Marbury's mother made a good decision not allowing her children to purchase expensive sneakers because the opportunity costs were too high for their family. By spending $150-200 on a single pair of sneakers, the children would have to forgo other important necessities due to their family's limited financial resources. Instead of non-essential clothing items, the money could be better spent on more pressing needs like food, shelter, healthcare, or education. While branded sneakers may provide social status or enjoyment, meeting basic living expenses should take priority over discretionary purchases for a family experiencing financial constraints.
Business opportunities of moderate to even light complexity often expose decision makers to hundreds, if not tens of thousands, of coordinated decision options that should be considered thoughtfully before making resource commitments. That complexity is just overwhelming! Unfortunately, the typical response is either analysis paralysis or "shooting from the hip," both of which expose decision makers to unnecessary loss of value and risk. This tutorial teaches decision makers how to tame option complexity to develop creative, valuable decision strategies that range from "mild to wild" with three simple thinking tools.
Aye Moah, CPO of Baydin (Boomerang) talks about how to design web and mobile products to limit the effects of decision fatigue. Research has shown that making decisions depletes blood sugar and therefore willpower. There are four important steps to take to minimize this effect: eliminate decisions, order decisions to maximize user experience, bundle decisions together into common categories, and, finally, take advantage of randomness. This talk provides real-word examples of each of these steps and shows you how they provide better results and design better products.
SurveyB U S 1 1 5 W I N T E R 2 0 1 7Survey — the.docxssuserf9c51d
Survey
B U S 1 1 5 W I N T E R 2 0 1 7
Survey — the overwhelming choice for primary data
2
Definition
Interviews with a large number of respondents using a predesigned questionnaire.
◦ Standardized yet somewhat flexible
◦ Relatively easy to administrate
◦ In some cases, respondent is the best source for information
◦ Considerable judgment: sampling, questionnaire design.
◦ Good analytical skills required
Features
Four Basic Types of Survey
3
No computer Computer
Interviewer
Person-administered surveys
◦ Interviewer reads questions either face-to-
face or over the telephone
Computer-assisted surveys
◦ Person-administered with computer
assistance (e.g. question randomization,
skipping rules, etc.)
No interviewer
Self-administered surveys
◦ The respondent completes the survey on
his or her own on paper-pencil
Computer-administered surveys
◦ The respondent completes the survey on
his or her own on computer
Interviewer (vs. self)
◦ Advantages:
◦ Quality control
◦ Progress control
◦ Allows feedback
◦ Reduce respondents’ workload
◦ Disadvantages:
◦ High cost
◦ Sensitive questions/social desirability
4
Computer (vs. paper)
◦ Advantages:
◦ Quality control
◦ Flexibility: multi-media, different (fancy) measurement
◦ Reduce data entry cost
◦ Disadvantages:
◦ Requires computer knowledge and (in most cases) internet connection
5
Recruiting and Survey Methods
◦ In-home survey
◦ Intercept survey (mall, street, campus)
◦ Telephone survey
◦ Mail survey
◦ Email/Online survey
◦ Qualtrics
◦ Survey Monkey
◦ Google Consumer Survey
6
http://qualtrics.com
https://www.surveymonkey.com
http://www.google.com/insights/consumersurveys/home
Questionnaire Organization
7
Guidelines of Questionnaire Organization
8
◦ Begin with an introductory paragraph:
◦ The purpose of the survey
◦ Who is running the survey
◦ How the survey data will be used
◦ Whether the surveys will be anonymous
We are interested in learning more about how
consumers respond to different situations. In
this study, you will be asked to evaluate a
situation as though it is real. You will then be
asked about your response to this situation.
At times you will feel as though you don’t have
enough information. Please do your best to
respond with the information that you do have.
There are no right or wrong answers – it is your
unique responses that we are interested in.
Thank you in advance for your help with our
research!
Guidelines of Questionnaire Organization
9
◦ Open with easy and non-threatening
questions.
◦ Questionnaire should flow smoothly &
logically from one topic to next.
◦ Group similar question together. Don’t
jump around excessively.
◦ Generally, better to go from broad
(general) questions to specific questions.
◦ Check MR2 8-1f for more useful
guidelines Rate the brands on these attributes.
What types of beverages do you drink on a weekly basis?
Which of the following beverages is your ...
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Business opportunities of moderate to even light complexity often expose decision makers to hundreds, if not tens of thousands, of coordinated decision options that should be considered thoughtfully before making resource commitments. That complexity is just overwhelming! Unfortunately, the typical response is either analysis paralysis or "shooting from the hip," both of which expose decision makers to unnecessary loss of value and risk. This tutorial teaches decision makers how to tame option complexity to develop creative, valuable decision strategies that range from "mild to wild" with three simple thinking tools.
