing together genetic material from different species might produce unexpected allergic reactions in the person who eats or drinks it. For instance, if an individual consumer who is allergic to broccoli eats a banana that just happens to have a little broccoli DNA under the peel, that person might get sick. Some studies on animals indicate that consuming genetically-modified foods may cause allergic responses, compromise immune systems and inhibit organ growth, although no proven cases of widespread reactions have been definitively documented. Opponents of biotech foods want other questions answered, as well. Will re-engineering a plant or animal to serve a specific end, such as improving taste, decrease its nutritional value? Will consuming genetically-modified food products make a person more resistant to antibiotics, which are widely used to treat bacterial infections? Does consuming milk or meat from livestock that has been injected with growth hormones (a form of biotechnology that is different from genetic modification) subject consumers to early puberty, cancer, and other ailments?Since neither side has been able to provide definitive answers, the jury is still out on food safety; after all, genetic technology itself is barely decades old. So one can condense the issue into a single question: should we move forward with new technologies that might help provide higher crop yields, new and interesting types of food products, and more profits for the companies that own the technology; or play it safe and wait until we better understand the health and environmental consequences of manipulating life forms that took generations to develop?Multinational Corporations benefit because GMF can be very profitable. GMF have taken hold quickly because multinational corporations with the resources to make large financial investments in research and development can profit directly. Multinational companies can spread out the benefit and profit to many branches of their businesses. Many such corporations combine the following: an agrochemical company, a seed  company, a pharmaceutical company, a food processing company and sometimes businesses involved with veterinary products. Developments in one part of the corporation can be used t o sell products in another branch. Farmers benefit in the short term because they can grow and sell more crops with fewer problems due to weeds, pests, fungi or frost. The genetically modified seed is designed to resist these traditional enemies. Food processing companies benefit from a ready supply of raw food ingredients designed for specific processing needs. Genetically modified tomatoes and potatoes, for instance, have higher solid contents and yield more sauces and French fries. These foods take longer to ripen and rot. Thus less food is spoiled and more gets processed. Supermarkets benefit for the same reasons. The fresh produce lasts longer on the shelves and is more profitable. Consumers, to date, havent benefited. GMF have been developed for the convenience of the producer and processor. Yet they cost more to produce and the costs get passed along to the consumer. Eventually there will be some kind of designer novelty foods for shoppers to try. Nottingham adds that there are many other concerns including ethical questions involving animal welfare, whether DNA is actual life, and intellectual property rights and genetic resources from the Third World. (Bragi)The worlds poorest nations account for around 95.7% of the worlds genetic resources. Traditional farming practices involve farmers retaining seeds, from the harvest of one years crop, for planting in the following year. This practice saves money on buying seed and in itself represents a continuous selection for yield and resistance to pests and diseases. However, with genetically modified seed, royalties are payable to the companies holding the patent for the seed. Under world trade agreement rulings, farmers have to make substantial royalty payments to multinational companies if they keep seed for replanting, even if the crop happens to be native to their particular country. Genetic engineering is a valuable new technology that can develop more plentiful and nutritious foods, with great potential benefits for humanity and the environment, and this new scientific discovery needs to be implemented as quickly as possible for humanitarian reasons. As with every new scientific technology, harmful side effects of genetic engineering are inevitable and great care should be taken in its implementation, including carefully controlled long-term tests on human health and environmental impacts. All genetically engineered foods have been thoroughly tested and demonstrated to be safe before they are released into the marketplace. However, this testing is typically conducted only on rats and other animals, by the companies involved. Very little of this research has been reviewed by independent scientists and then published in scientific journals. Genetically engineered foods are usually substantially equivalent to other foods, with no increased risk to human health, and no need for the lengthy and expensive human testing demanded of, for example, new food additives. However, the unpredictable disruptions in normal DNA functioning caused by genetic engineering can produce unanticipated and unknown side effects for human health, including unknown and unpredictable toxins and allergens, and these possibilities can only be definitively assessed through human testing. Genetic engineering is a scientific and technological process, and its evaluation and governmental regulation should be based on purely scientific and objective criteria. To have a purely scientific evaluation of genetically engineered foods, we need more science, especially human studies and environmental studies. Moreover, purely scientific assessment of genetic engineering ignores the fact that, for many people, food has cultural, ethical and religious dimensions that must also be considered. Alan McHughen, author of Pandoras Picnic Basket: The Potential and Hazards of Genetically Modified Foods, in the introduction he states:Make no mistake: I am in favor of an orderly and appropriately regulated introduction of some GMOs into the environment and marketplace, and I  adamantly oppose others. There are good reasons to ban certain products of genetic technology, and good reasons to allow, with management, certain others; some may require no extraordinary regulation at all. If your opinion differs from mine after reading this book, I hope you will be able to justify, if only to yourself, why we disagree. My philosophy is to be skeptical, be critical, even cynical of claims by business interests, government agencies, and activist groups. But also keep an open mind and then decide for yourself. (Internet 7)ThereÂ’s no doubt that the GM food supply should be closely monitored and regulated, but that doesnÂ’t mean it should all be banned. I believe that genetic engineering of plants, animals, and humans has much to offer as long as we are aware of potential benefits and side effects. And thatÂ’s true even for more traditional methods of farming, animal husbandry, and medicine. Work Sited: 1.Cummings, Michael R., and Williams S. Klug. Concepts of Genetics. New Delhi: Pearson Education, 2004. 2.Dubey, R.C. A Textbook of Biotechnology. New Delhi: S. Chand, 20063.Kumar, H.D. Modern Concepts of Biotechnology. New Delhi: Vikash Publishing House, 20034.Purohit, S. Agricultural Biotechnology. India: Agrobios, 20055.Purohit, S. Biotechnology: Fundamental and Applications. India: Agrobios, 2004Internet Reference:1.Bragi, David. “Food Savior Or Frankenfood? The Debate Over Genetically Modified Foods”. http://www.sfgate.com/cgi-bin/article.cgi?f=/gate/archive/2001/06/25/healthwatch.DTL2.Robbin, Adria. “What Are We Eating?” http://serendip.brynmawr.edu/biology/b103/f00/web1/robbin.html3.Schultz, Norman. http://www.beyondintractability.org/essay/fact_finding_limits/4.Wikipedia Online Encyclopedia. http://www.wikipedia.org/wiki/genetic_engineering5.Wikipedia Online Encyclopedia. http://www.wikipedia.org/wiki/genetically_modified_food6.“Genetic Engineering: The Controversy”. http://www.genetic-id.com/prosncons/index.htm7.http://www.foodmuseum.com/issues.html

Sleep Paralysis :: Biology Essays Research Papers

Sleep Paralysis You are lying in bed taking a much-needed nap. You have had a long day and this little refresher is just what you need. You are slowly becoming awake and aware of what is going around you. You can hear someone in the kitchen cooking and through the open window by your bed you can hear the sounds of the kids of the neighborhood jumping rope and playing hand games. You can even hear Old Mrs. Jones yelling at Little Johnny for running all over her flowers. You have been sleeping for about an hour and you feel that it is about time to get up. So you open your eyes, or at least you think you do. For reason some they are not open. So you think to yourself, "That is odd, I thought I mentally told my eyes to open?" So you try again, and this time you hear your voice in your head say, "Eyes open;" but again nothing happens. Now you think maybe you are really out of it, and that you must be extremely tired and just need to rub your eyes a little to get them moving. So next you try to move your arm, only it is stuck. Then you realize that your entire body is stuck. You think that this situation has to be unreal. You are awake; you have to be. You can obviously think to yourself, and you can hear everything that is going on inside and outside, but why are you not moving? You try to open your mouth and call for help, but you cannot do that either. You are completely paralyzed! Then you start to think this that is some sort of nightmare-and it is, except it is very much real. You are experiencing sleep paralysis. Sleep paralysis is a condition that occurs at either the onset or upon awakening of sleep. The medical terms for the two forms of sleep paralysis are hypnogogic and hypnopompic (1). When a person falls asleep, the body secretes hormones that relax certain muscles within the body, causing it to go into paralysis. Doing this prevents the body from acting out a person's dream, which could result in an injury. Sleep paralysis generally runs within one's family or in those who suffer from narcolepsy (2), but there is currently no explanation for why some people get it while others do not.

