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A Critical Analysis of Overconfidence as an Exp...
13,99 € *
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Studienarbeit aus dem Jahr 2013 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,0, Christian-Albrechts-Universität Kiel (Applied economics of the firm), Veranstaltung: Risk and Entrepreneurship, Sprache: Deutsch, Abstract: Friday, the 19th of October, 2012, the German newspaper "Handelsblatt" (Storbeck, 2012) titled: "Rethinking Economy". 15 young economists were introduced to be the new hope for economic science. One of them was Ulrike Malmendier whose first economic researches deal with managerial hubris. Introducing her is proofing the importance of a new economic domain called "behavioural economics". As a behavioural economist Malmendier criticises the "homo-economicus"-model and the idea of people acting entirely rational. In fact, people constantly display irrational behaviour that results out of cognitive biases (that distort their perception) and also results out of simple, but biased decision rules (heuristics) that the human mind implies. One of those cognitive biases is that people seem to be unreasonable overconfident. The study of overconfidence is originated in the psychological literature. Because of it's great impact on the behaviour of economic actors, it recently influences economic and finance literature (Benoît, Dubra, 2011) and significantly shapes the research activity in behavioural economics. The task of this essay is to critically analyse the role of overconfidence in a special economic domain: business entry decisions. The text is structured as follows:The first section shortly deals with the domain of business entry failures. In the subsequent chapters, overconfidence is introduced as a possible explanation. It is to explain what overconfidence is and how it arises. The text then reviews the paper of Camerer and Lovallo (1999) and critically analyses overconfidence as an explanation for excess entry and high rates of business failure. At last, it will take a further look at the future research tasks.

Anbieter: Dodax
Stand: 05.12.2020
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International Capital Flows: Economic Impact an...
42,80 € *
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Diploma Thesis from the year 2000 in the subject Economics - Finance, grade: 1, Christian-Albrechts-University of Kiel, language: English, abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture.Regarding the first aspect, many observers have been influenced by the recent hype about "globalisation" and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising.With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls.With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile's economic success story in the last decade can be explained by factors other than its control regime.The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea - even less so, if they delay necessary macro- and microeconomic reforms.

Anbieter: Dodax
Stand: 05.12.2020
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Luther-Rezeption
85,90 CHF *
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Luthers Resonanz und Wirkung in Deutschland und Europa. Neuere, teilweise unver¿ffentlichte Aufs¿e (1984-2000) des G¿ttinger Kirchenhistorikers. Die Aufs¿e dieses Bandes behandeln das historische Problem, wie aus der Einzelperson Martin Luther die geschichtliche Bewegung der Reformation geworden ist. Die kirchenhistorische Perspektive des Bandes tr¿ der Gegebenheit Rechnung, dass die Gesellschaft in Deutschland und Europa im 16. Jahrhundert beinahe ausschlie¿ich aus Christen bestand und die reformatorische Neubewertung von christlichem Glauben und Kirche die ganze Gesellschaft in ihren Bann zog. Der Begriff der 'Luther-Rezeption' ist weit gefasst. Im Allgemeinen allerdings ist die zeitgen¿ssische Rezeption gemeint, vorwiegend die der fr¿hen Jahre, als von der 'lutherischen Leer' landauf, landab die Rede war und entsprechend von altgl¿iger Seite von der 'lutherischen Sect' (P. Blickle). Auch geht es dementsprechend in der Regel nur um Deutschland und das deutsche Sprachgebiet, wozu allerdings der Aufsatz 'Luther in Europa' einen deutlichen Kontrast bildet. An einigen Stellen finden sich Ausblicke in die weitere Zukunft. Der Band erscheint aus Anlass des 70. Geburtstags des Autors. Summary Essays on Martin Luther's impact on the Reformation process in Germany and in Europe - written by an internationally renowned scholar. Der Autor Dr. Dr. h.c. Bernd Moeller ist emeritierter Professor an der Universit¿G¿ttingen. Der Herausgeber Dr. Dr. Johannes Schilling ist Professor f¿r Kirchengeschichte an der Universit¿Kiel.

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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Distributional Regularities of Financial Returns
17,90 CHF *
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Seminar paper from the year 2008 in the subject Economics - Finance, grade: 1,7, Christian-Albrechts-University of Kiel, language: English, abstract: There is a long tradition of scholars seeking to understand the distributional regularities of financial returns. Research traces back to the turn of the 19th century. Since then, it underwent a lot of drastic changes, which are to be shown in this paper. The aim of this paper is to show theoretical models that account for the distributional regularities in financial returns as well as to illustrate the empirical analysis. It is necessary to understand the evolution of research on this topic because it came about in a consecutive manner. Thus, this paper will document over one hundred years of research on distributional properties of financial returns. The second chapter will start with the results of Louis Bachelier and his normal distribution hypothesis. Then it will describe Benoît Mandelbrot's groundbreaking results, which rejected Bachelier's normal hypothesis and introduced the Lévy-stable distributions. Mandelbrot's work had such an impact that it will be described in greater detail. The third chapter will present the results of research that followed after Mandelbrot's findings. It will also display and explain the results of recent research.

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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Implementation, Usage and Advantages of Cloud C...
32,90 CHF *
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Master's Thesis from the year 2012 in the subject Engineering - Mechanical Engineering, grade: 2,0, Kiel University of Applied Sciences (Maschinenbau), course: Industrial Engineering, language: English, abstract: This new field of technology opens room for practical applications in all business areas and industries. This master thesis will analyze the possible usage, impact, advantages and disadvantages of CC in Project Management (PM) theory and along the applied PM along an example project in the German Offshore Wind Industry.

