The Matthew Effect Essay Essay Example

The Matthew Effect Essay Paper Abstraction In The Matthew Effect chapter of Outliers. Malcolm Gladwell states that a person’s success s attributed to the timing of their birth day of the month as it relates to the cut-off day of the months of athleticss and instruction. He believes that this one random day of the month is the start of a series of advantages that can finally take to success. Although timing of a birth day of the month and chances can play a important factor in one’s success. they are non the exclusive finding of success. Gladwell fails to admit the critical function an individual’s aspiration and natural born endowment drama in making success or the important impact household influences can hold on one’s success. We will write a custom essay sample on The Matthew Effect Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Matthew Effect Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Matthew Effect Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Over-Simplified Since Biblical times. groups of people were separated by the rich persons and the have not’s. Matthew 25:29 provinces â€Å"For unto everyone that hath shall be given. and he shall hold copiousness. But from him that hath non shall be taken off even that which he hath. † ( Gladwell. 2008. p. 15 ) In chapter 1. of the Outliers ( 2008 ) . Malcolm Gladwell has a similar statement in â€Å"The Matthew Effect† . He argues that personal success is attributed to conceal advantages. such as someone’s birth day of the month. which in bend. creates chance through accumulative advantages. ( pg. 19 ) Gladwell calls these successful people â€Å"outliers† which he defines as â€Å"men and adult females who do things that are out of the ordinary† ( pg. 17 ) . Although timing of a birth day of the month and chances play a important factor in one’s success. Gladwell’s theory that those are the exclusive finding of success is over simplified bec ause it does non take into consideration the impact of one’s single aspiration. endowment. and household influences. Ambition In Outliers. Gladwell states that â€Å"people don’t rise from nothing† ( pg. 19 ) and wholly discounts the function an individual’s aspiration dramas in accomplishing success. When a pupil. or an jock. possesses a strong desire for success. regardless of their age or birth day of the month. it drives them to stand out beyond the normal scope. A perfect illustration of this would be a immature miss named Stephanie Bradley. She wanted to be a physician. Stephanie grew up in a little bluish neckband community in rural Texas. Her parents were non college educated and lived merely somewhat above the poorness line. She attended a little. public. 2A high school. with mean instructors. In add-on. she was the youngest in her category. in instances. by more than a twelvemonth because of a mid-July birthday. What set her apart from the other pupils was her desire for success and her passion for medical specialty. This aspiration drove her to work difficult and smart. stay focused. and neer take her oculus off her ultimate end. Along the manner. she made forfeits. but neer veered off class. She didn’t have any chances above and beyond 1s she created on her ain. Born With It Sheer endowment is another cardinal factor responsible for success and lies with the group of jocks that achieve success without the benefit accumulative advantages. These are the jocks who are born with a endowment that supersedes the accomplishment of other jocks. There is a difference between accomplishment and endowment. Skill is something that requires developing and experience to make good. whereas. endowment is a natural ability to vie with exceeding ability. ( Bing lexicon. 2014 ) While this endowment is rare to happen. when it exist. these jocks can happen success regardless of where their birthday falls on a calendar. One such athlete exists right now on a local high school swim squad. Taylor is a high school fresher who didn’t compete in small league athleticss. since his parents were more artsy than athletic and they neer had the fiscal resources to pay for extracurricular activities. In his first-year twelvemonth. a friend asked him to fall in the swim squad. Havi ng neer competed athletically. Taylor was hesitating but agreed. To everyone’s astonishment. he medaled at his first swim meet. Not merely in one event. but two. The following hebdomad. more success. more wins. His really first twelvemonth swimming. he won at territory. regional’s and is ranked 4th in the province. There is now talk of Olympic tests. He has competed and won against jocks who have been swimming since the age of four. hold logged 1000s of hours in the pool. and whose parents have spend tremendous sums of money on private managers. However. Taylor wins holding neer received those types of chances. He wins because of his natural born endowment. Family An individual’s household influences can besides hold a important impact on one’s success. While Gladwell acknowledges that heritage and civilization program a function in success or failure as illustrated in the Harlan. Kentucky and The Ethic Theory of Plane Crashes chapters. he doesn’t recognition straight. the parents. grandparents. every bit good as. siblings that can supply a cardinal component in making success. For illustration. if a parent has a strong desire to go through along their cognition or accomplishments in a peculiar athletics. they are likely to get down that procedure at a really early age which consequences in increased pattern clip developing the child’s accomplishment. This parent might besides provide extra preparation above and beyond what a typical manager would supply. The household could besides hold connexions with managers or instructors that allow for added direction. Siblings can besides force persons to a higher degree of p ublic presentation. For illustration. holding an older brother who plays baseball with a younger sibling will be supplying farther exposure that can develop their accomplishments. All this extra preparation and experience can develop a kid in front of the curve. regardless of their birth day of the month. The Other 32 % Gladwell’s illustration of the roll of hockey participants on the Medicine Hat squad showed that â€Å"seventeen of the 25 participants on the team† ( pg. 23 ) had the perfect birth month for the athletics. He credited their January. February. March and April birthdays for their success. However. that means that eight out of the 25 participants ( 32 % ) on the squad were successful. without the benefit of the perfect birth month. This group isn’t the largest per centum of participants on the squad but it does demo that success isn’t based on merely one factor. Gladwell’s statement that success stems from concealed advantages and chances created by those advantages is true in some instances ; successful people are non created from one expression. such as what month their birthday falls. That is merely one piece of the image of success. There are a battalion of factors i. e. aspiration. endowment and household that play a function in finding why perso n is successful and they all need to be encouraged and promoted. MentionsGladwell. Malcolm. Outliers. The Story of Success. New York City: Small. Brown and Company. 2008. 15-34. Print.

