Sabtu, 08 Desember 2012

[S195.Ebook] PDF Ebook Daunting Days of Winter (The Kyle Tait Series Book 2), by Ray Gorham

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Daunting Days of Winter (The Kyle Tait Series Book 2), by Ray Gorham

Kyle Tait, having survived the harrowing, cross-country journey home to his family, must now struggle for existence in a post-EMP world that no one could have imagined just three short months prior. Each day brings new challenges – how to fight the bitter cold, where to scavenge food for the table, how to best fend off intruders and keep their community safe.

As the cold, dark days of winter begin the slow transition to spring, the Tait family is faced with a challenge that dwarves all others and threatens to shatter their already precarious grip on sanity. Kyle and Jennifer are once again forced to endure a trial that threatens the survival of each member of their family.

Follow Kyle, Jennifer, and the citizens of Deer Creek, MT as they plumb the depths of their resourcefulness, strength, endurance, and humanity while struggling together to survive the daunting days of winter. Written with the same thread of hope and optimism that seasoned the account of Kyle’s epic journey home, Daunting Days of Winter is Ray Gorham’s long-awaited sequel to his best seller, 77 Days in September.


About the Author:

Ray Gorham is a full time husband, father, and log home builder, and a part time novelist. He lives happily with his family in Shepherd, MT, and spends what time he can find slowly piecing together his stories. An immigrant to the United States, Ray believes both in the promise of America, and in the responsibility of each citizen to do their part to protect their freedoms.

  • Sales Rank: #80661 in eBooks
  • Published on: 2014-04-07
  • Released on: 2014-04-07
  • Format: Kindle eBook

About the Author
Ray Gorham is a full-time husband, father, and log home builder, and a part-time novelist. He lives happily with his family in Shepherd, Montana, and spends what time he can find slowly piecing together his stories.

Neil Hellegers is a narrator, actor, and educator who lives in Brooklyn, New York. On stage, he has performed Shakespeare and new works in New York City, regionally, and internationally. On camera, he has appeared on film, television, and in numerous commercials, embodying many a goofy dad.

Most helpful customer reviews

16 of 17 people found the following review helpful.
Daunting but Hopeful
By Kindle Customer
Nicely written sequel to the well done "77 Days of September", this story has some holes for sure but makes for an interesting read. I did find the reason for Kyle's trip to more than a bit contrived, and the mystery really wasn't one at all. On the other hand, the reappearance of an old friend was a welcomed one. Ty was a great character as well and plays a nice role in the story. Personally, I thought the community situation seems a little too prosperous given the state of the world but I guess the author didn't want to write a book too gloomy for people to read. All in all, a pretty good effort. I would give three and a half stars but had to round up since this is better than a three star story.

SPOILER ALERT:
I really enjoyed reading Rose's journey but once she got to the community, she seemed to disappear until the end of the book. Nothing is really shown of Kyle's reunion with her and it was like the author left out a chapter or two there.

9 of 9 people found the following review helpful.
An even better read.
By Stanley C. Pate
While I greatly enjoyed and highly recommended the first book I found this one even better. If I remember correctly the first book was the authors first attempt at writings book and it was a commendable effort and well worth the read. Even though I'd highly recommend that you read the first book before reading this one, this book could be read by itself and enjoyed. It is obvious from this book that the writers craft is evolving into something very special to enjoy, if there's a book number three I will be buying it. Enjoy the read.

