Essays on Bandwagon Effect

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1. Cognition refers to the process of human activity, the main content of which is the reflection of objective reality resulted in obtaining of new knowledge about the world. The main feature of social cognition as a form of cognitive activity is the coincidence of the subject and object of knowledge. In the course of social knowledge society cognizes and experiences itself. This coincidence of subject and object of knowledge has an enormous impact on both the process of cognition and its results. The resulting social knowledge is always associated with the interests of individuals - the subjects of ...

Therefore, the regression equation for the staff costs vs. Sales becomes

If the sales increases by 1 million then the model predict the staff, cost will increase by 14.942497 million. The line of best fit indicates a positive linear relationship between the staff cost and sales. The convergence of the points towards the mean further shows little variation in the various factors/variables that determines the staff cost in the company. There is little erroneous data indicated by a single outlier at the upper right corner of the chart. The coefficient of determination further a test to a god fit to the data ...

[Title of Institution] Derby, M. (2014, July 3). Robust June Hiring Moves Forward Likely Fed Rate Hike, J.P. Morgan Says . Retrieved July 4, 2014, from The Wall Street Journal Website: http://blogs.wsj.com/economics/2014/07/03/robust-june-hiring-moves-forward-likely-fed-rate-hike-j-p-morgan-says/?mod=WSJ_hp_LEFTTopStories Summarize the article: The article spoke about the strong employment rate that seems to favor the second half of 2014 in the US. This was something that was not expected by the Feds. Thus, they have projected interest rate to be closer to zero to compensate for the declining economy and help somehow raise expenditure by encouraging consumers to borrow from the bank. However, in the wake ...

Introduction

My friend may be very confident about having found the right answers to his dissertation research question; however, he needs to be aware of the phenomenon of cognitive biases in the research process. This is because occurrence of cognitive bias may affect the credibility of a research and render it erroneous. More so, cognitive biases are more subtle and difficult to comprehend as compared to other research related biases. It is related to one’s common sense and the way information is perceived and synthesised. Thus, it is important to be better aware of this bias and avoid failures in ...