Converting Feet to Meters - Conversion Example Problem

Converting Feet to Meters Problem This example problem demonstrates how to convert feet to meters. Feet is the English (American) unit of length or distance, while meters are the metric unit of length. Convert Feet to Meters Problem The average commercial jet flies around an altitude of 32,500 feet. How high is this in meters? Solution 1 foot 0.3048 metersSet up the conversion so ​that the desired unit will be canceled out. In this case, we want m to be the remaining unit.distance in m (distance in ft) x (0.3048 m/1 ft)distance in m (32500 x 0.3048) mdistance in m 9906 m Answer 32,500 feet is equal to 9906 meters.Many conversion factors are difficult to remember. Feet to meters would fall into this category. An alternate method to perform this conversion is to use multiple easily remembered steps.1 foot 12 inches1 inch 2.54 centimeters100 centimeters 1 meterUsing these steps we can express a distance in meters from feet as:distance in m (distance in ft) x (12 in/1 ft) x (2.54 cm/1 in) x (1 m/100 cm)distance in m (distance in ft) x 0.3048 m/ftNote this gives the same conversion factor as above. The only thing to watch out for is for the intermediate units to cancel out.

Futures, forwards and options are used for risk reduction, speculation Essay

Futures, forwards and options are used for risk reduction, speculation and arbitrage purposes - Essay Example will, however focus on three derivatives only; futures, forwards, and options contracts and evaluate their roles in risk reduction, arbitrage purposes, and speculation. Futures are also known as futures contracts in finance. By definition, a futures contract is one that is standardized and features two different parties who agree to buy and/or sell a specific asset with a standard quality and quantity for a price that is agreed on before the actual delivery and payment occurs. However, the delivery and payment day, which occurs on a future date is specified and fixed, and is referred to as the â€Å"delivery date† (Suitcliffe 2006, p. 19). For instance, one may need to buy a specific make of an asset, such as a Smartphone that happens to be out of stock at a certain shop. Owing to the fact that he needs that one make of the phone, they can come to terms with the proprietor that he imports the phone from elsewhere, then sells it to the buyer later for a price that they agree on at that current time. This contract’s negotiation takes place at a futures exchange. A futures exchange or market is itself a neutral financial exchange in whic h trades of standardized futures occur. In short, a futures market acts as an intermediary between the buyer and seller and sees to it that they come to an agreement regarding the exchange of commodities or financial instruments at a certain time with a specific future delivery time (The Telegraph 2014). The party willing to acquire an underlying asset in a later time (future) is called the buyer of the futures contract, whereas the party willing to sell the same is called the seller of the contract. Since the buyer of the contract has the permission to make a deal and await delivery without any variations to the price, he is referred to as â€Å"long†. The seller on his part who has the mandate to deliver the asset on the specified date without altering the price to the buyer is referred to as â€Å"short†. A futures contract, with