6 of 6 people found the following review helpful.
A good sequel
By Lyn
I think that if I had read this book first I would not have been as interested in the series, but I read the "77 Days in September" first and couldn't wait to find out what happened after Kyle got home. Writing a sequel that was just as good as the first book had to be tough and I didn't think it was as good, however, if another book in this series comes along I would definitely read it. I have to say that I love the writer's style and it is a pleasure to read a book about events such as the one in the book without reading pages and pages of info on what type of guns everyone has and all the ammo that they use in those guns and what kind of range the guns have and what type of sites (spelling?) the guns have etc. I have two guns myself and my husband hunts and has guns so I am not anti-gun but enough is enough. This author puts the focus on the people and their feelings and reactions. Not everyone is good and not everyone is evil. The events in this sequel were sometimes a little hard to imagine as believable. Kyle should be nominated for sainthood....no grudges and eternal patience. It is nice to think that a community could pull together under the kind of stress that this community faces. I live in a small, rural town and no one can agree on something a simple as a leash law for dogs but I would like to believe that communities can come together in emergencies. The ending was an interesting twist and now what happens?

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Jumat, 07 Desember 2012

[X127.Ebook] Ebook Free Live For You (Boys of the South Book 1), by Marquita Valentine

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Live For You (Boys of the South Book 1), by Marquita Valentine

A�night of hardcore partying and poor choices forces country music's hottest star,Violet Lynn, to search for a quick getaway, far from the prying eyes of the paparazzi.� Finding comfort in her grandmother's home in North Carolina,Violet embraces�her anonymity�in the small town.
After a chance meeting with the charming and handsome, Cole Morgan, Violet sees a new beginning in the quiet little town.��Although, Cole has some secrets of his own--secrets he isn't too keen on sharing. As they grow closer, Cole and Violet can't resist their undeniable attraction.�But when Nashville wants their Princess of Country Music back, Violet must make a choice--live for her dreams or live for heart?��


Boys of the South Series:
Live For You- Cole
Only For You- conclusion to Cole and Violet's story
True For You- Jackson
All For You- West
Wish For You- Wyatt
Burn For You-Beau
Melt For You- Parker

  • Sales Rank: #73423 in eBooks
  • Published on: 2013-05-17
  • Released on: 2013-05-17
  • Format: Kindle eBook

Review
"With a vibe that reminded me of a nice cross of The Vincent Boys and Tidal, Live For You was quite the treat. This is only the beginning of the Boys of the South series, and I cannot wait for more!" ~ Andrea at The Bookish Babe"I was sucked into this book instantly.� Couldn't put it down. ��My favorite is when I was reading Cole's POV because he is funny as hell. �Plus, Cole's dirty talk was �hot! �He is just the ultimate OH SO GOOD, bad boy." ~ Hillz at Love N. Books"One of the things I absolutely loved is that the characters were so well thought out and developed and they don't fit the mold you expect them to which is a welcoming surprise. I highly recommend reading this book!" ~ Rose at Rose's Book Blog"The sex scenes are straight up hot, the other characters are sufficiently interesting and, the dialogue is both appropriate and smooth.� Overall, I am a bit smitten with Cole and am certain I am going to be continuing my love affair with the�Boys of the South�series." ~ ROLOPOLOBOOKBLOG"The chemistry between Cole and Violet is amazing and I loved how passionate they both were for each other.��Not that both Cole and Violet don't make mistakes along the way, but they worked really well to make it all work out." ~ Liza at Blogging By Liza "Here's the bottom line: if you are looking for a New Adult romance, I would suggest going after�Live For You." ~ Melody at What I'm Reading

About the Author
New York Times Bestselling Author, Marquita Valentine, writes sexy heroes that make you swoon and sassy heroines that make you laugh. She's the author of the bestselling contemporary romance series, Holland Springs, and the new adult romance series, Boys of the South.

Marquita met her husband aka Hot Builder at Sonic when they were in high school. She suggests this location to all of her single friends in search of a good man--and if that doesn't work, they can console themselves with cheesy tatertots. She lives in North Carolina in a very, very small town with Hot Builder and their two children.

Most helpful customer reviews

93 of 99 people found the following review helpful.
Not a fan of incomplete stories
By Iowegian
And this book just ended without a conclusion to the story. I feel cheated that I'd have to buy another book to get my romance, so I probably won't. If new authors want us to take a risk and try their stories...The should write a COMPLETE STORY.

