Wednesday, January 22, 2020
Marketing :: essays papers
Marketing A firmââ¬â¢s international marketing program must generally be modified and adapted to foreign markets. This international marketing program uses strategies to accomplish its marketing goals. Within each foreign nation, the firm is likely to find a combination of marketing environment and target markets that are different from those of its own home country and other foreign countries. It is important that in international marketing, product, pricing, distribution and promotional strategies be adapted accordingly. In order for an international firm to function properly, cultural, social, economic, and legal forces within the country must be clearly understood. The task of International marketing is more difficult and risky than expected by many firms. One of the most controlling factors of international marketing is management. It is very important for managers to recognize the differences as well as similarities in buyer behavior. Many mistakes can occur if managers fail to realize that buyers differ from country to country. It is the international differences in buyer behavior, rather than similarities, which cause problems in successful international marketing. An international marketing manager is a manager responsible for facilitating the exchange of products between the organization and its customers or clients. Sometimes an international marketing manager will find difficulties in completing the exchange of products. Many surprises in international business are undesirable human mistakes. An international corporation must fully understand the foreign environment before pursuing business matters. Problems constantly crop up and many times have unexpected results. Sometimes these unexpected results are unavoidable. Other times they are avoidable. To be sure those avoidable situations do not occur, international marketing managers must be aware of cultural differences. Cultural differences take place among most nations of the world. Differences in culture are one of the most significant factors in an international company. All nationalities posses unique characteristics, which are unknown to many foreigners. Many of the top international businesses are unaware of these cultural differences. It is very important to understand these cultures in order to market a product successfully. As an example, different nationalities have different beliefs on how business matters should take place. Where some countries prefer to work with a deadline other countries can take this as being offensive. Many countries feel it is an insult to be asked to work under a set time period. A country may feel that a deadline is threatening and may feel backed into a corner. On the other hand, other countries try to expedite matters by setting deadlines. To be effective in a foreign market it is necessary to understand the local customs. Knowing what to do in a foreign country is as important as knowing what not to do.
Tuesday, January 14, 2020
A Sequence for Academic Writing Essay
The purpose of this website of The National Abortion and Reproductive Rights Action League (NARAL) Pro-choice America, is to to show their advocacy for the right of a woman to choose and her right to privacy with regards to reproductive health. The exclusivity of the issues tackled in this site suggest that their concern is concentrated on specific subject matters affecting the conditions of women in the society such as abortion, use of birth control, teen-pregnancy, reproductive health issues of women of color and legislation about the advancement of the right of a woman to choose. Also, the site offers different means on how women with these kind of problems can understand and take action. 2. What is the subject matter of this site? The subject matter of this site is about the right of every woman to choose and her right to privacy regarding womenââ¬â¢s reproductive health. 3. What is the purpose of the site? The purpose of this site is to empower women about their sexuality. They aim is to promote the freedom of women to decide for themselves without being scrutinized or discriminated by the society. Also, the website provides many information about the pro-choice legislation and policies for women, research, campaigns and other advocate organizations to educate visitors about the mentioned subject matter. 4. Is this site for, against, or neutral as far as the subject matter is concerned? This site is evidently pro-choice and for the privacy of women. One of the siteââ¬â¢s objective is the prevention of unintended pregnancies by provding women more access to birth control and sex education to lessen the occurence of abortion. But they believe that abortion should be made legal and safe to give options to women whether they want to puruse their pregnancy or not regardless of their reasons. 5. Does the site offer anything unique? Does it tell you more than you could find out in an encyclopedia? This site offers a variety of information ranging from research done by NARAL Pro-choice America to government legislations and policies. The media center of the site is composed of choice-related topics from other publications or websites such as The Buffalo News, Fox News and Colorado Springs Gazette. Other sources are background materials, quotes, and story ideas or experiences of women. 6. Did you learn anything? Was the site worth visiting? In this site, I have learned the dilemmas experienced by women particularly when it comes to their reproductive health and choices. In these kind of situations, women are torn between choosing the right thing or what is for their best interest. Moreover, this site really gives a comprehensive outlook about the fight to advance the rights of woment to choose and privacy. Visitors of this website will really have an elightening experience when they read the content. 7. If you were compiling a bibliography of sources about the subject matter of this site, would you include or exclude it from your final list? Yes, I would use this website as one my sources if I am writing a research about the subject mater because it has a single point of view which is supported by many arguments which are valid and practical. Writing Exercise 2 Analyze the Web site National Right to Life. 1. As stated on page 295 of A Sequence for Academic Writing, ââ¬Å"Web pages generally fall into one of six types, each with a different purpose: (1) entertainment, (2) business/marketing, (3) reference/information, (4) news, (5) advocacy of a particular point of view or program, (6) personal page. â⬠What type is this site? Why do you think this? This is an advocay website that upholds the importance and presenrvation of life. They are against any act that would endanger any human life such as abortion. 2. What is the subject matter of this site? The subject of this website is focused on protecting and giving importance to all human life. In line with this, the information contained on the website clearly suggest that the organizers, National Right to Life Committee, are opposed to abortion and issues related to medical ethics such as euthanasia and infanticide. However, the site does not tackle and does not provide any opinions or views on contraception, sex education, capital punishment, and national defense. 3. What is the purpose of the site? The purpose of this site is to encourage visitors of the website to patronize their advocacy which is to disseminate information and at the same time convince people about the negative effects of abortion, infanticide, and euthanasia to an individual and to the society 4. Is this site for, against, or neutral as far as the subject matter is concerned? This site is against the promotion, advocacy and conduct of abortion, infanticide, and euthanasia but the site also advocates the propagation of the notion that human life is valuable so any act that tries to eliminate it should be punishable by law. 5. Does the site offer anything unique? Does it tell you more than you could find out in an encyclopedia? The site of the National Right to Life Committee used different data to support their objective. Its extensive database is focused on these three aspects: abortion, infanticide, and euthanasia. The site includes other realted links from other websites as well, media press releases and current legislation updates about the subject matter. 