By Louise Miller
Careers for Nature fans and different outdoors kinds takes an attractive examine the probabilities and coaching requisites for dozens of jobs. The e-book presents professional suggestion on how readers can positioned their love for mom Nature to paintings within the occupation in their desires.
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- Careers for nature lovers & other outdoor types
Additional resources for Careers for Nature Lovers & Other Outdoor Types
Economic Theories of Herd Behavior and Information Cascades Even completely rational people can participate in herd behavior when they take into account the judgments of others, and even if they know that everyone else is behaving in a herdlike manner. The behavior, although individually rational, produces group behavior that is, in a well-defined sense, irrational. 5 152 PSY C HOLOGIC AL FAC TOR S A simple story will illustrate how such an information cascade could get started. Suppose two restaurants open next door to each other.
Basic Arguments That Markets Are Efficient and That Prices Are Random Walks The idea of efficient markets is so natural that it has probably been with us for centuries. 1 It was clearly mentioned in 1889 in a book by George Gibson entitled The Stock Markets of London, Paris and New York. ”2 In this century, the efficient markets theory has long been a fixture in university economics and finance departments. The theory has commonly been offered to justify what seem to be elevated market valuations, for example, the 1929 stock market peak.
176 ATTE MP TS TO R AT IONALIZE EXUBER ANC E Consider, for example, eToys, a firm established in 1997 to sell toys over the Internet. Shortly after its initial public offering in 1999, eToys’ stock value was $8 billion, exceeding the $6 billion value of the long-established “brick and mortar” retailer Toys “R” Us. 2 billion, almost 400 times larger. 6 In fact, Toys “R” Us, like other established toy retailers, has now created its own Web site. Despite some initial difficulties getting its site launched, it has a longer-run advantage over eToys in that dissatisfied purchasers of toys on the Internet can go to one of its numerous retail outlets for returns or advice.