Essay on American Schools Need Essentialism - 525 Words

American Schools Need Essentialism There are five main philosophies that describe education: Essentialism (the back-to-basics approach which strives to teach students the essentials), Progressivism (which stresses individuality), Perennialism (which is the teaching of philosophies that have been around for hundreds of years), Existentialism (which give the students the choice of when to study and when not to), and Behaviorism (which lets teachers use reinforcement to achieve the desired behaviors which need to be used in the class room). Essentialism was the main philosophy used in earlier classrooms, and should be adopted back into the classrooms of today. If essentialism is going to be brought back into the classroom many†¦show more content†¦Another point that needs to be discussed is the fact that students do not have the discipline that they used too. Young adults need an example set for them if they are going to behave properly. Teachers need to set this example by making students follow the rules, and having strict punishments for the students whenever they break these set rules. Students need a well-rounded schedule to prepare them for the years to come. It is obvious that they need the basic classes such as math, science, English, and social sciences. There are electives that are needed, but there are a lot offered that serve no purpose at all. Some examples of classes that I had were teachers’ aid, health and physical education, and chorus. These classes did not prepare me at all for the college experience. As a result of this I almost failed out of Concord College my first year. Another good way to keep students focused is to give them standardized tests. These tests should be taken very seriously. The SAT and ACT tests are a perfect way to test a student’s ability to perform in a classroom. The teachers never know if the student has fallen behind, or is slow is academics. If a student is incapable of keeping up with the pace of other students, they should be demoted, or placed in remedial classes for extra help. As I mentioned before I am an elementary education major. I plan to finish my education and hopefully find a job to educateShow MoreRelated Essentialism is Essential in Education Essay970 Words   |  4 PagesEssentialism is Essential in Education All six of the major educational philosophies Perennialism, Progressivism, Essentialism, Existentialism, Social Reconstruction, and Behaviorism are in my opinion feasible in the classroom. However, I have chosen Essentialism as the primary philosophy I would like to employ in my classroom for several reasons. Although I think all six would result in learning, which is the primary purpose of education, I think that Essentialism is superior to theRead MoreThe Teacher Centered Philosophies Of Education1098 Words   |  5 PagesEssentialism is a teacher-based ideology that advocates for meticulous practice with subjects such as math and science, writing and also reading. Teacher-centered philosophies of education require that children are educated using certain methods put into action by their teacher, as opposed to student-centered philosophies. Teaching methods are formed according to the needs and learning styles of individual students. Teacher-centered philosophies force the student to adjust to the teacher; with student-centeredRead MoreMy Personal Philosophy Of Education1476 Words   |  6 Pagesundertaken in universities or any other institution to earn a degree. There are numerous number of public and private higher educational institutions in America. Every year, American universities and other higher education institutions receive an ever-increasing numbers of students seeking bachelor, masters or Ph.Ds. American universities do not focus on producing professional graduates –doctors, engineering , teachers, scientists-accountants, mathematicians†¦.etc. The purpose of educationRead MoreMy Philosophy Of Education Is Eclectic, And I Disagree776 Words   |  4 Pagesaspects of perennialism, essentialism, progressivism, and social reconstructionism. Although I do not agree with each aspect of these curriculum philosophies, each one has influenced and shaped my personal thoughts and beliefs about education. My philosophy of education is greatly influenced by the ideals found in perennialism. I agree that education should involve teaching mathematics, science, social studies and English/language arts (including reading). Students need to have a basic understandingRead MorePersonal Philosophy and Education Paper808 Words   |  4 PagesEducation 301 Instructor Tenika Richards -James July 23, 2012 Education is the key to the success of student’s in school today there are philosophies that structure the way an educator direct the class. Essentialism is one of the key concept focuses in school system first following the standard curriculum is important to implement on the journey for higher learning if it is achieved than the success rate will be greater. TeachersRead MoreWhy I Should Be A Teacher1676 Words   |  7 PagesFor most of my life I have wanted to be a teacher. The biggest reason why I want to be a teacher is because I want to help students like my teachers have helped me. I was homeschooled until sixth grade, and once my parents put me into that school; I have wanted to become a teacher. Throughout my life, I have always enjoyed helping people. I always look for things that I can to do to help people and with teacher I can inspire students every day. I want to change my student’s lives, by teaching thenRead MoreMy Philosophy Of Educat ion As A Education864 Words   |  4 Pagesdifferent philosophy of education, and what purpose education serves in a child’s life. The five philosophies of education that we recognize are: Essentialism, Perennialism, Progressivism, Social Reconstructionism, and Existentialism. I would most recognize my philosophy of education as Essentialism. Essentialism has been a dominant influence in American education since World War II. It focuses on core curriculum of traditional academic topics. I believe that the purpose of education is teachingRead MoreThe Philosophy Of Education Is Its Differing Aims1536 Words   |  7 Pagescontrasting schools of thought in the philosophy of education. This exploratory paper will analyze and inquire three schools of thought: Essentialism, Critical Theory and Pragmatism. Each of these schools of thought considers their principles the best. The paper will conclude with my viewpoint as to where I situate my philosophy of education among these three schools of thought. The term â€Å"Essentialism† as a scholarly philosophy was formerly disseminated in the 1930s by the American educator WilliamRead More My Philosophy of Teaching Essay1076 Words   |  5 PagesI began working in the school system as a substitute secretary. I loved working in the school environment; coming in contact with children everyday made me realize how much I would enjoy teaching a classroom full of students. Teachers play such an important role in a child’s life, sometimes being their only source of encouragement and support. As a teacher, I want to know my students – their personality, learning style, and academic level, so I can meet their needs and create the best learningRead MoreEssay about Philosophy of Education1276 Words   |  6 Pagesof my mind. At least that is what I am told by almost everyone when I tell him or her my plans for the future. Maybe I should become a doctor, lawyer, or own a business. No, I am going to fulfill my dream that I have had since I was in elementary school. I always ask a question to answer, â€Å"Why do you want to be a teacher? Are you out of your mind?† I ask who shapes the minds of the children of these doctors, lawyers, and businessmen while they are working. I also ask how these people would become

