Paradox of Affluence
3 Pages

Paradox of Affluence

Course Number: PSYCH 202, Spring 2012

College/University: University of Phoenix

Word Count: 356

Rating:

Document Preview

1 Paradox of Affluence Chari Kelley PSY 220 August 5, 2012 University of Phoenix 2 Paradox of Affluence When researchers refer to the paradox of affluence they are referring to how America has became more interested with material possessions then with family or themselves. Instead of us being happy with what we have we continue to try and get more and more. Author Barry Schwartz argues that high levels of choice...

Unformatted Document Excerpt
Coursehero >> Arizona >> University of Phoenix >> PSYCH 202

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

of 1 Paradox Affluence Chari Kelley PSY 220 August 5, 2012 University of Phoenix 2 Paradox of Affluence When researchers refer to the paradox of affluence they are referring to how America has became more interested with material possessions then with family or themselves. Instead of us being happy with what we have we continue to try and get more and more. Author Barry Schwartz argues that high levels of choice within a society encourage a maximizing philosophy that increases the pressure to choose the best possible option, rather than be content with a good enough choice by following what he calls a satisficing policy (Baumgardner & Crothers, 2009). Life offers so much more choices than it did in the 1950s this is sometimes difficult for one to stay on a chosen path. As with a college student who continuously changes their major, I myself have been in this situation before. I found it problematic to decide on what career path to choose or what car to drive. We as Americans want the best and many will spend their last have to it. Its as if we all want to be one step up from our neighbors or friends instead of us all being comfortable with what we have or working together to gain more. Christmas has lost its meaning because we have replaced it with the perfect gift instead of the traditional family celebration and its religious meaning Baumgardner & Crothers, 2009). Lacking insufficient funds that help attain basic needs can be very stressful. Once we attain the basic needs in life such as sufficient income to provide us with health care, sanitation, nutrition and housing our happiness will shift to other areas in our life (Baumgardner & Crothers, 2009). This is when Maslows hierarchy of human needs come into play. He believed that achieving higher goals for ones self was put on hold until basic needs had been met. Once those needs had been met then our wealth had risen and our happiness had been fulfilled. 3 Reference Baumgardner, S. R., & Crothers, M. K. (2009). Positive Psychology. Upper Saddle River, NJ: Prentice Hall.