6. Did you learn anything? Was the site worth visiting? I have learned that even though the US has a liberated culture, many citizens still possess conservative views specfically about the protection of human life whether that individual is an infant or an adult. 7. If you were compiling a bibliography of sources about the subject matter of this site, would you include or exclude it from your final list? Yes, I would definitely use this website as a bibliography source if I were to tackle the subject matter. The website contains many informative data from their own database and outside sources as wells such as information from orgazations with similar objectives, the US government and media publications. Having all these information would make my research very substatntial and extensive. Revision Activity 1 Go to: Handwriting Analysis Read the article analyzing the sample of handwriting provided. Answer the following questions regarding the analysis. 1. What is the authorââ¬â¢s initial impression of Walter Raileyââ¬â¢s handwriting? The analystââ¬â¢s initial impression on Walter Raileyââ¬â¢s handwriting is that Railey has self-control but his emotions are repressed. These characteristics were presumed by the analyst as an indication of having a compulsive personality. 2. What are three of the particular elements of Raileyââ¬â¢s handwriting the author analyzes? The author analyzed the writing strokes, spaces between the letters and hand pressure which became the three major foundations in analyzing the personality of Railey. 3. What element of Raileyââ¬â¢s handwriting does the author thinks reveals his weak self image? According to the analyst, the ââ¬Å"diminished and sometimes near threaded middle zone, small compared to upper and lower zones, together with an insignificant and defensive ppI, represent his weak self-imageâ⬠(Arnold ââ¬Å"Walker Raileyâ⬠). 4. Explain what analytical tool the author is using in order to analyze Raileyââ¬â¢s handwriting. Is the author credible in applying this analytical tool? The author searched for patterns in Raileââ¬â¢s handwriting. Then, the changes in these patterns are noted and analyzed in accordance with the personality of the subject. Moreover, based on the findings, the author was able to make a detailed analysis of the handwriting indicating his/her expertise about it. Also, the patterns of the handwriting helped the author to determine the elements that would expose the individuality of Railey. 5. Once the analysis is complete the author offers a summary of his findings. Are his summary findings concurrent with his initial impressions? The summary part is the synthesis of all the findings regarding the handwriting of Railey. With regards with the concurrence of the initial impression with the summary is that both were able to provide similar information. However, in the initial impression the descriptiom is brief but in the summary it is a little bit more detailed. 6. At the end of the page you will find a link to a short biography of Walter Railey. Follow the link and read the biography. How accurate is the authorââ¬â¢s analysis of Walter Raileyââ¬â¢s character, based on his handwriting analysis? After reading the biography of Walker and comparing it with the results of handwriting analysis, the former made some very accurate portrayal of the real Walter Raileys. In the analysis, Railey was rendered as selfish, emotionally repressed, and having dual personality which were all apparent in his historical background. Railey was selfish because he only cared about himself and he ignored his family and friends. Also, his emotional repression was shown when he tried to kill his wife and commit suicide. More so, his dual personality was demonstrated when he was charaterized as a charismatic religous leader and also as a controlling and indifferent individual. Revision Activity 1 Go to: Handwriting Analysis Read the article analyzing the sample of handwriting provided. Answer the following questions regarding the analysis. 1. What does the analysis say that the dark strokes represent about Bill Clinton? According to the analyst, the dark strokes of Clintonââ¬â¢s handwriting indicate ââ¬Å"a great deal of energy and an ability to work hard and for long periods of timeâ⬠(Canoles ââ¬Å"Bill Clintonâ⬠). 2. What does the analysis say about the ââ¬Å"little tentsâ⬠under Clintonââ¬â¢s words? The little tents suggest ââ¬Å"how firm, and even stubborn, Clinton can become once his mind is made upâ⬠(Canoles ââ¬Å"Bill Clintonâ⬠). 3. How accurate do you find the analysis comments from what you know about Bill Clinton? Based on his administration when he was president and my impression about Bill Clinton, I could say that the handwriting analysis was close to my ideas. Since Clinton was elected as president for two consecutive terms, it suggested that he was well-liked by his consitutents and that he did a great job in doing his taks as head of the state which is very similar with the report of the authorââ¬â¢s analysis that Clinton is ââ¬Å"fair and objective when working on initiatives or with peopleâ⬠(Canoles ââ¬Å"Bill Clintonâ⬠). 4. Go to: Clinton Biography Read a short biography on Bill Clinton. What comments from the analysis seem accurate according to the short biography? According to the first short biogrphy that I read, Clinton achieved numerous accomplishemnts dugin his term as President of the United States. Some of these were the increase of employment for Americans, reductionsof tax for businesses and many others. In the handwriting analysis, Clinton was depicted as ââ¬Å"direct, efficient, can prioritize easily,â⬠detail-oriented and a ââ¬Å"pragmatic idealistâ⬠which are characteristics needed in order to make positive accomplishments. (Canoles ââ¬Å"Bill Clintonâ⬠). These qualifyers corresponded with the characteristics of Clinton shown on the biography. 5. Go to: Handwriting Analysis Read a second short analysis of Bill Clinton. How do the two analyses compare/contrast? According to the second short biogrphy that I read, Clinton was described as an intelligent and a charismatic political leader loved by the people. However, he was involved in a sex controversy that influenced many people to question his credibility. But after being found not guilty from the charges against him, he gradually redeemed himself by initiating productive changes in the US and in the international scene. When the handwriting analysis was compared to the biography, the fomer made accurate descriptions of Clinton solely based on his handwriting that matched the information from the latter. But there were some information that were not confirmed by the biography such as the early emotional hurt experienced by Clinton that caused him to have a protective cautin. Nothing was said in his biography about any incident that might have a negative impact on him. So this piece of data still remain questionable. Nevertheless, the majority of information in the handwriting analysis were similar to the actual personal and historical background of Bill Clinton. Write Journal ( Two paragraphs only): Find an advertisement in U. S. a magazine and a) describe the ad, then b) analyze it by discussing all of the following: the colors in the ad, the message (or words) of the ad, and who or what is the focal point of the ad. How do all of these aspects work together to try to get you to buy the product? In the rainbow ad by Skittles, the texts incorporated stated, ââ¬Å"If you filled all the worldââ¬â¢s maracas with skittle, no one would ever know. â⬠This literally means that the maracas would not be heard because people are going to eat the Skittles which will supposedly make the sound for the maracas. These texts were colored using all the rainbow colors which are also the colors of the Skittle candies. It was like the ad was bursting with colors which insinuated that if a someone eats a Skittle, the flavors would also burst inside the mouth. More so, in a caption below the ad which says, ââ¬Å"Hear the rainbow, taste the rainbow,â⬠suggests that the appealing look of the Skittles is also transcended to the taste which is composed of different flavors similar with the colors of the window. When all these elements are combined, the ad makes a powerful visual that is both enticing and informative. Works Cited Arnold, Rosemay. ââ¬Å"Walker Railey. â⬠2006. Handwriting. org. 14 July 2008 . Canoles, June. ââ¬Å"Bill Clinton. â⬠2006. Handwriting. org. 14 July 2008 .
