The Plant Guilty of Countless Tribulations :: Essays Papers

The Plant Guilty of Countless Tribulations Once upon a time, there was a boy who was waiting at the bus stop. The boy was a cigarette user. The boy asked the man next to him for a cigarette, and the man replied, â€Å"I don’t smoke that crap, I smoke the 'doobie.' † The boy asked, â€Å"What’s the â€Å"doobie†?† The man then handed the boy a joint and told him to hit it. The boy hit the joint 5 straight times. He was feeling great! He then hopped on the bus and all of a sudden he realized he was not feeling right. He seemed to be moving in slow motion. He tried reading a book but he couldn’t concentrate on the words. He eventually arrived to school, walked into his first period class, and had to take a big history test. By the time the class ended, time was up for the test, and the boy had to turn in the test incomplete. He had only answered nine of twenty-five questions. The moral of the story is people need to become more educated about marijuana. Marijuana has many different effects on its users, most of which are negative. The majority of the negative effects are directed to the brain. In the book, Cannabis and Cognitive Functioning, Nadia Solowij said, â€Å"The subjective effects of cannabis (marijuana) might be expected to decrease performance in situations where both perceptual accuracy and attention are important† (31). This decreased performance is a result of poor decision making. Marijuana not only has bad effects on the brain, but it also affects the mouth and the lungs. According to Alison Mack and Janet Joy, several reports have suggested that marijuana smokers are at greater risk than nonsmokers of developing cancers in tissue that come into contact with smoke, such as the lungs, mouth, larynx, pharynx, and esophagus (42). It is obvious that the effects of marijuana are lethal, and are not to be ignored. Marijuana can be deadly, and it is essential for the public to know that it is deadly, in order to prevent people from using the drug. Marijuana has both short-term effects and long-term effects; however, there are many more short-term effects than long-term effects. The primary short term effect marijuana has on the brain is memory loss. The Plant Guilty of Countless Tribulations :: Essays Papers The Plant Guilty of Countless Tribulations Once upon a time, there was a boy who was waiting at the bus stop. The boy was a cigarette user. The boy asked the man next to him for a cigarette, and the man replied, â€Å"I don’t smoke that crap, I smoke the 'doobie.' † The boy asked, â€Å"What’s the â€Å"doobie†?† The man then handed the boy a joint and told him to hit it. The boy hit the joint 5 straight times. He was feeling great! He then hopped on the bus and all of a sudden he realized he was not feeling right. He seemed to be moving in slow motion. He tried reading a book but he couldn’t concentrate on the words. He eventually arrived to school, walked into his first period class, and had to take a big history test. By the time the class ended, time was up for the test, and the boy had to turn in the test incomplete. He had only answered nine of twenty-five questions. The moral of the story is people need to become more educated about marijuana. Marijuana has many different effects on its users, most of which are negative. The majority of the negative effects are directed to the brain. In the book, Cannabis and Cognitive Functioning, Nadia Solowij said, â€Å"The subjective effects of cannabis (marijuana) might be expected to decrease performance in situations where both perceptual accuracy and attention are important† (31). This decreased performance is a result of poor decision making. Marijuana not only has bad effects on the brain, but it also affects the mouth and the lungs. According to Alison Mack and Janet Joy, several reports have suggested that marijuana smokers are at greater risk than nonsmokers of developing cancers in tissue that come into contact with smoke, such as the lungs, mouth, larynx, pharynx, and esophagus (42). It is obvious that the effects of marijuana are lethal, and are not to be ignored. Marijuana can be deadly, and it is essential for the public to know that it is deadly, in order to prevent people from using the drug. Marijuana has both short-term effects and long-term effects; however, there are many more short-term effects than long-term effects. The primary short term effect marijuana has on the brain is memory loss.