The Theme of the Individual vs Society in A Dolls House...

Individual vs Society in A Dolls House and Hedda Gabler George Brandes once insisted that the only way literature could be made into a vital and living piece of art would be by subjecting problems to debate Indeed, it was the `problem at the heart of Henrik Ibsens plays that caused most of the controversy that surrounded them. Whereas other theatrical productions of Ibsens time adhered to a standard plot and set of characters, Ibsen chose to break free of conventions by introducing topical issues into his drama, challenging contemporary assumptions about the role of women, the institution of marriage and the state of society. A close friend of George Brandes, Ibsen shared his view that only free†¦show more content†¦Just as she likes to spoil herself with the macaroons, she also longs to indulge in the freedom of her own personality. On one level, Nora is aware from the beginning that by conforming to the conventional roles she is living a lie. Her constant assertions that she is happy seem over-zealous, and suggest that she is trying too hard to convince others, and herself, that she is content; Oh God, oh God, isnt it marvellous to be alive, and to be happy, Kristine! Nora is an ideal expression of the fear of change that is intrinsic in human nature, as she realises that to be true to her own nature would mean jeopardizing her responsibility to her husband and children. Torvald, who repeatedly acts as the voice of society, would be unable to accept his wife as an equal, and Nora confirms this when she says, it would be terribly embarrassing and humiliating for him if he thought he owed anything to me... Ibsen suggests that one reason Nora - along with the other characters in the play - is so afraid of abandoning her position in society is the dread of being replaced and thereby forgotten. Dr. Rank explains that we leave behind nothing but an empty place to be filled by the first person that comes along We can see this same fear in Nora when she asks the nameless

