Unit 8 Assignment Example | Topics and Well Written Essays - 250 words - 1

Unit 8 - Assignment Example It thus provides a more thoughtful and relevant platform for designing economic policies since it take psychological thinking into consideration. Effects of behavioral economics in the free market. It relaxes rational thinking assumptions and therefore allows for argument in predicting how economic decisions can be guided. According to Barberis N.K (2001) behavioral economics can be used to predict and explain field phenomena such as the anomalies in the stock market. Behavioral economics borrows from the Proverb; a bird in the hand is worth two in the bush. It argues that consumers will prefer to hold what is already in their hands than what is far from them even if it costs less. They try to avert losses that may occur when they decide to seek high returns. It also tends to explain the case of giffen goods whose demand increases with an increase in price. So in this case of mp3 and the digital camera consumer will be less rational by considering the second option even if the opport unity cost as well as other costs is the same. They will be guided by their behavior and human

POWER AND VIOLENCE IN FAMILIES Movie Review Example | Topics and Well Written Essays - 500 words

POWER AND VIOLENCE IN FAMILIES - Movie Review Example However, the part where Jennifer Lopez is shown getting trained in just one month and taking a revenge on her husband is a bit dramatic and theatrical. It usually takes longer than that to get trained for self defense and learn martial arts. At the same time, one cannot say that this cannot happen in real life. If a woman is strong and determined, then she can do anything to fight abuse. So the movie is quite realistic. A: Wives who are psychologically weak are the ones who usually become the victim of abuse. It is their psychological and emotional weakness, and the fear of being abandoned, that makes women suffer the domestic violence silently. It is the lack of psychological weakness in the first place which makes them vulnerable to abuse. Huge amount of mental strength and determination is needed for women to overpower their husbands and fight physical abuse at home. Hence, it is not easily possible for abused wives to overpower their husbands physically. They lack the mental strength to do so. Unfortunately, it is the mental strength that is usually found missing in victims of physical abuse. A: No. One can say that a woman is ‘most battered’ when she experiences persistent beating for no reason, suffers physical injuries due to physical violence everyday, lives in constant fear, and is tortured mentally and emotionally. Most of the times, battered women suffer major physical injuries and psychological traumas which make them incapable of functioning normally in daily life. Most battered women lose their self-esteem, confidence, communication ability etc. However, this does not happen in case of Lopez’s character. Lopez is shown getting only one tiny scar on her face and no other major injuries. The physical abuse shown against her is quite less and hence, one cannot say that she presents ‘most battered women.’ A: This movie is definitely not damaging. In