Jesus as a role model

Today I will be presenting my speech to discuss why Jesus is the role model for Christian life. The Christian tradition has viewed Jesus as the perfect role model because he was sinless. Jesus lived his life providing principles, teachings and messages that are to be emulated by his followers. These teachings are evident In all aspects of Christianity and have become the foundation for Christians as to how we are to live our lives.Many texts throughout the New Testament further exemplify the understanding of Jesus as the reflect role model, including John 13:15, â€Å"For I have given you an example, that you also should do Just as I have done to you. † The key components of Christian life include love, forgiveness, prayer and compassion. These components have all been developed from the way Jesus carried out his life Through Jesus' life, he spread teachings of unconditional love and forgiveness.Jesus taught that forgiveness Is central to the relationship between God and human s. Unconditional love and forgiveness are closely related to each other, because without originates, It Is Impossible to love unconditionally. As Jesus suffered on the cross, he asked for the forgiveness of his executioners, which can be found In Luke 23:34, â€Å"Father forgive them; for the know not what they do. † This Is the greatest example of unconditional love and forgiveness, and as Christians, we aspire to be as loving and forgiving as Jesus.Another example of Jesus' teachings of forgiveness can be found in Mark 1 1 :25, â€Å"And when you stand praying, if you hold anything against anyone, forgive him, so that your Father in heaven may forgive you your sins†. Through this quote we are taught to not just act as though we have forgiven someone, but to truly forgive them. What can also be understood from this is that only those who practice this teaching of Jesus can fully receive God's forgiveness.The life of Christians includes the practice of forgiveness in o rder to be able to love others unconditionally, as well as be forgiven by God. Jesus Is also our role model as to how we pray. Jesus' life of prayer consisted of praying before meals, giving thanks, praying for others, shared prayer and praying fore making important decisions, but his most valued form of prayer was private prayer. An example of Jesus' teachings of private prayer can be found in Matthew 6: 5-15.During this, Jesus says â€Å"But whenever you pray, go into your room and shut the door and pray to your Father who is in secret; and your Father who sees in secret will reward you. † It is also within this reference where Jesus teaches us the Lord's prayer. Although he was half divine, Jesus was also half human whilst on earth. Therefore, he was subjected to the same temptations, frustrations and sorrows that Christians are also affected by in our lives everyday. Through all these struggles that Jesus encountered, he prayed to God in private for help and strength to c omplete the task he had been given.We as Christians pray following this example of Jesus life of prayer and teachings of private prayer when we are faced with our own hardships and are in need of guidance. Jesus has taught us how we are to pray through his own to why Jesus is a role model to Christians. In the process of his teachings, Jesus has showed that human beings can be holy wrought their compassion towards the poor, marginal's and dispossessed. Jesus' had immense compassion towards these people of need and reacted through acts of mercy.We as Christians have learnt to be generous, giving and to be empathetic throughout our lives by the examples of Jesus' compassion. Also as followers of Christ, we are encouraged through Jesus' teachings to know our obligations to assist those in need in order to be Christians. This teaching can be found in Luke 18: 22-23, where Jesus told a young, rich ruler that he was to â€Å"Sell all that you own and stubbier the money to the poor, and y ou will have treasure in heaven; then come, follow me. But the young man did not have the qualities to be a disciple of Jesus, because he showed that his love for his riches was greater than his love for God and was reluctant to give up his possessions. Jesus' examples of compassion for the poor, marginal's and dispossessed have shaped how Christians practice acts of mercy towards people of need. These acts of empathy are one of the many reasons why Christians view Jesus as the perfect role model.Jesus is the ultimate role model for Christian life because he loved unconditionally, he forgave, he lived a life of prayer, he was compassionate towards the poor, marginal's and dispossessed as well as many other things. As well as living his life practicing these qualities, Jesus has also taught these principles to his followers as a guide to live their life by. These teachings, messages and principles are imitated through the lives of Christians as a way of following the commands of God, and have become the foundation as to how we are to live our lives as his followers.

Malunggay and Spinach Essay

I.Chapter I (Introduction) Background of the Study (Rationale) â€Å"He gives us that vast goodness of nature and vegetation is among those. As man propagates for abundance; he deserves to harbor tremendous benefits from it.† The discovery of herbal plants made the possible existence of modern medicine. Modern medicine makes use of these plants in making capsulated herbal medicine or food supplements. It is scientifically proven that numerous of vitamins and minerals are found in herbal plants that can supply the needs of living things, specifically humans. These vitamins and minerals help supply energy within a person’s body, which is needed for everyday activities in order for them to perform well. Herbal plants nowadays are not just made as medicinal purposes but also as food ingredients so that it may add a unique and healthier flavor to foods. Malunggay was once considered a â€Å"poor man’s vegetable† but now it is known as a â€Å"miracle tree† or â€Å"nature’s medicine cabinet† by scientists and health care workers from around the world because it is loaded with vitamins and minerals that can be an effective remedy against many kinds of ailments such as arthritis, anemia, ovarian cancer, heart complications, kidney problems, asthma and digestive disorders. Each ounce of Malunggay contains seven times the Vitamin C found in oranges, four times the Vitamin A of carrots, three times the iron of spinach, four times as much calcium as milk and three times the potassium of bananas. Spinach is well-known in stabilizing the blood sugar among diabetics, it serves as an anti-oxidant, an anti-cancer agent, it prevents from atherosclerosis or thickening and hardening of arteries and it aids in the formation of the blood substance required for blood clotting. Besides of it being considered as an herb rich in Iron, it is also a rich source of Carbohydrates, Dietary fiber, Fat, Protein, Vitamin A, Beta-carotene, Lutein, Zeaxanthin, Folate, Vitamin C, Vitamin E, Vitamin K and Calcium. The combination of both herbs can surely make a nutritious supplement for all ages. This study aims to presents the result of the beneficial mix of Malunggay and Spinach called as Malunggay and Spinach powder. A power duo, a product of nature, harness within reach and concocted with simplicity. II.Statement of the Problem The study aspired primarily, to search for alternative ways of utilizing the common backyard plants Malunggay and Spinach so that it won’t be placed into waste. Secondarily, make a different and simple preparation of it right in one’s home aside from the usual capsule and tablet forms, which currently dominate in the market. Lastly, to disseminate the information on how to augment a nutritional need within in reach and friendly to the pocket. The study addressed the following specific questions: 1.) What are the procedures in preparing the Malunggay and Spinach powder? 2.) Is there a specific expiration for this product? 3.) Are there different processes of drying each kind of leaves? 4.) How long can the end product be stored? 5.) Is it advisable to dry the Malunggay and Spinach leaves under direct sunlight? 6.) What are the uses of the Malunggay and Spinach powder as an additive? 7.) What specific amounts of Malunggay and Spinach to be prepared to meet our nutritional needs? 8.) What are the nutritional values from the combination of Malunggay and Spinach? 9.) Can this research work possibly be pursued in the future? III.Significance of the Study Health awareness is the prime investment, ingenuity is the investors joining effort and wellness is the net gain. Most people think that adapting a healthy and well-conditioned life is expensive and difficult to achieve. The significance is just how one resourcefully utilizes the cheap, the natural abundance of nature, and the untiring quest to alternatives and remedies. Malunggay and Spinach are kind of vegetables that are rich with vitamins, minerals and amino acids that are needed for optimum health. The purposeful cahoots will serve as a supplement Malunggay, touted as All- around miracle tree or Natures medicine cabinet contains a wide variety of nutrients in high amounts and Spinach, known as Powerhouse of Nutrients fill in essential Potassium, Phosphorus and Niacin that Malunggay does not have. This potent combination in powder form add nutrition to our deficient diet due to modern farming methods, nutrient-deficient soils, high levels of pollution that places more stress, and busy lifestyles that make it hard to prepare healthy balanced diet. It acts as an inexpensive insurance against nutritional deficiencies. This study will promote awareness on the relevance of serving of vegetable meals, soup, bread, dessert, shakes, juices and mixes with Malunggay and Spinach powder. It encourages households to plant Malunggay and Spinach in backyards for personal consumption. Finally, it inspires people to study and search for benefits on vegetables and other agricultural produce. IV.Scope and Limitation of the Study The study focused on the specifications of how to procure the major quality ingredients, the Malunggay and Spinach leaves and conscientiously observed the proper storage and maintanance of suitable room temperature. It took two (2) months and a half to get the final result of the research work using the method of experimentation. As Malunggay was readily cultivated in the backyard on the contrary, Spinach was a hard find. It started from a given tiny seedling from mountainous Busay and was replanted.

The Crucible, by Arthur Miller. Essay interpretes quote Good people...are good because theyve come to wisdom through failure.

The Crucible, by Arthur Miller. Essay interpretes quote Good people...are good because theyve come to wisdom through failure. Arthur Miller's The Crucible: Gaining Integrity through FailureIntegrity is achieved through the gaining of wisdom; the gaining of wisdom is a direct result of failure. Arthur Miller wrote the moralizing drama, The Crucible, in this play the main character John Proctor was wrongly accused of witchcraft and served the death penalty along with two others. The story of John Proctor was indirectly summarized by the American author William Saroyan when he said, "Good people...are good because they've come to wisdom through failure," meaning that a person willing to sacrifice for his beliefs is good because although he has failed, by not according to his moral codes he has gained integrity and the ability to refuse to live a life of hypocrisy; further, John Proctor is good because he died refusing to lie in order to live. Proctor failed because his commitments wavered depending upon his own personal needs. Miller demonstrated Proctor's failure, and later redemption and goodness throughout the text by means of characterization, conflict, and theme.Map of West Peabody, MA, indicating the 20th centu...Miller uses the literary element of characterization to show John Proctor's transformation from failure to goodness. There is a definite contradiction in Proctor; additionally, he says that he loves his wife; but, he adulters her as soon as she becomes ill. Also he does not attend church because he dislikes the way in which Reverend Samuel Parris governs the church, as well as the way he preaches. Proctor abhors how Parris uses donations for the church to buy superfluous things, " ...When I look to heaven and see my money glaring at his elbows- it hurt my prayer, sir, it hurt my prayer" (69).Williams 2Proctor's commitment wavers depending upon his own personal needs. Arthur Miller characterized him as one with weak theology and one who struggled with personal commitment,

