Blogspot Term Papers Samples For Students

Law

A credit card agreement is a legal contract between a bank or financial institution that issues the credit card and the consumer who uses the credit card. On the one hand the banks want “freedom of contract,” while on the other hand the consumer wants transparency from the banks and the right to negotiate terms. (Talking, 2009, thecitizens.blogspot.gr) From the banks point of view consumers have the option to accept or to not accept the terms of the agreement. This is true because consumers can theoretically choose to never use credit cards. But from the consumers’ point of view there is ...

In 2008 the world, and the U.S. in particular, were hit by what is referred to as the worst financial crisis since the Global Depression. Unusually severe crisis provoked unusually aggressive response from the Federal Reserve, and their actions still remain the topic of numerous debates – some argue that the response neglected long-term consequences focusing only on stabilizing the situation in the short perspective (Meltzer, 2012), while the others point out that had the government not intervened, 2010 GDP would have been 11,5% lower and number of people employed would been lower by 8,5 million (Blinder & Zandi, ...

Introduction

Prospect theory is defined as human thriftiness behavior that explains how the human opt the most risky casuistry alternatives knowing the level of consequences they will have to face afterwards. This theory describes that usually people assess the probabilistic alternatives keeping in mind their possible gains and losses using common sense techniques rather than keeping focus on the final consequences. This model focuses on real-life facts rather than talking about idealistic approach. Professor Daniel Kaheman, in assistance of Amos Tversky, developed this theory in 1979 at Psychology Department of Princeton University as a more realistic and psychologically quite optimum explanation ...