Wolves Should Be Hunted Free Essays

Wolves Should be Hunted The Grey Wolf was reintroduced in the United States in the mid 1990’s after years of extinction. In 1973 Northern Rocky Mountain wolf subspecies were listed on the endangered species list. In 1980 congress started talking about reintroducing the wolf back into the U. We will write a custom essay sample on Wolves Should Be Hunted or any similar topic only for you Order Now S. Since then this has been a heated debate. Animal rights activists were all for bringing the wolves back while many other opposed it. (Wolf Reintroduction: How the Wolves Came Back) The thing that the government forgot to think about was that they were reintroducing a wolf that was not native to the U. S. and that this wolf was much bigger, aggressive, and used to much harsher weather conditions than the Timberwolves native to the U. S. , when they decided to introduce Canadian Wolves. Canadian wolves weigh from 160 to 180 pounds, they are huge killing machines. Upon reintroducing gray wolves they also promised that once the wolves reached a certain population, they would be hunted to keep the wolf population to a sustainable number. The government first reintroduced the Canadian Gray Wolves into the Yellowstone National Park and Idaho. They started with 35 Canadian Gray Wolves. They said their plan was to increase the wolf population to 300 and to at least 30 breeding pairs across Idaho, Wyoming, and Montana. The government then promised that states that were forced to accept wolves would be able to manage them once they reached a healthy breeding stock and were settled. The Government said that the reason for the reintroduction was to control the Elk population that had grown out of control in the Yellowstone National park. (Harkings, 2009) They argued by bringing a natural predator back into the ecosystem that this would take care of the over population of elk naturally. They said that the wolves would come in and take out the elk that were sick and failing. In the beginning this worked, however when the elk number were back to where they should be and the wolf number and packs grew, the government failed to let the state start managing them as they had promised before. This has brought much turmoil with the ranchers and sportsmen. The Governments plan worked so well that when the Canadian Wolves who are very territorial, spread into the small population of Timberwolves, they took over pushing the few native wolves out of the area killing them. The Federal Government’s Biologists failed to mention that this could happen. The wolves very quickly began to form packs and multiply. A typical breeding pair of wolves will have two litters of pups a year and with each litter they have up to twelve pups. This is the reason the wolf population has grown out of control. According to Idaho Fish and Game Idaho currently has 846 wolves in 88 pack’s and 39 of them are â€Å"breeding packs†The Canadian Wolves are now threatening healthy elk and deer. (Harkings, 2009) The elk and deer populations are now dwindling due to more harsh winters and wolves. They are also killing rancher’s livestock and putting rancher’s well-being at stake. Wolves have been proved to kill not only for food but for sport. For every one animal they kill to eat they kill three more just for the fun of it. Biologists call this â€Å"sport-reflex killing† or â€Å"lustful killing† the Canadian Gray wolves are killing machines (Harkings, 2009). They have also been proven to kill people’s dogs just for the fun of it. A wolf typically consume 16-24 hooved animals a year for consumption but that number must be doubled for all the animals that the wolf kills for sport and leaves left to die or rot. Harkings, 2009) The forests are being littered by carcasses left by the wolf. Wolves will wait until an elk, deer, or moose cow are giving birth and kill both the cow and the calf. Either eating them or leaving them and moving on to the next kill. They will dig up hibernating bears and kill them for both food and sport. When wolves ar e hunting in packs they are afraid of nothing. They will attack adult male grizzly bears and adult male moose. They are fearless and the only predators wolves have are humans. (Wood, 2005) That is why we need to start controlling their population before we have no hooved animals left. Wolves are such big killing animals that when they have taken out a species they will turn on their own and kill them for food. Wolves will stop at nothing they are killing machines that have to be stopped and their populations must be maintained before they become more out of control. Wolves have become so bold they have now been videoed stalking hunters in Northern Idaho. They also tried to attack a woman who was walking up her driveway. I would hate to think what would have happened if she didn’t have her cell phone and help hadn’t arrived soon enough. They are becoming more and more fearless every day and are coming closer and closer to humans. We not only have to put the fear back into wolves for our own safety but for theirs. If we do not do something now wolves are going to diminish all of our wild hooved animals and start moving closer and closer to captivity. They are fearless and will stop at nothing. That is why we need to start taking control of the wolf before the wolf takes control of us. We have to start hunting wolves and maintaining their populations before these murderous creatures takes over. So go out get a tag and today and kill a wolf. Works Cited Harkings, D. (2009, June). Idaho Home to over 4,000 of the Biggest Baddest Wolves in America. Retrieved November 15, 2011, from http://proliberty. com/observer/20090623. htm Wolf Reintroduction: How the Wolves Came Back. (n. d. ). Retrieved November 13, 2011, from http://www. class. uidaho. edu/kpgeorge/issues/wolves_reintroduction/reintroduction_question. htm Wood, K. (2005, January 29). The Truth About Those Canadian Wolf â€Å"Re†introductions. Retrieved November 13, 2011, from http://rliv. com/wolf/DailyChronicalTruth. pdf How to cite Wolves Should Be Hunted, Essay examples