Monday, January 6, 2020
The Psychological Effects of Divorce on Kids - Free Essay Example
Sample details Pages: 8 Words: 2528 Downloads: 7 Date added: 2019/06/24 Category Psychology Essay Level High school Tags: Divorce Essay Did you like this example? Children everywhere grow up in broken homes. According to National Center for Health Statistics, there was 2,245,404 marriages and 827,261 divorces in 2016. A great amount of marriages ended that year. Ive known that a lot of parents want to just stay together for their kids, but some think divorce is their only option. The main concern is how their children will deal with the divorce. How much does a parents divorce really effect their children? Stated in the article The Psychological Effects of Divorce on Children, the first year after a divorce is the toughest. Divorce rates have climbed across the globe over the past few decades. Its estimated that fourty-eight percent of American and British children live in divorced single-parent homes by age sixteen. As you might expect, research has found that kids struggle the most during the first year or two after the divorce. Kids are likely to experience distress, anger, anxiety, and disbelief. But many kids seem to bounce back. They get used to changes in their daily routines and they grow comfortable with their living arrangements. Others, however, never really seem to go back to normal. This small percentage of children may experience ongoingâ⬠possibly even lifelongâ⬠problems after their parents divorce. Donââ¬â¢t waste time! Our writers will create an original "The Psychological Effects of Divorce on Kids" essay for you Create order As also shown in The Impact of Divorce on Young Children and Adolescents by Carl E. Pickhart, divorce introduces a massive change into the life of a boy or girl no matter what the age. Witnessing loss of love between parents, having parents break their marriage commitment, adjusting to going back and forth between two different households, and the daily absence of one parent while living with the other, all create a challenging new family circumstance in which to live. In the personal history of the boy or girl, parental divorce is a watershed event. Life that follows is significantly changed from how life was before. While a lot of marriages last there is cases like divorce for many homes. In general, divorce creates emotional chaos for the entire family, but for kids, the situation can be quite scary, confusing, and frustrating. How much does a parents divorce really effect their children? It truly can take a toll on the kids, but it can also affect the entire family. In this era one of the more sobering realities of life is divorce (USA Today). Marriages end over a host of issues, including infidelity, stress, money troubles, and personal changes by one or both partners over the course of a marriage. Divorce can be an emotionally wrenching experience and can fracture families. For many children, divorce leaves scars that never heal. About forty percent to fifty percent of married couples in the United States divorce, according to the American Psychological Association. The divorce rate among those who remarry is even higher. (Masci) report he states, almost half of all-American children must cope, at some point in their lives, with the disintegration of their parents marriage. A controversial new study he found by psychiatrist Judith Wallerstein contends that the children of divorce are much more likely to be troubled as adults and that couples with kids need to try harder to remain married. But critics describe the study as unscientific and argue that bad marriages often end up doing more harm than good to the whole family. Child-advocacy experts also disagree over the impact of custody arrangements. Some favor joint physical custody because they say it allows both parents to remain involved in their childrens lives. But others say that forcing a child to live in two homes is disruptive and makes an already difficult situation worse. Research shows, divorce can be a wrenching experience for children(Jost and Robinson). New studies suggest the painful effects of their parents breakup can stay with children for years. Many will not do well in school or jobs, and some will fail in their own marriages later on. The studies have intensified the debate over the no-fault divorce laws that made it easier for couples to dissolve their marriages. Some experts say the new findings on the effects of divorce on children are exaggerated, and no one expects a substantial movement away from liberalized divorce laws. But some therapists are urging couples in distress to try harder to resolve their problems rather than get a divorce. And there is broad agreement that children of divorce need greater supportâ⬠financial, social and psychologicalâ⬠to avoid becoming innocent victims of their parents breakup. According to Coping socialization in middle childhood: Tests of maternal and paternal influences , in sum, social learning theory suggest that childrens coping may be strongly influenced by what their parents do to cope. Stated in the article, parents may influence their childrens coping choices by modeling how they handle their own stressful situations that arise. Based on social learning literature, we would expect overt parental coping behaviors to be modeled most readily. In a study of sixty-one children and adolescents with Sickle Cell Disease, there was a significant negative correlation between childrens expression of emotion when coping with SCD-related pain and mothers use of social support coping and emotion-focused engagement. Research shows, a number of studies have linked the family environment to childrens coping strategies. In a study with sixty school-age children and their mothers found that maternal support was associated with childrens use of a greater variety of c oping strategies with everyday problems, and with greater use of avoidant strategies. Parents as role models effect on children is shown in Parents are Powerful Role Models for Children by Karen Stephens. She is the director of the Illinois State University childcare center and shes an instructor in child development. For nine years Stephens wrote a weekly parenting column in her local newspaper. She has authored early care and education books and is a frequent contributor to Exchange. As in Stephens article, children, in general, do tend to grow up to be a lot like their parents. Social scientists and genetic researchers have identified many cycles that loop from one generation to the next. Children who live in homes where parents smoke are more likely to become smokers. Parents who abuse drugs or alcohol are more likely to find their children someday do the same. Adults who were abused as children may indeed hurt their own children. And thats not all. Parents with a low self-esteem raise children with the same affliction. Stephens states, Parents play a major role o n how our children turn out. An if you just look around your communities you will see that happening everywhere. Parental divorce affects childrens physical health and longevity (Physical Health). Those who experience parental divorce or separation are more likely to have health problems. Often in spite of maternal remarriage, such as a significant increase in injury rates, an increased risk of asthma, and increased risk of asthma-related emergencies.Children whose parents divorce are also more likely to contract cancer of the upper aerodigestive tract, the esophagus, anus, pancreas, lungs, and cervix. Researchers Kari Hemminki and Bowang Chen state, The results show that offspring of divorced parents have increased cancer risks at tobacco-related, alcohol-related and sex-related sites. A Swedish study showed that young men with divorced parents had a slightly heightened risk of hospitalization and significantly increased risk of mortality. Upon the divorce of their parents, children experience a wide range of emotional reactions, including sadness, anger, loneliness, depression which frequently lasts into later phases of life, heightened anxiety, worry, lower life satisfaction, lower self-esteem and self-confidence, fear, yearning, rejection, conflicting loyalties, and a sense of fault