define hobson's choice
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Hobson's choice A Hobson's choice is a free choice in which only one thing is offered. Because a person may refuse to accept what is offered, the two options are taking it or taking nothing. In other words, one may take it or leave it. The phrase is said to have originated with Thomas Hobson, a livery stable owner in Cambridge, England, who offered customers the choice of either taking the horse in his stall nearest to the door or taking none at all.
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- Spencer adapted Charles Darwin's notion of natural selection and applied the theory to human society in a philosophy that became known as Social Darwinism.. It was Spencer who coined the term survival of the fittest, using it to apply to the fate of rich and poor in a laissez faire capitalist society. Spencer argued that there was nothing unnatural -- and therefore wrong -- with competing and then rising to the top in a cut-throat capitalist world.
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Public Choice Public choice originated as a distinctive field of specialization a half century ago in the works of its founding fathers, Kenneth Arrow, Duncan Black, James Buchanan, Gordon Tullock, Anthony Downs, William Niskanen, Mancur Olson, and William Riker.
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- Harsanyi uses his analysis of choice behind the veil of ignoranceto argue for utilitarianism; that is, maximizing the sum of individual utilit..This paper begins with an observation that has apparently gone unno-ticed: if individuals know themselves, then choice behavior and ...
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What is 'Homo Economicus' Rational Expectations Theory. An economic idea that the people in the economy make choices ... A decision-making process that is based on making choices that ... A term used to describe schools of economic thought considered ...
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Adverse selection The term adverse selection was originally used in insurance. It describes a situation where an individual's demand for insurance is positively correlated with the individual's risk of loss. This can be illustrated by the link between smoking status and mortality. Non-smokers typically live longer than smokers.
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The Paradox of Choice Schwartz describes that a consumer's strategy for most good decisions will involve these steps: 1  Figure out your goal or goals. 2  Evaluate the importance of each goal. 3  Array the options. 4  Evaluate how likely each of the options is to meet your goals. 5  Pick the winning option. 6  Modify goals.
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Choice Theory: A Method for Classroom Management What is Choice Theory? Glasser's Choice Theory is widely used across Australian schools as a way of improving and developing behavioural management practice. Glasser developed 'Control Theory' and 'Reality Theory' 40 years ago and has continued researching and developing these theories.
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Life is a Choice: A Guide to Success in Life Paperback â December 6, 2011 Life is a Choice: A Guide to Success in Life [Dr. David Washington] on Amazon.com. *FREE* shipping on qualifying offers. Life is a Choice is a book for people who want to achieve success. The book is written in a conversational manner to help point out powerful insights for the reader. This book educates the reader about success
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opportunity cost opportunity cost. The value of the opportunity given up in order to take advantage of the one you decide to take.The classic opportunity cost evaluation is the “rent or buy decision.”If a person buys a home,the person gives up the opportunity to invest the down payment money in something else.
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- Tweet. Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale. Definition: Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale.
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Public Choice Public choice, in other words, simply transfers the rational actor model of economic theory to the realm of politics. Two insights follow immediately from economists’ study of collective choice processes. First, the individual becomes the fundamental unit of analysis. Public choice rejects the construction of organic decision-making units, such as “the people,” “the community,” or “society.” Groups do not make choices; only individuals do.
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Family The term family of choice, also sometimes referred to as chosen family, is common within the queer community, both in academic literature and in colloquial vocabulary. It refers to the group of people in an individual's life that satisfies the typical role of family as a support system.
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- 1. The theory of consumer choice assumes that consumers attempt to maximize. a. the difference between total utility and marginal utility. b. average utility. c. total utility. d. marginal utility. 2. Utility refers to the. a. usefulness of a good or service.
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- Pro-Choice represents a respectful climate in which all individuals and families have the ability to take responsibility for their own reproductive destiny. Pro-Choice is an ideology that supports the right to make a decision and support the decision itself.
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Glasser's choice theory Choice theory. This article is about choice theory in psychology and education. For choice theory in economics, see rational choice theory. The term choice theory is the work of William Glasser, MD, author of the book so named, and is the culmination of some 50 years of theory and practice in psychology and counseling.
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CHOICE THEORY Choice Theory Psychology is a new explanation of human behavior developed by Dr. William Glasser, M.D. The Ten Axioms of Choice Theory. The only person whose behavior we can control is our own. All we can give another person is information.
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- A Choice for Veterans: McMorris Rodgers Votes to Extend the Veterans Choice Program. House Republican Conference Chair Cathy McMorris Rodgers (R-WA) released the following statement after the House passed legislation (S. 544) to eliminate the sunset of the Veterans Choice Program. The House version of the legislation was introduced by House Committee on Veterans Affairs Chairman Phil Roe, M.D. (R-TN).
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Whitney Houston as A Gospel Singer: Her Church Beginnings (VIDEO) Again, in 1998, she won Traditional Gospel Song of the Year for I Believe in You and Me with Dottie Rambo. Church member Karen Winfield told CNN she had listened to Whitney and Cissy sing in church, and followed Houston's career for 60 years.
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DEFINITION of 'Chicago Board Options Exchange - CBOE' DEFINITION of 'Chicago Board Options Exchange - CBOE' Founded in 1973, the CBOE is an exchange that focuses on options contracts for individual equities, indexes and interest rates. The CBOE is the world's largest options market. It captures a majority of the options traded. It is also a market leader in developing new financial products and technological innovation, particularly with electronic trading.
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- In microeconomic theory, the opportunity cost of a choice is the value of the best alternative foregone, where a choice needs to be made between several mutually exclusive alternatives given limited resources.: Suppose you have a free ticket to a concert by Band A. The ticket has no resale value. On the night of the concert your next-best alternative entertainment is a performance by Band B for which the tickets cost $40. You like Band B and would usually be willing to pay $50 for a ticket to see them.
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Public Choice The Lessons of Public Choice. One key conclusion of public choice is that changing the identities of the people who hold public office will not produce major changes in policy outcomes. Electing better people will not, by itself, lead to much better government.
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stock option stock options definition. The right to purchase a company's shares at a future date at an agreed price. Companies often give stock options to their executives as an incentive to improve the company's performance and boost its share price.
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Hobson's choice Hobson's choice - Origins. 1  According to a plaque underneath a painting of Hobson donated to Cambridge Guildhall, Hobson had an extensive stable of some 40 horses.
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12 Things You Should Know About the Kushner Family In order to mitigate those conflicts, Ivanka is placing the brand in a trust to be run by her brother-in-law Josh and her sister-in-law, Nicole. Here's what else you need to know about the family of Ivanka Trump's husband, Jared Kushner.
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Hobsons connects learning to life by matching students to opportunity across a lifetime of education decisions. Naviance by Hobsons is a college and career readiness solution that helps districts and schools align student strengths and interests to postsecondary goals, improving student outcomes and connecting learning to life.