Critical Thinking and Language Essay Example For Students

Critical Thinking and Language Essay Critical Thinking and Language Essay Essay During our 20-year marriage, my wife and I have been fortunate enough to vacation three times in Hawaii. The island of Maui is our favorite. The island of Maui holds a special place in my heart, because of the one-on-one time I was able to spend with my wife. We enjoy the breathtaking scenery and the tranquil sunsets. The highlight of our trips has been the helicopter rides. The helicopter is the only way to see some of the islands awesome waterfalls and other secluded places. The ride can be a little hair raising when it is windy. One of Mauis most visible attractions is Haleakala, the largest dormant volcano in the world. The word Haleakala in the Hawaiian language means the House of the Sun. The top of Haleakala is one of the most outstanding places to watch a sunrise I have ever experienced. Just remember your jackets; it can be a little nippy at 9,000 feet elevation before sunrise. Visitors can ride a bike down to the base of the volcano, if they are just a little off their rocker. These are just a few reasons why Maui is my favorite vacation spot in the world. Using metaphors in the paragraphs above, I was able to describe my experiences with more flair. The images painted in your mind would be different if the metaphors were not used. If language is the mode in which our mind understands the world, and if metaphors are at the heart of language, then metaphors are at the heart of our understanding of the world (Kirby ; Goodpaster, 1999, p. 109). Now let us examine some of the questions about language and thinking critically. What role does language and language diversity play in the critical thinking process? Language helps us make sense of our thoughts. Language is the software that allows our brain to think the way it does; without language the cerebral cortex lies largely unused (Kirby ; Goodpaster, 1999, p. 77). Language must be thought of when trying to communicate. Does the person you are communicating with have the knowledge or have they been exposed to the language so they can understand what you are trying to say? With the many languages in the world, you must be aware that some words do not translate to other languages. When this happens, one must think critically on what other words can be used or other ways to communicate. Using pictures or gestures can help with communicating ideas. How does language empower or limit the expression of our thoughts? At times, everyone becomes speechless. Our thoughts are scrambled and we are unable to express ourselves. At other times, language empowers us to communicate our thoughts and ideas in a way to persuade others to action. The more language we learn about and are exposed to the more we can use it to our advantage. Using our knowledge of language to express ourself more clearly to get a point across. What is the role of critical thinking in persuasion? When persuading someone you must first think of a way to understand how the other person is thinking. Try to see the problem from their point of view. Once you understand their position, then think of a reason for that person to benefit from your position. Make a list of these items so when presenting your position you can refer to the list. Take time to assure that you have thought of all angles that the other person may be viewing about the topic. Present your position on the topic when you have enough time to explain how it will benefit them. Use active listening techniques by rephrasing their response and using eye contact. When attempting to persuade someone be sure to point out all the positive reasons to your point of view and avoid the negatives position. This paper gives examples of metaphor uses and how they expand our understanding of language. My favorite vacation spot was used as an example for this exercise. The paper answers several questions on the role language plays in critical thinking. .u5cd4ff8e3cdc620bb210f1cd75276535 , .u5cd4ff8e3cdc620bb210f1cd75276535 .postImageUrl , .u5cd4ff8e3cdc620bb210f1cd75276535 .centered-text-area { min-height: 80px; position: relative; } .u5cd4ff8e3cdc620bb210f1cd75276535 , .u5cd4ff8e3cdc620bb210f1cd75276535:hover , .u5cd4ff8e3cdc620bb210f1cd75276535:visited , .u5cd4ff8e3cdc620bb210f1cd75276535:active { border:0!important; } .u5cd4ff8e3cdc620bb210f1cd75276535 .clearfix:after { content: ""; display: table; clear: both; } .u5cd4ff8e3cdc620bb210f1cd75276535 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u5cd4ff8e3cdc620bb210f1cd75276535:active , .u5cd4ff8e3cdc620bb210f1cd75276535:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5cd4ff8e3cdc620bb210f1cd75276535 .centered-text-area { width: 100%; position: relative ; } .u5cd4ff8e3cdc620bb210f1cd75276535 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5cd4ff8e3cdc620bb210f1cd75276535 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5cd4ff8e3cdc620bb210f1cd75276535 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u5cd4ff8e3cdc620bb210f1cd75276535:hover .ctaButton { background-color: #34495E!important; } .u5cd4ff8e3cdc620bb210f1cd75276535 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5cd4ff8e3cdc620bb210f1cd75276535 .u5cd4ff8e3cdc620bb210f1cd75276535-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5cd4ff8e3cdc620bb210f1cd75276535:after { content: ""; display: block; clear: both; } READ: Who Is Responsible For The Death Of Romeo And Juliet Essay Language helps us all communicate and our ability to think critically .