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Texas A&M - COMM - 100
15 Questions1. Tell me about yourself.I am currently a student at Cy-Fair high school. Im a very optimistic and cooperativeperson who is willing to make a positive impact on others.2. What are your strengths?Because of my knowledge and experience, I
Texas A&M - COMM - 100
05/10/2012Dat Le10418 Lyndon Meadows DrHouston, TX 77095Gannett WelshOwnerTexas Roadhouse13345 FM 1960 Road WestHouston, TX 77065Dear Mr. Gannett:My name is Dat Le and I would like to express my interest in working as the host at TexasRoadhouse
Texas A&M - COMM - 100
05/10/2012Dat Le10418 Lyndon Meadows DrHouston, TX 77095Gannett WelshOwnerTexas Roadhouse13345 FM 1960 Road WestHouston, TX 77065Dear Mr. Gannett:Thank you so much for giving me a great opportunity to discuss the host position with you atTexas
Texas A&M - ENGL - 100
Dat LeMs ColwellEnglish VI 6thSeptember 1, 2011Characterization of Miss BrillIn the short and emotional story "Miss Brill" by Katherine Mansfield, the characterization as well assymbolism elements were used to represent the theme of loneliness. The
Texas A&M - ENGL - 100
Dat LeMs ColwellEnglish IV 6thSeptember 22, 2011Setting analysis of Where Are You Going, Where Have You Been?In the suspenseful short story, Where Are You Going, Where Have You Been? by JoyceCarol Oates, the setting provides evidence of the authors
Texas A&M - ENGL - 100
Point of ViewThe Catcher in the Rye, published in 1951, by J.D. Salinger is a very profound novel. Theauthor uses first person narration to tell the story, Where I want to start telling is the day I leftPency Prep. (Salinger 2)By using first person na
Texas A&M - ENGL - 100
SettingIn the beginning of chapter II, Holden Caulfield, the main character of the story, mentionedthat he's seventeen now and was sixteen "last year around Christmas" when he left Pencey Prepand bummed around the New York city for three days. It sugge
Texas A&M - ENGL - 100
ThemeIn the compassionate novel The Catcher In The Rye by J.D Salinger, the protagonistHolden Caulfield views his surroundings with contempt and hypocrisy in order to avoid thecorruption of adulthood.From being lonely, isolated to being suspended from
Texas A&M - MATH - 141
1c Kathryn Bollinger, August 28, 20111.5 - Method of Least SquaresIdea : You have collected or been given a set of data and you want to nd the line that best tsthe data. A way to nd this line is the Method of Least Squares.Find the best-tting line to
Texas A&M - MATH - 141
1c Kathryn Bollinger, August 28, 20112.1 - Systems of Linear EquationsThe solution of an equation is the value(s) of the variable(s) that make the equation true.Ex: For the equation x + 2y 3z = 8,(a) Find a general solution if x = a and y = b.(b) Fi
Texas A&M - MATH - 141
1c Kathryn Bollinger, May 30, 20112.4 - MatricesMatrix Algebra Equality: Two matrices are equal if they are the same size and their corresponding entriesare equal.Ex: Find x, y and z if1437=1 (x 2)y yz Addition/Subtraction: Two matrices are ad
Texas A&M - MATH - 141
1c Kathryn Bollinger, May 30, 20112.5 - Multiplication of MatricesEx: Let A =1234and B = 1025Find AB .Find BA.What do you notice about the order in which you multiply?Ex: Let A =Find AB .Find BA.1234and B =abcdef2c Kathryn Bollinger,
Texas A&M - MATH - 141
1c Kathryn Bollinger, May 30, 20112.6 - The Inverse of a Square MatrixThe inverse of a square matrix is similar to the reciprocal of a real number. The reciprocal of a real1number, a, is a = a1 and has the property that aa1 = a1 a = 1 (the multiplica
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 6, 20113.1 - Graphing Systems of Linear Inequalities in Two VariablesRecall : An equation of a line can be expressed as ax + by + c = 0.A linear inequality can be expressed as:ax + by + c < 0ax + by + c > 0ax + by + c 0a
Texas A&M - MATH - 141
c Kathryn Bollinger, June 6, 201113.2 - Linear Programming (LP) ProblemsA linear programming problem consists of a linear objective function to be maximized orminimized subject to certain constraints, in the form of linear equations or inequalities.S
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 7, 20113.3 - Graphical Solution of Linear Programming ProblemsEx 1: Solve the following LP problem.OBJ: Max P = 4x + 3ySUBJECT TO: 2x + y 102x + 3y 18x 0, y 0In order to nd a solution, we need to nd all the point(s), (x,
Texas A&M - MATH - 141
c Kathryn Bollinger, October 4, 201116.1 - Sets and Set OperationsSet Terminology and NotationSet: a well-dened collection of objectsElements: objects in a setNotationRoster Notation: all elements are listed (like names on a roster)Ex: F = cfw_1,
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 10, 20116.2 - The Number of Elements in a Finite Setn(A) denotes the number of elements in set AEx: A = cfw_0, 1, 5, 7B = cfw_0, 1, 2, . . . , 15C = cfw_If A and B are disjoint sets, then n(A B ) = n(A) + n(B ).Ex: A = c
Texas A&M - MATH - 141
c Kathryn Bollinger, June 7, 201116.3 - The Multiplication PrincipleMultiplication Principle: Suppose there are n tasks (T1 , T2 , . . . , Tn ) that can each be performedin N1 , N2 , . . . , Nn ways, respectively. Then, the number of ways of performin
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 9, 20116.4 - Permutations and CombinationsPermutationsArranging objects in a DEFINITE ORDER!Ex: Find the number of permutations of the set A = cfw_7, 8, 9 and list them.Ex: Find the number of ways a group of ve people can