45 of 51 people found the following review helpful.
not the best story
By Mary W.
The best I can say about this story is at least I only paid 99 cents for it. The story was given so many five star reviews I thought it must be a good book. It also sounded like a good story ( troubled country star falls in love while hiding out from her troubled past... ). The story was written more for teenagers. If you are over the age of 30 this story will more than likely not do it for you. There was this double sided narrative that made the scenes painfully long and go on forever. Plus the problems between the two characters were stupid. I also found it hard to believe that nobody recognized a famous country star who was on the cover of tabloid magazines just because she cut her hair. In the end I just did not care about their story and found myself not finishing this book. There are just to many good books to waste my time on this one.

26 of 30 people found the following review helpful.
Sorry...
By JustMe23
I'm sorry but this story really didn't do it for me. The writing, although mediocre wasn't absolutely horrible, I found all the mistakes so distracting that I either; couldn't understand what the author was trying to convey. Or, I spent too much time correcting grammatical errors. No one is perfect, and I expect a few errors but I couldn't ignore it throughout the story.
The heroine also wasn't my type of girl. She was weak, crying in every scene where she and Cole tried to have an adult conversation, and didn't seem to redeem herself in the story at all. The plot was mediocre as well and although I liked the secondary characters I found questions about their characters that weren't answered.
Does Lacey have a disability?
What happened with her and Wyatt?
Does Beau ever meet Violet?
And I understand that Cole doesn't allow country music to be played at his bar but how come no one else in North Carolina
Recognized Violet? If she's a famous country singer cutting her hair shouldn't make invisible. Maybe these things will be explained in the second book but I won't waste my money to find out.

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Kamis, 06 Desember 2012

[L151.Ebook] Ebook Free Improvising Medicine: An African Oncology Ward in an Emerging Cancer Epidemic, by Julie Livingston

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Improvising Medicine: An African Oncology Ward in an Emerging Cancer Epidemic, by Julie Livingston

In Improvising Medicine, Julie Livingston tells the story of Botswana's only dedicated cancer ward, located in its capital city of Gaborone. This affecting ethnography follows patients, their relatives, and ward staff as a cancer epidemic emerged in Botswana. The epidemic is part of an ongoing surge in cancers across the global south; the stories of Botswana's oncology ward dramatize the human stakes and intellectual and institutional challenges of an epidemic that will shape the future of global health. They convey the contingencies of high-tech medicine in a hospital where vital machines are often broken, drugs go in and out of stock, and bed-space is always at a premium. They also reveal cancer as something that happens between people. Serious illness, care, pain, disfigurement, and even death emerge as deeply social experiences. Livingston describes the cancer ward in terms of the bureaucracy, vulnerability, power, biomedical science, mortality, and hope that shape contemporary experience in southern Africa. Her ethnography is a profound reflection on the social orchestration of hope and futility in an African hospital, the politics and economics of healthcare in Africa, and palliation and disfigurement across the global south.

  • Sales Rank: #122889 in eBooks
  • Published on: 2012-08-01
  • Released on: 2012-08-01
  • Format: Kindle eBook

Review
“Improvising Medicine is a luminous book by a highly respected Africanist whose work creatively bridges anthropology and history. A product of intense listening and observation, deep care, and superb analytical work, it will become a canonical ethnography of medicine in the global south and will have a big impact across the social sciences and medical humanities.”—Jo�o Biehl, author of Will to Live: AIDS Therapies and the Politics of Survival and Vita: Life in a Zone of Social Abandonment

"Improvising Medicine is as good as it gets. It is a book that will be read for decades to come. I have always thought that great ethnography transcends the specificities of time and place, of the particular, to offer a glimpse of the universal. This gripping book does just that, and the subtle and grounded way that it speaks to global health and debates in medical anthropology makes it a major addition to both fields."—Vinh-Kim Nguyen, M.D., author of The Republic of Therapy: Triage and Sovereignty in West Africa's Time of AIDS