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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International Capital Flows: Economic Impact an...
55,90 CHF *
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Diploma Thesis from the year 2000 in the subject Economics - Finance, grade: 1, Christian-Albrechts-University of Kiel, language: English, abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about 'globalisation' and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile's economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea - even less so, if they delay necessary macro- and microeconomic reforms.

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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Bridging Divides
326,00 CHF *
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Maritime canals dissolve natural barriers to the dispersal of marine organisms, thus providing novel opportunities for natural dispersal, as well as for shipping-mediated transport. The introduction of alien species has proved to be one of the most profound and damaging of anthropogenic deeds - with both ecological and economic costs. This book is the first to assess the impacts of the world’s three principal maritime canals – the Kiel, the Panama, the Suez – as invasion corridors for alien biota. These three canals differ in their hydrological regimes, the types of biotas they connect, and in their permeability to invasions. Dr. Stephan Gollasch was involved in the first European ship sampling programme on ballast water, tank sediments and ship hull fouling (1992-1996). His PhD is world-wide the first thesis based on ballast water sampling. In addition to laboratory and desk studies he spent more than 125 days at sea during several biological surveys and joint ships on their voyages through the Kiel and Suez Canals. Due to the international aspect of biological invasions Dr. Gollasch became a member of several international working groups: International Council for the Exploration of the Sea (ICES); International Maritime Organization (IMO), and the Baltic Marine Biologists (BMB). As an independent consultant he is today involved projects related to biological invasions (e.g. ballast water treatment, ship sampling, risk assessment). Recently he was involved in the development of risk assessments and ballast water management scenarios for the European Atlantic coast, North, Baltic, Caspian and Mediterranean Seas. Dr. Bella Galil is a Senior Research Scientist at the National Institute of Oceanography, Israel. Her main research interests are the anthropogenic changes occurring in the Levantine marine biota, and the impact of alien species on the Mediterranean ecosystem. She has conducted numerous studies and surveys off the Israeli coast monitoring the benthic biota from the intertidal to the bathyal. She co-chairs the scientific committee of marine ecosystems of the International Commission for Scientific Exploration of the Mediterranean (CIESM), and is a member of the Invasive Species Scientific Committee, IUCN. Galil published over 130 papers in scientific journals and co-edited a volume of the 'CIESM Atlas of Exotic species in the Mediterranean'. Recently she coordinated the drafting of Guidelines for controlling the vectors of introduction into the Mediterranean of non-indigenous species and invasive marine species for the UNEP Mediterranean Action Plan Regional Activity Centre for Specially Protected Areas RAC/SPA. Dr. Andrew Cohen is the Director of the Biological Invasions Program at the San Francisco Estuary Institute in Oakland, California. His research has focused on the extent, impacts and vectors of aquatic invasions. He has organized and led rapid assessment surveys for exotic marine species in various localities including one at both ends of the Panama Canal. He helped write California's first ballast water law in 1999, and recently helped develop ballast water discharge standards for the state that seem likely to be enacted this year. He also drafted a petition from the research community that led to a U.S. ban on importing the 'Killer Seaweed' Caulerpa taxifolia, and provided technical assistance to a recently successful lawsuit that will force ballast water discharges into U.S. waters to be regulated as biological pollutants under the U.S. Clean Water Act. For his work he has received a Pew Marine Conservation Fellowship and the San Francisco BayKeeper's Environmental Achievement Award.  

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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The Decorative Art of the Indians of the North ...
24,90 CHF *
zzgl. 3,50 CHF Versand

This early work by Franz Boas was originally published in 1897 and we are now republishing it with a brand new introductory biography. 'The Decorative Art of the Indians of the North Pacific Coast' is an analysis of the various carving techniques and symbolism present in Native American art. Franz Boas was born on July 9th 1958, in Minden, Westphalia. Even though Boas had a passion the natural sciences, he enrolled at the University at Kiel as an undergraduate in Physics. Boas completed his degree with a dissertation on the optical properties of water, before continuing his studies and receiving his doctorate in 1881. Boas became a professor of Anthropology at Columbia University in 1899 and founded the first Ph.D program in anthropology in America. He was also a leading figure in the creation of the American Anthropological Association (AAA). Franz Boas had a long career and a great impact on many areas of study. He died on 21st December 1942.

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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Wirkungsmonitoring als Instrument der Erfolgsko...
14,90 CHF *
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Diplomarbeit aus dem Jahr 2007 im Fachbereich Geowissenschaften / Geographie - Wirtschaftsgeographie, Note: 1,0, Christian-Albrechts-Universität Kiel (Geographisches Institut), 79 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: The purpose of this paper is to introduce impact monitoring as a tool of assessing improvement in development projects with a focus on sustainable management of natural resources at municipal level. The impact monitoring system is introduced in theory as well as in practice on the basis of project examples in South Africa. The South African Government identified inappropriate utilization of natural resources leading to degradation and impacting negatively on the economic potential and on biodiversity of rural areas as a main obstacle for development. This overexploitation and degradation of the natural resources due to lack of alternative opportunities for subsistence and income generation finally reduces further income generating opportunities in the long term. This lead to an innovative, participatory conservation approach called Community-Based Natural Resource Management (CBNRM). CBNRM attempts, simultaneously, to secure rural people's livelihoods, improve the natural resource base, and to strengthen local governance potential. In contrast to earlier strategies which have dealt with resource protection and/or nature conservation, now the community with its ecological as well as economic problems takes centre stage. In this context a paradigm shift from nature conservation and resource protection at all costs to nature conservation and resource protection for and by the local population has taken place. Therefore, the community itself is the centre of the support measures.

Anbieter: Orell Fuessli CH
Stand: 05.12.2020
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