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An Analysis of W. Chan Kim and Renée Mauborgne's Blue Ocean Strategy How to Create Uncontested Market Space

An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty Heuristics and Biases

An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty Heuristics and Biases

Amos Tversky and Daniel Kahneman’s 1974 paper ‘Judgement Under Uncertainty: Heuristics and Biases’ is a landmark in the history of psychology. Though a mere seven pages long it has helped reshape the study of human rationality and had a particular impact on economics – where Tversky and Kahneman’s work helped shape the entirely new sub discipline of ‘behavioral economics. ’ The paper investigates human decision-making specifically what human brains tend to do when we are forced to deal with uncertainty or complexity. Based on experiments carried out with volunteers Tversky and Kahneman discovered that humans make predictable errors of judgement when forced to deal with ambiguous evidence or make challenging decisions. These errors stem from ‘heuristics’ and ‘biases’ – mental shortcuts and assumptions that allow us to make swift automatic decisions often usefully and correctly but occasionally to our detriment. The paper’s huge influence is due in no small part to its masterful use of high-level interpretative and analytical skills – expressed in Tversky and Kahneman’s concise and clear definitions of the basic heuristics and biases they discovered. Still providing the foundations of new work in the field 40 years later the two psychologists’ definitions are a model of how good interpretation underpins incisive critical thinking. | An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty Heuristics and Biases

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An Analysis of James Surowiecki's The Wisdom of Crowds Why the Many are Smarter than the Few and How Collective Wisdom Shapes Business Econ

An Analysis of Stanley Milgram's Obedience to Authority An Experimental View

An Analysis of Stanley Milgram's Obedience to Authority An Experimental View

Stanley Milgram is one of the most influential and widely-cited social psychologists of the twentieth century. Recognized as perhaps the most creative figure in his field he is famous for crafting social-psychological experiments with an almost artistic sense of creative imagination – casting new light on social phenomena in the process. His 1974 study Obedience to Authority exemplifies creative thinking at its most potent and controversial. Interested in the degree to which an “authority figure” could encourage people to commit acts against their sense of right and wrong Milgram tricked volunteers for a “learning experiment” into believing that they were inflicting painful electric shocks on a person in another room. Able to hear convincing sounds of pain and pleas to stop the volunteers were told by an authority figure – the “scientist” – that they should continue regardless. Contrary to his own predictions Milgram discovered that depending on the exact set up as many as 65% of people would continue right up to the point of “killing” the victim. The experiment showed he believed that ordinary people can and will do terrible things under the right circumstances simply through obedience. As infamous and controversial as it was creatively inspired the “Milgram experiment” shows just how radically creative thinking can shake our most fundamental assumptions. | An Analysis of Stanley Milgram's Obedience to Authority An Experimental View

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An Analysis of Stephen Greenblatt's Renaissance Self-Fashioning From More to Shakespeare

An Analysis of Elizabeth F. Loftus's Eyewitness Testimony

An Analysis of John Berger's Ways of Seeing

An Analysis of Antonio Gramsci's Prison Notebooks

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An Analysis of Friedrich Hayek's The Road to Serfdom

An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street

An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street

Burton Malkiel’s 1973 A Random Walk Down Wall Street was an explosive contribution to debates about how to reap a good return on investing in stocks and shares. Reissued and updated many times since Malkiel’s text remains an indispensable contribution to the world of investment strategy – one that continues to cause controversy among investment professionals today. At the book’s heart lies a simple question of evaluation: just how successful are investment experts? The financial world was and is full of people who claim to have the knowledge and expertise to outperform the markets and produce larger gains for investors as a result of their knowledge. But how successful Malkiel asked are they really? Via careful evaluations of performance – looking at those who invested via ‘technical analysis’ and ‘fundamental analysis’ – he was able to challenge the adequacy of many of the claims made for analysts’ success. Malkiel found the major active investment strategies to be significantly flawed. Where actively managed funds posted big gains one year they seemingly inevitably posted below average gains in succeeding years. By evaluating the figures over the medium and long term indeed Malkiel discovered that actively-managed funds did far worse on average than those that passively followed the general market index. Though many investment professionals still argue against Malkiel’s influential findings his exploration of the strengths and weaknesses of the argument for believing investors’ claims provides strong evidence that his own passive strategy wins out overall. | An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street