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 9, 20117.1 - Experiments, Sample Spaces, and EventsExperiment: an activity with observable resultsOutcomes: the results of an experimentExamples of Experiments: Tossing a coin and recording the side landing up. Rolling a
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 17, 20117.2 - Denition of Probabilitymif in n trials of an experiment, E occurs m times.nIf the relative frequency of event E approaches a certain value as the number of trials in theexperiment becomes larger, then we obt
Texas A&M - MATH - 141
c Kathryn Bollinger, June 17, 201117.3 - Rules of ProbabilityLet S be a sample space of an experiment and suppose E and F are events of the experiment.Then,1. 0 P (E ) 1 for any E2. P (S ) = 13. If E and F are mutually exclusive, then P (E F ) = P
Texas A&M - MATH - 141
c Kathryn Bollinger, June 21, 201118.1 - Distributions of Random VariablesRandom Variable (X ): a rule that assigns a number to each outcome of a chance experimentEx: Toss a fair coin two times. Let the random variable X denote the number of heads tha
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 21, 20118.2 - Expected ValueThe average (mean) of n numbers x1 , x2 , . . . , xn is given byx=x1 + x2 + + xnnEx: A survey was conducted among 58 households to nd data concerning the number of TVs perhousehold.Number of
Texas A&M - MATH - 141
1c Kathryn Bollinger, October 14, 20118.3 - Variance and Standard Deviation0.50.50.250.25123456123456Variance: a measure of the degree of dispersion, or spread, of a probability distribution about itsmeanGiven the probability distribu
Texas A&M - MATH - 141
c Kathryn Bollinger, June 22, 201118.4 - The Binomial DistributionEx: You are given a multiple choice quiz with 3 questions, each having answer choices (a) - (e).If you randomly guess on each question, what is the probability that you answer exactly 2
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 28, 2011Chapter 5 - Finance5.1 - Compound InterestSimple Interest: Interest earned on the original investment amount onlyIf P dollars (called the principal or present value) earns interest at a simple interest rate of r per
Texas A&M - MATH - 141
1c Kathryn Bollinger, June 22, 20117.5/7.6 - Conditional Probability, Bayes Theorem, and Independent EventsIdea: You have prior information regarding the occurrence of a particular event of an experiment.Hence, the probability of another event occurri
Texas A&M - MATH - 141
1c Kathryn Bollinger, November 15, 20118.5 / 8.6 - The Normal Distribution & ApplicationsFinite discrete random variables take on a nite number of values and, thus, their probabilities canbe written in the form of a table and viewed in a probability h
Texas A&M - MATH - 141
1c Kathryn Bollinger, August 28, 20112.2/2.3 - Solving Systems of Linear EquationsA Brief Introduction to MatricesMatrices are used to organize data eciently and will help us to solve systems of linear equations.Matrices are usually denoted by a capi
Texas A&M - MATH - 141
1c Kathryn Bollinger, October 20, 20097.4: Using Counting Techniques in ProbabilityLet E be any event of a uniform sample space S . Then,P (E ) =n(E )Number of Outcomes in E=n(S )Number of Outcomes in S*It is sometimes necessary to use counting
Texas A&M - MATH - 141
Solve the following system:3x + 2 y = 1 7 x 2 y = 1Using matrices (with augmented matrix in [A]) and matrix commands on the calculatorunder MATRIX MATH , we have the following:213 7 2 11 / 3R1 R1 1 2 / 3 1 / 3 7 2 1 7 R1 + R2 R21 2 / 3 1 / 3
Davenport - FINC - 215
Week 5 Problem Solutions Excel:Chapter 17:Problem 1:Number of shares owned:Shares per Option Contract:Purchase price of stock:Option Premium:Option Strike Price Purchased:Selling price of stock:Number of options sold:40010066.3857057.382G
Davenport - FINC - 212
PROBLEM 11-12 TEMPLATESimonsen Village Balance Sheet Governmental Funds As of December 31, 2006Fund Assets Cash Real estate taxes receivable, net State grants receivable Due from other funds Total assets Liabilities and fund balances Liabilities: Accoun
Davenport - FINC - 212
A Partial balance sheet and income statement for King Corporation follow:King CorporationPartial Balance Sheet31-Dec-07AssetsCurrent AssetsCashMarketable securitiesTrade receivables, less allowance of $6,000Inventories, LIFOPrepaid Expenses$33,
Harvard - FINC - 320
14-1 Suppose a hedge fund provides that the management fees are 1 percent of the total assetsplus 20 percent of the profits annually. The gross returns are show below20082009201020112012End of year125,000,000????assetsGross return12%-3%18
Harvard - FINC - 320
3.3-The Ethical Responsibilities Required of you as a ManagerWhat does a successful manager need to know about ethics and value?Big Picture: Managers need to be aware of what constitutes ethics, values, the fourapproaches to ethical dilemmas, and how o
Davenport - FINC - 222
Calculate the convexity of ABC bond.CompanyYearCouponPriceYTMABC4109810.63DEF898711.53GHI221110210.76JKL28109011.17
Davenport - FINC - 403
Best Buy Co., Inc.s consolidated balance sheets from its 2009 annual report arepresented in Exhibit 5-3.Requireda. Using the balance sheets, prepare a vertical common-size analysis for 2009 and 2008.Use total assets as a base.b. Using the balance she
Davenport - FINC - 403
Assume the following facts for the current year:Net income .$200,000Common dividends .$ 20,000Preferred dividends (The preferred stock is not convertible.) $ 10,000Common shares outstanding on January 1 .20,000 sharesCommon stock issued on July 1 .5,