Learn 600 of the Most Important English Nouns

Learn 600 of the Most Important English Nouns The 600 nouns in this list are part of Charles K. Ogdens compilation of 850 words, which he released in 1930 with the book Basic English: A General Introduction with Rules and Grammar. This list is an excellent starting point for building up vocabulary to converse fluently in English. While this list is helpful for a strong beginning, more advanced vocabulary building will help you improve your English.   400 General Nouns 1. account2. act4. adjustment5. advertisement6. agreement7. air8. amount9. amusement10. animal11. answer12. apparatus13. approval14. argument15. art16. attack17. attempt18. attention19. attraction20. authority21. back22. balance23. base24. behavior25. belief26. birth27. bit28. bite29. blood30. blow31. body32. brass33. bread34. breath35. brother36. building37. burn38. burst39. business40. butter41. canvas42. care43. cause44. chalk45. chance46. change47. cloth48. coal49. color50. comfort51. committee52. company53. comparison54. competition55. condition56. connection57. control58. cook59. copper60. copy61. cork62. copy63. cough64. country65. cover66. crack67. credit68. crime69. crush70. cry71. current72. curve73. damage74. danger75. daughter76. day77. death78. debt79. decision80. degree81. design82. desire83. destruction84. detail85. development86. digestion87. direction88. discovery89. discussion90. disease91. disgust92. distance93. distribution94. division95. doubt96. drink97. driving 98. dust99. earth100. edge 101. education102. effect103. end104. error105. event106. example107. exchange108. existence109. expansion110. experience111. expert112. fact113. fall114. family115. father116. fear117. feeling118. fiction119. field120. fight121. fire122. flame123. flight124. flower125. fold126. food127. force128. form129. friend130. front131. fruit132. glass133. gold134. government135. grain136. grass137. grip138. group139. growth140. guide141. harbor142. harmony143. hate144. hearing145. heat146. help147. history148. hole149. hope150. hour151. humor152. ice153. idea154. impulse155. increase156. industry157. ink158. insect159. instrument160. insurance161. interest162. invention163. iron164. jelly165. join166. journey167. judge168. jump169. kick170. kiss171. knowledge172. land173. language174. laugh175. low176. lead177. learning178. leather179. letter180. level181. lift182. light183. limit184. linen185. liquid186. list187. look188. loss189. love190. machine191. man192. manager193. mark194. market195. mass196. meal197. measure198. meat199. meeting200. memory 201. metal202. middle203. milk204. mind205. mine206. minute207. mist208. money209. month210. morning211. mother212. motion213. mountain214. move215. music216. name217. nation218. need219. news220. night221. noise222. note223. number224. observation225. offer226. oil227. operation228. opinion229. order230. organization231. ornament232. owner233. page234. pain235. paint236. paper237. part238. paste239. payment240. peace241. person242. place243. plant244. play245. pleasure246. point247. poison248. polish249. porter250. position251. powder252. power253. price254. print255. process256. produce257. profit258. property259. prose260. protest261. pull262. punishment263. purpose264. push265. quality266. question267. rain268. range269. rate270. ray271. reaction272. reading273. reason274. record275. regret276. relation277. religion278. representative279. request280. respect281. rest282. reward283. rhythm284. rice285. river286. road287. roll288. room289. rub290. rule291. run292. salt293. sand294. scale295. science296. sea297. seat298. secretary299. selection 300. self301. sense302. servant303. sex304. shade305. shake306. shame307. shock308. side309. sign310. silk311. silver312. sister313. size314. sky315. sleep316. slip317. slope318. smash319. smell320. smile321. smoke322. sneeze323. snow324. soap325. society326. son327. song328. sort329. sound330. soup331. space332. stage333. start334. statement335. steam336. steel337. step338. stitch339. stone340. stop341. story342. stretch343. structure344. substance345. sugar346. suggestion347. summer348. support349. surprise350. swim351. system352. talk353. taste354. tax355. teaching356. tendency357. test358. theory359. thing360. thought361. thunder362. time363. tin364. top365. touch366. trade367. transport368. trick369. trouble370. turn371. twist372. unit373. use374. value375. verse376. vessel377. view378. voice379. walk380. war381. wash382. waste383. water384. wave385. wax386. way387. weather388. week389. weight390. wind391. wine392. winter393. woman394. wood395. wool396. word397. work398. wound39 9. writing400. year 200 Specific Nouns 1. angle2. ant3. apple4. arch5. arm6. army7. baby8. bag9. ball10. band11. basin12. basket13. bath14. bed15. bee16. bell17. berry18. bird19. blade20. board21. boat22. bone23. book24. boot25. bottle26. box27. boy28. brain29. brake30. branch31. brick32. bridge33. brush34. bucket35. bulb36. button37. cake38. camera39. card40. carriage41. cart42. cat43. chain44. cheese45. chess46. chin47. church48. circle49. clock50. cloud51. coat52. collar53. comb54. cord55. cow56. cup57. curtain58. cushion59. dog60. door61. drain62. drawer63. dress64. drop65. ear66. egg67. engine68. eye69. face70. farm71. feather72. finger73. fish74. flag75. floor76. fly77. foot78. fork79. fowl80. frame81. garden82. girl83. glove84. goat85. gun86. hair87. hammer88. hand89. hat90. head91. heart92. hook93. horn94. horse95. hospital96. house97. island98. jewel99. kettle 100. key101. knee102. knife103. knot104. leaf105. leg106. library107. line108. lip109. lock110. map111. match112. monkey113. moon114. mouth115. muscle116. nail117. neck118. needle119. nerve120. net121. nose122. nut123. office124. orange125. oven126. parcel127. pen128. pencil129. picture130. pig131. pin132. pipe133. plane134. plate135. plough136. pocket137. pot138. potato139. prison140. pump141. rail142. rat143. receipt144. ring145. rod146. roof147. root148. sail149. school150. scissors151. screw152. seed153. sheep154. shelf155. ship156. shirt157. shoe158. skin159. skirt160. snake161. sock162. spade163. sponge164. spoon165. spring166. square167. stamp168. star169. station170. stem171. stick172. stocking173. stomach174. store175. street176. sun177. table178. tail179. thread180. throat181. thumb182. ticket183. toe184. tongue185. tooth186. town187. train188. tray189. tree190. trousers191. umbrella192. wall193. watch194. wheel195. whip196. whistle197. window198. wing199. wire200. worm

The Advantage of Knowing the Business Environment Research Paper

The Advantage of Knowing the Business Environment - Research Paper Example As the discussion highlights  information technology has been the driving force of economic development, while reformist asserts that government contributes to changes in the environment through their monetary and fiscal policy. Government legislates regulation that the companies are mandated to follow such as labor codes, and health and sanitation; hence, the firms’ movement is restricted. Moreover, they are subjected to international and local policies that may alter their business strategies. Although globalization has been associated with the trends in technological innovation, it also signifies the penetration of an international firm to local markets. Business sectors that aim to expand their market size are governed by the political, economic, and social norms.This paper stresses that the view of Keynesian on the role of government is significant in studying the market. Government shapes the operation of a globalized firm. However, with the integration of the internet , global marketers have reached their prospect consumers where no boundaries are set. An example of a global firm is KFC, an American fast-food sector that successfully integrates the Chinese market.  Marketing research is the strategy used by firms to gather relevant information as their basis in devising a marketing plan. The purpose of marketing research is to gain competitive advantage and reduce uncertainty. Competitive Advantage Marketing research aims to study the environment of a particular area. The environment contains factors that can affect the business operation. In studying the local market, STEP analysis is employed. STEP stands for social, technological, economic, and political factors that are relevant in determining the success of a company. Social factors refer to the demographics (e.g. age, gender, and education), class, values, and etc. To effectively capture the target market of KFC, they must research on the lifestyle, values, and other social attributes necessary in formulating a marketing strategy. The target markets of KFC are younger generation, since they are opened for foreign influence compared to older people. Moreover, technology is utilized in selling products and services. For an instance, KFC must determine the number of households with online access and their pattern of using the internet to become their basis of choosing a medium for adverts. On the one hand, the economic and p olitical factors are relevant in shaping the marketing strategy of a firm. They are concerned with the macro and micro economics that may affect the stability of a company. Thus, the information gathered are compiled and studied to construct a comprehensive plan in winning the market. Gould (2008, p.4) suggests another method of ensuring the company’s success is through SWOT analysis. This analysis is centered on the strengths, weaknesses, opportunities and threats in the external and internal environment of firms. The company enables to know their weaknesses and devise a ‘defensive’ strategy to counteract the ‘offensive’ strategy of the competitors. Thus, if the competitors strike, the company

Eaton Canyon Nature Center in California Pasadena Essay

Eaton Canyon Nature Center in California Pasadena - Essay Example Fascinating displays, live animals, offices, classrooms, an auditorium, restrooms, and an information desk/gift shop at the entrance Tourists can purchase shirts, hats, post cards, rock samples, books, hand and finger puppets, hummingbird feeders, and much more. The Mt. Wilson Toll Road and a bridge across the canyon were built for hikers and bicyclists. There are horse stables at the base of the Eaton Canyon Natural Area Nature Center, Natural Park is like a spectrum of lush green foliage through which cuts the gurgling Eaton Canyon Stream located at the base of Mt. Wilson. Although Mount Wilson is over 5,700 feet high, there is a large group of mountain peaks, which rise to more than 9,000 feet, including Mount Baldy and Mount Baden-Powell. The beautiful San Gabriel Mountains are having are having a rugged steep slopes, ridges and deep canyons. There are five miles of nature trails, an equestrian trail, creeks and a waterfall. Some of the rock types found at this place has been dated at well over two billion years old. Thanks to Kate Lain for her research a lot of history is known now about the place. Eaton Canyon originally called "El Precipicio" by the Spanish settlers because of its steep gorges; it is now named after Judge Benjamin Eaton, who built the first Fair Oaks Ranch House in 1865 not far from Eaton Creek. Judge Eaton was the first to use irrigation from the creek to grow grapes on the slopes. In the year1912, summer cabin sites in the Angeles National Forest are made available for lease to the public; later cabins are built on the Eaton Canyon Tract in upper Eaton Canyon .The Canyon was nearly completely burned in the 1993 fire. Afterward, the vegetation in the Canyon was seeded again. Biotic communities Botanically, Eaton Canyon is interesting natural place and imbibes very lush and has beautiful displays of local flora and fauna. It is naturally rich in plants due to thePage 3 usually abundant water and wide wash. The vegetation in the canyon depends on the low water flows and groundwater. There are more than fifty species of plants and wide variety of animals in the canyon. Poison oak is one of the more common plants in the park. Numerous reptiles, amphibians and fish are found in the park. Twenty types of mammals, including mule deer, bobcats, coyote, fox and mountain lion, over one hundred fifty species of birds, including hawks, vultures, owls, heron, pelican and eagles are in this natural park. Some birds and lizards hide in underground burrows, under rocks, in trees, are fairly easy to spot by the visitors. This flora are also scattered outside the planted areas of Eaton Canyon, which includes the area around the Nature Center. Most taxas are found in Lower Eaton Canyon, from Eaton Canyon Park north to

