Essays on Economics

Only extrinsic factors are required to motivate employees to work harderHard work constitutes the commitment of time to achieve set goals. It is all about focusing and having the capability to work as a team or alone. Motivation is a crucial factor affecting job performance, and for that reason, a...

Nominal scales of measurement are used for labeling variables that do not have quantitative values. In other words, nominal scales are ‘labels’ for mutually exclusive variables that do not have numerical significance (Whitley, 1992). The following are some of the examples of nominal scales: What is your gender? o Male o...

Choosing career at the earliest stage in life is one of the aspects that determine the future. Notably, there are various factors that determine one’s career choice such as passion, employment prospects, and advice from career educators, counselors or family members.   Critical to underscore is that the need to make...

The Behavior of Lateness at Work The behavior I would like to apply the two-factor model on is the lateness at work. Lateness at work is a behavior that can adversely affect the company. It is essential for the management to identify the cause of the behavior, so as to be...

Base-rate fallacy is defined as an error in reasoning which someone commits when he or she makes a conclusion that fails to account for an earlier premise, usually a probability or base rate. In other words, it is a cognitive error which occurs when a person reaches a judgment of...

Mischel, W. (2014). The marshmallow test: understanding self-control and how to master it. Random House. Hypothesis The primary hypothesis in this study focuses on the fact that delayed gratification is a concept that one can learn if they change the way they think about a situation or habit. The null hypothesis involves...

In most circumstances that are practical in nature, outliers do reduce the value of a correlation coefficient and also enfeebles the regression connection. However, there is s possibility that in certain situations, an outlier may cause an increase in the correlation value and boost regression. For instance, influential outliers are...

The article reports that the effect of chronic stress on social decisions According to Ceccato et al. (2018), there were cognitive effects of chronic stress on decision making which had not been investigated. As a result, Ceccato et al. (2018) deem it essential in studying the impacts of stress on...

If market forces of supply and demand are directly dependent on consumer behavior; then there is need to understand human personality in entirety, before linking the same to consumer habits in the markets. On the one hand, behavior has been defined as all individual traits that make someone unique, while...

People in the workplace often avoid stimuli that are anxiety-provoking. To explain this form of behavior, behaviorist and humanists concepts can be used. Escaping from the stimuli makes one remove the unpleasant emotions (Omrod, 2016). The avoidance, therefore, becomes a reward that increases or reinforces the behavior avoidance. Some employees...

The Two-Factor Model and Job Satisfaction The two-factor model developed by Fredrick Herzberg explains the factors that cause job satisfaction and dissatisfaction at the workplace (Ormrod, 2016). Motivators and Hygiene Factors According to Herzberg, human beings actions are driven by two things, motivators and hygiene factors (Ormrod, 2016). Herzberg further notes that...

Attainment of higher education correlates with individual’s abilities in terms of talent and hard work. However in Australia this is not the case since political, economic and races influence the suggested meritocratic system. Social economic demography for instance opposes the suggestion. According to records, it’s evident that rich families get...