for their parents problems (Mental Health). An analysis by David Popenoe of the National Survey of Children found that divorce was associated with a higher incidence of several mental health problems in children: depression; withdrawal from friends and family; aggressive, impulsive, or hyperactive behavior; and either behaving disruptively or withdrawing from participation in the classroom. Parental divorce may also contribute to the development of mood disorders, bipolar I disorder, dysthymia (mild chronic depression), depression, and post-traumatic stress disorder. Divorce is related to increased depression and anxiety for both boys an d girls of all ages. However, boys find parental divorce more emotionally disturbing than girls do, and boys with divorced parents tended to be more depressed than those from two-parent families regardless of the psychological adjustment, level of conflict, or quality of parenting manifested by their parents. Psychological problems are less severe for those whose pre-divorce families were high-conflict families. According to Paul Amato of the Department of Sociology at Pennsylvania State University, child and adult well-being may actually improve after the end of an extremely conflicted marriage. Research shows through, The Impact of Divorce on Young Children and Adolescents by Carl E Pickhardt, how divorce introduces a massive change into the life of a boy or girl no matter what the age. Witnessing loss of love between parents, having parents break their marriage commitment, adjusting to going back and forth between two different households, and the daily absence of one parent while living with the other, all create a challenging new family circumstance in which to live. In the personal history of the boy or girl, parental divorce is a watershed event. Life that follows is significantly changed from how life was before. He says, somewhat different responses to this painful turn of events occur if the boy or girl is still in childhood or has entered adolescence. Basically, divorce tends to intensify the childs dependence and it tends to accelerate the adolescents independence; it often elicits a more regressive response in the child and a more aggressive response in the adole scent. Consider why this variation may be so. (Pickhardt) states, the childs world is a dependent one, closely connected to parents who are favored companions, heavily reliant on parental care, with family the major locus of ones social life. The adolescent world is a more independent one, more separated and distant from parents, more self-sufficient, where friends have become favored companions, and where the major locus of ones social life now extends outside of family into a larger world of life experience. For the young child, divorce shakes trust in dependency on parents who now behave in an extremely undependable way. They surgically divide the family unit into two different households between which the child must learn to transit back and forth, for a while creating unfamiliarity, instability, and insecurity, never being able to be with one parent without having to be apart from the other. As in his article, convincing a young child of the permanence of divorce can be hard when his intense longing fantasizes that somehow, some way, mom and dad will be living back together again someday. He relies on wishful thinking to help allay the pain of loss, holding onto hope for a parental reunion much longer than does the adolescent who is quicker to accept the finality of this unwelcome family change. Thus parents who put in a joint presence at special family celebrations and holiday events to recreate family closeness for the child only feed the childs fantasy and delay his adjustment. The dependent childs short term reaction to divorce can be an anxious one. So much is different, new, unpredictable, and unknown that life becomes filled with scary questions? What is going to happen to next? Who will take care of me? If my parents can lose for each other, can they lose love for me? With one parent moving out, what if I lose the other too? Answering such worry questions with wo rst fears, the childs response can be regressive. (Pickhardt) states, the child wants to feel more connected in a family situation where a major disconnection has occurred. Regression to earlier dependency can partly be an effort to elicit parental concern, bringing them close when divorce has pulled each of them further away the resident parent now busier and more preoccupied, the absent parent simply less available because of being less around. The more independent-minded adolescent tends to deal more aggressively to divorce, often reacting in a mad, rebellious way, more resolved to disregard family discipline and take care of himself since parents have failed to keep commitments to family that were originally made. Where the child may have tried to get parents back, the adolescent may try to get back at parents. Where the child felt grief, the adolescence has a grievance. If they cant be trusted to stay together and take care of the family, then I need to start relying more on myself. If they can break their marriage and put the mselves first, then I can put myself first too. If they dont mind hurting me, then I can I dont mind hurting them. Now the adolescent can act aggressively to take control of his life by behaving even more distantly and defiantly, more determined to live his life his way, more dedicated to his self-interest than before. He feels increasingly autonomous in a family situation that feels disconnected. He now feels more impelled and entitled to act on his own. He influenced that for the parent who divorces with a child, the priority is establishing a sense of family order and predictability. This means observing the three Rs required to restore a childs trust in security, familiarity, and dependency Routines, Rituals, and Reassurance. As study after study has shown divorce does influence children. Doesnt matter if it is a boy or girl divorce has a massive change on their life. For many children, divorce leaves scars that never heal. Life that follows is significantly changed from how life was before. So much is different, new, unpredictable, and unknown for not just the children but the whole family. How much does a parents divorce really effect their children? It truly can take a toll on the kids, but it can also affect the entire family. Works Cited National Center for Health Statistics. Centers for Disease Control and Prevention, Centers for Disease Control and Prevention, 17 Mar. 2017, www.cdc.gov/nchs/fastats/marriage-divorce.htm. Morin, Amy, and Steven Gans. The Psychological Effects of Divorce on Children. Verywell Family, Verywellfamily, www.verywellfamily.com/psychological-effects-of-divorce-on-kids-4140170. Harrington, John, and Cheyenne Buckingham. Broken Hearts: A Rundown of the Divorce Capital of Every State. USA Today, Gannett Satellite Information Network, 2 Feb. 2018, www.usatoday.com/story/money/economy/2018/02/02/broken-hearts-rundown-divorce-capital-every-state/1078283001/. American Psychological Association, American Psychological Association, www.apa.org/topics/divorce/. Effects of Divorce on Childrens Health. Effects of Divorce on Childrens Health [Marripedia], marripedia.org/effects_of_divorce_on_children_s_health. Pickhardt, Carl E. The Impact of Divorce on Young Children and Adolescents. Psychology Today, Sussex Publishers, 19 Dec. 2011, www.psychologytoday.com/us/blog/surviving-your-childs-adolescence/201112/the-impact-divorce-young-children-and-adolescents. Jost, K. and Robinson, M. (2018). Children and Divorce. [online] CQ Researcher by CQ Press. Available at: https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1991060700type=hitlistnum=1 [Accessed 13 Nov. 2018]. Kliewer, W., Fearnow, M. D., Miller, P. A. (1996). Coping socialization in middle childhood: Tests of maternal and paternal influences. Child Development, 67(5), 2339-2357. https://dx.doi.org/10.2307/1131627 Masci, David. Children and Divorce. CQ Researcher by CQ Press, library.cqpress.com/cqresearcher/document.php?id=cqresrre2001011900type=hitlistnum=0. Stephens, Karen. Parents Are Powerful Role Models for Children. www.ParentingExchange.com, 2007.