Management, Motivation, & Leadership Essay Example | Topics and Well Written Essays - 500 words

Management, Motivation, & Leadership - Essay Example They then employ every strategy in pursuance of the target (McGrath, 2011). Eagles know and stick to their moral principles. An eagle will never feed on dead meat, however, hungry it is. Great leaders know and stick to their principles irrespective of the prevailing circumstances. Honesty to oneself and others is a virtue for any successful leader (McGrath, 2011). The eagle family is one of a kind where the male has to persuade the female well enough before they can mate. This may involve building nests that the female has to approve and to be patient enough to the teasing of the female eagle. As a leader, you need to develop persuasion skills so that you can withstand the competition in the market. Sometimes, as a leader you have to go extra mile to win the trust of your followers or partners when trying to cut a business deal (McGrath, 2011). The eagle character is to use challenges to its advantage. For instance, when there is a storm and every other bird is hiding the eagle uses the storm to rise higher. This character is an important principle for any successful leader. When something unexpected happens to alter your plan, and then a great leader seeks for an opportunity in the challenge t achieve greater dreams (McGrath, 2011). A female eagle makes decision based on trust that is developed over time. She tests teases the male with twigs to test his commitment before mating. A great leader makes a decision after thorough search of relevant information and evaluation of probable risks involved (McGrath, 2011). An eagle coaches the eaglets to fly by either throwing them out of the nest or taking them to heights, release them and then follow them to catch them before they can fall to the ground. A good leader should be able to model others for future leadership (McGrath, 2011). Both the male and female eagles participate in the building of a nest where the female lays eggs. The female lays eggs and protects them while the male builds a