Investment and Risk Tolerance Essay

Question 1: How do the concepts of behavioral finance create opportunities for HelloWallet? The current financial advising sites such as HelloWallet as well as its competitors, such as Mint.com and Yodlee, provide budget and virtual financial advising service based purely on user bank transactions and spending category. The HelloWallet system allows the user to create and track customized budget plan. What is more important is that the system can automatically provide financial advice and saving tips by using data mining techniques. However, HelloWallet and its competitors do not provide any financial analysis and evaluation based on user behavior and their psychographic characteristics, such as user personality, values, attitudes, interests and risk tolerance in terms of willingness. These psychographic classifications are extremely relevant with regards to individual strategy and risk tolerance. Even with the similar bank transactions data and spending category, an investor background, past experience, personality and attitudes can make investment process unique for each individual. With the help of behavior finance theory, HelloWallet can build system to fit psychographic profiles to specific behavioral investor profile. As a result, a better understanding of user behavioral tendencies of spending and investment will help to provide better financial advice. An easy and quick way is to build online questionnaire to fit each individual into different behavioral investor types. There are several models we can use, Barnewall Two-way model, Bailard, Biehl, and Kariser Five model and Pompian model. We use Pompian models as an example. The major reason for promoting Pompian is because it is less time-consuming and less complex. Therefore, it will be easy to be implemented on an online system and require less time spent on filling out the survey (as we pointed out in challenge, it is not an easy task to ask online user to fill out survey with a lot of details). Pompian model identifies four behavioral investor types based on risk tolerance and active/passive scale: passive preserver, friendly follower, independent individualist and active accumulator. It is a top down approach which is more efficient and simple by categorizing users into passive and active, then further break down into four types based on their risk tolerance. With these information, the user of HelloWallet will be categorized based on their investment/spending behavior type. Based on these different types, the system can easily provide more tailored investment tips and products to users. For example, once a user behavior type is identified, the system can provide saving and investment tips accordingly. For example, when a user is identified to be a passive preserver whose risk tolerance is low and emotional, the system provides low risk financial products (excluding high risk ones), e.g., 2-year GICs. In addition, the system can try to persuade the soundness of these financial by focusing on elaborate the goal of these investment (what the terminate value will be and what type of investors these investments for). If investor specify a long term income need, the system can provide financial products on bond index fit their spending goal (contrary to the current systems which spam non-relevant financial products to all the users without differentiate their needs and risk). With the introduce of the behavior investor/user types into the systems, HelloWallet can extend their financial advising service from purely creating budget plan and providing saving tips to a more sophisticated investment approach that fits each individual unique needs and background. For example, HelloWallet is currently able to recommend a customer to apply for a visa with $500 cash points per year because excessive spending on grocery and large cash deposit 10,000 in the checking account. With the new behavior investor model, it can recommend the same individual to invest short term money markets products if his risk tolerance is low and require short term liquidity (with a list of the products from different dealer) or it can recommend user to buy equity income mutual fund if their risk tolerance is high and has no need for the cash for the near term. Another advantage and opportunity for the HelloWallet is that behavior finance is a relatively new concept and traditional financial advisor feel uncomfortable to ask customer these psychological questions face to face. It is much easier for the user to interact with a computer to fill out the questionnaire. This will help to collect more accurate information to build solid virtual financial advisor-client relations which also benefit the HelloWallet business in the long term as clients are tend to stick to the same â€Å"advisor†(in our case a virtual financial advisor – HelloWallet) if she/he understands clients’ needs better. Question 2: How do the concepts of behavioral finance create challenges for HelloWallet? HelloWallet’s system creates customized budget plans for the users based on traditional finance and on trend analysis. This poses a challenge to HelloWallet because they do not incorporate the behavioral aspects of their clients. This will lead to creating recommendations that are not suitable to all their clients. Many models have been developed over the years to incorporate behavioral finance traits in the client’s portfolios. There are four different models that attempt to explain the behavior of individuals and their implications on portfolio construction: The Consumption and Savings Model, the Behavioral Asset Pricing Model, the Behavioral Portfolio Theory and finally the Adaptive Markets Hypothesis. Empirical studies show that some investors exhibit mental accounting where they separate their investments in different accounts in their heads and assign them to different expenses, forgetting to look at them as one portfolio. In this instance this will cause a part of HelloWallet’s target market to refrain from using their software due to this behavioral trait. Clients that have regret aversion and have been suffering from mental accounting will be too scared to adopt HelloWallet’s service out of fear of realizing that they are in financial distress. Those clients do not have a serious desire and readiness to engage in an assessment of their personal financial health; therefore it will limit HelloWallet’s penetration of this market. This intertwines with cognitive dissonance, where people avoid facing financial reality. Statistics show that a vast majority of people suffers from that. People feel discomfort from receiving information that contradicts beliefs th at are entrenched in their personalities. Therefore, not wanting to face the idea that â€Å"things may not be ok† is a huge barrier for the adoption of HelloWallet by customers. Naturally humans are prone to resistance to change. They are programmed to stay in their comfort zone and stick to what they are familiar with. Having to take advice from a computer might not be something easily accepted. Moreover, regard to HelloWallet model, clients should incorporate all of their accounts including their assets and liabilities and update them if needed. This process could be a barrier for people suffering for status quo bias. In fact, this bias is an emotional bias in which people tend to do nothing instead of making change. This will affect Hellowallet in two ways. Firstly it will prevent people from registering, as they will prefer sticking with their old traditional way of managing their finance. Secondly, it will reduce the efficiency of the company model, as people will update their data less frequently making inaccurate any outcome from model of HelloWallet. The way HelloWallet collects clients’ information is via its software online. Users input their answers to HelloWallet’s questionnaire after which they will be categorized and given a budget plan. However individual circumstances change over time, and sometimes change abruptly. As the client moves across his life stages his information should be updated and changed accordingly, but this is not the case. Therefore HelloWallet might suffer from information processing bias known as Anchoring & Adjustment Bias. This will lead to the clients’ results being anchored to assumptions and information that does not hold true anymore. In fact, the Adaptive Market Hypothesis states that adapting is actually necessary for survival; thus, changes need to be applied to the software occasionally to improve chances of meeting clients’ goals. Anchoring and adjustment bias will make it more difficult for clients to adapt. If the users have a bad experience due to this bias, HelloWallet will start losing business to its competitors. Similarly the lack of personal interaction with customers will result in uncomfortable clients that will not understand the effects of short-term deprivation in relation to the overall long-term savings outcome. The lack of personal interaction will also destroy value. The company will not be able to build and maintain a consistent approach with its clients, if they are dealing with a computer. If there is no relationship building, the client will move to the competitor or just do his budget by himself after the first negative experience. It might not be sustainable, and might prove hard to retain customer value using this approach. In addition to that, research showed that people tend to behave impatiently today but plan to act patiently in the future. This is known as self-control bias. The all point of financial planning is to be able to help client to better allocate their financial resources to meet their short-term liabilities and goals while saving for future or long terms needs. The efficiency of HelloWallet advice on personal financial planning depends on how responsive client will be to their advice. In this case, this bias could be an issue, as clients will tend to choose what they prefer (short term satisfaction) instead of what suit best to their financial situation and neglect the long term.