Davenport - FINC - 403
Anne Elizabeth Corporation is engaged in the business of making toys. A high percentageof its products are sold to consumers during November and December. Therefore,retailers need to have the toys in stock prior to November. The corporation produces on
Davenport - FINC - 403
The following data relate to inventory for the year ended December 31, 2009. A physicalinventory on December 31, 2009, indicates that 600 units are on hand and that they camefrom the July 1 purchase..:.RequiredCompute the cost of goods sold for the y
Davenport - FINC - 403
For the year ended June 30, 2009, A.E.G. Enterprises presented the financial statementsshown below. Early in the new fiscal year, the officers of the firm formalized asubstantial expansion plan. The plan will increase fixed assets by $190 million. Inad
Davenport - FINC - 403
Day Ko Incorporated presented the following comparative income statements for 2009 and 2008:.:.Other relevant financial information follows:.:.Requireda. How did 2009 net sales compare with 2008?b. How did 2009 net earnings compare with 2008?c. Cal
Davenport - FINC - 403
BBB Companys balance sheet and income statement follow:.:..:.Requireda. Prepare a statement of cash flows for the year ended December 31, 2009. (Present the cashflows from operations using the indirect method.)b. Comment on the statement of cash flo
Davenport - FINC - 403
The income statement and other selected data for Boyer Company follow:.:.Requireda. Prepare a schedule of change from an accrual basis to a cash basis income statement.b. Using the schedule of change from accrual basis to cash basis income statement c
Davenport - FINC - 403
Chapter 10Using economics toAgendaReview testsDiscuss Race & Ethnicity ConferenceSchedule for last two weeksStart Chapter 10 discussion ofhealthcareRace and EthnicityConferenceWhat did you learn?Can you think of any connectionsbetween what you
Harvard - FINC - 403
Consecutive five-year balance sheets and income statements of Donna Szabo Corporation areshown below and on the following page.Requireda. Compute or determine the following for the years 20052009:1. Degree of financial leverage2. Earnings per common
Harvard - FINC - 403
Allen Company and Barker Company are competitors in the same industry. Selectedfinancial data from their 2009 statements follow..:.Requireda. Compute the following ratios for each company:1. Times interest earned2. Debt ratio3. Debt/equity ratio4.
Harvard - FINC - 403
Ahl Enterprise lists the following data for 2009 and 2008:.:.RequiredCalculate the net profit margin, return on assets, total asset turnover, and return on commonequity for both years. Comment on the results. (For return on assets and total asset turn
Davenport - FINC - 221
CHAPTER10TheCostofCapitalSourcesofcapitalComponentcostsWACCAdjustingforflotationcostsAdjustingforrisk101Whatsourcesoflongtermcapitaldofirmsuse?LongTermCapitalLongTermCapitalLongTermDebtLongTermDebtPreferredStockPreferredStockCommonStockCo
Davenport - FINC - 221
Chapter Three Test BankChapter ThreeSetting Portfolio ObjectivesA1. Two dominant factors contributing to a successful investment program area. suitable investment objectives and policy, and successful managersb. suitable investment objectives and ri
Davenport - FINC - 221
Chapter 2Securities Marketsand TransactionsCopyright 2011 Pearson Prentice Hall. All rights reserved.Securities Markets and Transactions Learning Goals1. Identify the basic types of securities markets anddescribe their characteristics.2. Explain t
Grand Rapids CC - BA - 254
BUSINESS LAW TODAYEssentials 9th Ed.EssentialsRoger LeRoy Miller - Institute for University Studies, Arlington, TexasGaylord A. Jentz - University of Texas at Austin, EmeritusChapter4Torts and Cyber Torts 2011 Cengage Learning. All Rights Reserved
Grand Rapids CC - BA - 254
BUSINESS LAW TODAYEssentials 9th Ed.EssentialsRoger LeRoy Miller - Institute for University Studies, Arlington, TexasGaylord A. Jentz - University of Texas at Austin, EmeritusChapter6Criminal Law 2011 Cengage Learning. All Rights Reserved. May not
Grand Rapids CC - BA - 254
BUSINESS LAW TODAYEssentials 9th Ed.EssentialsRoger LeRoy Miller - Institute for University Studies, Arlington, TexasGaylord A. Jentz - University of Texas at Austin, EmeritusChapter8Contracts: Nature,Classification,Agreement, andConsideration
Grand Rapids CC - BA - 254
BUSINESS LAW TODAYEssentials 9th Ed.EssentialsRoger LeRoy Miller - Institute for University Studies, Arlington, TexasGaylord A. Jentz - University of Texas at Austin, EmeritusChapter9Contracts: Capacity,Legality, Assent, andForm 2011 Cengage Lea
Grand Rapids CC - BA - 254
BUSINESS LAW TODAYEssentials 9th Ed.EssentialsRoger LeRoy Miller - Institute for University Studies, Arlington, TexasGaylord A. Jentz - University of Texas at Austin, EmeritusChapter13Warranties, ProductLiability, and ConsumerLaw 2011 Cengage Le
Grand Rapids CC - BA - 254
CHAPTER 8FLEXIBLE BUDGETS, VARIANCES,AND MANAGEMENT CONTROL: II8-1Effective planning of variable overhead costs involves:1. Planning to undertake only those variable overhead activities that add value forcustomers using the product or service, and2
Davenport - FINC - 224
Solutions to Chapter 11 Risk, Return, and Capital Budgeting 1. a. False. Investors require higher expected rates of return on investments with high market risk, not high total risk. Variability of returns is a measure of total risk. Stocks with high total