Audit Case Study Example | Topics and Well Written Essays - 2000 words

Audit - Case Study Example The auditor should consider whether to acknowledge the commitment since inherent risk increases the generally risk of the audit. It is often beneficial to set aside transactions into three types- routine, non-routine, and evaluation when valuing inherent risk.   Little Digger’s auditors may not use the system that gives the precise outcome to them, the result is mainly inherited by the risk factors as this system is applied to just a small section of the population as opposed to the whole population. This is prone to the misstatement that is said to be the inherent risk. The term inherent risk is applied in auditing and accounting, if there is higher likelihood of material misstatement within the  financial statement, the inherent risk is considered high .It is also used for the misstatement of the business that is there in the financial statement. If the auditors will not lookout at these inherent perils, there would be more inaccuracies in the financial statement, which certainly will lead the organization to the incorrect direction, and consequently the financial statement will not be presenting accurate and just outlook. The auditors had to come up with ways of making an error free or inherent risk free financial statement in order to make their company move in the precise direction by formulating correct assessments .As per the auditor’s opinion, inherent risk improves the auditor's peril as the inherent risk is an element of it. It is therefore essential to minimize the inherent risk in order to diminish the auditor’s risk. Because of this, the auditors can make improper decisions because the proof to back such view will be false.   Detection risk Detection risk is essentially the risk that the measures applied by the auditors will fail to identify material misstatements in the financial accounts. Auditors in Little Diggers Ltd have to ensure accuracy and efficiency in the business with regard to the asset management, transactio ns, and their documentation in the monetary accounts. Besides this, the auditors look for various methods that aid them in measuring future risks that may affect their business. Auditors use a variety of methods to measure the risk, mainly the  risk due to material misstatement Detection risk is allied to other relations i.e. the trade risk, material misstatement risk and its two major elements, which are the control risk and the inherent risk in general. If the material misstatement risk rises, it will lower the detection risk hence the auditors risk increases. The material risk increases when its essentials; control risk and inherent risk increase. The correlation of the risks will assist the administration and the auditors to try such diverse useful ways that will help reduce on risk levels. Control risk Control risk is the likelihood that a material misstatement exists in an allegation since either that misstatement was not barred from entering entity’s economic stateme nts or it was not identified and approved by the internal control system of the unit. It is the duty of the organization and those responsible with authority to execute internal control system and uphold it properly. However if internal control system is discovering and correcting misstatements then inherent harms will creep in

Analyzing current Fallacies; Peer Counseling on Writing Assignment

Analyzing current Fallacies; Peer Counseling on Writing - Assignment Example This is a situation whereby when one is associated with somebody or is used to someone, he is thought to be like that person and embraces his ideology. â€Å"People think that epilepsy is divine simply because they dont have any idea what causes epilepsy. But I believe that someday we will understand what causes epilepsy, and at that moment, we will cease to believe that its divine. And so it is with everything in the universe† This is a superstitious argument and thus fallacious based on ignorance. I am not confident with this example. â€Å"We have reached a point today where labor-saving devices are good only when they do not throw the worker out of his job.† This is fallacious based on the lack of understanding or misconception. I am confident with this example of fallacy. â€Å"I had become too accustomed to the pseudo-Left new style, whereby if your opponent thought he had identified your lowest possible motive, he was quite certain that he had isolated the only real one. This vulgar method, which is now the norm and the standard in much non-Left journalism as well, is designed to have the effect of making any noisy moron into a master analyst.† This is ad-hominem arguments and thus fallacious. I am not confident with this example. â€Å"Psychobabble attempts to redefine the entire English language just to make a correct statement incorrect. Psychology is the study of why someone would try to do this.† This is a self-justification and thus tagged fallacious. I am confident with this example of fallacy. The following is an example of the fallacy of association; ‘The Republicans are big on this, as when they recently tried to make Barack Obama out to be an extremist because he is associated with Jeremiah Wright and Bill Ayers. If a person knows somebody with extreme views, the implication goes, then that person must be an extremist as well (www.emagill.com/rants/eblog114a.html). Rupert Murdoch: â€Å"Maybe most Moslems [are] peaceful,