Sunday, December 29, 2019
Analysis Of The Handmaid s Tale By Margaret Atwood
Freewill and determinism have been a controversial philosophical problem for thousands of years, it is taken into question on whether human beings have an ability to control over their decisions in life or being constrained by the pre-deterministic future, beyond their understanding. The problem began in Ancient Greek and still rumble among modern philosophers and psychologists, but surprisingly, a writer - Margaret Atwood has successfully described if not answer the issue of independence and passivity in The Handmaidââ¬â¢s Tale. A dystopian novel set in the post-apocalyptic America now so-called Republic of Gilead, a totalitarian government. With the critically low reproduction rates due to biological warfare, the Handmaids are allocated toâ⬠¦show more contentâ⬠¦Even this is as usual, now. We lived, as usual, by ignoring. Ignoring isn t the same as ignorance, you have to work at it.â⬠(56) Offred actively defines her passivity, ignoring the fact that the America that she used to know had changed dramatically. She normalizes every event around her like the fact that watching people being hanged on the wall are just daily sightseeing, she avoids the uncomfortable truth of Gilead, intentionally refuse to revolt against the dictatorship regime. Interestingly, there is a quote on ignorance that I d like to share ââ¬Å"Being ignorant is like being dead, you donââ¬â¢t know that you are dead, only people around you suffer.â⬠Additionally, in chapter 13, Offred was sitting in the bath, visualizing her body while naked â⬠I used to think of my body as an instrument, of pleasure, or a means of transportation, or an implement for the accomplishment of my will . . . Now the flesh arranges itself differently. Iââ¬â¢m a cloud, congealed around a central object, the shape of a pear, which is hard and more real than I am and glows red within its translucent wrapping.â⬠( 91) She changed her opinion of her only property-her body from a devic e, her womb as a ââ¬Å" national resourceâ⬠to a ââ¬Å"central objectâ⬠,â⬠glows redâ⬠like the sun which surrounded by planets. She glorifies herself because of her ability to bear a child. As well as denying the truth, interpret handmaids as a pivotal class in the society, not oppressed women whose womb areShow MoreRelatedAnalysis Of Margaret Atwood s The Handmaids Tale 1405 Words à |à 6 Pageshave witnessed the corruption of governments before even if we didnââ¬â¢t even realize it. From communism to democracy, world wars to civil wars, genocides to religious upraises, government involvement has always been silently exalted. In Margaret Atwoodââ¬â¢s ââ¬ËThe Handmaids Taleââ¬â¢, we see the fear of the Gileadian society caused by a rà ©gime government who practices its inhumane beliefs through everyday life in Gilead. The uses of military corruption, fear, and oppression are things that describe the everydayRead MoreAnalysis Of Margaret Atwood s The Handmaid s Tale1825 Words à |à 8 PagesIn Margaret Atwoodââ¬â¢s The Handmaidââ¬â¢s Tale, we meet Offred, or so they call her, a Handmaid in the Republic of Gilead, a futuristic dystopian society. Gilead tarnished traditional values and replaced them with shear corruption after the rebels killed the President as well as most of Congress, took over the government, and decided to throw out the constitution. Instead the society relies on the bible to justify its barbaric rules, limitations and practices. In a totalitarian society of decreasing birthRead MoreAnalysis Of Margaret Atwood s The Handmaid s Tale847 Words à |à 4 Pagesincessant restrictions are for their own good. No restrictions are more stringent than those bestowed on the women, and more specifically, the handmaids. Although, Gilead claims to be built on a principal set of values, its principles are ignored and challenged to ensure everything runs smoothly in the eyes of Gileadââ¬â¢s patriarchy. In Marg aret Atwoodââ¬â¢s The Handmaidââ¬â¢s Tale, the Republic of Gilead, a corrupt government adamant on supporting a better way of life for females, undermines their very own beliefsRead MoreAnalysis Of Margaret Atwood s The Handmaid s Tale843 Words à |à 4 PagesUnorthodox Characters ââ¬Å"I feel thankful to her. She has died that I may live. I will mourn laterâ⬠(Atwood 286). Many sacrifices and hard decisions are made by unorthodox people to keep what they believe in alive. There would be no rebellions and no change without these nonconforming people. Offred, the main character and a Handmaiden, would have faced eminent death in her strictly orthodox world had it not been for the rebelliousness of those who died before her wanting change. The Republic ofRead MoreAnalysis Of Margaret Atwood s The Handmaid s Tale Essay1623 Words à |à 7 Pagesthe id, ego, and superego. When examined using this theory, Margaret Atwoodââ¬â¢s The Handmaidââ¬â¢s Tale, a dystopian novel about a patriarchal totalitarian government that has replaced the United States of America, is particularly interesting. The storyââ¬â¢s protagonist and narrator is a woman referred to as Offred, who lives in the fairly new Republic of Gilead which has taken the place of the United States. She is what is known as a Handmaid; alarmingly low reproductive rates led to young women whomRead MoreAnalysis Of Mary Atwood And Sylvia Plath s The Handmaid s Tale, And Moira Of Margaret Atwood1905 Words à |à 8 Pagesis in this despondent frame of mind, the woman of Sylvia Plathââ¬â¢s poem, Edge, and Moira of Margaret Atwoodââ¬â¢s novel, The Handmaids Tale, find themselves accepting their condemnation as their destiny. Both Margaret Atwood and Sylvia Plath use their works as emotional outlets to express the hopeless disposition one comes to embrace having reached the point of exhaustion. Together, Moira from The Handmaidââ¬â¢s Tale and the ââ¬Å"perfected womanâ⬠from Edge exemplify the quality of life or lack thereof, one isRead MoreThe Handmaid s Tale By Margaret Atwood1249 Words à |à 5 PagesDystopian Research Essay: The Handmaidââ¬â¢s Tale by Margaret Atwood In the words of Erika Gottlieb With control of the past comes domination of the future. A dystopia reflects and discusses major tendencies in contemporary society. The Handmaid s Tale is a dystopian novel written by Margaret Atwood in 1985. The novel follows its protagonist Offred as she lives in a society focused on physical and spiritual oppression of the female identity. Within The Handmaid s Tale it is evident that through the explorationRead MoreThe Handmaid s Tale, By Margaret Atwood1629 Words à |à 7 Pages Atwood s novel, The Handmaid s Tale depicts a not too futuristic society of Gilead, a society that overthrows the U.S. Government and institutes a totalitarian regime that seems to persecute women specifically. Told from the main character s point of view, Offred, explains the Gilead regime and its patriarchal views on some women, known as the handmaids, to a purely procreational function. The story is set the present tense in Gilead but frequently shifts to flashbacks in her time at the RedRead MoreMargaret Atwood s The Handmaid s Tale931 Words à |à 4 Pagesthe concept of gender becoming a multi- layered shifting hypothesis to which society is adapting. Since the 19th-century, philosophers and theorists have continued to scrutinize gender beyond biological and social interpretation. Margaret Atwood s The Handmaid s Tale captures the limitations and social implications forced upon a set gender based on societal expectations. Gender is a social construct that limits the individua l to the restrictions and traditions of a society, or if itââ¬â¢s an individuallyRead MoreThe Reconstruction Of Power By Margaret Atwood943 Words à |à 4 PagesHaley Hollimon LTC Bozeman EN 102, L19 3 February 2015 The Reconstruction of Power Throughout The Handmaidââ¬â¢s Tale, Margaret Atwood utilizes various elements of fiction to develop and question the concept of power and control in the patriarchal society of Gilead. Offred, the main Handmaid, is the instrument of which Atwood delivers her message about corruption and power. Offredââ¬â¢s vague diction, unreliable characterization, and erratic tone illustrate the distress of this transitional society (Abcarian