Aye Moah, CPO of Baydin (Boomerang) talks about how to design web and mobile products to limit the effects of decision fatigue. Research has shown that making decisions depletes blood sugar and therefore willpower. There are four important steps to take to minimize this effect: eliminate decisions, order decisions to maximize user experience, bundle decisions together into common categories, and, finally, take advantage of randomness. This talk provides real-word examples of each of these steps and shows you how they provide better results and design better products.
SurveyB U S 1 1 5 W I N T E R 2 0 1 7Survey — the.docxssuserf9c51d
Survey
B U S 1 1 5 W I N T E R 2 0 1 7
Survey — the overwhelming choice for primary data
2
Definition
Interviews with a large number of respondents using a predesigned questionnaire.
◦ Standardized yet somewhat flexible
◦ Relatively easy to administrate
◦ In some cases, respondent is the best source for information
◦ Considerable judgment: sampling, questionnaire design.
◦ Good analytical skills required
Features
Four Basic Types of Survey
3
No computer Computer
Interviewer
Person-administered surveys
◦ Interviewer reads questions either face-to-
face or over the telephone
Computer-assisted surveys
◦ Person-administered with computer
assistance (e.g. question randomization,
skipping rules, etc.)
No interviewer
Self-administered surveys
◦ The respondent completes the survey on
his or her own on paper-pencil
Computer-administered surveys
◦ The respondent completes the survey on
his or her own on computer
Interviewer (vs. self)
◦ Advantages:
◦ Quality control
◦ Progress control
◦ Allows feedback
◦ Reduce respondents’ workload
◦ Disadvantages:
◦ High cost
◦ Sensitive questions/social desirability
4
Computer (vs. paper)
◦ Advantages:
◦ Quality control
◦ Flexibility: multi-media, different (fancy) measurement
◦ Reduce data entry cost
◦ Disadvantages:
◦ Requires computer knowledge and (in most cases) internet connection
5
Recruiting and Survey Methods
◦ In-home survey
◦ Intercept survey (mall, street, campus)
◦ Telephone survey
◦ Mail survey
◦ Email/Online survey
◦ Qualtrics
◦ Survey Monkey
◦ Google Consumer Survey
6
http://qualtrics.com
https://www.surveymonkey.com
http://www.google.com/insights/consumersurveys/home
Questionnaire Organization
7
Guidelines of Questionnaire Organization
8
◦ Begin with an introductory paragraph:
◦ The purpose of the survey
◦ Who is running the survey
◦ How the survey data will be used
◦ Whether the surveys will be anonymous
We are interested in learning more about how
consumers respond to different situations. In
this study, you will be asked to evaluate a
situation as though it is real. You will then be
asked about your response to this situation.
At times you will feel as though you don’t have
enough information. Please do your best to
respond with the information that you do have.
There are no right or wrong answers – it is your
unique responses that we are interested in.
Thank you in advance for your help with our
research!
Guidelines of Questionnaire Organization
9
◦ Open with easy and non-threatening
questions.
◦ Questionnaire should flow smoothly &
logically from one topic to next.
◦ Group similar question together. Don’t
jump around excessively.
◦ Generally, better to go from broad
(general) questions to specific questions.
◦ Check MR2 8-1f for more useful
guidelines Rate the brands on these attributes.
What types of beverages do you drink on a weekly basis?
Which of the following beverages is your ...
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Trade-Offs and Opportunity Costs2.pptx
1. Aim: Why Can’t We Just Have It All?
Do Now:
a) Current Event Presentations
b) Create a list of items you would buy with $100. (Place a star next to the two
most important ones)
Homework:
a) Read the article: Choices Are Everywhere: Why Can’t We Just Have It All?
And answer the discussion questions by Friday, September 16, 2016.
b) Continue working on Current Events – refer to schedule
2. Create a list of items you would buy with $100.
(Place a star next to the two most important ones)
3. Economic Choices and Decision Making
Decision Making
• weighs the costs and benefits of alternatives
• identifies the real or opportunity costs of a decision
4. Economic Choices and Decision Making
Every decision we make has its trade-offs.
• Trade-offs are alternatives that are available whenever a choice is made.
5. Economic Choices and Decision Making
Opportunity cost is the cost of the next best alternative use of money, time, or
resources when one choice is made rather than another.