Application to Modern Investment Theory to EMH

Application to Modern Investment Theory to EMH The modern investment theory and its application on the efficient markets hypothesis 1. Introduction The Modern investment theory and its application is predicated on the Efficient Markets Hypothesis (EMH), assumption that markets fully and instantaneously integrate all available information into market prices. Underlying this comprehensive idea is the assumption that market participants are perfectly rational, and always act in self-interest, making optimal decisions. These assumptions have been challenged. It is difficult to tip over the neo classical convention that has yielded such insights as portfolio optimization, Capital Asset Pricing Model, Arbitrage Pricing Theory and Cox Ingersoll-Ross theory of the term structure of interest rates, all of which are predicated on the EMH[2] rather than downside risks[3]. The theory of behavioral finance is opposite to the traditional theory of Finance and deals with human emotions, sentiments, conditions, biases on collective as well as individual basis. Behavior finance theory is helpful in explaining past practices of investors and dete rmining the false performance of the investors. Behavioral finance is a concept of finance which deals with finances incorporating findings from psychology and sociology. It is reviewed that behavioral finance is generally based on individual behavior and financial market outcomes. There are many models explaining behavioral finance that explains investors behavior or market irregularities where rational models fail to provide adequate information. Investors do not expect such research to provide a method to make lots of money from inefficient financial markets quickly. According to Shiller (2001) Behavioral finance has basically emerged from the theories of psychology, sociology and anthropology where implications of these theories appear to be significant for efficient market hypothesis, that is based on the positive notion that people behave rationally, maximize their utility. It is found that in efficient market the principle of rational behavior is not always correct. Thus, the idea of analyzing other model of human behavior has come up. Gervais (2001) further explains the concept where he says that people like to relate to the stock market as a person having different moods, this person can be bad-tempered or high-spirited and can overreact one day or make amends the next. This person indicates human behavior which is unpredictable and behaves differently in different situations. Lately many researchers have suggested the idea that psychological analysis of investors may be very helpful in understanding financial markets better. To do so it is important to understand behavioral finance presenting the concept of traditional theory overestimating rationality of investors, their biases in decisions casting a cumulative impact on asset prices. To many researchers the study of behavior in finance appeared to be a revolution. As it transforms peoples mentality and perception about markets and factors that influence the markets. The paradigm is shifting. People are continuing to walk across the border from the traditional to the behavioral camp. Gervais (2001, pp.2). On the contrary some people believe that may be its too early to call it a revolution. Gervais (2001) states that Fama in (1970) argued that behavioral finance has not really shown an impact on world prices, and that model contradict each other on different point of times. Giving very less account to behaviorist explanations of trends and the irregularities anomaly ( is any occurrence or object that is strange, unusual, or unique) also argued that in order to locate patterns the data mining techniques are much helpful. Other researchers have also criticized the idea that behavioral finance models tend to replace the traditional models of market functions. Some weaknesses in this area, explained by Gervais (2001)are that generally overreaction and under reaction are major causes of market behavior. In these cases People take the behavior that seems to be easy for a particular study regardless of the fact that whether these biases are either primary factor of economic forces or not. Secondly, lack of trained and expert people. The field does not have enough trained professionals both in psychology or finance fields and therefore as a result the models presented by researchers are improvised. Gervais (2001) also focused on individual behavior impacting asset prices and explained that this field of behavioral finance is currently in its developmental stage, in its way of development it is facing a lot of disagreement which itself is a productive one. He points out that if we apply the conceptual models of behavioral finance to the corporate finance, it can majorly pay off. If money managers are incorrectly rational, means they are probably not evaluating their investment strategies correctly. They might take wrong decisions in their capital structure decisions. It has been found that quite a few people foresee behavioral finance displacing the age old Efficient Markets theory. On the contrary underlying assumption that investors and managers are completely rational makes insightful sense to many people. 2. Traditional Finance and Empirical Evidence Fung, (2006) claimed that Post Keynesian theory has criticized mainstream economic theory for using statistical methods to model the world in which histori ­cal market data cannot provide, In recent years, two different lines of research experimental economics and behavioral finance have pro ­duced results that are at odds with the predictions of mainstream finan ­cial theory. This paper argues that it is beneficial to the development of good financial theory for Post Keynesian economists to engage in an exchange of ideas with the practitioners of these two lines of research. The difference of opinion originated when experimental economics and behavioral finance understood the difference between agents rationality in theory and in real world. Both had a same point of view regarding Post Keynesian economists where both of them refused to assume Post Keynesian economists assumption of economic actors being always rational by maximizing expected utility. Instead of assuming ration al economic ac ­tors who always act consistently, they often tap into insights provided by psychology to try to explain economic behavior. The use of psychol ­ogy can be traced back to Keynes, and, in fact, some of the papers in experimental economics and behavioral finance take a remark of Keynes on the psychology of economic actors as an inspiration for designing empirical tests of economic behavior. Indeed, some of these papers rec ­ognize that we live in an uncertain world, and they examine the heuris ­tics, or rules of thumb, that economic actors develop to guide their behavior in face of uncertainty. When Keynes made his remark in 1936 (the original publication date of the General Theory), there was not yet an efficient market hypothesis. But in 1970 Fama published his pioneering paper on efficient markets. In it, he defined an efficient market as a market in which prices always fully reflect available information. Traditional theory assumes that agents are rational an d the law of one price holds that is a perfect scenario. Where the law of One price[5]. And agents rationality explains the behavior of investor Professional and Individual which is generally inconsistent with rationality or future predictions. If a market achieves a perfect scenario where agents are rational and law of one price holds then the market is efficient. With the availability of large amount of information, form of market changes. It is unlikely that market prices contain all private information. The presence of noise traders (traders, trading randomly and not based on information). Researches show that stock returns are typically unpredictable based on past returns where as future returns are predictable to some extent. According to Glaser et al. (2003) Few examples from the past literature explains the problem of irrationality which occurs because of naive diversification, behavior influenced by framing, the tendency of investors of committing systematic errors while ev aluating public information. Lately it has been found that investors` attitude towards the riskiness of a stock in future and the individual interpretation may explain the higher level trading volume, which itself is a vast topic for insight. A problem of perception exist in the investors actions that stocks have a higher risk adjusted returns than bonds. Another issue with the investors is that these investors either care about a stock portfolio or just about the value of each single security in their portfolio and thus ignore correlations. The concept of ownership society[6] has been promoted in the recent years where people can take better care of their own lives and be better citizen too if they are both owner of financial assets and homeowners. As Shiller (2006) suggested that in order to improve lives of less advantaged people in our society is to teach them how to be capitalist, In order to put ownership society in its right perspective, behavioral finance is needed to be und erstood. The concept of ownership society seems very attractive when people appear to make profits from their investments. Behavioral finance is also very helpful in understanding and justifying government involvement in investing decisions of individuals. The failure of millions of people to save properly for their future is also a core focus of behavioral finance. According to Glaser et al. (2003) there are two approaches towards behavioral finance, where both tend to have same goals. The goals tend to explain observed prices, market trading volume and Last but not the least is the individual behavior better than traditional finance models. Belief Based Model: Psychology (Individual Behavior) Incorporates into Model Market prices and Transaction Volume. It includes findings such as Overconfidence, Biased Self- Attrition, and Conservatism and Representativeness. Preference Based Model: Rational Friction or from psychology Find explanations, Market detects irregularities and individual behavior. It incorporates Prospect Theory[7], House money effect and other forms of mental accounting. Behavioral Finance and Rational debate: the article by Heaton and Rosenberg (2004) highlights the debate between the rational and behavioral model over testability and predictive success. And it was found that neither of them actually offers either of these measures of success. The rational approach uses a particular type of rationalization methodology; which goes on to form the basis of behavior finance predictions. A closer look into the rational finance model goes on to show that it employs ex post rationalizations of observed price behaviors. This allows them greater flexibility when offering explanations for economic anomalies. On the other hand the behavior paradigm criticizes rationalizations as having no concrete role in predicting prices accurately, t hat utility functions, information sets and transaction costs cannot be `rationalized. Ironically they also reject the rational finances explanatory power which plays an essential role in the limits of arbitrage, which actually makes behavioral finance possible. Heaton Rosenberg (2004) presented Milton Friedmans theory that laid the basis of positive economics. His methodology focused on how to make a particular prediction; it is irrelevant whether a particular assumption is rational or irrational. According to this methodology, the rational finance model relies on a limited assumption space since all assumptions that are supposedly not rational have been eliminated. This is one of the major reasons behind the little success in rational finance predictions. Despite the minimal results, adherents of this model have criticized the behavioral model as lacking quantifiable predictions that are based on mathematical models. Rational finance has targeted a more important aspect in the structure of economy, i.e. Investor uncertainty, which further cause financial anomalies. In explaining these assertions, the behavioral approach emphasizes importance of taking limits in arbitrage. Further his methodological approach falls into the category `instru mentalism[8], which basically states that theories are tools for predictions and used to draw inferences. Whether an assumption is realistic or rational is of no value to an instrumentalist. By narrowing what may or may not be possible, one will inevitably eliminate certain strategies or behaviors which might in fact go on to maximize utility or profits based on their uniqueness. An assumption could be irrational even in the long run, but it is continuously revised and refined to make it into something useful. In opposition to this, many individuals have said that behaviouralists are not bound by any constraints thus making their explanations systematically irrational. Heaton Rosenberg (2004) further explains the concept of Rubinstein that how when everyone fails to explain a particular anomaly, suddenly a behavioral aspect to it will come up, because that can be based on completely abstract irrational assumptions. To support rationality, he came up with two arguments. Firstly he w ent on to say that an irrational strategy that is profitable, will only attract copy cat firms or traders into the market. This is supported when a closer look is given towards limits to arbitrage. Secondly through the process of evolution, irrational decisions will eventually be eliminated in the long run. The major achievements characterized of the rational finance paradigm consist of the following: the principle of no arbitrage; market efficiency, the net present value decision rule, and derivatives valuation techniques; Markowitzs (1952) mean-variance framework; event studies; multifactor models such as the APT, ICAPM, and the Consumption CAPM. Despite the number of top achievements that supporters of the rational model claim, the paradigm fails to answer some of the most basic financial economic questions such as `What is the cost of capital for this firm? or `What is its optimal capital structure?; simply because of their self imposed constraints. So far this makes it seem lik e rational finance and behavioral finance are mutually exclusive. Contrary to this, they are actually interdependent, and overlap in several areas. Take for instance the concept of mispricing when there is no arbitrage. Behavior finance on the other hand suggests that this may not be the case; irrational assumptions in the market will still lead to mispricing. Further even though certain arbitrageurs may be able to identify irrationality induced mispricing, because of the imperfect market information, they are unable to convince investors of its existence. Over here, the rational model is accepting the existence of anomalies which are affected both through the factors of risk and chance; therefore coinciding with the perspective of behavioral finance. Two instances are clear examples of how rationalization is an important limit of arbitrage: i) the build-up and blow-up of the internet bubble; and ii) the superiority of value equity strategies. If we focus on the latter, we are able to see behavioral finance literature that highlights the superiority of such strategies in the ability of analysts to extrapolate results for investors. This is possible when rationalization is taken as a limit to arbitrage. Similarly these strategies may also limit arbitrage against mispricing, through the great risk associated with stocks. In explaining most anomalies