Predictably irrational Essay Example | Topics and Well Written Essays - 1000 words

Predictably irrational - Essay Example As a result of these accounts of conscious perceptions, we often assume that the experiences constitute a single fundamental reality. Based on this broad judgment, Venkat further reaffirms that, â€Å"the imperative nature of consciousness is practically beyond logical doubt and rather evident through predictable behavior.† (n.pag). Many make the assumption that, they are actually settling for rational and smart choices, without taking into consideration the possibility that their behavior is actually predictable. After reading Ariely’s book, I came to realize that I am also predictably irrational, especially in my life as a student, as shown by analogies drawn hereunder between the authors’ illustrations and incidents in my life. According to Ariely, it is rather intriguing to note that, human expectations, societal norms and emotions, among other undermined aspects of life, which ordinarily seem illogical, often control our capability to reason. This is a concl usion that the author draws from the fact that people astoundingly make simple mistakes, yet repeat the same types of faults daily. The author’s line of thought begins when he asks â€Å"Do our first impressions and decisions become imprinted?† (25). He goes on to elaborate that we usually overpay for certain items when shopping, we also underestimate expenses and keep procrastinating duties we are supposed to carry out eventually. The author is keen to note that these misguided doings are not random, and neither are they senseless. Apparently, these actions are logical and foreseeable, as illustrated by the experiment showing how students’ social security numbers influenced their bids for wine (Ariely 28). This possibility is explicated by Ariely in various chapters of his book, as well as, in Plato’s â€Å"Allegory of the Cave†, as discussed in subsequent paragraphs. In chapter six of his book, â€Å"Predictably Irrational†, Ariely focuses on the crucial aspects of self-control and procrastination (Ariely 109-119). Through a comprehensive experiment, the author realizes that his students tend to perform better in class assignments, when deadlines for work submission are spaced all through the semester, than when the deadline is set on the final day of the school term. This is an aspect he attributes to the tendency of learners to postpone work, when they think that they have sufficient time to finish writing the assignments, prior to the semester’s end. In the long run, students rush during the last minute only to do unsatisfactory work and, consequently, acquire poor grades. In contrast, spacing out deadlines and imposing potential grade or financial penalties, in addition to simplification of tasks, makes it easy for students to deal with their assignments early enough. This is because such efforts inspire self-control among students and lower incidents of procrastination. The occurrence of procrastination a mong individuals is also supported by O’Donoghue and Rabin, who suggest that â€Å"people may occasionally purchase items with high prices based on the notion that the price is

DESIGN SCENARIO Case Study Example | Topics and Well Written Essays - 500 words

DESIGN SCENARIO - Case Study Example In this type of metropolitan Area Network, all networking equipment are virtually hosted and connected to the network using Ethernet. Thus using the Ethernet to interconnect such services makes it easier for network operations, administration, and management and provisioning. Comcast is using this advantage of Metro Ethernet to attract more customers in California and its environs. As a result, more subscribers are joining this service. The Comcast metro network service is cost effective. Metro Service has characteristics that favor its cheap service. Metro Ethernet service has broad usage in all networking products. The inexpensiveness of the Ethernet interface makes it cheaper in all networking services. Secondly, the cost of equipment, service and operational is cheap. This makes Ethernet services to be cheaper. Comcast allows its subscribers to add bandwidth more incrementally; as a result each customer purchases the bandwidth according his / her use. Comcast has sub - divided its services into three classes. These classes offer different services at different bandwidth. These are premium, basic and priority. These services are offered in 10 Mbps, 100 Mbps, and 10000 Gbps to Ethernet users and these interfaces and are available in an increment of 1Mbps to 10Gps. The Ethernet service provided by Comcast has the following specifications. It has Ethernet user – to – network interface. This service facilitates provision of bidirectional, full duplex transmission of Ethernet frames using standard IEEE 802.3 Ethernet interface (Comcast, 2013). This service supports up to 100

Consumer Behaviour and research Essay Example | Topics and Well Written Essays - 500 words