“This book will find a ready readership among Africanists and medical anthropologists. I envision its wider use in g'lobal health' courses, where it will challenge aspiring health workers accustomed to locating hope for medical development in scalable technical interventions... Cancer care, Livingston shows us—like medicine, like development—often requires starting over, usually entails improvisation, and always calls for hard labor by particular individuals in the face of destructive political and economic forces. Improvising Medicine reminds us effectively, sometimes devastatingly, how intractably human this thing called 'health care' is.” (Claire Wendland American Ethnologist)

“This is an excellent ethnography that should (and undoubtedly will) be read and taught by anthropologists, historians, science studies scholars, and interdisciplinary scholars of Africa…. students and practitioners of global health should be reading Improvising Medicine, in which African cancer is made visible and the clinical science of oncology is never divorced from the moral labor and political conditions of care.” (Johanna Crane African Studies Review)

“Improvising Medicine is best suited to those who are interested in global health or who provide medical care across cultures. While its primary subject is cancer, the points the author makes regarding the view of medical care priorities in resource-poor countries, as well as the culture-dependent experience of disease, are well taken and can be applied to work in other areas of the world.” (Holly Salzman Family Medicine)

“In Improvising Medicine, Julie Livingston presents a vivid ethnography of cancer management in an African hospital ward...This book is rich in textual and visual data and is theoretically well informed. It is a model of ethnographic work and an excellent monograph in global medicine and health systems research.” (Benson Mulemi Social History of Medicine)

“Although this scholarly work explores a harsh and distressing reality, it is well written, with a warmth and compassion that will make it accessible and appealing to a broad readership… This book will have a direct and sustained impact across fields of social sciences and medical humanities – as it can provide an important perspective often lacking within the paternalistic global health debates.” (Karen Barnes Journal of Southern African Studies)

“Improvising Medicine is an exquisite ethnography, replete with both specific, richly observed encounters at a cancer ward in Botswana and broader, urgent arguments for anthropology and global health. . . . Drawing on beautifully rendered ethnographic evidence, Improvising Medicine tells a compelling story that is relevant for anthropology and beyond.” (Anne Pollock Journal of Anthropological Research)

“That Improvising Medicine is at times difficult to read is a testament to Livingston’s observational and storytelling skills, her ability to allow us to imagine what it might feel like to be a patient, caregiver, nurse, or doctor in an African hospital. This is a remarkable book that deserves and will surely attract a wide readership.” (Neil Kodesh Journal of African History)

"Improvising Medicine is a brilliant and groundbreaking hospital ethnography, one that grips the reader with its narratives of an institution characterized by constant precarity, where supplies, medications, procedures, and staff are never assured.... Improvising Medicine should interest diverse audiences. These include medical anthropologists, sociologists, social historians of Africa, public health specialists, and scholars across disciplines with interest in the cultures and practices of biomedicine, the morality of care, and the comparative analysis of medical ethics." (Carolyn Sargent Medical Anthropology Quarterly 2016-06-14)

About the Author

Julie Livingston is Associate Professor of History at Rutgers University. She is the author of Debility and the Moral Imagination in Botswana and a coeditor of Three Shots at Prevention: The HPV Vaccine and the Politics of Medicine's Simple Solutions and A Death Retold: Jesica Santillan, the Bungled Transplant, and Paradoxes of Medical Citizenship.

Most helpful customer reviews

3 of 3 people found the following review helpful.
Dynamite account of Botswana cancer hospital
By Spring Texan
Anyone interested in medical anthropology can use this thoughtful and observant book. Livingston is the daughter of an oncologist and she states in the introduction: "In the face of many deaths I have witnessed since childhood, I have also questioned oncology's rituals, its liturgy, and the excesses to which blind faith and desperation can lead. . . . [In Botswana] I came to understand that while cancer with oncology was awful, cancer without oncology could be obscene."

