Analysis essay Example | Topics and Well Written Essays - 1250 words - 3

Analysis - Essay Example The use of direct quotes of the author calling his siblings shows the author’s attempts to imitate the family set-ups he watched in his favorite program. The quotes are useful in creating an imagery of the author’s actions and his desire to mimic the perfect families in TV. Orr (82) explains that the use of satire throughout the story is the writer’s strongest aspect in constructing his arguments. The author asked his brother Rick and sister Debbie to put on shoes to the dinner table just like in the TV where people dress appropriately for dinner parties. However, Rick defied him and came to the dinner table with only his swim trunks on. The writer’s attempts to influence his siblings and his brother’s defiance occurred without the mother realizing. The use of satire is more evident in the author’s use of an exclamation mark in the sentence â€Å"†¦to become wealthy, and right away!† The author is so obsessed with the rich lives of the families he watches in the TV such that he decides to take a rake and look for work in the neighborhood. Even though doing manual jobs such as cleaning using rakes cannot make one rich, the author still believes he can be rich. Even more satirical is the fact that the author walks in the neighborhood requesting to collect leaves in the summer. It is clear that the author’s obsession has impaired his judgment and reasoning. It is in the summer therefore, there are no leaves to clean up. However, the author’s insistence on the presence of leaves to clean up is ridiculous and discomforting. The author’s use of satire is his strongest literary aspect to show his childhood and often, stupid obsession with families in TV (Orr 83). Gary Soto discusses at length his quest to work for people in the neighborhood in order to get rich (Orr 93). He succinctly describes the work he did for his neighbors and in the process, highlights the stupidity of his

Advanced Financial Modelling Essay Example | Topics and Well Written Essays - 1000 words

Advanced Financial Modelling - Essay Example For that reason, people, tend to base their decisions on certain perceived elements of gains rather than elements of perceived losses (Back, 2010, pg. 208). In essence, if a person is presented with two equal choices to make, he or she will express one choice in terms of the possible losses and the other choice in term of the possible gains. For that reason, the person will choose the choice with possible gains (Kaustia, 2010, pg. 25). An example can be used to demonstrate the prospect theory as it applies to financial decision making. Two different financial advisors present the same mutual fund to an investor. The first financial advisor tells the investor that the average return of the mutual fund is 7%. The second financial advisor mentions that the mutual fund has realized above average return for the past 15 years but the last 5 years have shown a decline. According to the prospect theory, the investor will choose a mutual fund from the first financial advisor. This is because it is not expressed in a combination of returns and losses as did the second financial advisor (Li and Yan, 2010, pg. 101). The prospect theory was proposed and developed in 1979 by two aristocrats, Amos Tversky and Daniel Kahneman. The theory emerged as a psychologically description of the financial decision making process (Ma, 2011, pg. 428). The theory also makes a comparison to the expected utility theory. According to prospect theory, editing and evaluation are the two central stages that every financial decision making process must pass through. The outcomes of a decision are made and ordered during the editing stage. During this stage, people consider lesser outcomes as losses and greater outcomes as gains. The aim of this stage is to alleviate any possible framing effects (Barberis and Xiong, 2012, pg. 99). In addition, it helps in resolving the isolation effects that stem out from the propensity to isolate concurrent