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An Analysis of William Cronon's Nature's Metropolis Chicago and the Great West

An Analysis of William Cronon's Nature's Metropolis Chicago and the Great West

What caused the rise of Chicago and how did the city's expansion fuel the westward movement of the American frontier – and influence the type of society that evolved as a result? Nature's Metropolis emerged as a result of William Cronon asking and answering those questions and the work can usefully be seen as an extended example of the critical thinking skill of problem-solving in action. Cronon navigates a path between the followers of Frederick Jackson Turner author of the thesis that American character was shaped by the experience of the frontier and revisionists who sought to suggest that the rugged individualism Turner depicted as a creation of life in the West was little but a fiction. For Cronon the most productive question to ask was not whether or not men forged in the liberty-loving furnace of the Wild West had the sort of impact on America that Turner posited but the quite different one of how capitalism and political economy had combined to drive the westward expansion of the US. For Cronon individualism was scarcely even possible in a capitalist machine in which humans were little more than cogs and the needs and demands of capital not capitalists prevailed. Nature's Metropolis then is a work in which the rise of Chicago is explained by generating alternative possibilities and one that uses a rigorous study of the evidence to decide between competing solutions to the problem. It is also a fine work of interpretation for a large part of Cronon's argument revolves around his attempt to define exactly what is rural and what is urban and how the two interact to create a novel economic force. | An Analysis of William Cronon's Nature's Metropolis Chicago and the Great West

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An Analysis of Geoffrey Parker's Global Crisis War Climate Change and Catastrophe in the Seventeenth Century

An Analysis of Geoffrey Parker's Global Crisis War Climate Change and Catastrophe in the Seventeenth Century

Few historians can claim to have undertaken historical analysis on as grand a scale as Geoffrey Parker in his 2013 work Global Crisis: War Climate Change and Catastrophe in the Seventeenth Century. It is a doorstop of a book that surveys the ‘general crisis of the 17th century ’ shows that it was experienced practically throughout the world and was not merely a European phenomenon and links it to the impact of climate change in the form of the advent of a cold period known as the ‘Little Ice Age. ’ Parker’s triumph is made possible by the deployment of formidable critical thinking skills – reasoning to construct an engaging overall argument from very disparate material and analysis to re-examine and understand the plethora of complex secondary sources on which his book is built. In critical thinking analysis is all about understanding the features and structures of argument: how given reasons lead to conclusions and what kinds of implicit reasons and assumptions are being used. Historical analysis applies the same skills to the fabric of history asking how given chains of events occur how different reasons and factors interact and so on. Parker though takes things further than most in his quest to understand the meaning of a century’s-worth of turbulence spread across the whole globe. Beginning by breaking down the evidence for significant climatic cooling in the 17th-century (due to decreased solar activity) he moves on to detailed study of the effects the cooling had on societies and regimes across the world. From this detailed spadework he constructs a persuasive argument that accounts for the different ways in which the effects of climate change played out across the century – an argument with profound implications for a future likely to see serious climate change of its own. | An Analysis of Geoffrey Parker's Global Crisis War Climate Change and Catastrophe in the Seventeenth Century

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An Analysis of Ernest Gellner's Nations and Nationalism