Saturday, December 21, 2019
Police Subculture Deviance Enters Into Law Enforcement
Kappeler, Sluder, Alpert (1998) explain that through the police subculture deviance enters into law enforcement. The police character that is developed can be attributed to several paradigms such as psychological, sociological, and anthropological. The individual personalities of an officer and the authoritarian personality, characterized by cynicism, aggression, and conservatism, is that the psychological paradigm analyzes (p. 85). The socialization process which officers experience when they go through the academy, training, and field experience, contrast that dispositional model of the police personality, and this is the focus of the sociological paradigm. When officers internalize these norms and values that are learned, this professionalization occurs. The occupational culture of policing and the -beliefs, attitudes, and values that make up the subculture is seen as the anthropological paradigm or the culturalization perspective (Kappeler, Sluder, Alpert, 1998, p. 87-88). Kappeler, Sluder, and Alpert (2009) discussed a series of opportunity and organizational aspects of policing that contribute to deviance. These aspects are identified as legitimizing police deviance through the authority of law, public perception, isolating police/citizen encounters, and limiting and subverting police supervision (p.61). The police enjoy a legal authority and operational justification to operate in a way that would be seen as criminal behavior if any normal citizen would engage inShow MoreRelatedPolice Subculture Deviance Enters Into Law Enforcement Essay1561 Words à |à 7 PagesKappeler, Sluder, Alpert (1998) explain that through the police subculture deviance enters into law enforcement. The police character that is developed can be attributed to several paradigms such as psychological, sociological, and anthropological. The individual personalities of an officer and the authoritarian personality, characterized by cynicism, aggression, and conservatism, is th at the psychological paradigm analyzes (p. 85). The socialization process which officers experience when theyRead More A General Theory of Crime Essay2067 Words à |à 9 Pagessome behaviors and not on others. There are known inaccuracies in the labeling process, much crime go undetected and some crimes are not reported to police. Crimes that go undetected and unreported obviously are not included in the overall statistics at the same time making it difficult to perform accurate studies due to the dark figures. Law enforcement agencies at times, may omit/neglect to record something as a crime, or inaccurately report something as a crime when it is not. Criminologists referRead MoreEssay A General Theory of Crime2134 Words à |à 9 Pagesbehaviors and not on others. There are known inaccuracies in the labeling process, much crime go undetected and some crimes are not reported to police. Crimes that go undetected and unreported obviously are not included in the overall statistics at the same time making it difficult to perform accurate studies due to the dark figures. Law enforcement agencies at times, may omit/neglect to record something as a crime, or inaccurately report something as a crime when it is not. Criminologists referRead MoreTracing Theoretical Approaches to Crime and Social Control: from Functionalism to Postmodernism16559 Words à |à 67 Pagesindividual. Individual beliefs surrounding crime are not produced at primary levels; instead, they are produced through mechanisms of the powerful within the public realm of a capitalist structure. These mechanisms of power (i.e. the media and police workshops) are beneficial to the institutional structures within capitalistic society because they create a force whereby individuals have a sense of fear instilled in them, forcing them to become reliant on the system or institutional structureRead MoreWhat Are the Major Issues That Cause Inner City Youth to Join Gangs and Become Delinquent? Discuss Whether the New Labour Governmentââ¬â¢s Policies Have Been Effective in Solving These Issues?8138 Words à |à 33 Pagesdelinquents, as a means to steer troubled youth away from the risk of joining real dangerous gangs. (Metro Newspaper 23.05.07) 1.2 CONTEXT: Gangs: The problem It is undeniable that there is a rising culture of youth crime. According to a metropolitan police report discussed on the BBC News online, gangs are responsible for more than a fifth of youth crime in London. (BBC News Online 2007). Clare Sharp et al 2004 in the home officeââ¬â¢s ââ¬ËDelinquent youth groups and offending behaviour: findings from theRead MoreThe Social Impact of Drug Abuse24406 Words à |à 98 Pagesdisguise and diversion of drug shipments and the vast numbers of shipments of small quantities of drugs decrease the yield of enforcement for each unit of intervention effort. The third stage of possible intervention is at the time of consumption. Here, a particularly vulnerable point is when drugs pass from dealers to consumers. This stage is often a target of law enforcement, especially if a strategy of buy and bust is followed. Recently, emphasis has been placed on drug demand, mostly in publicRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words à |à 1573 PagesOrganizational Behavior? 3 The Importance of Interpersonal Skills 4 What Managers Do 5 Management Functions 6 â⬠¢ Management Roles 6 â⬠¢ Management Skills 8 â⬠¢ Effective versus Successful Managerial Activities 8 â⬠¢ A Review of the Managerââ¬â¢s Job 9 Enter Organizational Behavior 10 Complementing Intuition with Systematic Study 11 Disciplines That Contribute to the OB Field 13 Psychology 14 â⬠¢ Social Psychology 14 â⬠¢ Sociology 14 â⬠¢ Anthropology 14 There Are Few Absolutes in OB 14 Challenges and Opportunities
Friday, December 13, 2019
Wages Protection Act for Economic Geography- myassignmenthelp
Question: Discuss about theWages Protection Act for Economic Geography. Answer: The Wages Protection Act 1983 which has been formulated on 1983 actually came into effect on 1 February 1984 (Simmons Stringer, 2014). The Act was formulated with an intention to provide appropriate protection to the employees in relation to their wages. Therefore, it is noteworthy to mention here that from the very beginning the Wages Protection Act 1983 has prohibited deduction of any kind from wages of an employee. It is worth noting that the Wages Protection Act 1983 has been developed in order to set out the provisions regarding the payment of wages. The Wages Protection Act 1983 has been constructed in order to cover certain areas which govern the wages of employees including the payment of bonus, overtime and other special payments. In other words, it can be stated that the Wages Protection Act 1983 has been enacted in New Zealand for the purpose of addressing the earnings of employees in relation to their employment. The Act from the very beginning has been addressing issues related to employees deductions from wages. The Act has been articulated for the purpose of recovering overpayments on the part of the employers in certain cases. The Act also addresses to the payments in cases where an employee is absent so that the employees could effectively recover the wages (Stringer et al., 2014). In this regard, it is worth mentioning that the Act has been formulated so that the employers could not control the way the expenditure of the employees. References: Simmons, G., Stringer, C. (2014). New Zealand? s fisheries management system: Forced labour an ignored or overlooked dimension?.Marine Policy,50, 74-80. Stringer, C., Simmons, G., Coulston, D., Whittaker, D. H. (2014). Not in New Zealands waters, surely? Linking labour issues to GPNs.Journal of Economic Geography,14(4), 739-758.