What are the major threats to democracy in a modern society Essay Example

What are the major threats to democracy in a modern society Paper There are many threats to democracy in modern societies; these threats however, differ depending on the type of democracy implemented and the nature of the society, for example; the democracies of the developing world are confronted with different threats when compared to the threats faced by the democracies of the developed world. This paper will seek to provide an examination of the main adversities to democracies mainly in the developing world. To gain a general idea, it is necessary to look at the conditions conducive for democratization so that we can fully comprehend the many obstacles that modern societies are faced with. Democracy is not a natural order; this is stated by Pinkney in 1993. Throughout history most rulers were instilled without the consent of the citizens, such rulers were born into a monarchy or they were voted in by ruling elites. The factors that allowed for the establishment and maintenance of democracy in the west were different to those needed by the developing world; there are a few exceptions however. The west had already formulated a very stable economic and social structure, which are essential conditions for the development and advancement of long-term democracies. Based on this it is evident that in order for the world to flourish under a democratic type system there are several crucial requirements that are required to be met. One of the main perquisites that are conducive to the formation of a democratic state is the constant need for continual economic development; therefore it is evident that a lack of economic development in a particular country will pose a major threat to the prevalence and advancement of democratic ideologies in that country. Economic development is an idea supported by Lipset (1959). We will write a custom essay sample on What are the major threats to democracy in a modern society specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on What are the major threats to democracy in a modern society specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on What are the major threats to democracy in a modern society specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Economic development is considered one of the main necessities needed to guide a state into democracy. Lipset believes that the correlation between the existence of democracy and such variables as per capita wealth, industrialization, urbanization and the level of education, are causes of democracy. This underlines and demonstrates the insurmountable obstacles faced by many parts of the world, most notably the developing world in terms of maintaining and encouraging democratic influences. Poverty and unemployment are rife throughout the developing world and therefore the ever-rising unemployment levels coupled with exponential population growth is crippling the economies of many nations which is rendering these nations susceptible to adhering to the conditions necessary for the instilment of other forms of political governance which obviously, poses a threat to existing and potential democratic prevalence and advancement throughout modern society. Social structure is another factor that is hindering democratic advancement and instilment amongst modern day societies; this is particularly a problem throughout the developing world and most notably Africa. The predominant issue with this idea in terms of the developing world is that many developing nations after decolonization were left socially and religiously divided. This is just one of the many burdens left behind by the colonizers that has rendered the many societies and tribes of Africa liable to the prevalence of unfair and unjust rule as well as racial and other forms of discriminatory action which has left many ethnic minorities having the arduous task of attempting to rule and unite conflicting tribal, cultural and religious groups. For example, within each state of Africa it is possible to see a number of tribes or mixtures of Christianity and Islam, where they were all put together to live as one by colonial powers. This has left many ethnic minorities thus making the job of ruling fairly, extremely difficult. Democracy is more likely to come about from a society where, for example, the monarchy checks the nobility and the aristocracy goes into commerce. (Pinkney, 1993). We can see this in states that have conventionally had monarchs or upper class forced hierarchy ruling, such rulers are more prone to alter the political requirements of a democracy once the totalitarian regime has been lifted. From the arguments gathered above, it is easy to see the most prominent threats to democracy that are currently facing modern societies. The necessities needed to attain democratic rule portray how far some states are from acquiring and implementing a democratic status. It is evident that economic development is the main threat that is preventing many nations from adhering to the criteria necessary to implement and obtain democratic systems. The other factor that is hindering the advancement of democratic systems is the complex social structure of many developing nations due to the effects of colonization. The divisions and creation of isolated ethnic minorities caused by the colonization and decolonisation processes has made it extremely difficult for democracy to achieve fair and equal ruling that would be so beneficial for the many social groups within a society.