it is essential that analysts first conclude whether pricing is rational or not. To prove their hypothesis that irrationality induced mispricing exists; behaviouralists may find it easier if they accepted the role of rationalization in limits of arbitrage. Slow information diffusion and short-sales constraints are other factors which explain mispricing. However these factors alone cannot form the basis of a strong and concrete explanation that will clarify pricing across firms and also across time. Those supporting the rational paradigm attack behavioral finance adherents in that their predictions for the financial markets have been made on irrational assumptions; that are not supported by concrete mathematical or scientific models. In their view the lack of concrete discipline in the methodology adopted in behavior finance leads to the lack of testing in their forecasts. On the other hand the rational model is criticized for its lack of success in financial predictions. The behaviouralists claim that this limitation exists because the supporters of rational finance dismiss aspects of the economic market simply because it may not fall into explainable rational behavior. Both perspectives claim to align themselves with respect to the goals of `testability and `predictions, while at the same time continue to offer evidence against the other model. In reality however, rather than being exclusively mutual both paradigms assist one another in making their predictions. Ray (2006) examines a new genre of behavioral markets prediction markets and their remarkable a bility to aggregate inside and expert information from around the world in order to accurately predict all types of economic and financial variables. To date it is said that the prediction markets are the most accurately efficient markets as they prove to show all three forms of market efficiency (weak, semi-strong, and strong), in contrast to regulated markets. Prediction markets are also said to be decision markets. It initially evolved in 1988 with the first online betting market the Iowa Electronic Market. These online markets have proven their predictions accurately since the time they came into being. To be precise these prediction markets are behavioral markets with powerful statistical components that are able to predict the most likely values of future financial variables, variances around such values, and their correlations with other future financial variables. Ray (2006) says that being unregulated, prediction markets are highly effective at flushing out and thereafter a ggregating relevant information including inside and expert information regarding a particular event, globally extracting such information from savvy bettors who are eager to profit from their inside and expert information. These sorts of prediction markets have become so popular that now a days major companies use such behavioral markets to accurately forecast sales, earnings, product success, and many other financial and economic variables. The foremost tool for these markets is the wisdom of crowd. In order to accurately predict financial and economical variables he presented few conditions as a prerequisite, which included mainly having a variety of opinions, with no herd behavior, should be able to use their knowledge according to the information available with them and last but not the least is the fact that prediction markets expectations are not self fulfilling prophecies. Prediction markets are a new genre of behavioral markets that continually reveal the thinking of confid ent insiders by suggesting them to profit from their inside and expert information. The subjective evidence with a few statistical evidences corroborates the impressive ability of these markets to predict financial events of all types. The phenomenon exists from ages and effectively proves its performance especially in worlds financial markets. The demonstrated accuracy of predictions in these markets can be of significant utility to traders, financial analysts, behavioral analysts, and many others intending to forecast and analyze financial data. A persons tendency to make errors is known as cognitive bias. These errors are based on the cognitive factors that include statistical judgments, social attribution and memory being common to all the humans in the world. Cognitive bias is the tendency of intelligent, well-informed people to consistently do the wrong thing. Crowell (1994, pp. 1). The reason behind this cognitive bias is that the Human brain is made for interpersonal relationships and not for processing statistics. He discussed the frailty of forecasts. Generally it is said that the world is divided into two groups: People forecasting positively and people forecasting negatively. These forecasts exaggerate the reliability of their forecasts and trace it to the illusion of validity which exists even when the illusionary character is recognized. Fisher and Statman, (2000) discussed five cognitive bias, underlying the illusion of validity that are Overconfidence, Confirmation, Representativeness, Anchoring, and Hindsight. Shiller (2002) discusses, that irrational behavior may disappear with more learning and a much more structured situation. History proves it that many of cognitive biases in human judgment value uncertainly will change; they may be convinced if given proper instructions, on the part-experience of irrational behavior. The three most common themes of behavioral finance are as follows: Heuristics, Framing and Market Inefficiencies. People when decide on the basis of the rules of thumb regardless of rationalizing suffer from Heuristics. Some forms of Heuristics are: Prospect theory, Loss Aversion, Status quo Bias, Gamblers Fallacy[9], Self-serving bias and lastly Money illusion. Framing is basically a problem of decision making where the decision is based on the point where there is difference in how the case is presented to the decision maker. Cognitive framing, Mental accounting and Anchoring are the common forms of Framing 3. Market Inefficiencies As observed, that market outcomes are totally opposite to rational expectations and efficient market hypothesis where mispricing, irrational decision making and return anomalies are examples of it. Fung (2006) introduced three forms of market efficiency earlier presented by Fama in 1970. In the weak form, the information set con ­tains only historical prices. In the semi strong form, information set contains all publicly available information. In the strong form, the infor ­mation contains not only all publicly available information but also insider information not available to the public. This definition of efficient mar ­kets is too general to be testable empirically. To make the model testable, he proposed a process of price formation known as the expected re ­turn or fair game efficient markets model. In this model, when investors form expectations of security prices, they fully utilize all the information that is fully reflected in those prices. It is called a fair game model, because using only the information that is fully reflected in security prices, no trading system can have expected profits or returns in excess of equi ­librium expected profits or returns. These terms have been described as specific market anomaly from a behavioral point of view. Anomaly (economic behavior) Disposition effect Endowment effect Inequity aversion Intertemporal consumption Present-biased preferences Momentum investing Greed and fear Herd behavior Anomalies (market prices and returns) Efficiency wage hypothesis Limits to arbitrage Dividend puzzle Equity premium puzzle Behavioral Economic Models are restricted to a certain observed market anomaly and it adjusts the neo classical models by explaining the phenomenon of Heuristics and framing to the decision makers. It is usually said that economics get along with in the neo classical framework, with just one restriction of the assumption of rationality. Loix et. Al (2005) in their paper Orientation towards Finances explains the individual financial management behavior, people dealing with their financial means. They have analyzed the Non-specific financial behavior as already we see extensive research on the specific finance behavior such as saving, taxation, gambling and amassing debt, and gave a lot of importance to stock market, investors and households. The analysis of general public`s behavior was done, where an ordinary man is not sure and simply act according to the guesses over their money related issues. It was also found that people interested in economic and financial matters are much more active in collecting specific information than general public, stating that financial behavior of household is an important relevant topic that needs to be discussed in much more details. Household financial management is similar to the financial management. The construct of orientation towards finances was developed where the individual ORTO FIN focuses on competencies (interest and skills). Having stronger money attitude is an indication of stronger orientation towards finances and much more effective competencies. Therefore we expect some relevance and similarity between corporate and household management behavior as both require organizing, forecasting, planning and control. Loix et. al (2005) analyzed general publics behavior in basically dividing them into two groups, Financial Information and Personal financial planning. Also explaining some practical and theoretical gaps in the area of psychology of money usage, they concluded that ORTOFIN (Orientation towards finance) indicates the involvement of individuals in managing their finances. Proving out the point that active interest in financial information and an urge to plan expenses are two main factors. A stronger ORTFIN indicates: greater use of debit accounts, higher savings account, wide variety of investments, greater awareness of ones financial Intimate knowledge of the details of ones savings/deposit accounts obsessed by money, higher achievement and power in monetary terms, Further age is also inversely proportional. Shiller, (2006) in his article talked about the co-evolution of neo-classical and behavior finance that in 1937 when A. Samuelsson one of the great economists wrote about people m aximizing the present value of utility subject to a present value. Another judgment he realized was time being consistent human behavior where if at any time t, 0 4. Investing and Cognitive Bias Money Managers and Money management is a very popular phenomenon. The performance in a stock market is measured at daily basis and waiting for a highly subjective annual review of ones performance by ones superior. Market grades you on a daily basis. The smarter one is, more confident one becomes of ones ability to succeed; clients support them by trusting them that eventually helps their careers. But the truth is that few money managers put in sufficient amount of time and effort to figure out what works and develop a set of investment principles to guide their investment decisions Browne (2000). Further he discussed the importance of asset allocation and risk aversion, in order to understand why we do what we do regardless of whether it is rational or not. General public opts for money Managers to deal with their finances and these managers are categorized in three ways: Value Managers, Growth Managers and Market Neutral Managers. The vast majority of money managers are categorized as either value managers or growth managers although a third category, market neutral managers, is gaining popularity these days and may soon rival the so-called strategies of value and growth. Some investment management firms even are being cautious by offering all styles of investments. What too few money managers do is analyze the fundamental financial characteristics of portfolios that produce long-term market beating results, and develop a set of investment principles that are based on those findings. Difference of opinion on the definition of value is the problem. The reasons for this are two-fold, one being the practical reality of managing large sums of money, and other related to behavior. As the assets under management of an advisor grow, universe of potential stocks shrinks. Analyzing why individual and professional investors do not change their behavior even when they face empirical evidence, suggests that their decisions are less than optimal. An answer to this questio n is said to be that being a contrarian may simply be too risky for the average individual or professional. If a person is wrong on collective basis, where everyone else also had made a mistake, the consequences professionally and for ones own self-esteem are far less damaging than if a person is wrong alone. The herd instinct allows for comfort of safety in numbers. The other reason is that individuals try to behave same way and do not tend to change courses of action if they are happy. If the results are not too painful individuals can be happy with sub-optimal results. Moreover, individuals who tend to be unhappy make changes often and eventually end up being just as unhappy in their new circumstances. According to traditional view of investment management, fundamental forces drive markets, however many other investment firms are consider being active and basing their working on their experienced Judgment. It is also believed that Judgmental overrides value and fundamental forces of markets can be lethal as well as a cause of financial disappointment. Historically it has been found that people override at wrong times and in most cases would be better off sticking to their investment disciplines and the reason to this behavior is the cognitive bias. According to Crowell (1994) and many other researchers, stocks of small companies with low price/book ratios provide excess returns. Therefore, given a choice among small cheap stocks and large high priced stocks, prominent investors (financial analysts, senior company executives and company directors) will certainly prefer small cheap ones. But the fact is opposite to this situation where these prominent investors would opt for large high priced ones and so suffer from cognitive bias and further regret. The assumptions made by Crowell (1994, pp.2) were that Long term investment value should be negatively correlated with size since small stocks provide superior returns. Long term Investment value should have a negative correlation with Price/book since low Price/Book stocks provide superior returns. Whereas the results Crowell`s survey were contrary stating that Long Term Investment had a positive correlation with size and with Price/Book stocks. Crowell further stated that according to Shefrin and Statman, prominent investors overestimate the probability that a good company is a good stock, relying on the representative heuristics, concluding that superior companies make superior stocks. Discussing the concept of regrets, aversion to regret is different from aversion to risk; Regret is acute when an individual must take responsibility for the final outcome. Aversion to regret leads to a preference for stocks of good companies. The choice of the stocks of bad companies involves more personal responsibility and higher probability of regret. Therefore, two major Cognitive errors appear: We have a double cognitive error: good company always makes good stock (representativeness), and involves less responsibility(Less aversion to regret). (Crowell, 1994,pp.3) The Anti Cognitive bias actions would be admitting to your owned stocks, admitting earlier investment mistakes. Further, taking the responsibility for actions to improve their performance in future. The reasons for all the available discip