She puts the things she observes in the context of rising cancer rates in Africa and general unavailability of treatment, especially given forced-by-IMF privatization and expensive cancer drug patents. In a still-public hospital in Botswana which at least has an ethos of caring and an excellent oncologist, Livingston is, as she realizes, in one of the better possible settings in the environment, but the hospital staff struggles mightily with limited resources, hordes of patients, lack of treatment drugs and palliative drugs, and in general tremendous difficulties. How the patients and the staff manage and conceptualize things is astutely observed.

Yet at the end the book leaves me touched, yes, but also angry about the marginalization of African health care and disease and about the drug patent system, as well as somewhat frustrated at how ephemeral any local gains can be without any sort of steady or rational progress, but grateful for people who are willing to deal with things as best they can regardless of that. And grateful for this fine book.

0 of 0 people found the following review helpful.
This is an amazing, fascinating
By Chris
This is an amazing, fascinating, heart wrenching book. A colleague recommended it to me for a class I'm teaching on Global Health and Development. Since I have tended to focus on general development more than health studies, I got a copy of this and was totally blown away when I read it. Great book for anyone interested in these issues!

0 of 0 people found the following review helpful.
great!
By Customer
The book arrived promptly and in good condition. Livingston makes a valuable contribution to the literature on health care, sickness, and variability within human practices and experiences

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Sabtu, 01 Desember 2012

[P748.Ebook] Download PDF Star Wars: The Annotated Screenplays, by Laurent Bouzereau

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Star Wars: The Annotated Screenplays, by Laurent Bouzereau

n all three full-length screenplays, presented with the secrets that led to their creation. Through hours of exclusive interviews with George Lucas and others involved in crafting the original trilogy, Laurent Bouzereau has uncovered the complex process through which life was breathed into the legendary Star Wars saga.

  • Sales Rank: #729424 in Books
  • Published on: 1997-09-08
  • Released on: 1997-09-08
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.24" h x .69" w x 5.52" l,
  • Binding: Paperback
  • 336 pages

Most helpful customer reviews

5 of 5 people found the following review helpful.
A Perfect Argument Solver
By Alex Diaz-Granados
Star Wars: The Annotated Screenplays is not only a collection of the scripts for A New Hope, The Empire Strikes Back, and Return of the Jedi, all of which were individually published in various forms. It is also replete with notes and commentary on the evolution of each screenplay from story ideas to final drafts. While it might irritate a few readers (the effect is rather like literary Pop Up videos), the commentary reveals that what we saw on the silver screen was not what was originally conceived by George Lucas. While to a few fans who read Dale Pollock's Skywalking: The Life and Films of George Lucas some of this new information isn't so new, to most fans the constant changes in the characters and situations will be enlightening.
Also, material from the Special Edition appears in boxes alongside the original versions of the final scripts. Enjoy! (And have this tome handy to settle trivia disputes that previously could only be settled by a Jedi Knight!)

21 of 23 people found the following review helpful.
Feel the Force
By Jack H. Lee
If there was one flaw to the book is that it doesn't really contain the "screenplays" of the classic trilogy, per se. It's really a word-by-word, scene-by-scene *transcript* of the movies as we know them, including the material added for the Special Edition.
It would have been nice if the book contained, for example, the final written draft of the screenplay, and then annotated with the changes in the dialogue and settings made during filming. All three films had a lot of extra stuff that was filmed but not seen in the final cut, although some of it is referred to in this book. The novelizations of the film do contain many of these "cut scenes" (i.e., Luke hanging out with his friends in Star Wars, more training with Yoda in The Empire Strikes Back, etc.). This book should have included all those cut scenes from the actual screenplay and explained why they were cut (i.e., for running time, because the f/x wasn't working, they felt certain scenes weren't needed etc.) Perhaps we will get to see all of that when the classic trilogy makes its way to DVD later in 2004...
Too bad that some of the comments that Lucas said (when he made these comments in 1997) made the prequels sound more promising than what's been delivered so far.