An Analysis of Ernest Gellner's Nations and Nationalism

To the dismay of many commentators – who had hoped the world was evolving into a more tolerant and multicultural community of nations united under the umbrellas of supranational movements like the European Union – the nationalism that was such a potent force in the history of the 20th-century has made a comeback in recent years. Now more than ever it seems important to understand what it is how it works and why it is so attractive to so many people. A fine place to start any such exploration is with Ernest Gellner's seminal Nations and Nationalism a ground-breaking study that was the first to flesh out the counter-intuitive – but enormously influential – thesis that modern nationalism has little if anything in common with old-fashioned patriotism or loyalty to one's homeland. Gellner's intensely creative thesis is that the nationalism we know today is actually the product of the 19th-century industrial revolution which radically reshaped ancient communities encouraging emigration to cities at the same time as it improved literacy rates and introduced mass education. Gellner connected these three elements in an entirely new way contrasting developments to the structures of pre-industrial agrarian economies to show why the new nationalism could not have been born in such communities. He was also successful in generating a typology of nationalisms in an attempt to explain why some forms flourished while others fizzled out. His remarkable ability to produce novel explanations for existing evidence marks out Nations and Nationalism as one of the most radical stimulating – and enduringly influential – works of its day. | An Analysis of Ernest Gellner's Nations and Nationalism

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An Analysis of Leon Festinger's A Theory of Cognitive Dissonance

An Analysis of Leon Festinger's A Theory of Cognitive Dissonance

Leon Festinger’s 1957 A Theory of Cognitive Dissonance is a key text in the history of psychology – one that made its author one of the most influential social psychologists of his time. It is also a prime example of how creative thinking and problem solving skills can come together to produce work that changes the way people look at questions for good. Strong creative thinkers are able to look at things from a new perspective often to the point of challenging the very frames in which those around them see things. Festinger was such a creative thinker leading what came to be known as the “cognitive revolution” in social psychology. When Festinger was carrying out his research the dominant school of thought – behaviorism – focused on outward behaviors and their effects. Festinger however turned his attention elsewhere looking at “cognition:” the mental processes behind behaviors. In the case of “cognitive dissonance” for example he hypothesized that apparently incomprehensible or illogical behaviors might be caused by a cognitive drive away from dissonance or internal contradiction. This perspective however raised a problem: how to examine and test out cognitive processes. Festinger’s book records the results of the psychological experiments he designed to solve that problem. The results helped prove the existence for what is now a fundamental theory in social psychology. | An Analysis of Leon Festinger's A Theory of Cognitive Dissonance

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An Analysis of Daniel Kahneman's Thinking Fast and Slow

An Analysis of Theodore Levitt's Marketing Myopia

An Analysis of Griselda Pollock's Vision and Difference Feminism Femininity and the Histories of Art

An Analysis of Steven Pinker's The Better Angels of Our Nature Why Violence has Declined

An Analysis of Gustavo Gutiérrez's A Theology of Liberation

An Analysis of Max Weber's The Protestant Ethic and the Spirit of Capitalism

An Analysis of Chris Argyris's Integrating the Individual and the Organization

An Analysis of Marcus Aurelius's Meditations

An Analysis of Thomas Paine's Common Sense

An Analysis of Bernard Bailyn's The Ideological Origins of the American Revolution

An Analysis of Bernard Bailyn's The Ideological Origins of the American Revolution

Historians of the American Revolution had always seen the struggle for independence either as a conflict sparked by heavyweight ideology or as a war between opposing social groups acting out of self-interest. In The Ideological Origins of the American Revolution Bernard Bailyn begged to differ re-examining familiar evidence to establish new connections that in turn allowed him to generate fresh explanations. His influential reconceptualizing of the underlying reasons for America's independence drive focused instead on pamphleteering – and specifically on the actions of an influential group of ‘conspirators’ who identified and were determined to protect a particularly American set of values. For Bailyn these ideas could indeed be traced back to the ferment of the English Civil War – stemming from radical pamphleteers whose anti-authoritarian ideas crossed the Atlantic and embedded themselves in colonial ideology. Bailyn's thesis helps to explain the Revolution's success by pointing out how deep-rooted its founding ideas were; the Founding Fathers may have been reading Locke but the men they led were inspired by shorter pithier and altogether far more radical works. Only by understanding this Bailyn argues can we understand the passion and determination that allowed the rebel American states to defeat a global superpower. | An Analysis of Bernard Bailyn's The Ideological Origins of the American Revolution

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An Analysis of C.L.R. James's The Black Jacobins