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Robert H. Frank
Robert Harris Frank (born January 2, 1945) is the Henrietta Johnson Louis Professor of Management Emeritus and a professor of economics at the Cornell Johnson Graduate School of Management at Cornell University. He contributes to the "Economic View" column, which appears every fifth Sunday in ''The New York Times''. Frank has published on the topic of wealth inequality in the United States. Career Born in Coral Gables, Florida, in 1945. Frank graduated from Coral Gables Senior High School in 1962."Robert H. Frank". ''Who's Who in America'', 65th edition. Accessed via LexisNexis on March 25, 2013. Frank received a B.S. in mathematics from the Georgia Institute of Technology in 1966, M.A. in statistics from the University of California, Berkeley in 1971, and Ph.D. in economics from UC Berkeley in 1972. Until 2001, he was the Goldwin Smith Professor of Economics, Ethics, and Public Policy in the Cornell University College of Arts and Sciences. For the 2008–09 academic year, Fran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coral Gables, Florida
Coral Gables is a city in Miami-Dade County, Florida, United States. The city is part of the Miami metropolitan area of South Florida and is located southwest of Greater Downtown Miami, Downtown Miami. As of the 2020 United States census, 2020 U.S. census, it had a population of 49,248. Coral Gables is known globally due to being home to the University of Miami, a private university, private research university whose main campus spans in the city. With 16,479 faculty and staff as of 2021, the University of Miami is the largest employer in Coral Gables and second-largest employer in all of Miami-Dade County. The city is a Mediterranean Basin, Mediterranean-themed planned community known for its historic and affluent character reinforced by its strict zoning, popular landmarks, and tourist sights. History Coral Gables was formally incorporated as a city on April 29, 1925. It was and remains a planned community based on the popular early twentieth century City Beautiful Move ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Civilization
The history of the present-day United States began in roughly 15,000 BC with the arrival of the first people in the Americas. In the late 15th century, European colonization began and wars and epidemics largely decimated Indigenous societies. By the 1760s, the Thirteen Colonies, then part of British America and the Kingdom of Great Britain, were established. The Southern Colonies built an agricultural system on slave labor and enslaving millions from Africa. After the British victory over the Kingdom of France in the French and Indian Wars, Parliament imposed a series of taxes and issued the Intolerable Acts on the colonies in 1773, which were designed to end self-governance. Tensions between the colonies and British authorities subsequently intensified, leading to the Revolutionary War, which commenced with the Battles of Lexington and Concord on April 19, 1775. In June 1775, the Second Continental Congress established the Continental Army and unanimously selected George ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Press (publisher)
Free Press was an American independent book publisher that later became an imprint of Simon & Schuster. It was one of the best-known publishers specializing in serious nonfiction, including path-breaking sociology books of the 1950s, 1960s and 1970s. After a period under new ownership in the 1980s of publishing neoconservative books, it was purchased by Simon & Schuster in 1994. By 2012, the imprint ceased to exist as a distinct entity; however, some books were still being published using the Free Press imprint. History Free Press was founded by Jeremiah Kaplan (1926–1993) and Charles Liebman in 1947 and concentrated on religion and social science. They chose the name Free Press because they wanted to print books devoted to civil liberties. It was launched with three classic titles: ''Division of Labor'' by Emile Durkheim, ''The Theory of Economic and Social Organization'' by Max Weber and ''The Scientific Outlook'' by Bertrand Russell. It was headquartered in Glencoe, Il ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Well-being
Well-being is what is Intrinsic value (ethics), ultimately good for a person. Also called "welfare" and "quality of life", it is a measure of how well life is going for someone. It is a central goal of many individual and societal endeavors. Subjective well-being refers to how a person feels about and evaluates their life. Objective well-being encompasses factors that can be assessed from an external perspective, such as health, income, and security. Individual well-being concerns the quality of life of a particular person, whereas community well-being measures how well a group of people functions and thrives. Various types of well-being are categorized based on the domain of life to which they belong, such as physical, psychological, emotional, social, and economic well-being. Theories of well-being aim to identify the Essence, essential features of well-being. Hedonism argues that the balance of pleasure over pain is the only factor. Desire theories assert that the satisfact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Good
In philosophy, economics, and political science, the common good (also commonwealth, common weal, general welfare, or public benefit) is either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and public service. The concept of the common good differs significantly among philosophical doctrines. Early conceptions of the common good were set out by Ancient Greek philosophers, including Aristotle and Plato. One understanding of the common good rooted in Aristotle's philosophy remains in common usage today, referring to what one contemporary scholar calls the "good proper to, and attainable only by, the community, yet individually shared by its members." The concept of common good developed through the work of political theorists, moral philosophers, and public economists, including Thomas Aquinas, Niccolò Machiavelli, John Locke, Jean- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Game Theory
Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly balanced by the losses and gains of the other participant. In the 1950s, it was extended to the study of non zero-sum games, and was eventually applied to a wide range of Human behavior, behavioral relations. It is now an umbrella term for the science of rational Decision-making, decision making in humans, animals, and computers. Modern game theory began with the idea of mixed-strategy equilibria in two-person zero-sum games and its proof by John von Neumann. Von Neumann's original proof used the Brouwer fixed-point theorem on continuous mappings into compact convex sets, which became a standard method in game theory and mathematical economics. His paper was f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prisoner's Dilemma