Application to Modern Investment Theory to EMH Application to Modern Investment Theory to EMH The modern investment theory and its application on the efficient markets hypothesis 1. Introduction The Modern investment theory and its application is predicated on the Efficient Markets Hypothesis (EMH), assumption that markets fully and instantaneously integrate all available information into market prices. Underlying this comprehensive idea is the assumption that market participants are perfectly rational, and always act in self-interest, making optimal decisions. These assumptions have been challenged. It is difficult to tip over the neo classical convention that has yielded such insights as portfolio optimization, Capital Asset Pricing Model, Arbitrage Pricing Theory and Cox Ingersoll-Ross theory of the term structure of interest rates, all of which are predicated on the EMH[2] rather than downside risks[3]. The theory of behavioral finance is opposite to the traditional theory of Finance and deals with human emotions, sentiments, conditions, biases on collective as well as individual basis. Behavior finance theory is helpful in explaining past practices of investors and dete rmining the false performance of the investors. Behavioral finance is a concept of finance which deals with finances incorporating findings from psychology and sociology. It is reviewed that behavioral finance is generally based on individual behavior and financial market outcomes. There are many models explaining behavioral finance that explains investors behavior or market irregularities where rational models fail to provide adequate information. Investors do not expect such research to provide a method to make lots of money from inefficient financial markets quickly. According to Shiller (2001) Behavioral finance has basically emerged from the theories of psychology, sociology and anthropology where implications of these theories appear to be significant for efficient market hypothesis, that is based on the positive notion that people behave rationally, maximize their utility. It is found that in efficient market the principle of rational behavior is not always correct. Thus, the idea of analyzing other model of human behavior has come up. Gervais (2001) further explains the concept where he says that people like to relate to the stock market as a person having different moods, this person can be bad-tempered or high-spirited and can overreact one day or make amends the next. This person indicates human behavior which is unpredictable and behaves differently in different situations. Lately many researchers have suggested the idea that psychological analysis of investors may be very helpful in understanding financial markets better. To do so it is important to understand behavioral finance presenting the concept of traditional theory overestimating rationality of investors, their biases in decisions casting a cumulative impact on asset prices. To many researchers the study of behavior in finance appeared to be a revolution. As it transforms peoples mentality and perception about markets and factors that influence the markets. The paradigm is shifting. People are continuing to walk across the border from the traditional to the behavioral camp. Gervais (2001, pp.2). On the contrary some people believe that may be its too early to call it a revolution. Gervais (2001) states that Fama in (1970) argued that behavioral finance has not really shown an impact on world prices, and that model contradict each other on different point of times. Giving very less account to behaviorist explanations of trends and the irregularities anomaly ( is any occurrence or object that is strange, unusual, or unique) also argued that in order to locate patterns the data mining techniques are much helpful. Other researchers have also criticized the idea that behavioral finance models tend to replace the traditional models of market functions. Some weaknesses in this area, explained by Gervais (2001)are that generally overreaction and under reaction are major causes of market behavior. In these cases People take the behavior that seems to be easy for a particular study regardless of the fact that whether these biases are either primary factor of economic forces or not. Secondly, lack of trained and expert people. The field does not have enough trained professionals both in psychology or finance fields and therefore as a result the models presented by researchers are improvised. Gervais (2001) also focused on individual behavior impacting asset prices and explained that this field of behavioral finance is currently in its developmental stage, in its way of development it is facing a lot of disagreement which itself is a productive one. He points out that if we apply the conceptual models of behavioral finance to the corporate finance, it can majorly pay off. If money managers are incorrectly rational, means they are probably not evaluating their investment strategies correctly. They might take wrong decisions in their capital structure decisions. It has been found that quite a few people foresee behavioral finance displacing the age old Efficient Markets theory. On the contrary underlying assumption that investors and managers are completely rational makes insightful sense to many people. 2. Traditional Finance and Empirical Evidence Fung, (2006) claimed that Post Keynesian theory has criticized mainstream economic theory for using statistical methods to model the world in which histori ­cal market data cannot provide, In recent years, two different lines of research experimental economics and behavioral finance have pro ­duced results that are at odds with the predictions of mainstream finan ­cial theory. This paper argues that it is beneficial to the development of good financial theory for Post Keynesian economists to engage in an exchange of ideas with the practitioners of these two lines of research. The difference of opinion originated when experimental economics and behavioral finance understood the difference between agents rationality in theory and in real world. Both had a same point of view regarding Post Keynesian economists where both of them refused to assume Post Keynesian economists assumption of economic actors being always rational by maximizing expected utility. Instead of assuming ration al economic ac ­tors who always act consistently, they often tap into insights provided by psychology to try to explain economic behavior. The use of psychol ­ogy can be traced back to Keynes, and, in fact, some of the papers in experimental economics and behavioral finance take a remark of Keynes on the psychology of economic actors as an inspiration for designing empirical tests of economic behavior. Indeed, some of these papers rec ­ognize that we live in an uncertain world, and they examine the heuris ­tics, or rules of thumb, that economic actors develop to guide their behavior in face of uncertainty. When Keynes made his remark in 1936 (the original publication date of the General Theory), there was not yet an efficient market hypothesis. But in 1970 Fama published his pioneering paper on efficient markets. In it, he defined an efficient market as a market in which prices always fully reflect available information. Traditional theory assumes that agents are rational an d the law of one price holds that is a perfect scenario. Where the law of One price[5]. And agents rationality explains the behavior of investor Professional and Individual which is generally inconsistent with rationality or future predictions. If a market achieves a perfect scenario where agents are rational and law of one price holds then the market is efficient. With the availability of large amount of information, form of market changes. It is unlikely that market prices contain all private information. The presence of noise traders (traders, trading randomly and not based on information). Researches show that stock returns are typically unpredictable based on past returns where as future returns are predictable to some extent. According to Glaser et al. (2003) Few examples from the past literature explains the problem of irrationality which occurs because of naive diversification, behavior influenced by framing, the tendency of investors of committing systematic errors while ev aluating public information. Lately it has been found that investors` attitude towards the riskiness of a stock in future and the individual interpretation may explain the higher level trading volume, which itself is a vast topic for insight. A problem of perception exist in the investors actions that stocks have a higher risk adjusted returns than bonds. Another issue with the investors is that these investors either care about a stock portfolio or just about the value of each single security in their portfolio and thus ignore correlations. The concept of ownership society[6] has been promoted in the recent years where people can take better care of their own lives and be better citizen too if they are both owner of financial assets and homeowners. As Shiller (2006) suggested that in order to improve lives of less advantaged people in our society is to teach them how to be capitalist, In order to put ownership society in its right perspective, behavioral finance is needed to be und erstood. The concept of ownership society seems very attractive when people appear to make profits from their investments. Behavioral finance is also very helpful in understanding and justifying government involvement in investing decisions of individuals. The failure of millions of people to save properly for their future is also a core focus of behavioral finance. According to Glaser et al. (2003) there are two approaches towards behavioral finance, where both tend to have same goals. The goals tend to explain observed prices, market trading volume and Last but not the least is the individual behavior better than traditional finance models. Belief Based Model: Psychology (Individual Behavior) Incorporates into Model Market prices and Transaction Volume. It includes findings such as Overconfidence, Biased Self- Attrition, and Conservatism and Representativeness. Preference Based Model: Rational Friction or from psychology Find explanations, Market detects irregularities and individual behavior. It incorporates Prospect Theory[7], House money effect and other forms of mental accounting. Behavioral Finance and Rational debate: the article by Heaton and Rosenberg (2004) highlights the debate between the rational and behavioral model over testability and predictive success. And it was found that neither of them actually offers either of these measures of success. The rational approach uses a particular type of rationalization methodology; which goes on to form the basis of behavior finance predictions. A closer look into the rational finance model goes on to show that it employs ex post rationalizations of observed price behaviors. This allows them greater flexibility when offering explanations for economic anomalies. On the other hand the behavior paradigm criticizes rationalizations as having no concrete role in predicting prices accurately, t hat utility functions, information sets and transaction costs cannot be `rationalized. Ironically they also reject the rational finances explanatory power which plays an essential role in the limits of arbitrage, which actually makes behavioral finance possible. Heaton Rosenberg (2004) presented Milton Friedmans theory that laid the basis of positive economics. His methodology focused on how to make a particular prediction; it is irrelevant whether a particular assumption is rational or irrational. According to this methodology, the rational finance model relies on a limited assumption space since all assumptions that are supposedly not rational have been eliminated. This is one of the major reasons behind the little success in rational finance predictions. Despite the minimal results, adherents of this model have criticized the behavioral model as lacking quantifiable predictions that are based on mathematical models. Rational finance has targeted a more important aspect in the structure of economy, i.e. Investor uncertainty, which further cause financial anomalies. In explaining these assertions, the behavioral approach emphasizes importance of taking limits in arbitrage. Further his methodological approach falls into the category `instru mentalism[8], which basically states that theories are tools for predictions and used to draw inferences. Whether an assumption is realistic or rational is of no value to an instrumentalist. By narrowing what may or may not be possible, one will inevitably eliminate certain strategies or behaviors which might in fact go on to maximize utility or profits based on their uniqueness. An assumption could be irrational even in the long run, but it is continuously revised and refined to make it into something useful. In opposition to this, many individuals have said that behaviouralists are not bound by any constraints thus making their explanations systematically irrational. Heaton Rosenberg (2004) further explains the concept of Rubinstein that how when everyone fails to explain a particular anomaly, suddenly a behavioral aspect to it will come up, because that can be based on completely abstract irrational assumptions. To support rationality, he came up with two arguments. Firstly he w ent on to say that an irrational strategy that is profitable, will only attract copy cat firms or traders into the market. This is supported when a closer look is given towards limits to arbitrage. Secondly through the process of evolution, irrational decisions will eventually be eliminated in the long run. The major achievements characterized of the rational finance paradigm consist of the following: the principle of no arbitrage; market efficiency, the net present value decision rule, and derivatives valuation techniques; Markowitzs (1952) mean-variance framework; event studies; multifactor models such as the APT, ICAPM, and the Consumption CAPM. Despite the number of top achievements that supporters of the rational model claim, the paradigm fails to answer some of the most basic financial economic questions such as `What is the cost of capital for this firm? or `What is its optimal capital structure?; simply because of their self imposed constraints. So far this makes it seem lik e rational finance and behavioral finance are mutually exclusive. Contrary to this, they are actually interdependent, and overlap in several areas. Take for instance the concept of mispricing when there is no arbitrage. Behavior finance on the other hand suggests that this may not be the case; irrational assumptions in the market will still lead to mispricing. Further even though certain arbitrageurs may be able to identify irrationality induced mispricing, because of the imperfect market information, they are unable to convince investors of its existence. Over here, the rational model is accepting the existence of anomalies which are affected both through the factors of risk and chance; therefore coinciding with the perspective of behavioral finance. Two instances are clear examples of how rationalization is an important limit of arbitrage: i) the build-up and blow-up of the internet bubble; and ii) the superiority of value equity strategies. If we focus on the latter, we are able to see behavioral finance literature that highlights the superiority of such strategies in the ability of analysts to extrapolate results for investors. This is possible when rationalization is taken as a limit to arbitrage. Similarly these strategies may also limit arbitrage against mispricing, through the great risk associated with stocks. In explaining most anomalies