Thursday, December 5, 2019
Forms of EMH The Efficient Market Hypothesis (EMH)
Question: Explain the meaning and forms of EMH. Explain the logic behind EMH. Present the evidence that researchers offer for and against each form of EMH. Explain how an asset price bubble can be rational, i.e. consistent with EMH. Evaluate the housing and mortgage-backed security price bubbles that brought on the recent financial crisis and concluded on whether they were rational or irrational. The essay has been written clearly and concisely and not exceeded the word limit. Answer: Introduction In financial economics, many studies have been carried out on efficient market hypothesis (EMH) and this interest has been triggered by various reasons. According to Fama(1970), EMH refers to an investment hypothesis which postulates that it is hard to make abnormal profits due to stock market efficiency. In this case, an efficient stock market enables the prevailing stock prices to factor in and incorporate entire relevant information within a short period. EMH is divided into three types notably; weak-form, semi-strong form as well as strong form EMH. This classification is dependent on the extent and speed at which the stock prices incorporate any new information that intrudes the market. Based on the literature, the risk-weighted return is greater in markets that are inefficient in comparison to efficient markets (Sewell, 2012). For this reason, the studies undertaken on stock market efficiency tend to be significant for both individuals as well as institutional investors. Additionally, strong knowledge of market efficiency is vital among corporate managers as their decisions influence the market value of their firms. Lastly, the EMH is often treated as a supposition in many financial models. The studies conducted on EMH have given rise to numerous contradicting arguments among the scholars. In this regard, this essay presents the arguments for and arguments against the EMH. To substantiate the claims, the essay provides corresponding evidence to the arguments. Then, the essay expounds on the effect of the recent financial crisis on EMH and winding up with a summary of the discussions. Arguments for and against and Evidence of EMH Short-term momentum which involves under reaction to any information intruding the market The initial empirical studies anchoring the viewpoint of randomness in share prices focused on determinants of short-run serial correlations exhibited by consecutive stock price movements. Overall, this study operated on the premise that the stock market lacks memory. This implied that the previous stock behaviour is irrelevant in determining its future behaviour as noted by Cootner (1964). In another research, Lo and MacKinlay (1999) established that short-run serial correlations were non-zero. More so, the presence of unnecessarily many fluctuations towards similar direction drew them to deny the fact that share prices exhibit random walk behaviour. Perhaps, this proved that there was momentum in short-run share prices. Furthermore, the scholars Lo, Mamaysky and Wang (2000) employed advanced nonparametric statistical methods which detect patterns. Also, they used a number of stock price signals which demonstrated that the stocks prices experience predictive ability to a certain extent. Additionally, many economists as well as psychologists with a bias in behavioural finance believe that short-run momentum adheres to psychological feedback mechanisms. This means that people often observe a stock price increasing and become attracted to the stock market in a manner that describes a bandwagon effect. In this connection, Shiller (2015) attributed the coming to lime light of the United States stock market in the course of 1990s to psychological influence. As a consequence, the U.S stock market experienced irrational exuberance. Further, the behaviourists argued that the short-run momentum was caused by the behaviour of investors failing to react to the information intruding the market accordingly. If for any reason, the complete effect of crucial news announcement can be tapped within some time, then the stock prices can demonstrate a positive serial correlation. Nevertheless, many factors interplay to offer contradicting implications on whether it holds that the share prices do not follow a random walk. To start with, since the stock market does not display a perfect example of a random walk, it is crucial to strike the difference between statistical as well as economic significance. Markedly, the statistical variables that influence the momentum are negligible which, in other words, imply that cannot allow investors to make abnormal profits. Any individual incurring transaction costs are less probably to institute a trading strategy while relying on the momentum obtained in these researches which will stand out against a buy-and-hold approach. On this note, Camerer et al. (2011) proposed that momentum investors rarely benefit from abnormal profits. On the contrary, some of these investors gained lesser profits in comparison to buy-and-hold investors at the time of candid, positive momentum established through statistical techniques. This is due to the presence of transaction costs which optimises any level of momentum that is available. In a similar fashion, Abraham (2014) found out that standard strategies are not lucrative due to trading costs associated with their implementation. Secondly, as a behavioural theory on bandwagon effects as well as under reaction to the latest information may appear sufficiently reasonable, the proof that such impacts happen in a systematic manner in the equity market is inadequate. For instance, Fama (1998) investigated the significant collection of empirical studies on events studies which tailored towards establishing whether equity prices behave efficiently to new announcements in the market. In this case, the events encompassed announcements on return surprises, share splits, activities on dividends, mergers, latest exchange listings as well as IPO or initial public offerings. Fama found out that clear under reaction to new information is as obvious as an overreaction. Also, he established that post event consistency of abnormal returns occurred in the same manner as post event reversals. Furthermore, Fama indicated that the majority of return inconsistencies occurred only in situations where specific models are used. Howeve r, these findings tend to diminish when a variety of models for anticipated normal earnings are employed to incorporate risks. This occurs in tandem with the use of distinct statistical approaches are employed. For instance, research that offers identical weights on post announcement earnings of various stocks can give rise to varying findings from research that allocates weights to the stocks based on their intrinsic value. Long-Run Return Reversals As discussed in the short-run, the returns are determined using a number of days and the common argument countering market efficiency entails the occurrence of positive serial correlation. However, various studies have proved that there is negative serial correlation within an extended period. At some point, this is referred to as return reversals. For instance, Fama and French (1988) established that twenty-five to forty percent of the changes in long-term earnings can be projected on the basis of negative correlation with previous earnings. Likewise, Poterba and Summers (1988) confirmed that there is a significant mean reversion exhibited by stock market returns in the long-run. A number of researchers have claimed that this projection is caused by the behaviour of the share prices to overreact. In this connection, DeBondt and Thaler (1985) contended that investors are influenced by optimism as well as pessimism which make prices diverge systematically from their basic values and afterward exhibit mean reversion. These scholars attributed this overreaction to previous events is in tandem with the hypothesis of behavioural decision suggested by Camerer et al., (2011). This theory states that investors are intrinsically overconfident in their efforts to project future share prices. These results add weight to investment methods that subscribe to contrarian strategy. Contrarian strategy involves purchasing of stocks that have seemed unattractive over a long period and shying off from stocks that are characterized by long-term run-ups. Although there is significant evidence to substantiate negative long-run relationship in the stock earnings, the results indicated by mean reversion has proved to differ across various researches. In particular, this correlation has shown a different degree of strengths from one period to the other. Notably, the strongest empirical is manifested in times like the Great Depression. This period gives rise to stock patterns that do not give a definitive generalization. Furthermore, these mean reversals, in general, may demonstrate a behaviour that tallys with market efficiency. The rationale for this is that they are partially engendered by interest rate volatility as well as the interest rate behaviour to return reverse. Because of the condition that stock return has to increase or decrease to increase its competition with earning from the bonds, it is likely that there will be fluctuations in the interest rate accordingly. In the instances where interest rate adjusts back to the mean within certain duration, this changing pattern will give rise to return reversals such that the pattern corresponds to the efficient market operation. Furthermore, it may be difficult to generate profits when single stocks show return reversal behaviour. Fluck et al.