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frank smith

Economics Interactive Tutorial: Discounting Future Income - 2 views

hspm.sph.sc.edu/...Dis.html

discounting payment money info

shared by frank smith on 15 Feb 10 - Cached
  • frank smith on 15 Feb 10
     
    Economics Interactive Tutorial (Instructions) Use Safari (Mac) or Internet Explorer (PC) if you want to print this page with your applet answers. Discounting Future Income and Present Value Copyright © 1997-2002 Samuel L. Baker
Wildcat2030 wildcat

It's all about autonomy: Consumers react negatively when prompted to think about money ... - 1 views

www.sciencecodex.com/_prompted_to_think_about_money

autonomy consumers money

shared by Wildcat2030 wildcat on 15 Sep 11 - No Cached
  • Wildcat2030 wildcat on 15 Sep 11
     
    "Whether they are aware of it or not, consumers dislike being reminded of money-so much that they will rebel against authority figures, according to a new study in the Journal of Consumer Research. "When consumers are reminded of money, do they conform, shrug it off, or react against others' attempts to influence them?" ask authors Jia (Elke) Liu (University of Groningen), Dirk Smeesters (Erasmus University), and Kathleen D. Vohs (University of Minnesota). The researchers found that money reminders lead consumers to react against people who would normally influence their decisions. In three studies, participants were subtly reminded of money by either working on a computer with a hard currency screensaver or by formulating sentences using money-related words. "Because money reminders boost the importance of consumers' autonomy, those subtly reminded of money perceived the authority commands and off-handed peer opinions as threats to their autonomy, which did not occur among those not reminded of money," the authors write. Specifically, the participants who were reminded of money reacted in opposite ways from authority figures or peers when it came to evaluating products. Conversely, participants who were not reminded of money followed commands or suggestions of authorities and peers. "This reactance to social influences only occurs when money-reminded consumers made decisions for themselves," the authors write. "When these consumers were asked to make decisions for a relatively intimate other, they were indifferent to social influences (i.e., the unsolicited opinion of another consumer)." "This research highlights money's ability to stimulate a longing for freedom, and has potential implications for interpersonal communication, advertisers, and markets," the authors write. "Money cues are frequently present in the social environment (e.g., televisions spots mentioning savings or discounts, in-store signage with dollar signs, billboards advertising the state l
Kurt Laitner

Asia Times Online :: Asian news and current affairs - 0 views

www.atimes.com/...ML22Dj03.html

*money history of *chrisjcook profit to payer

shared by Kurt Laitner on 21 Dec 11 - No Cached
  • private banks create credit on the basis of a cushion of capital specified by the Bank of International Settlements in Basel, and this credit created out of thin air is exchanged for interest-bearing Treasury debt
  • The only constraint on credit creation is now the capital cushion that banks must hold to cover defaults by borrowers and operating costs
  • Tax has never in 800 years in the UK been collected and then spent
  • ...10 more annotations...
  • The truth of it is that tax-payers' money has never been anywhere near a tax-payer
  • fund that expenditure through the unnecessary issue and sale of interest-bearing debt to private banks, and through taxation
  • Public spending on credit came first, and when stock was returned in payment of taxation this credit/money was retired.
  • I believe that the collapse of Lehman Brothers in October 2008 will come to be seen as the definitive end of the centralized, but connected, Economy 2.0 paradigm operated by and for the profit of middlemen.
  • there has been a parallel series of innovations in legal vehicles for investment in productive assets, involving trust law and partnership law, rather than company law
  • In my home turf of the oil market, all the signs are that in the absence of massive new flows of quantitative easing dollars from the Federal Reserve, and/or substantial cuts in oil production, especially from members of the Organization of the Petroleum Exporting Countries, there will be a collapse in oil market prices in the first quarter of 2012. Indeed, some market participants have already taken option positions in the oil market in anticipation (or in fear) of a fall in the oil price as low as $45 per barrel in 2012.
  • Owners of productive assets simply create and issue undated credits/units that are redeemable in payment for the use of the asset. For example $1.00's worth of rental revenues pre-sold for 80 cents will give an absolute return of 25%, but the rate of return depends - literally - upon the rate at which units of stock may be returned to the issuer and redeemed against use.
  • users of productive assets such as occupiers will always buy stock at a price less than face value in order to redeem it against use.
  • My vision of a 21st century "Open Capitalism" is of new forms of stock based upon land rentals which will come to be what are essentially networked land-based national currencies created literally from the ground up.
  • Open capital - Stock may in fact be seen as currency sold forward at a wholesale discount
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