Case Study Analysis Early Childhood. Chantiara L. Johnson.

Case Study Analysis: Early Childhood Chantiara L. Johnson Capella University Introduction Dawn is a four-year-old girl, who was raised by her two parents Terry and Bill. In the beginning of Dawn’s life, both parents were very attentive to her and the things that interested Dawn. They cared for her and played with her; even when Dawn would show resistance and frustration, they would be patient and understanding. Terry would manipulate Dawn out of her difficult temper by making her happy and distracting her with things and activities that she enjoyed. When Dawn was 3-years-old, her parents welcomed their second child, Darren. Darren was completely different then Dawn, because he was born with a†¦show more content†¦Instead of being able to do many task for Dawn, Terry now expects Dawn to be more independent than before. Identification of Theory As one looks within this case study, the theory of attachment is demonstrated throughout the whole study. Theorist John Bowlby defines attachment as a system, and not a specific set of behaviors (Broderick Blewitt, 2014). It is within this system that an infant and their caregivers bond becomes secure and made whole, allowing them to provide a haven when the infant is in distress. When Dawn was born, her parents both provided the warmth and comfort needed to create a secure attachment. Securely attached children can become upset when separated from their mother; however, when she returns the child will greet her warmly seeking comfort from her (Broderick Blewitt, 2014). Over time Dawn’s parents began to alter their priority from primarily on Dawn to every other thing within their lives, especially to Darren their youngest child. It was within this change that Dawn’s temperament and behavior began to change as well. The change of a child’s attachment can result from change within the family, the birth of a younger sibling, marriage or divorce, and relocation of schools or neighborhoods (Colin, 1991). The shift in Dawn’s attachment changes from secure to insecure, because of the new addition of her baby brother, and the lack of