6. Economic Choices and Decision Making
Apply your knowledge: How are trade-offs and opportunity costs related?
A “Trade-off" is the choice you have to make between two options, given limited
resources and the ability to only choose one. After you make the choice, the
"opportunity cost" is the lost chance to enjoy an item you did NOT select because of
the choice you just made.
7. The Student Dilemma- To Work, or not to Work?
What are the opportunity costs for a student who chooses to work more hours
rather than study?
What are the opportunity costs for a student who chooses to study more hours
rather than work?
8. Opportunity cost is a foundational concept in economics. It is also a key thinking skill in the
practical art of daily decision-making. Unfortunately, people often fail to consider opportunity
cost until they learn to use it as a thinking skill. Once you have mastered the idea of opportunity
cost, you will think differently about all sorts of routine choices. The table shows a few
examples.
This: Becomes This:
I’m tired. I think I will sleep in this morning. If I sleep in this morning, then I give up the opportunity to go
go to chemistry class.
This new video game is awesome, and it’s only $40. This new video game is awesome, but if I spend $40 on it, I
it, I give up the opportunity to spend it on ______________ or
______________ or save it for ______________.
In the end, you might still decide to sleep in and buy the new video game, but recognizing the
opportunity costs will increase your chances of making a rational decision.
9. Free Lunch?
Economists are fond of saying “There is no such thing as a free lunch.” Of course, they are not
talking about lunches literally. In fact, many people miss the point of this phrase. Imagine Fred
is walking to school when he notices a sign on the front lawn of the high school: “Free lunch
here today at noon.” Fred is a little skeptical, but later that day he looks out the window and,
sure enough, he sees a table with pizza and soda and a big sign that reads “Free.” But Fred
remembers his teacher saying “There is no such thing as a free lunch.” Fred decides to ask his
best friend, Frank, why the lunch is not free. Frank shrugs and responds, “Someone had to pay
for it.” While this is true, the real question is this: Why is the lunch not free for Fred?
What do you think?
10. Consider this scenario:
You received $50 from your grandmother for your birthday. You
decide to buy some new clothes. Because the money was a gift, you
believe your new clothes are free. You could have, however, used
the $50 to buy the new calculator required for your math class next
semester. So, are the clothes you bought really free?
11. You Decide: Opportunity Cost or Consequence?
The difference between opportunity costs and consequences can be confusing. Remember that
the opportunity cost is the value of the next-best alternative when a decision is made; it's what
is given up. A consequence is a result or effect of an action or decision, and consequences may
be positive or negative. While opportunity cost and consequences sound like similar ideas, they
are not the same. One way to think about the difference is to remember that the opportunity
cost occurs when the decision is made, while the consequences lie in the future.
Imagine you decide to go to college after you graduate from high school. If you choose to go to
college, you give up the opportunity to get a full-time job—this is part of the opportunity cost
of attending college. The consequences of your decision lie in the future, such as the higher
income you will likely receive with a college degree.
• Choice: Go to college
• Opportunity cost: Full-time employment
• Consequence: Higher income in the future
12. You Decide: Opportunity Cost or Consequence?
Identify the opportunity cost and the consequence in this scenario: You have one dollar, which
you have decided to use to buy a candy bar. Your favorite candy bar is GooeyNut followed
closely by LuvChoc. Your dentist has warned you about your candy habits; he is fond of saying
“Forget the Alamo, remember the Enamel.”
• Choice: _________________________________________________
• Opportunity cost: __________________________________________
• Consequence: ____________________________________________
13. Stossel: High Priced Fashion
Why do you and others buy “hot” items like the high-priced sneakers featured
in this video clip? What benefits do you and others get from high fashion
purchases? What are the costs incurred by you and the other people buying
them? Think about this carefully. Do the benefits outweigh the costs?
14. Stossel: High Priced Fashion
Economics is about trade-offs. Money is limited and scarce. Use points from the
video clip to explain how individuals who buy one good trade-off purchasing or
“paying for” something else.
15. Stossel: High Priced Fashion
Buying a $150 or $200 pair of sneakers means you can’t spend in other areas. Money is
limited and scarce relative to what we want, need or desire. Based on the concepts of scarcity
and opportunity costs, explain why Marbury’s mother would not let him or his siblings buy
high-priced sneakers because of their high opportunity costs. That is, describe the things that
Marbury and his siblings would have had to give up if they had purchased the high price
sneakers. Explain why the costs of buying popular sneakers were likely greater than the
benefits in Marbury’s family. Do you think the family made a good decision? Why or why
not?