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Showing posts from October, 2016

Team Production and Gift Exchange

I think the story that attracts me the most is sharing marbles . Michael Tomasello and Katharina Hanmann, two German developmental psychologists, set up an experiments with 3 years old children who can get marbles as rewards by pulling ropes on a machine. These children may be better off if they engage in gift exchanging and team work. The experiment has three different scenarios. The first one is that two children pull ropes together, but one of the children gets 3 marbles while the other can only get one. The result of this scenario shows that children will equalize their marbles around 75% of the time. The second scenario is that 2 children will receive marbles. However, one will have three times more marbles than the other one. The result of this scenario shows that the one with more marbles will not give off their rewards to the other one who has less marbles. The last scenario is that 2 children do not pull the ropes together to get marbles . Nonetheless, one will get 3 marbles ...

Future Plan and Income Risk

First of all, I think the prompt for this week is very interesting. I don’t have a job lined up for when I graduated (I am graduating in December). However, my future plan is absolutely clear. Unlike most of other students in the class, being involved in a career associated with economics is not in my goal. Therefore, in the following parts, I will first talk about the kind of job/ career I plan to pursue after graduation and its location. Secondly, I will talk about some of my efforts and decisions during college that contribute to my future job and income risk. I am a dual degree student majoring in Kinesiology and Economics. I started following the pre- med path when I was a sophomore. Becoming a physician in sports medicine field is my dream ever since I was a teenager. Therefore, due to the specialty of my choice, I can only continue to stay in school (medical school) for another 4 years and pass the board exam before I actually jump in the “real world”. Compared to my ot...

Blog Post Reflection

When going over the previous blog posts that I have written, I think they do share some small themes or similarities. I have to admit that I didn’t do a good job in posting blogs as the class requirement due to my extremely busy medical school application and interview. However, I would still think of examples for those blogs that I missed and participated in the class discussion. I think the connections between my previous blogs are my personal experiences, and I really try to give details to readers so that they can understand what I am trying to express out of the text. For instance, in my blog post “Experience with Organizations and Transaction Costs”, I talked about my working experience as a shift leader at Aplus Karaoke. I didn’t expect most readers know the environment of a standard Karaoke business, but I am sure with my explanations of my trainings and duties, most readers will know what it is like to work in a busy and high pressure place. As for connecting what I wrot...