UNH Admissions Data and Acceptance Rate

UNH Admissions Data and Acceptance Rate With an acceptance rate of 76 percent, the University of New Hampshire is accessible to many applicants. Students with good grades and test scores are likely to be admitted.  To apply, interested students will need to submit an application, official high school transcripts, SAT or ACT scores, and a letter of recommendation. Art and music students will need to submit additional materialscheck the schools website for more information. The school accepts the Common Application, which can save applicants time and energy when applying to multiple schools that use that application. W ill you get in? Calculate your chances of getting in with this free tool from Cappex. Admissions Data (2016) University of New Hampshire Acceptance Rate: 76  percentGPA, SAT and ACT Graph for UNHTest Scores: 25th / 75th PercentileSAT Critical Reading: 490 / 590SAT Math: 500 / 610SAT Writing: - / -What these SAT numbers meanNew Hampshire colleges SAT comparisonAmerica East Conference SAT score comparisonACT Composite: 22 / 27ACT English: 22 / 27ACT Math: 22  / 27What these ACT numbers meanNew Hampshire colleges ACT comparisonAmerica East Conference ACT score comparison UNH Description The University of New Hampshires main campus is located in Durham, a seacoast town with a population similar to the university. Boston is about an hour away, as is excellent skiing in the White Mountains. The university has an 18 to 1  student/faculty ratio, and high achieving and motivated students should check out the opportunities available through the Honors Program. For its academic strengths, UNH was awarded a chapter of  Phi Beta Kappa. In athletics, the UNH Wildcats compete in the NCAA Division I  Colonial Athletic Association  for football, and the  America East Conference  for many other sports. Enrollment (2016) Total Enrollment: 15,188 (12,857 undergraduates)Gender Breakdown: 46 percent male / 54 percent female97 percent full-time Costs (2016-17) Tuition and Fees: $17,624  (in-state); $31,424  (out-of-state)Books: $1,200 (why so much?)Room and Board: $10,938Other Expenses: $2,438Total Cost: $32,200  (in-state); $46,000 (out-of-state) UNH Financial Aid (2015-16) Percentage of New Students Receiving Aid: 85  percentPercentage of New Students Receiving Types of AidGrants: 70 percentLoans: 71  percentAverage Amount of AidGrants: $12,196Loans: $10,169 Academic Programs Most Popular Majors:  Biology, Business Administration, Communication Studies, English, Kinesiology and Exercise Science, Nursing, Political Science, PsychologyWhat major is right for you?  Sign up to take the free My Careers and Majors Quiz at Cappex. Graduation, Retention and Transfer Rates First Year Student Retention (full-time students): 86  percent4-Year Graduation Rate: 67 percent6-Year Graduation Rate: 78  percent Intercollegiate Athletic Programs Mens Sports:  Football, Ice Hockey, Skiing, Basketball, Cross Country, SoccerWomens Sports:  Lacrosse, Skiing, Soccer, Basketball, Gymnastics, Field Hockey If You Like UNH, You May Also Like These Schools: University of Vermont: Profile | GPA-SAT-ACT GraphQuinnipiac University: Profile | GPA-SAT-ACT GraphBoston University: Profile | GPA-SAT-ACT GraphRoger Williams University: Profile | GPA-SAT-ACT GraphBoston College: Profile | GPA-SAT-ACT GraphEndicott College: Profile | GPA-SAT-ACT GraphSyracuse University: Profile | GPA-SAT-ACT GraphPlymouth State University: Profile  University of Connecticut: Profile | GPA-SAT-ACT GraphUMass - Amherst: Profile | GPA-SAT-ACT GraphUniversity of Maine: Profile | GPA-SAT-ACT Graph Data Source: National Center for Educational Statistics

The Phenomenon of the Equity Premium Puzzle Assignment

The Phenomenon of the Equity Premium Puzzle - Assignment Example Myopic loss aversion is a behavioral finance approach used to explain the size of equity risk premium. Behavioral finance deviates from the standard economic theory and integrates the human psychology with economic theory. The concept of myopic loss aversion rests on two principals   It includes the cognitive and unconscious operations used by people to organize, evaluate and keep track of financial activities. This approach implies that people tend to make and evaluate decisions one at a time and then they place them in separate mental accounts rather than evaluate them in a broader context. In a financial perspective, this refers to how transactions are grouped both cross-sectionally (are securities evaluated one at a time or as portfolios) and inter-temporally (how often are portfolios evaluated). When this narrow evaluation of the decisions and outcomes take place, financial investors will tend to make short-term decisions rather than adopt long-term policies regarding their investments and evaluate their gains and losses frequently. â€Å"When we look at the historical record of investment returns, we find that the vast majority of long-term returns are derived from just seven percent of all trading months. The returns of the remaining ninety-three percent of the months on average are virtually zero†. It implies that the shorter the investment horizon, greater the chances that the investor will experience a loss in the value his portfolio. Moreover, if an investor has the risk-averse preferences then the time horizon over which he evaluates his portfolio also impacts his investment preferences. For example, stocks seem to be risky and yield fewer returns in the short run, while debt instrument is safer and seem to be profitable in short run. So if a risk inverse investor inspects his portfolio daily then he will find the bonds much more profitable and attractive as compared to stocks and will find the stock highly risky and yielding lower returns, because stock prices highly fluctuate up and down on daily basis and losses have a double effect on investor’s mind.