Prospect Park

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    1. A). Saylorville and Prospect Park Upland are the most similar communities. This was determined by a value of 48% (Table 4). This suggest that Saylorville and Prospect Park Upland has similar ecosystems. Wherein, they may have similar elevations, soil types, sun/shade exposure, and slope aspects. B). The two communities that are the most dissimilar are Saylorville and Prospect Park Floodplain. There is 1.3% similarity between Saylorville and Prospect Park Floodplain (Table 4). This suggest that Saylorville and Prospect Park Floodplain have dissimilar ecosystems. Wherein, the proximity to a body of water that frequently floods, soil-water drainage, soil type, landscape formation and slope aspects are likely to be different in these two areas…

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    more than just sitting there and listening to the teacher and looking at pictures. In my opinion, hands on activity will help achieve the goal for making each student understand what nature is. One experience of nature for the children was when they went on a trip to Prospect Park Zoo. During this trip, the students was exposed to nature all around them. They saw a lot of colorful leaves, trails and animals. I saw that the children were happy to be in the zoo because they were picking up leaves…

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    Park Slope Case Study

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    Park Slope is neighborhood in Brooklyn that has become know as “highly desirable.” Park Slope is known for its historic buildings, shops that line Fifth and Seventh Avenues, bars and its proximity to Prospect Park. Around the 60’s and 70’s many of Park Slopes historic brownstones were cleaned up along with the rest of the neighborhood but before this Park Slope was a rough working-class neighborhood. Many neighborhoods, including Park Slope, are going through the process of gentrification. While…

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    Environmental cues in this situation drive internal cognitions through the limbic system and overwhelm proper discounting promoted by the medial prefrontal cortex. Adolescences then would be equally if not more susceptible to environmental cues and peer influence, because they lack mature executive function to overcome these pressures. This sentiment is echoed in a paper Ahern et al. (2014), who proved that risk aversion is systematically shaped and influenced by a person’s peers. In both of…

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    Summary: Simulation

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    Overall, going into this simulation, I came up with three general strategies I was going to follow. The first and most obvious was trying to maximize New Heritage Doll firm’s value by selecting some of the most attractive projects based off NPV, IRR, and PI. However, I also aimed to make appropriate selections based on diversifying among the three departments (retailing, licensing, and production) along with diversifying among riskiness for each year. For each year, I was given $8 million…

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    Kahneman successfully integrated psychology and economics making it easier to discern the motive behind consumer behavior. One of Kahneman’s most famous theories that essentially won him the Nobel prize in economics is prospect theory and that of loss aversion. Kahneman, along with Amos Tversky developed this theory when studying how people react to gambles. To Econs the expected utility theory and rational choice guided the outcomes of the decision process regarding a gamble. Expected utility…

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    There is this theory that describes how we tend to make our decisions: Prospect Theory! Kahneman and Tversky developed this in order to describe the way that people choose between “probabilistic alternatives that involve risk, where possibilities are known.” This means that people tend to make decisions based on the pros and cons rather than the final outcome, and that people weigh these pros and cons using heuristics. ("Prospect Theory." Wikipedia. Wikimedia Foundation, n.d. Web. 17 Oct. 2015.)…

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    The future The potential future benefit from completing my degree and finding employment in information architecture based on an annual salary of $100,000 per year over the next 10 years, taking into account paying off my student loans, and starting as an entry level e-commerce specialist starting at $77,000 and working my way up to an average of $115,000 per year. (My Footpath, 2013). The theory of expected utility takes into account there being three types of individuals-risk neutral, risk…

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    The Framing Effect

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    regarding the Asian disease problem, they found that Individuals tend to choose a less risky option, or be more risk-averse, when the course of action is presented positively (gain), and tend to choose a more risky option, be more risk-seeking, when the course of action is presented negatively (loss). In other words, framing the outcome of a decision problem differently shifts a decision maker’s choice from risk-averse to risk-seeking. However, one limitation is that they failed to consider…

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    2. Knowledge about variation 3. Theory of knowledge 4. Psychology The rest of the paper is organized in the following way: Section 2 provides information on Prospect Theory and System of Profound Knowledge. Section 3 discusses how “Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes” exhibits Profound Knowledge. Section 4 confers to the learning from analysis and in section 5 end the paper with the conclusion. 2.1. Prospect Theory Prospect theory…

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