17 of 18 people found the following review helpful.
My favorite published Star Wars scripts book!
By Zagnorch
One great way to gauge the popularity of the original Star Wars trilogy: just check out all the different versions of the movies' scripts that have been published over the years. First, there were the original Art of Star Wars books. Then, there were the updated Art of Star Wars books. Then there were the Premiere Magazine Movie Script Library editions. Then yet another updated Art of Star Wars series (this time with the Special Edition stuff). And that's not including the NPR radio drama scripts!
Out of all of these, however, my preferred SW script book is the "Star Wars Trilogy Annotated Screenplays". It has the lines to all three flicks all in one convenient 320-page-long paperback. But, there's more to like about this particular paperback than mere convenience and saving of shelf space. It also includes various footnote/endnote comments by George Lucas, Joe Johnston, Irvin Kershner, and other folks who worked on the movies and influenced the screenplays. Most of the discussions regard the genesis of various scenes, how the characters evolved from their original incarnations to what you see on the screen today, parts that were altered, what the alterations were, and other little-known behind-the-scenes bits. Also included are the Special Edition revamps, highlighted in grey. So not only do you get the complete screenplays, you also get insight on what it took to evolve, create, and eventually realize this legendary cinematic trifecta. This one's definitely a must-have for both Star Wars geeks (especially you live-action-adventure RPG types out there) and Hollywood history buffs.
There are a few downsides to this book, however. Being in paperback format with plain novel-grade paper, this book isn't quite as durable as some of the other screenplays. Also, the print is rather small (especially the scripts), and is likely a real bear to read for folks who lack perfect eyesight. You might have to break out the magnifying glass for this one!
'Late!

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Selasa, 27 November 2012

[H464.Ebook] PDF Ebook Houghton Mifflin Social Studies: A More Perfect Union, Teacher's EditionFrom Houghton Mifflin

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Houghton Mifflin Social Studies: A More Perfect Union, Teacher's EditionFrom Houghton Mifflin

  • Sales Rank: #2008651 in Books
  • Published on: 1991
  • Binding: Hardcover
  • 747 pages

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Jumat, 23 November 2012

[M457.Ebook] Download Choices, Values, and FramesFrom Cambridge University Press

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Choices, Values, and FramesFrom Cambridge University Press

Choices, Values, and Frames presents an empirical and theoretical challenge to classical utility theory, offering prospect theory as an alternative framework. Extensions and applications to diverse economic phenomena and to studies of consumer behavior are discussed. The book also elaborates on framing effects and other demonstrations that preferences are constructed in context, and it develops new approaches to the standard view of choice-based utility. As with the classic 1982 volume, Judgment Under Uncertainty, this volume is comprised of papers published in diverse academic journals. The editors have written several new chapters and a preface to provide a context for the work.

  • Sales Rank: #4830973 in Books
  • Published on: 2000-09-25
  • Original language: English
  • Dimensions: 9.21" h x 1.38" w x 6.14" l,
  • Binding: Hardcover
  • 848 pages

Review
"Daniel Kahneman and the late Amos Tversky have started a new perspective on the traditional economic categories of choice, decision, and value. A series of experimental and empirical studies by them and others have rejected traditional economic assumptions of rationality. Even more importantly, these scholars have developed alternative generalizations with significant predictive power and have found empirical verification for them. This outstanding collection of studies will make these new results widely accessible." Kenneth J. Arrow, Joan Kenney Professor of Economics, Emeritus and Professor of Operations Research, Emeritus, Stanford University

From the Publisher
Daniel Kahneman is co-winner of the 2002 Nobel Memorial Prize in Economic Sciences. The award was bestowed in recognition of the influential research conducted by Kahneman and his long-time collaborator, the late Amos Tversky, on the psychology of human judgment and decision-making. According to a recent article published in the journal Psychological Science, the research program initiated by Kahneman and Tversky is considered psychology’s "leading intellectual export to the wider academic world." Current scholarship and research in medicine, law, public policy, international relations, and economics has been profoundly shaped by their insights into human rationality.