The prisoner's dilemma is a game theory thought experiment involving two rational agents, each of whom can either cooperate for mutual benefit or betray their partner ("defect") for individual gain. The dilemma arises from the fact that while defecting is rational for each agent, cooperation yields a higher payoff for each. The puzzle was designed by Merrill Flood and Melvin Dresher in 1950 during their work at the RAND Corporation. They invited economist Armen Alchian and mathematician John Williams to play a hundred rounds of the game, observing that Alchian and Williams often chose to cooperate. When asked about the results, John_Forbes_Nash_Jr., John Nash remarked that rational behavior in the Prisoner's dilemma#The_iterated_prisoner's_dilemma, iterated version of the game can differ from that in a single-round version. This insight anticipated a Folk_theorem_(game_theory), key result in game theory: cooperation can emerge in repeated interactions, even in situations where it i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ultimatum Game
The ultimatum game is a popular experimental economics game in which two players interact to decide how to divide a sum of money, first described by Nobel laureate John Harsanyi in 1961. The first player, the proposer, proposes a division of the sum with the second player, the responder. The responder can either accept the proposed division or reject it. If the responder accepts, the money is split according to the proposal; if the responder rejects, neither player receives anything. Both players know in advance the rules of the game. The game is typically designed as a one-shot interaction to isolate immediate reactions to fairness, thereby minimizing the influence of potential future interactions. However, even within this one-shot context, participants' decision-making processes may implicitly involve considering the potential consequences of repeated interactions, due to the fact that humans have evolved within societies that interact repeatedly. This design is crucial for o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precommitment
In psychology, precommitment is a strategy or a method of self-control that a person or organisation may use to restrict the number of choices available to them at a future time. Precommitment may also involve imposing obstacles or additional costs to certain courses of action in advance. Agents may precommit themselves when they predict that their preferences will change but wish to ensure that their future actions will align with their current preferences. Precommitment has been studied as a bargaining strategy in which agents bind themselves to one course of action in order to enhance the credibility of present threats. Some scholars have proposed that collective political groups may also engage in precommitment by adopting constitutions that limit the scope of future legislation. Background In two unrelated articles, both published in 1956, Thomas Schelling and R.H. Strotz introduced the concept of precommitment to the study of strategic bargaining and consumer behavior, re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip J
Philip, also Phillip, is a male name derived from the Greek (''Philippos'', lit. "horse-loving" or "fond of horses"), from a compound of (''philos'', "dear", "loved", "loving") and (''hippos'', "horse"). Prominent Philips who popularized the name include kings of Macedonia and one of the apostles of early Christianity. ''Philip'' has many alternative spellings. One derivation often used as a surname is Phillips. The original Greek spelling includes two Ps as seen in Philippides and Philippos, which is possible due to the Greek endings following the two Ps. To end a word with such a double consonant—in Greek or in English—would, however, be incorrect. It has many diminutive (or even hypocoristic) forms including Phil, Philly, Phillie, Lip, and Pip. There are also feminine forms such as Philippine and Philippa. Philip in other languages * Afrikaans: Filip * Albanian: Filip * Amharic: ፊሊጶስ (Filip'os) * Arabic: فيلبس (Fīlibus), فيليبوس ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conspicuous Consumption
In sociology and in economics, the term conspicuous consumption describes and explains the consumer practice of buying and using goods of a higher quality, price, or in greater quantity than practical. In 1899, the sociologist Thorstein Veblen coined the term ''conspicuous consumption'' to explain the spending of money on and the acquiring of luxury commodities (goods and services) specifically as a public display of economic power—the income and the accumulated wealth—of the buyer. To the conspicuous consumer, the public display of discretionary income is an economic means of either attaining or maintaining a given social status. The development of Veblen's sociology of conspicuous consumption also identified and described other economic behaviours such as invidious consumption, which is the ostentatious consumption of goods, an action meant to provoke the envy of other people; and conspicuous compassion, the ostentatious use of charity meant to enhance the reputatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keeping Up With The Joneses
"Keeping up with the Joneses" is an idiom in many parts of the English-speaking world referring to the comparison of oneself to one's neighbor, where the neighbor serves as a benchmark for social class or the accumulation of material goods. Failure to "keep up with the Joneses" is perceived as a demonstration of socio-economic or cultural inferiority. The phrase was coined by a 1910s comic strip of the same name.Safire, William (November 15, 1998)"On Language; Up the Down Ladder" ''The New York Times''. Retrieved June 23, 2016. Origins The phrase originates with the comic strip '' Keeping Up with the Joneses'', created by Arthur R. "Pop" Momand in 1913. The strip ran until 1940 in '' The New York World'' and various other newspapers. The strip depicts the social climbing McGinis family, who struggle to "keep up" with their neighbors, the Joneses of the title. The Joneses were unseen characters throughout the strip's run, often spoken of but never shown. The idiom ''keeping u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