Influence of Bollywood on Fashion and Film

Influence of Bollywood on Fashion and Film Film, Fashion, and Beyond: The Influence of Bollywood. The relationship between the world of fashion and the world of cinema is complex and intertwined. Film allows us the opportunity to escape for a few hours into lives that are not our own—lives that may be, in fact, quite different from our own. In a similar vein, fashion gives us the opportunity to re-invent ourselves by constructing our external appearance to accommodate the shift in self-image. These shifts in image often reflect the icons we admire in the movies. Perhaps we cannot become them, but we can become like them. One way in which we do this by following their lead: by adopting the distinctive fashion styles associated with them. Sometimes, this can be something simple, such as buying a new pair of designer jeans. At other times, this can mean embracing a culture that may be foreign to us. This is how Hindi styles have begun to take hold in mainstream fashion. The latest word in film—and in fashion—is Bollywood. Bollywood is used informally to refer to the film industry in India. It was coined as a shortened form of Bombay plus Hollywood. Bombays name has since changed to Mumbai, but the name Bollywood is here to stay—as is the industry: The film industry in Bombay. . . is the biggest in the world. It makes almost double the number of movies and sells a billion more tickets each year than Hollywood (Boyk 2004). The influences of Bollywood are ubiquitous; they can be seen in everything from haute couture fashion to music, often blurring the line between high and low art. In addition, the popularity of Bollywood movies has led to a high demand for the kinds of clothing worn on the big screen. Traditional Hindi dress has become a sought-after commodity all over the world.   The fact that Indian-style clothing has become so in-demand is quite a contrast to years past. Until Indian films became popular, western clothes were the preferred attire, and they dominated the fashion world. Western-style clothing was most often what was worn in movies, and mainstream culture responded to that. Hindi garments, on the other hand, were considered unattractive and out-of-date. This began to change when Mumbai-based movies began to receive acclaim. The stars of these movies wore Indian garments, and this made Hindi-style clothing seem glamorous. Bollywood fashions are no longer regarded as gaudy or unstylish, because there’s top talent working behind the scenes (Melwani 2005). This is a clear example that demonstrates the power of celebrities. Many celebrities are idolized by their fans. Because of this exalted status, the clothing they wear takes on positive associations. Thus, fans who admire them will naturally want to emulate them. They do this by using the same products the stars endorse. At times celebrities will publicly endorse a product, by appearing in a magazine advertisement or a commercial. At other times, however, they do not need to make an effort to sell the product or style of clothing. The mere fact that they are wearing or using it is considered by many to be endorsement enough. Each time one of these stars appears in a film, the clothing they wear becomes a desired commodity. This includes accessories, footwear, and jewelry. In addition, the way they wear the garment can become a trend in itself. For example, if they do something different or daring, chances are that this, too, will be copied by their fans. In fact, it has been asserted that each film is a brand in itself, and as each film releases we have a fresh new brand of fashion and lifestyle products pushing fashion among the masses (Bansal 2005). It seems clear that the film industry is closely intertwined with the world of fashion. After all, selling fashion products is a perception game. While the product needs to be inherently good and wearable, the aspiration value comes from its association with a leading personality who the masses idolise and look up to (Bansal 2005). It is through the subliminal—and not so subliminal messages of film that we grew accustomed to designer names like Tommy Hilfiger or Fubu. The increasing popularity of Hindi films has had a similar effect on our likes and dislikes, as the fashions associated with them have become highly marketable. The most popular role models of Bollywood include such superstars as Bipasha Basu, Madhu Sapre, Katrina Kaif, Dino Morea, and John Abraham The movies themselves are popular for a variety of reasons. First of all, they are usually entertaining, with compelling scenery and appealing musical backgrounds. In addition, they are the types of movies that allow viewers to escape from their own lives and be wrapped up with what is on the screen. Generally they have a plot line that is some variation on the rags-to-riches theme. There is usually some sort of romance, and of course, the boy always gets the girl in Bollywood. These movies also have an appeal that reaches all ages as well as all ethnicities—perhaps because most people like a happy ending. However, Bollywood films may appeal to young Indians on a deeper level. The actors who star in them are true role models, because the films mirror issues that are specific to them: Increasingly these films are about the schizophrenic worlds that contemporary young Indians live in, the worlds of airplanes, blended cultures and the east-west embrace (Melwani 2005). Thus, young people recognize and respond to this. They, too, want to be strong and independent. They express their admiration by modeling themselves after their icons; in addition, they tacitly express their aspirations by emulating the very people who embody them. The explosion of Bollywood fashion has also increased cultural knowledge, as new terms for specific garments filter into other languages. The sari (also spelled saree) is an unstitched piece of cloth that is draped around a womans body; this, of course, the most well known. Other words have cropped up as well, such as salwar-kameez and dupatta. The salwar-kameez refers to a womens suit that usually consists of a kameez (tunic), a salwar (pair of loose pants), and a dupatta (matching scarf worn in various ways). These garments, traditionally worn by women of India, Pakistan, and Bangladesh, are now becoming globally known. In fact, the fashion world within India itself has undergone a transformation. According to fashion designer Ritu Kumar, in India, the fashion scenario was in confusion as it was a turbulent period of conflicting ideologies, when the consciousness of an Indian national identity was beginning to find political expression and the struggle for Indian independence was getting momentum.   Fashion trends prior to Bollywood were dictated by higher echelons of society. This, in turn, was strongly influenced by the British. In addition, the body image of the femme fatale of Hindi women has undergone a similar transformation. Formerly voluptuous and wide-hipped, a new standard has become the rule. The desirable image is now sleek and slim: the high visibility of the indigenous fashion industry also changed the look of the screen siren and shaped a new body image (Rao 2003). The influence of film has played a huge role in changing that. Film clearly has a symbiotic relationship with fashion. What is shown on the silver screen often makes its way into our own lives on some level. There are a number of dynamics at work here. As Entwistle has asserted, dress is tied up to social life in more than one way: it is produced out of economic, political, technological conditions as well as conditions shaped by social., cultural, aesthetic ideas (2000:111). The link between cinema and mainstream fashion is easily apparent. What is seen on the silver screen by movie viewers one day, will often end up being a popular commodity the next. Movies provide an outlet for viewers—a chance to step out of their own lives and into the lives of other—usually glamorous—people. Fashion does this in a similar way, allowing its adherents the freedom to re-invent themselves. Often, the selves they try to emulate are those of the icons they admire in film; therefore it seems natural that they emulate the style of dress of those they consider role models. As Joanne Entwistle has so aptly stated it, fashion opens up possibilities for framing the self, however temporarily (2000:139).   The establishment of the Indian cinema also proved to be the strongest influence on the fashion in the decade.Due to the western influence, the use of angarkhas, choghas and jamas diminished considerably by this time,although the ceremonial pagri,safa and topi were widespread as ever. References Bansal, Richa. 2005. Styling a fashion-propelled retail trail. http://www.imagesfashion.com/Cover_story_styling_jan05.html Accessed November 25, 2005. Boyk, David. 2004. Bollywood for the Skeptical. http://www.ocf.berkeley.edu/~dboyk/bollywood/#blurb Accessed November 24, 2005. Entwistle, Joanne. 2000. The Fashioned Body: Fashion, Dress, and Modern Social Theory. Cambridge: Polity Press. Rao, Maithili. 2003 A Decade of Dizzying Changes. Humanscape Magazine, Vol. 10, Issue 11. Melwani, Lavina. 2005. Bollywood is getting some well-earned respect, finally. http://littleindia.com/august2003/Bollywood%20Graduates.htm Accessed November 25, 2005.