About the Author
Kahneman is the Eugene Higgins Professor of Psychology and Professor of Public Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University. He has been a faculty member at Hebrew University, Israel, the University of British Columbia, Canada, and the University of California, Berkeley.

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73 of 73 people found the following review helpful.
SIGNIFICANT ADVANCES IN ECONOMICS THAT LED TO NOBEL PRIZE
By Denis Benchimol Minev
Kahneman and Tversky's compilation of articles in this book is an outstanding exposition of recent advances in cognitive psychology, especially advances associated with prospect theory. The work presented in this volume is largely responsible for the authors being awarded the Nobel Prize (Tversky died before receiving it).
The text is somewhat dense at parts, being aimed at economists and psychologists with some mathematical familiarity. However, the portions of the book that require much mathematics can safely be bypassed without losing much of the substance of the text. This text is the most credible presentation of an alternative theory to the rational actor theory usually assumed in economics. For example, some of the articles help explain the magnitude of the equity return premium, or help show how people make choices differently in similar situations based simply on the way the situation is presented.
I would highly recommend this book to anyone interested in decision making theory, especially as it relates to consumer behavior. It is a brilliant volume that includes the most important articles by the leading mind in the field.

5 of 5 people found the following review helpful.
Risk decisions finally explained
By Beaumont Vance
I wonder, what can one say abot work that has already won the Nobel Prize that can possibly add to the estimation of a work? Being far too insignificant to lend any great weight to the already abundant praise for this work, I can only perhaps illuminate an application of the material that seems to have been overlooked.

Regarding the field of risk management (not the wll street kind, but just regular risk decision making in business) this book is of inestimable value. I have often notices certain biases towards risk aversion or risk taking when business decisions are beign made. Much seemed to be due to the context. This work shows exactly why and how decision bias arises. This is the foundation for the creation of a useful risk decision analytical framework.

The paper of interest to me relate to why people will choose to take or avoid risks that, according to utility theory, are the wrong decisions. For example, why pepole buy insurance even when it is a better financial choice to be uninsured. These works explain why and under what circumstances one's biases override logic. Why this is not a common text on the desk of every risk manager, I will never know.

In this one volume, there is enough information to design an utterly new field of risk management and to solve most every problem one can face. This has become the one reference material that I considre indespensible. throw out the CPCU and ARM texts that you never use and can't bear to read ever again. Chuck them and place this volume in their place and you will be far, far better off.

11 of 13 people found the following review helpful.
A relatively new but useful paradigm for risk management
By Dr. Lee D. Carlson
Most, if not all who have done financial modeling have made some use of prospect theory in order to assess and measure risk in financial instruments, although this use has yet to be widespread throughout the risk management community. The reason for this is very simple: prospect theory gives another view of risk that is different from the traditional one offered by classical economics, and one that is closer to what is exemplified in real economic data. Its theoretical foundations are less clear however, as compared to what is found in the now canonical approaches to risk based on Merton, Black, Scholes, etc. In prospect theory it is assumed that individuals make financial decisions relative to a reference point, and loss aversion plays a predominant role. In housing markets for example, some homeowners are reluctant to sell their properties if the prices fall below the market value. Empirical data shows that when house prices decline, houses sit for exceedingly long periods of time with their asking prices exceeding greatly the expected selling prices. These houses are usually withdrawn from the market without being sold. Classical economic theory would suggest that they would be sold with the asking price being very close to the market price, since the sellers are assumed to be rational and weigh expected gains in the same way as they expected losses. In prospect theory however, the value function for an individual is concave in gains but convex in losses, and is much more sensitive to losses that to gains of an equivalent size.

