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Economic Incentive
In general, incentives are anything that persuade a person or organization to alter their behavior to produce the desired outcome. The laws of economists and of behavior state that higher incentives amount to greater levels of effort and therefore higher levels of performance. For comparison, a disincentive is something that discourages from certain actions. Divisions An incentive is a powerful tool to influence certain desired behaviors or action often adopted by governments and businesses. Incentives can be broadly broken down into two categories: intrinsic incentives and extrinsic incentives. Overall, both types of incentives can be powerful tools often employ to increase effort and higher performance according to the "law of behavior." Incentives are most studied in the area of personnel economics where economic analysts, such as those who take part in human resources management practices, focus on how firms make employees more motivated, through pay and career concerns, Fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stop Climate Change - Climate Strike Melbourne 21 May 2021 (51194849093)
Stop may refer to: Places *Stop, Kentucky, an unincorporated community in the United States * Stop (Rogatica), a village in Rogatica, Republika Srpska, Bosnia and Herzegovina Facilities * Bus stop * Truck stop, a type of rest stop for truck drivers * ''Rail stop'', colloquialism for a railway station Film * ''Stop'', a 1970 American film by Bill Gunn (writer), Bill Gunn with Marlene Clark, Anna Aries, Edward Michael Bell * ''Stop'', a 1972 French-Canadian film by Jean Beaudin * ''Stop!'', a 2004 Hindi romantic film starring Dia Mirza * Stop (2015 film), ''Stop'' (2015 film) South Korean-Japanese co-production directed by Kim Ki-duk Music * Double stop, the act of playing two notes simultaneously * Organ stop, a component of a pipe organ * Stop (Stockhausen), a composition for orchestra by Karlheinz Stockhausen Albums * Stop (Don Lanphere album), ''Stop'' (Don Lanphere album), and the title song, 1983 * Stop (Eric Burdon Band album), ''Stop'' (Eric Burdon Band album), an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Absolute Advantage
In economics, the principle of absolute advantage is the ability of a party (an individual, or firm, or country) to produce a good or service more efficiently than its competitors. The Scottish economist Adam Smith first described the principle of absolute advantage in the context of international trade in 1776, using labor as the only input. Since absolute advantage is determined by a simple comparison of labor productiveness, it is possible for a party to have no absolute advantage in anything. Origin of the theory The concept of absolute advantage is generally attributed to the Scottish economist Adam Smith in his 1776 publication '' The Wealth of Nations,'' in which he countered mercantilist ideas. Smith argued that it was impossible for all nations to become rich simultaneously by following mercantilism because the export of one nation is another nation's import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bounty (reward)
A bounty is a payment or Reward system, reward of money to locate, capture or kill an outlaw or a Fugitive, wanted person. Two modern examples of bounties are the ones placed for the capture of Saddam Hussein and his sons by the United States government and Microsoft's bounty for computer virus creators. Those who make a living by pursuing bounties are known as bounty hunters. Bounties have also been granted for other actions, such as exports under mercantilism. Examples Historical examples Written promises of reward for the capture of or information regarding criminals go back to at least the first-century Roman Empire. Graffiti from Pompeii, a Roman city destroyed by a volcanic eruption in 79 AD, contained this message: A copper pot went missing from my shop. Anyone who returns it to me will be given 65 bronze coins (Sestertius, ''sestertii''). Twenty more will be given for information leading to the capture of the thief. A bounty system was used in the American Civil War as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Investment Funds
The Climate Investment Funds (CIF) were established in 2008 as a multilateral climate fund in order to finance pilot projects in developing countries at the request of the G8 and G20. The CIF administers a collection of programs with a view of helping nations fight the impacts of climate change and accelerate their shift to a low-carbon economy. Tariye Gbadegesin, a Nigerian-American national, is the current CEO of CIF. CIF works in partnership with governments, the private sector, civil society, local communities, and six major multilateral development banks (MDBs). CIF investments are overseen by a governing board that provides equal authority to donor and recipient countries with input from official observers representing the private sector, civil society, and indigenous peoples. CIF consists of two funds; the Clean Technology Fund and the Strategic Climate Fund. Clean Technology Fund The World Bank is the Trustee of the CIFs, which works with most major multilateral ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Self-image