(1997) modelled a strategy that involved buying of stocks within thirteen-year duration in the course of the 1980s as well as early 1990s which experienced poor earnings over the previous 3-5 years. These scholars established that equity with extremely low returns within the 3-5 years duration displayed greater earnings in the subsequent periods. On the other hand, the shares characterized by high earnings within the previous 3-5 years demonstrated lower earnings in the subsequent periods. Therefore, it was concluded that there is extremely strong statistical proof of mean returns. Nevertheless, the scholars also established that earnings in the subsequent period were indifferent to both groups. For this reason, the scholars were unable to prove that contrarian strategy would give rise to higher-than-average returns. Therefore, it can be concluded that although strong s tatistical pattern associated with mean returns was manifested, no indication was available that confirm that market inefficiency would empower investors to realise abnormal earnings. Impact of 2007-2008 Financial Crisis on EMH The recent fall in economic performance, as well as turmoil experienced in the financial market coined as the global financial crisis, was condemned for the failure of the financial markets between 2007 and 2008 internationally(Milner, 2009). In this regard, the concept of EMH has been employed by many scholars to explain the effect of the financial crisis. Indeed, the financial crisis paved the way for fresh scrutiny as well as a critique on the EMH. Notably, market strategists such as Grantham asserted absolutely that the efficient market hypothesis accounted for the financial crisis in that the trust in the EMH made corporate leaders to acute underestimation of the consequences of occurrence of asset bubbles (Nocera, 2009) .This is evidenced by the words of Roger Lowenstein(Fox, 2016). In the meeting organised by International Organisation of Securities Commissions, the debate on EMH was among the key agenda. In the meeting, Martin Wolf- the premier Financial Times staff- rejected the fact that EMH is not related to the real operation of the market. In the same meeting, McCulley- the MD of PIMCO presented a subtle view that EMH had not failed, though had a lot of errors in its application as it ignored the human nature (Stevenson, 2009). In addition, Posner Richard deviated from the EMH and exerted more weight on Keynesian economics. In his criticism, he contradicted some prevailing perspectives by maintaining that the decision to liberate the financial sector had exceeded the limits through exaggerating the pliability of laissez-faire capitalism (Cassidy, 2010). Despite the criticisms, the effect of financial crisis on EMH was grounded on two major conceptions. To start with, the perspective that competition puts in force a relation between revenues as well as costs. This implies that, in a scenario of abnormal profits, new entry lowers the costs. Secondly, there is a perspective of treating fluctuations in asset prices as determined by the information flow in the equity market. When these two perspectives are used jointly, the EMH results as noted by Ball (2009). This basic conception offers more insights on a startling projection on financial market response to any information that is freely made public. In competitive equilibrium situations, the returns derived from the use of information released to the public ought to commensurate with the cost incurred in using it. However, in reality, public information is priceless which implies that it is freely found. As consequence, the returns associated with such information ought to be equated to zero (Kim, Shamsuddin and Lim, 2011). Therefore, no one can earn abnormal profits from such information that has been factored in the prices. During the financial crisis, it was established that the assumption of efficient market was relaxed (Ball, 2009). This implied that the market prices did not reflect all the information that was available on the market. As such, there was an asset bubble which was characterised by increasing and falling of stock prices by huge differences than usual. At this point, some prudent investors benefited from the opportunity that was presented by the market. At the same time, a number of investors recorded significant losses. Conclusion From the essay, it is apparent that there is diversified and contradicting opinion about the validity of the efficient market hypothesis. In the essay, if the stock price demonstrated random walk behaviour, the equity market was regarded as of Weak-form market efficiency. On the other hand, if the stock prices indicated that it does not follow random walk behaviour then it was regarded as inefficient. This meant that the previous stock data can be used to predict future prices. On this note, some studies found out that the stock prices exhibit random walk behaviour. In particular, this studies include Cootner (1964), Lo and MacKinlay (1999) and Fama(1998). Conversely, Lo, Mamaysky and Wang (2000) established that there is some degree of predictability in the stock market. The EMH acknowledges the fact that it is difficult for any investor to make supernormal profit in an efficiently operating stock market. Furthermore, the global financial crisis was associated with the EMH. However, it has been argued that it is incorrect to assume that EMH caused the market bubbles. Instead, the essay has clarified that the occurrence of the financial crisis is pegged on overreliance on the belief of EMH. During this time, some the prevailing assumption of EMH did not hold which resulted in the famous global financial crisis. References Abraham, S. M. (2014) Testing International Momentum Strategies between Chinese and Australian Financial Markets,International Journal of Financial Research,5(1), p.1. Ball, R. (2009) The global financial crisis and the efficient market hypothesis: What have we learned?,Journal of Applied Corporate Finance,21(4),pp. 8-16. Camerer, C. F. Loewenstein, G. and Rabin, M. (Eds.). (2011)Advances in behavioral economics. Princeton: Princeton University Press. Cassidy, J. (2010) After the Blowup - The New Yorker. [Online] The New Yorker. Available at: https://www.newyorker.com/magazine/2010/01/11/after-the-blowup [Accessed 24 Jun. 2016]. Cootner, P. H. (1964) The random character of stock market prices. Cambridge, Mass: MIT press De Bondt, W. F. and Thaler, R. H. (1995) Financial decision-making in markets and firms: A behavioral perspective,Handbooks in operations research and management science,9, pp.385-410. Fama, E. F. (1998) Market efficiency, long-term returns, and behavioral finance, Journal of financial economics,49(3),pp.283-306. Fama, E. F. and French, K. R. (1988) Permanent and temporary components of stock prices,The Journal of Political Economy, pp.246-273. Fluck, Z. Malkiel, B. G. and Quandt, R. E. (1997) The predictability of stock returns: A cross-sectional simulation,Review of Economics and Statistics,79(2), pp.176-183. Fox, J. (2016) Book Review: 'The Myth of the Rational Market' by Justin Fox. [Online] Washingtonpost.com. Available at: https://www.washingtonpost.com/wp-dyn/content/article/2009/06/05/AR2009060502053.html [Accessed 24 Jun. 2016]. Kim, J. H. Shamsuddin, A. and Lim, K. P. (2011) Stock return predictability and the adaptive markets hypothesis: Evidence from century-long US data,Journal of Empirical Finance,18(5), pp.868-879. Lo, A. W. and MacKinlay, A. C. (2002) A non-random walk down Wall Street. Princeton: Princeton University Press. Lo, A. W., Mamaysky, H., Wang, J. (2000). Foundations of technical analysis: Computational algorithms, statistical inference, and empirical implementation.The journal of finance,55(4), 1705-1770. Milner, B. (2009) Sun finally sets on notion that markets are rational. [Online] The Globe and Mail. Available at: https://www.theglobeandmail.com/globe-investor/investment-ideas/features/taking-stock/sun-finally-sets-on-notion-that-markets-are-rational/article1206213/ [Accessed 24 Jun. 2016]. Nocera, J. (2009) Poking Holes in a Theory on Markets. [Online] Nytimes.com. Available at: https://www.nytimes.com/2009/06/06/business/06nocera.html?scp=1sq=efficient%20marketst=cse_r=0 [Accessed 24 Jun. 2016]. Poterba, J. M. and Summers, L. H. (1988) Mean reversion in stock prices: Evidence and implications, Journal of financial economics,22(1), pp. 27-59. Sewell, M. (2012) The efficient market hypothesis: Empirical evidence, International Journal of Statistics and Probability,1(2), p.164. Shiller, R. J. (2015)Irrational exuberance. Princeton: Princeton university press. Stevenson, T. (2009) Investors are finally seeing the nonsense in the efficient market theory. [Online] Telegraph.co.uk. Available at: https://www.telegraph.co.uk/finance/comment/tom-stevenson/5562355/Investors-are-finally-seeing-the-nonsense-in-the-efficient-m
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