Prospect theory is thoroughly and beautifully discussed in this book and this is due to some degree by the presence of articles written by Daniel Kahneman and Amos Tversky, its originators. As outlined by these two researchers, prospect theory asserts that individuals tend to be sensitive to changes in values rather than absolute values and have diminishing marginal sensitivity to changes. This is reflected in the shape of their utility functions: qualitatively speaking they are steepest in regions where the marginal sensitivity to change is greatest and then they flatten out in directions where the changes in wealth increase. As a consequence, individuals prefer a small gain that is certain to a larger gain that is uncertain. Conversely, they prefer the possibility of a larger gain than the certainty of a small loss.

To motivate the content of the book, Kahneman writes an excellent preface, giving an overview of what to expect in the book and thus allowing readers to assign their own weights to which particular articles they find of interest. Some readers may want to read the entire book, but it seems likely that only selected articles will be chosen for careful study, based of course on the background of the reader. However, the first article in the book, which was published by Kahneman and Tversky in 1983, should probably be read by everyone interested in prospect theory and its foundations. The second article is a more quantitative formulation of what was said in the first, and contains an in-depth critique of expected utility theory. The content of this article should be helpful to those readers who work in a risk management environment and need to construct realistic models of choice under risk.

If the development of these models is guided by prospect theory, the analyst will arrive at a final product that could with fairness be classified as "microeconomic." The challenge in using prospect theory is to conglomerate the individual choices so that a risk manager can speak intelligently of the risk of a portfolio that is based on these individual choices. Some insight that could guide this development can be found in Part Five of the book, which covers applications of prospect theory. One particular article that stands out in this regard is the one by S. Benartzi and R. H. Thaler on the equity premium puzzle. This article attempts to understand, in the context of prospect theory, why fixed income securities have underperformed relative to stocks for the last nine decades, from about a 7% annual real return on stocks to a 1% return on treasury bills. The author's simulations indicate that the loss aversion aspect of prospect theory gives a better explanation to the equity premium puzzle than the traditional approaches based on expected maximum utility.

Still another interesting article in Part Five is the one on the `money illusion' written by E. Shafir, P. Diamond, and A. Tversky, and which first appeared in publication in 1997. The term `money illusion' is used to refer to the tendency of some individuals to think in terms of nominal values instead of real monetary ones. It is thus at odds to the picture offered by classical economics with its assumption of perfect rationality. The authors point to studies in cognitive psychology that indicate that some individuals form alternative representations of identical situations, and that these lead therefore to different responses. Examples of this are given, leading the authors to assert that the money illusion can be interpreted as a bias in assessing the real value of an economic transaction. This bias is induced by a nominal evaluation and its magnitude is determined by the real salience between the nominal and real representations, and the sophistication of the decision maker. The reviewer has used these types of considerations in modeling home equity markets.

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Rabu, 14 November 2012

[V138.Ebook] Download PDF A Practical Enquiry Into the Philosophy of Education, by James Gall

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This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.

  • Published on: 2012-08-31
  • Original language: English
  • Dimensions: 10.00" h x .80" w x 7.50" l,
  • Binding: Paperback
  • 352 pages

About the Author
James Gall, 1808-1895, lived in Scotland and wrote "Templeism" in 1890 as part of a book entitled "The Synagogue, Not the Temple, the Germ and Model of the Christian Church."

Most helpful customer reviews

1 of 1 people found the following review helpful.
Terse reading
By JM Calmer
The reading is terse, but I liked it. I got a new idea almost every sentence. It is reading for someone who likes this topic.

0 of 0 people found the following review helpful.
Five Stars
By jp
excellent book highly recommended

0 of 0 people found the following review helpful.
One Star
By David Munyua
So far great reading it

See all 5 customer reviews...

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