Great decisions

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  • This book is an introduction to game theory from a mathematical perspective. It is intended to be a first course for undergraduate students of mathematics, but I also hope that it will contain something of interest to advanced students or researchers in biology and economics who often encounter the basics of game theory informally via relevant applications. In view of the intended audience, the examples used in this book are generally abstract problems so that the reader is not forced to learn a great deal of a subject – either biology or economics – that may be unfamiliar.

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  • The content of this book has become ever more relevant after the recent 2007–2009 and 2011 financial crises, one consequence of which was greatly increased scepticism among investment professionals about the received wisdom drawn from standard finance, modern portfolio theory and its later developments.

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  • In the fullness of time, our progress in understanding the natural order advances through the process of science, and psychology is no exception. To gain perspectives on this progress, one needs to take the long view of a historian. In so doing, one will come to appreciate the role of great ideas and creative individuals, while at the same time realizing that our cumulative progress is greater than any one idea or individual.

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  • G reat People Decisions will help you improve your personal competence at hiring and promoting great people. Literally, nothing is more important. For almost every manager, personal success grows directly out of the ability to choose the right people for his or her team. But making key appointments is hard. Few people get any formal training in this all-important activity, and no comprehensive tools exist to make up for that lack of training.

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  • All too often, entrepreneurs, sales executives, and marketing managers go to great lengths to show how their new business plans or creative concepts are practical and high margin—only to be rejected by corporate decision makers who don’t seem to understand the real value of the ideas. Why does this happen? It turns out that the problem has as much to do with the seller’s traits as with an idea’s inherent quality. The person on the receiving end tends to gauge the pitcher’s creativity as well as the proposal itself.

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  • The software, and knowledge industry in general, has been on a blazing growth path in the last few decades and especially so in India. As the size of organizations grew rapidly, so did the need for managers to manage a growing business and growing teams. As a result, most managers in the software industry today started out as techies, including me. I was lucky to have learned from some of the best managers, but also some not so great ones. Regardless, there is a lot of catching up that new managers need to do...

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  • Credit and credit scoring can be a mysterious, complex subject, which means any journalist trying to cover this area of personal finance needs great sources. I’ve been extraordinarily fortunate to have found experts who not only knew their fields, but who were willing to spend time helping me under-stand them, too. At the top of this list is Craig Watts, spokesman for Fair Isaac Corp., who invested hours researching and carefully answering my endless questions.

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  • Results happen every time we dial the telephone. They just aren’t always the results we had hoped for. During the last 20+ years, I have made a lot of phone calls. I have monitored a lot of phone calls. I have written thousands of call plans, call guides, scripts, sales strategies, campaigns, and targeted initiatives. And, I can tell you from experience, that results will continue to happen. More often than not, the results will be lower than they can be unless certain planned and predictable outcomes are accounted for.

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  • Toward the close of a pleasant September afternoon, in one of the years when the big stick of President Roosevelt was cudgeling the shoulders of malefactors of great wealth, the feverish home-bound masses which poured into upper Fifth Avenue with the awakening of the electric night were greeted by the strangest of all spectacles which can astound a metropolitan crowd harassed by the din of sounds, the fret and fury of the daily struggle which is the tyranny of New York.

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  • The Wisdom of Great Investors Avoid Self-Destructive Investor Behavior Understand That Crises Are Inevitable Don’t Attempt to Time the Market Be Patient Don’t Let Emotions Guide Your Investment Decisions Recognize That Short-Term Underperformance Is Inevitable Disregard Short-Term Forecasts and Predictions Conclusion Summary

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  • Photograph* of Faith from space show no political boundaries, reminding us that national distinctions arc man made. But the agencies responsible for those pictures, other missions to Earth orbit, and probes to deep space are inevitably national or multinational. Each has its own set of constituencies, procedures, capabilities, and limitations.

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  • The actual discrimination in the market place against a minority group depends on the combined discrimination of employers, workers, consum- ers, schools, and governments. The analysis shows that sometimes the environment greatly softens, while at other times it magnifies, the impact of a given amount of prejudice. For example, the discrepancy in wages be- tween equally productive blacks and whites, or women and men, would be much smaller than the degree of prejudice against blacks and women when many companies can efficiently specialize in employing mainly blacks or women....

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  • A well-defined collection of objects is known as a set. This concept, in its complete generality, is of great importance in mathematics since all of mathematics can be developed by starting from it. The various pieces of furniture in a given room form a set. So do the books in a given library, or the integers between 1 and 1,000,000, or all the ideas that mankind has had, or the human beings alive between one billion B.C. and ten billion A.D. These examples are all examples of finite sets, that is, sets having a finite number of elements.

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  • While the bulk of the liquid is water, all of the flavor should be from the coffee. To achieve the same great quality cup of coffee you receive at a coffee bar, you need to use the same quality beans. Buy the beans fresh and whole, only about two weeks’ supply at a time for maximum freshness. Once the coffee bean is broken, its flavor degrades very quickly. That’s why the Grind & Brew™ grinds your coffee just prior to brewing. If it is not practical to buy small supplies, we recommend you separate larger...

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  • There are a number of private loan programs available to credit-worthy borrowers. Additionally, some lenders make available postgraduate loans for bar-review study. Eligibility for these bar loans is based on the borrower’s credit history and the lending institution’s willingness to lend. The terms and conditions of these programs vary greatly. Pay careful attention to the explanations found in loan application brochures and consumer information. You can also contact the individual programs or visit their websites for further details.

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  • Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen. The economic analysis must therefore be global, deal with long time horizons, have the economics of risk and uncertainty at centre stage, and examine the possibility of major, non-marginal change. To meet these requirements, the Review draws on ideas and techniques from most of the important areas of economics, including many recent advances.

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  • To allow for feasible comparisons, we define HGFs as the one percent of firms with the highest growth over three different time periods, three, five and seven years. We considered other shares of the firm population, such as the five or ten percent of firms with the highest growth. However, besides the one percent definition, it was not possible to apply precise cut- off levels, since a great many firms showed the growth required to enter as the last firm using other thresholds.

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  • Would Peary have been denounced if he had had a desk job in the Navy Department in Washington. No. He wouldn't have been important enough then to have aroused jealousy. General Grant had an even worse experience than Admiral Peary. In 1862, General Grant won the first great decisive victory that the North had enjoyed-a victory that was achieved in one afternoon, a victory that made Grant a national idol overnight-a victory that had tremendous repercussions even in far-off Europe-a victory that set church bells ringing and bonfires blazing from Maine to the banks of the Mississippi.

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  • March 29, 1973, found me aboard a C-141 transport plane, along with fi fty other U.S. servicemen, returning to the United States after duty in Vietnam. The fl ight was the last in the withdrawal of U.S. military forces under the terms of the peace agreement that the United States and North Vietnam had reached in Paris two months earlier (not to be confused with the much more hazardous and chaotic exodus of the few remaining Americans when the agreement broke down and Communist forces overran South Vietnam in April 1975)....

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  • Competitive advantage – An advantage over competitors gained by offering consumers great value, either through lower prices or by providing more benefits that justify higher prices.

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