Self-image is the mental picture, generally of a kind that is quite resistant to change, that depicts not only details that are potentially available to an objective investigation by others (height, weight, hair color, etc.), but also items that have been learned by persons about themselves, either from personal experiences or by internalizing the judgments of others. In some formulations, it is a component of self-concept. Self-image may consist of six types: # Self-image resulting from how an individual sees oneself. # Self-image resulting from how others see the individual. # Self-image resulting from how the individual perceives the individual seeing oneself. # Self-image resulting from how the individual perceives how others see the individual. # Self-image resulting from how others perceive how the individual sees oneself. # Self-image resulting from how others perceive how others see the individual. These six types may or may not be an accurate representation of the pers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Self-perception Theory
Self-perception theory (SPT) is an account of attitude formation developed by psychologist Daryl Bem. It asserts that people develop their attitudes (when there is no previous attitude due to a lack of experience, etc.—and the emotional response is ambiguous) by observing their own behavior and concluding what attitudes must have caused it. The theory is counterintuitive in nature, as the conventional wisdom is that attitudes determine behaviors. Furthermore, the theory suggests that people induce attitudes without accessing internal cognition and mood states. The person interprets their own overt behaviors rationally in the same way they attempt to explain others' behaviors. Bem's original experiment In an attempt to decide if individuals induce their attitudes as observers without accessing their internal states, Bem used interpersonal simulations, in which an "observer-participant" is given a detailed description of one condition of a cognitive dissonance experiment. Subj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Option
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset (or contingent liability) and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in '' over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in Corporate law, law for certain purposes. Early incorporated entities were established by charter (i.e., by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through List of company registers, registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue share capital, stock, or whether they are formed to make a profit (accounting), profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this articl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ratchet Effect
The ratchet effect is a concept in sociology and economics illustrating the difficulty with reversing a course of action once a specific thing has occurred, analogous with the mechanical ratchet (device), ratchet that allows movement in one direction and seizes or tightens in the opposite. The concept has been applied to multiple fields of study and is related to the phenomena of scope creep, mission creep, and feature creep. Background The ratchet effect first came to light in Alan T. Peacock, Alan Peacock and Jack Wiseman (economist), Jack Wiseman's 1961 report "The Growth of Public Expenditure in the United Kingdom." Peacock and Wiseman found that public spending increases like a ratchet following periods of crisis. The term was later expanded upon by American historian Robert Higgs in the 1987 book ''Crisis and Leviathan,'' highlighting Peacock and Wiseman's research as it relates to governments experiencing difficulty in Rollback (legislation), rolling back huge bureaucra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nudge Theory
Nudge theory is a concept in behavioral economics, decision making, behavioral policy, social psychology, consumer behavior, and related behavioral sciences that proposes adaptive designs of the decision environment (choice architecture) as ways to Social influence, influence the behavior and decision making, decision-making of groups or individuals. Nudging contrasts with other ways to achieve compliance, such as education, legislation or enforcement. The nudge concept was popularized in the 2008 book ''Nudge (book), Nudge: Improving Decisions About Health, Wealth, and Happiness'', by behavioral economist Richard Thaler and legal scholar Cass Sunstein, two American scholars at the University of Chicago. It has influenced British and American politicians. Several nudge units exist around the world at the national level (UK, Germany, Japan, and others) as well as at the international level (e.g. World Bank, United Nations, UN, and the European Commission). There is ongoing debate o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nash Equilibrium
In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed). The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly. If each player has chosen a strategy an action plan based on what has happened so far in the game and no one can increase one's own expected payoff by changing one's strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium. If two players Alice and Bob choose strategies A and B, (A, B) is a Nash equilibrium if Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B, and Bob has no other strategy available that does better than B at maximizing his payoff in response to Alice c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