it is essential that analysts first conclude whether pricing is rational or not. To prove their hypothesis that irrationality induced mispricing exists; behaviouralists may find it easier if they accepted the role of rationalization in limits of arbitrage. Slow information diffusion and short-sales constraints are other factors which explain mispricing. However these factors alone cannot form the basis of a strong and concrete explanation that will clarify pricing across firms and also across time. Those supporting the rational paradigm attack behavioral finance adherents in that their predictions for the financial markets have been made on irrational assumptions; that are not supported by concrete mathematical or scientific models. In their view the lack of concrete discipline in the methodology adopted in behavior finance leads to the lack of testing in their forecasts. On the other hand the rational model is criticized for its lack of success in financial predictions. The behaviouralists claim that this limitation exists because the supporters of rational finance dismiss aspects of the economic market simply because it may not fall into explainable rational behavior. Both perspectives claim to align themselves with respect to the goals of `testability and `predictions, while at the same time continue to offer evidence against the other model. In reality however, rather than being exclusively mutual both paradigms assist one another in making their predictions. Ray (2006) examines a new genre of behavioral markets prediction markets and their remarkable a bility to aggregate inside and expert information from around the world in order to accurately predict all types of economic and financial variables. To date it is said that the prediction markets are the most accurately efficient markets as they prove to show all three forms of market efficiency (weak, semi-strong, and strong), in contrast to regulated markets. Prediction markets are also said to be decision markets. It initially evolved in 1988 with the first online betting market the Iowa Electronic Market. These online markets have proven their predictions accurately since the time they came into being. To be precise these prediction markets are behavioral markets with powerful statistical components that are able to predict the most likely values of future financial variables, variances around such values, and their correlations with other future financial variables. Ray (2006) says that being unregulated, prediction markets are highly effective at flushing out and thereafter a ggregating relevant information including inside and expert information regarding a particular event, globally extracting such information from savvy bettors who are eager to profit from their inside and expert information. These sorts of prediction markets have become so popular that now a days major companies use such behavioral markets to accurately forecast sales, earnings, product success, and many other financial and economic variables. The foremost tool for these markets is the wisdom of crowd. In order to accurately predict financial and economical variables he presented few conditions as a prerequisite, which included mainly having a variety of opinions, with no herd behavior, should be able to use their knowledge according to the information available with them and last but not the least is the fact that prediction markets expectations are not self fulfilling prophecies. Prediction markets are a new genre of behavioral markets that continually reveal the thinking of confid ent insiders by suggesting them to profit from their inside and expert information. The subjective evidence with a few statistical evidences corroborates the impressive ability of these markets to predict financial events of all types. The phenomenon exists from ages and effectively proves its performance especially in worlds financial markets. The demonstrated accuracy of predictions in these markets can be of significant utility to traders, financial analysts, behavioral analysts, and many others intending to forecast and analyze financial data. A persons tendency to make errors is known as cognitive bias. These errors are based on the cognitive factors that include statistical judgments, social attribution and memory being common to all the humans in the world. Cognitive bias is the tendency of intelligent, well-informed people to consistently do the wrong thing. Crowell (1994, pp. 1). The reason behind this cognitive bias is that the Human brain is made for interpersonal relationships and not for processing statistics. He discussed the frailty of forecasts. Generally it is said that the world is divided into two groups: People forecasting positively and people forecasting negatively. These forecasts exaggerate the reliability of their forecasts and trace it to the illusion of validity which exists even when the illusionary character is recognized. Fisher and Statman, (2000) discussed five cognitive bias, underlying the illusion of validity that are Overconfidence, Confirmation, Representativeness, Anchoring, and Hindsight. Shiller (2002) discusses, that irrational behavior may disappear with more learning and a much more structured situation. History proves it that many of cognitive biases in human judgment value uncertainly will change; they may be convinced if given proper instructions, on the part-experience of irrational behavior. The three most common themes of behavioral finance are as follows: Heuristics, Framing and Market Inefficiencies. People when decide on the basis of the rules of thumb regardless of rationalizing suffer from Heuristics. Some forms of Heuristics are: Prospect theory, Loss Aversion, Status quo Bias, Gamblers Fallacy[9], Self-serving bias and lastly Money illusion. Framing is basically a problem of decision making where the decision is based on the point where there is difference in how the case is presented to the decision maker. Cognitive framing, Mental accounting and Anchoring are the common forms of Framing 3. Market Inefficiencies As observed, that market outcomes are totally opposite to rational expectations and efficient market hypothesis where mispricing, irrational decision making and return anomalies are examples of it. Fung (2006) introduced three forms of market efficiency earlier presented by Fama in 1970. In the weak form, the information set con ­tains only historical prices. In the semi strong form, information set contains all publicly available information. In the strong form, the infor ­mation contains not only all publicly available information but also insider information not available to the public. This definition of efficient mar ­kets is too general to be testable empirically. To make the model testable, he proposed a process of price formation known as the expected re ­turn or fair game efficient markets model. In this model, when investors form expectations of security prices, they fully utilize all the information that is fully reflected in those prices. It is called a fair game model, because using only the information that is fully reflected in security prices, no trading system can have expected profits or returns in excess of equi ­librium expected profits or returns. These terms have been described as specific market anomaly from a behavioral point of view. Anomaly (economic behavior) Disposition effect Endowment effect Inequity aversion Intertemporal consumption Present-biased preferences Momentum investing Greed and fear Herd behavior Anomalies (market prices and returns) Efficiency wage hypothesis Limits to arbitrage Dividend puzzle Equity premium puzzle Behavioral Economic Models are restricted to a certain observed market anomaly and it adjusts the neo classical models by explaining the phenomenon of Heuristics and framing to the decision makers. It is usually said that economics get along with in the neo classical framework, with just one restriction of the assumption of rationality. Loix et. Al (2005) in their paper Orientation towards Finances explains the individual financial management behavior, people dealing with their financial means. They have analyzed the Non-specific financial behavior as already we see extensive research on the specific finance behavior such as saving, taxation, gambling and amassing debt, and gave a lot of importance to stock market, investors and households. The analysis of general public`s behavior was done, where an ordinary man is not sure and simply act according to the guesses over their money related issues. It was also found that people interested in economic and financial matters are much more active in collecting specific information than general public, stating that financial behavior of household is an important relevant topic that needs to be discussed in much more details. Household financial management is similar to the financial management. The construct of orientation towards finances was developed where the individual ORTO FIN focuses on competencies (interest and skills). Having stronger money attitude is an indication of stronger orientation towards finances and much more effective competencies. Therefore we expect some relevance and similarity between corporate and household management behavior as both require organizing, forecasting, planning and control. Loix et. al (2005) analyzed general publics behavior in basically dividing them into two groups, Financial Information and Personal financial planning. Also explaining some practical and theoretical gaps in the area of psychology of money usage, they concluded that ORTOFIN (Orientation towards finance) indicates the involvement of individuals in managing their finances. Proving out the point that active interest in financial information and an urge to plan expenses are two main factors. A stronger ORTFIN indicates: greater use of debit accounts, higher savings account, wide variety of investments, greater awareness of ones financial Intimate knowledge of the details of ones savings/deposit accounts obsessed by money, higher achievement and power in monetary terms, Further age is also inversely proportional. Shiller, (2006) in his article talked about the co-evolution of neo-classical and behavior finance that in 1937 when A. Samuelsson one of the great economists wrote about people m aximizing the present value of utility subject to a present value. Another judgment he realized was time being consistent human behavior where if at any time t, 0 4. Investing and Cognitive Bias Money Managers and Money management is a very popular phenomenon. The performance in a stock market is measured at daily basis and waiting for a highly subjective annual review of ones performance by ones superior. Market grades you on a daily basis. The smarter one is, more confident one becomes of ones ability to succeed; clients support them by trusting them that eventually helps their careers. But the truth is that few money managers put in sufficient amount of time and effort to figure out what works and develop a set of investment principles to guide their investment decisions Browne (2000). Further he discussed the importance of asset allocation and risk aversion, in order to understand why we do what we do regardless of whether it is rational or not. General public opts for money Managers to deal with their finances and these managers are categorized in three ways: Value Managers, Growth Managers and Market Neutral Managers. The vast majority of money managers are categorized as either value managers or growth managers although a third category, market neutral managers, is gaining popularity these days and may soon rival the so-called strategies of value and growth. Some investment management firms even are being cautious by offering all styles of investments. What too few money managers do is analyze the fundamental financial characteristics of portfolios that produce long-term market beating results, and develop a set of investment principles that are based on those findings. Difference of opinion on the definition of value is the problem. The reasons for this are two-fold, one being the practical reality of managing large sums of money, and other related to behavior. As the assets under management of an advisor grow, universe of potential stocks shrinks. Analyzing why individual and professional investors do not change their behavior even when they face empirical evidence, suggests that their decisions are less than optimal. An answer to this questio n is said to be that being a contrarian may simply be too risky for the average individual or professional. If a person is wrong on collective basis, where everyone else also had made a mistake, the consequences professionally and for ones own self-esteem are far less damaging than if a person is wrong alone. The herd instinct allows for comfort of safety in numbers. The other reason is that individuals try to behave same way and do not tend to change courses of action if they are happy. If the results are not too painful individuals can be happy with sub-optimal results. Moreover, individuals who tend to be unhappy make changes often and eventually end up being just as unhappy in their new circumstances. According to traditional view of investment management, fundamental forces drive markets, however many other investment firms are consider being active and basing their working on their experienced Judgment. It is also believed that Judgmental overrides value and fundamental forces of markets can be lethal as well as a cause of financial disappointment. Historically it has been found that people override at wrong times and in most cases would be better off sticking to their investment disciplines and the reason to this behavior is the cognitive bias. According to Crowell (1994) and many other researchers, stocks of small companies with low price/book ratios provide excess returns. Therefore, given a choice among small cheap stocks and large high priced stocks, prominent investors (financial analysts, senior company executives and company directors) will certainly prefer small cheap ones. But the fact is opposite to this situation where these prominent investors would opt for large high priced ones and so suffer from cognitive bias and further regret. The assumptions made by Crowell (1994, pp.2) were that Long term investment value should be negatively correlated with size since small stocks provide superior returns. Long term Investment value should have a negative correlation with Price/book since low Price/Book stocks provide superior returns. Whereas the results Crowell`s survey were contrary stating that Long Term Investment had a positive correlation with size and with Price/Book stocks. Crowell further stated that according to Shefrin and Statman, prominent investors overestimate the probability that a good company is a good stock, relying on the representative heuristics, concluding that superior companies make superior stocks. Discussing the concept of regrets, aversion to regret is different from aversion to risk; Regret is acute when an individual must take responsibility for the final outcome. Aversion to regret leads to a preference for stocks of good companies. The choice of the stocks of bad companies involves more personal responsibility and higher probability of regret. Therefore, two major Cognitive errors appear: We have a double cognitive error: good company always makes good stock (representativeness), and involves less responsibility(Less aversion to regret). (Crowell, 1994,pp.3) The Anti Cognitive bias actions would be admitting to your owned stocks, admitting earlier investment mistakes. Further, taking the responsibility for actions to improve their performance in future. The reasons for all the available discip