Consumer Behaviour and research - Essay Example e promoting people of businesses need to identify on how various clients evaluate services or products although the procedure is not simple to fathom. Here the customers might have the following elements of evaluation measures in mind prices, brand and quality (Malhotra 2012). Generally, the customer is supposed to purchase that service or product which up to maximum level satisfies his or her evaluation criteria; nevertheless, yet at this phase same element might change customers decisions (Solomon 2009). Customers purchasing decision procedure does not culminate with the procurement of the service or product, it engrosses itself within post-purchase procedure. This establishes whether the purchaser is pleased with service or product purchased or not. If pleased then super word of mouth will transpire and if the buyer is not pleased, he or she will not put in a good word concerning product or service. Consumers dissatisfaction, satisfaction or delightedness rests upon a buyer’s expectations as well as the service or product quality apparent performance (Malhotra 2012). Corporate buying decision procedure comprises of the ensuing steps: problem recognition, general need description, product specification, supplier search, proposal solicitation, supplier selection, order routine specification and performance review. Problem recognition will ensue when a corporation recognizes a need or problem, which can be met by purchasing a service or product (Ghauri 2010). For instance, Thornton Company can realize that one of its products is not selling maybe because of its taste. To improve the product, Thornton will have to buy new supplies or services to rectify the problem. When an organization wishes to improve its products or services, the traits of the products and services required are clearly stated (Keegan 2010). At Thornton, for instance, to improve the taste of a product, Thornton will give a description of ingredients needed to improve that product. After

Think Globl ct Locl Discuss th implictions of Thodor Lvitts sttmnt Essay

Think Globl ct Locl Discuss th implictions of Thodor Lvitts sttmnt - Essay Example Onc compny introducs its products or srvics on th scond country-mrkt, it will unvoidbly b pron to impos its prvious xprinc, spcilly if th compny oprtion in th grt numbr of ntionl mrkts. Mrkting strtgy dcisions in such cs cn b bsd ginst th xtr-mrkt critri. For instnc, pric lvls r st up in ordr to limint th diffrnc mong mrkts nd to sustin pric corridor, comprd to th sitution whr you just purly rflct locl mrkt conditions. Subsidizing of pric lvls by multintionl is lso common prctic nd is usd for strtgic rsons. Strtgy of th compny tht is xpnding brod dpnds on mny fctors, in som cs it is just pursu of lrning nd somtims it is high profitbility trgt tht r st up upfront. nothr componnt of th mrkting mix tht is diffrnt nd should b tilord to th spcific mrkt is distribution chnnl infrstructur, which should b lso rsponsibl for mrkting strtgy. Th distribution ntwork hs lso to contribut lot to strtgy for growth, nd s rsult it is judgd on orgniztionl critri such s fsibility, lvl of risk, supportbility, nd control issus. Mnwhil, distribution mngmnt in domstic mrkts is mostly proccupid by th rliztion of lrdy xisting mrkting strtgis nd is minly judgd ginst fficincy or cost-minimiztion critri. Thodor Lv Thodor Lvitt's is fmous for nlyzing nd rconciling dilmms tht compny will ncountr onc gon intrntionl. On of his controvrsil rticl Mrkting Myopi stts tht succssful businss should not only know whn to ntr, but lso whn to xit th mrkts is sttd in on's of Lvitts' Mrkting Myopi rticl: "Th rilrods did not stop growing bcus th nd for pssngr nd fright trnsporttion dclind. Tht grw. Th rilrods r in troubl tody not bcus th nd ws filld by othrs (crs, trucks, irplns, vn tlphons), but bcus it ws not filld by th rilrods thmslvs. Thy lt othrs tk customrs wy from thm bcus thy ssumd thmslvs to b in th rilrod businss rthr thn in th trnsporttion businss. Th rson thy dfind thir industry wrong ws bcus thy wr rilrod orintd instd of trnsporttion-orintd; thy wr product-orintd instd of customr-orintd." Probbly thr r two ltrntivs tht compny cn dopt whil thinking globlly, "Think globl, ct locl" nd "Think locl, ct globl", th scond ltrntiv sms to b th pur rsult of th globliztion. Thodor Lvitt wrot in his rticl (1983, citd in Hrbig 1998) tht culturl prfrncs will blong to th pst nd th world will bcom mor nd mor th sm. Th nds nd wnts will bcom th sm vrywhr in th world. Lvitt implicitly sttd tht globl cmpigns will ttin long-stnding succss only whn thy will mt th nds of ch nd vry. H suggstd tk into considrtion th similritis nd do not focus too much on th diffrncs of culturs. To confirm his sttmnt Lvitt uss th xmpls of Coc-Col, McDonlds, Ppsi-Col nd Mrlboro. But in fct, thos compnis do not us Lvitts' id of th globl cultur strtgy. Or cours, Lvitt's work undrstimts th diffrnc btwn globliztion nd intrntionliztion, btwn multintionl nd globl corportion. Th dominnc of trditionl plyrs is rflctd through th intrntionliztion, nd th multintionl is focusd on th production of good for locl mrkts. In my o pinion, globliztion involvs nw typ of rltionship mong ll compnis nd countris. Th diffrnc btwn rgionl, intrntionl, nd globl mrkts is significnt points tht should b tkn into ccount by