How changing the concentration changes the rate of reaction. :: GCSE Chemistry Coursework Investigation

How changing the concentration changes the rate of reaction. Introduction We are going to look at the following factors during this investigation: 1 Why altering rate could be an advantage 2 Good ideas to control the rate of reactions 3 Briefly mention the factors that can change the rate of reaction such as: - Temperature Surface Area Catalyst Concentration I am going to find out if changing the concentration of nitric acid in water and see if it has any effect on changing the rate of which precipitate is formed when reacts with sodium thiosulphate. Prediction I think that a faster reaction will happen with a higher acid concentration as there will be more successful collisions with sodium thiosulphate, which will result in a faster reaction because the product will be produced quicker. Apparatus 1 Conical Flask 2 Beakers 3 Measuring Cylinders Paper with a black cross on Stopwatch Nitric Acid Sodium Thiosulphate Water Safety Glasses Method For my experiment I will measure out 25cm ³ of Sodium Thiosulphate and put it in a conical flask. I will put the flask on top of a piece of paper that has a black cross drawn on it. I will then measure 15cm ³ of Nitric Acid and add this to the Sodium Thiosulphate in the conical flask. The two should react together to make a cloudy precipitate and we are going to time how long it takes for the liquid to turn cloudy until we can’t see the cross underneath the glass anymore. We are going to carry this experiment out a number of times but each time we will decrease the volume of Nitric Acid by 1cm ³ and add 1cm ³ of water. Each time we will decrease the Nitric Acid and increase the volume of water to see which one holds the fastest reaction. Our final amount of Nitric Acid should be 5cm ³ and 10cm ³ of water. I will repeat the experiment 3 times to make sure that my results are as accurate as they can be. I will then record my results onto a graph so I can compare them better and make a line of best-fit graph to show my results even clearly. How will I make it a fair test? To make sure that my experiment is fair I will always use the same amount of Sodium Thiosulphate and the only factor I will change will be the volume of Nitric Acid and water but only to total 15cm ³ so the depth of the liquid will always be the same. Also, I will always use the same conical flask and wash it out after every time I have used it. Evaluation First of all we put our safety goggles on, and then we added 25cm3 of