Lorenz curve

My teaching philosophy is to maintain a balance between the duties of a teacher, the responsibilities as an advisor, and the role as a mentor. Teaching is a challenging, dynamic, creative, customized and evolving craft. The challenge is not in the physical act of doing the job as anyone can stand and narrate few words in front of an audience, but the challenge is to do it in an effective and efficient manner. I believe the essence of teaching is to facilitate the learning process and to get the…

uses Bernoulli’s theory on utility to explain why this is not how most would react. He explains that people are risk-averse, a fact Kahneman agrees with. People would rather abstain from risk in favor of a guaranteed outcome. The standard utility curve is shown in figure 1. Increasing wealth from 1 million…

Fear of the future is one phobia that every so often gets a grip of us all. Wilkinson continues to assert, "We look out into the future, trying our best to make wise decisions, only to find ourselves staring into the teeth of ferocious and widespread uncertainties. If only everything didn't depend on, well, everything else. How do we decide what kind of career path to pursue when it's not clear what industries will exist in 10 or 15 years? How do we plan our children's education when we can't…

It’s a learning curve Little responsibility. No real understanding. Very little concept of how the ‘big world’ works. These are just some of the uncounted ways of being three years old. Despite the idea of growing up isn’t thought of and talked about much it still happens to everyone which means it is still a substantially significant part of everyone life including mine, which has inspired me so much to write about my view and experience of ‘growing up.’ All though being three years old…

Learning Curves The learning curve, also referred to as the experience curve, is a simplistic, yet powerful, estimating technique which has become an essential concept/tool used for strategic planning within project management (Kerzner, 2013; Lieberman, 1987; Linton & Walsh, 2013). Bailey and Gupta (1999) suggested that the learning curve should probably be called the “forecasting curve” because it is primarily used to forecast the future expenditure of project resources (as cited in McKee &…

compared to medium household having different estimates. The question is; does forest income have any role to alleviate inequality between households? In the Lorenz curve, the inequality to the total household income is represented by the departure of the curve from the straight diagonal line, which is the line of equal distribution of income. Lorenz curve of the household income…

The song "16 Tons" by Johnny Cash tells the story of a poor coal miner who could be considered part of the percentage of Americans who are permanently in poverty– a concept we discussed in class. I make this assumption because Johnny sings that after lifting 16 tons of coal in one day, the miner is simply a day older and “deeper in debt”, and that the miner owes his “soul to the company store”. This suggests that the miners’ debt is growing each day– perhaps a product of debt that is accruing…

While indulging in a binge watching weekend I spotted one of my all-time favorite films. Recently placed on Amazon prime Trouble with the Curve starring Clint Eastwood and Amy Adams. There are so many reasons why I love this movie. First and foremost it is the romance aspect, being that I am truly a romantic at heart, I can never pass up a romantic comedy. The second reason is that it’s a movie about baseball. I love a good baseball game and how could I pass up a baseball movie with some good…

Annalena Lorenz in her article titled The Danish Girl and the De/Construction of Gender Identity theorised that Einar Wegener, or Lila Elbe (Eddie Redmayne) had to perform a ‘theatrical performance’ while living in the normal everyday life in the assigned gender of male but during the period of minute 37:25 through until minute 40 while backstage at the theatre with the costumes, the audience should be expecting a ‘theatrical performance’ but instead Einer can ‘openly and freely be whom he feels…

Having seen the how past government programs can shift the distribution of wealth in the United States, it is important to recognize how effective government run social and anti-poverty programs are to providing profitable opportunities for impoverished citizens and communities. In the democracy we live in, income distribution offers incentive to become more productive and successful should compel citizens to work harder and earn more. (Tucker 324) However, there will always be uncontrollable…