Report Writing Assignment Example | Topics and Well Written Essays - 500 words

Report Writing - Assignment Example The suspect was identified as Ricky Moon, a white male, aged 22 years; with a height, 6’; weighing, 192; at the moment he was wearing blue jeans and a ski cap. The officer immediately transported him back to the bank in an attempt of finding witnesses who would help with the suspect identification. Beamer and Katz who were both present during the process of the robbery positively identified the suspect. Following the positive identification, Judge L.C Green gave out a search warrant for the green Ford pickup that was bearing a New York licence TFH 789 and at that time was being driven by Ricky Moon and later found to be registered to the same man. The following items were obtained from the truck; 38 calibre blue steel revolver having serial number of 78695, a 4-inch barrel, black rubber grips, Green money bag, top zipper of First National Bank of New York, a Blue ski cap having eye holes cut within the fabric, a pair of blue jeans with red dye stains, black boots, pump shotgun, brown wood stock having the serial number of 436790 and $5,000 in $100 bills all of this materials were found in the suspects truck and are directly related to the above stated robbery. The witnesses at the crime scene; Frank Beamer and Jo Katz testified that on 20th of January, 2008 at around 1.30 pm a robbery occurred at the First National Bank of New York. The robber who carried out the offence was described as a white man, in blue jeans, wearing black shoes, in his twenties and also wearing a fabric on the head having holes cut in the fabric. Both witnesses stated to have observed that the suspected robber was in possession of two guns and also was wearing a jacket; moreover both added that the man was either in his twenties or early thirties. However there are some of the reported attributes by the two witnesses which are contradicting like Katz reported that the suspect had black hair and blue eyes, whereas Beamer reported the suspect to be having

Public Perceptions and Mentality of the Society Essay

Public Perceptions and Mentality of the Society - Essay Example In Australia, the high-profile attacks of Indians in this country have become an international event and a highly sensationalized issue. In Sydney as well as in Melbourne, Indian students have been bashed and attacked due to their race and nationality. Most of the alleged perpetrators are youths or young adults. Many of the Indians attacked are foreign students coming to Australia to study and benefit from the higher education available in this country. It is estimated that foreign students studying in Australia account for more than $13 billion annually to the economy and Indian students comprise the second largest foreign student body. Higher education is Australia’s third largest export earner, ahead of wool, wheat, copper, tourism and even gold. Importantly, government figures estimate that fully 17.8% of all foreign students in Australia are Indian-born. International students represent the 3rd most lucrative export for this country and Australia can ill afford to lose th e international students who come here each and every year to pursue their studies. Recently, the Indian government has threatened to put out a travel advisory out against Australia thus restricting the flow of Indian students to this country. The high profile bashings raise many important questions for the general public, questions which increase in voracity around the national holiday, Australia Day. Is Australia a racist society? Can we deal with the ramifications of a multicultural society in the twenty-first century? These questions and much more are raised when high profile attacks by young people make headlines around the world (Marginson, 2006; Australian Bureau of Statistics, 2008; (Soutphommasane, 2010).

Labour Law & Industrial Relations-Bangladesh Essay Example for Free

Labour Law Industrial Relations-Bangladesh Essay If the objection not met satisfactorily DOL may reject the application Judgement of the LAT shall be final Any party aggrieved by the judgement of Labour Court may prefer to appeal to the Labour Appellate Tribunal within 30 days from the date of order of Labour Court Labour Court may pass an order directing the DOL to register the TU within a period of 7 days Labour Court may dismiss the appeal of Trade Union Labour Court Conducts hearing into the appeal TU may apply to Labour Court within 30 days from the date of rejection or in case any delayed disposal by the DOL