Financial Management - Behavior of Prices under Different Versions of EMH Free Essay Example, 1750 words

A strong form of EMH includes the effects on prices of all sorts of information, historical, published, and even non-published. This also includes the insider information as well as the information held by the directors or other senior officials of the company. Any sort of manoeuvrings of buyers and sellers will not impact prices, whatsoever. It is highly impossible to test this form of EMH even if the acquirer has insider information. The only possibility available is to buy or sell the holdings before the information of takeover is published or leaked. So much so that creative accounting technique cannot influence the takeover bids under the strong form of EMH. Under this form, current prices will reflect the present value of future cash flows. Any price exceeding the net value of assets based on market prices under a strong form of EMH will entail goodwill value of the takeover deal. Evaluation of takeover bids under the different version of EMH EMH theory was introduced in the l ate sixties, and prior to that inefficiency was believed to exist in stock markets. We will write a custom essay sample on Financial Management - Behavior of Prices under Different Versions of EMH or any topic specifically for you Only $17.96 $11.86/page But there is a behaviour approach to this study as well that advocates that rationality plays no role in takeover bids and investors are motivated by greed, fear, and other emotions. If EMH theory is to be believed then the fundamental mechanism of pricing does not seem to work. A weak form of EMH suggests that the movement of pricing takes into account the impacts of past movements of pricing and the historical information.

Oedipus The King Essay - 1360 Words

Greek tragedy is characterized by the emotional discharging brought about by the suffering of a heroic figure. In Oedipus The King, by Sophocles, the agony of pain attacking the protagonist is a result of his tragic flaw. Sophocles often uses a characters hamartia to alter or influence the future or outcome of the hero, in this case, Oedipus. Oedipus hubris traps him into fulfilling the vision and intensifies his punishment. Oedipus pride is an inherited characteristic. Even before his glory and power as King of Thebes, he allowed his conceit to affect his judgment and rule his actions. Unknowingly, Oedipus fulfills Apollos oracle, which is a vision, when he encounters a group of men at a crossroad. The driver offends Oedipus†¦show more content†¦Although he has enough idolization to the gods not to assume himself to be an equal with them, it is clear through his words that Oedipus perceives himself to be of a greater importance than the lesser people that surround him. He is conceited to think that he can shape his own destiny and the gods punish him for this arrogance. Once Oedipus is made aware of the importance of the situation in Thebes he assumes to be the savior. In addressing his people, Oedipus regards them as his children - his pride in his abilities enables him to take on the task of leader. His faith in himself results in a lack of discretion on his part. Although Creon hints at bad news, Oedipus eagerly insists that Creon announce the oracles words publicly, so that he will be thought of as an open, honest leader, and he did not pick up on Creons hesitation. Oedipus later assumes the role of a mortal god, Let me grant your prayers. He is now arrogant, believing that he has divine power to solve a citys problems. Oedipus again proves to be confident of his abilities, if Id been present then, there would have been no mystery. When Oedipus makes his proclamation and no one confesses to the murder of Laius, he loses patience, hostily condemning the murderer, and cursing him to a terrible death. Now my curse on the murderer... let t hat man drag out his life in agony, step by painful step Ironically, his curse is a foreshadowing of his own impending doom. InShow MoreRelatedOedipus The King Of Oedipus868 Words   |  4 Pageschallenge that waits upon one. Confidence overpowers cockiness. The cocky trait is heavily represented in the story â€Å"Oedipus the King† (c. 430 B.C.) by Sophocles. In the story, Oedipus the king of Thebes has the cocky trait and it results in torture for life. Oedipus’s arrogant personality shows throughout the story as he tries to find the killer of the former king of Thebes, his father. Oedipus tends to deem himself as a god throughout the story which plays a big role in interaction with people around himRead MoreOedipus The King : Oedipus1328 Words   |  6 PagesOedipus the King Oedipus had a lot of different character traits both good and bad. He had a good conscience; he cared deeply for the people in his life and protected them. He was very empathetic, smart and a dependable man who lived his life with great integrity. He was an honest man with strong moral principles and lived a righteous life. He found it difficult to live anything less than a righteous life; when he realized what had become of his life, his guilty conscience consumed him. He was filledRead MoreOedipus The King Of Oedipus1019 Words   |  5 Pageswhat makes Oedipus actions in his quarrel with Teiresias and also throughout the play so dramatically compelling, is the fact that the audience knows the outcome of the story. We know Oedipus fate even before he does, and there is no suspense about the outcome itself, instead, the audience anxiously awaits Oedipus to reveal his fate unto himself in his desperate quest to rid his city of the terrible plague, or maybe even more so, to simply d iscover his own unfortunate tale. Oedipus is relentlessRead MoreOedipus the King1125 Words   |  5 PagesOedipus the King by Sophocles is about Oedipus, a man doomed by his fate. Like most tragedies, #8220;Oedipus the King#8221; contains a tragic hero, a heroic figure unable to escape his/her own doom. This tragic hero usually has a hamartia or a tragic flaw which causes his/hers#8217; downfall. The tragic flaw that Sophocles gives Oedipus is hubris (exaggerated pride or self-confidence), which is what caused Oedipus to walk right into the fate he sought to escape. Pride like that of Oedipus hadRead MoreOedipus the King1065 Words   |  5 PagesSophocles’ use of irony is amongst the greatest of all time, as demonstrated masterfully in Oedipus the King. He displays both ambition and understated humour by using irony in diverse ways, both cosmic and dramatic, as well as verbal irony to add a greater level of wit. Every word spoken holds great symbolic weight and those words contribute to a narrative that reflects the gods plans. Adversely the work of Johnathan Swift takes the form of a social satire, combining economic arguments with a sociopoliticalRead MoreOedipus the King1164 Words   |  5 Pagesmen of high reputation and good fortune such as Oedipus.† This attitude, commonly found in men of high station is not specifically identified as pride in the case of Oedipus and, indeed, different readings can place Oedipus’ great flaw in a number of areas. It seems as if Sophocles intended to emphasize the more common interpr etation of Oedipus’ flaw being excessive pride, but other interpretations, such as Pier Paolo Pasolini’s 1967 film Oedipus Rex, present other possibilities as the main characterRead MoreOedipus the King773 Words   |  4 PagesThe Greek drama Oedipus the King, written by Sophocles, is regarded as one of the most perfect tragedies ever written. The tragedy Oedipus the King is highly esteemed partly due to its use of dramatic irony. Dramatic irony means that facts or events, which are not known to the characters on stage or in a fictional work, are known to the audience or reader. Sophocles uses dramatic irony to demonstrate how little the protagonist really knows. The main dramatic irony in Oedipus the King contrasts Oedipus’sRead MoreOedipus The King, Or Oedipus Rex1249 Words   |  5 Pagesmost famous probably being Sophocles’ Oedipus the King, or Oedipus Rex. For a play to be considered a tragedy, it must have a tragic hero. According to Aristotleâ €™s definition of a tragic hero, they must be a decent moral person, of high social standing who eventually meets with a tragic downfall, of their own doing, suffering more than deserved, and realizing their error too late. In the play Oedipus the King, Oedipus is the epitome of a tragic hero. Oedipus Rex was generally a â€Å"good† person; heRead MoreOedipus The King And Oedipus At Colonus1567 Words   |  7 Pagesworks of Sophocles and particularly evident in Oedipus the King and Oedipus at Colonus, not only exalts the Greek nationalism present at the date of composition but dictates the course of the story, evolving as its tragic hero works through his fated anguish. Hubris, defined as exaggerated pride or self-confidence, is the earmark character trait of Oedipus and perhaps Creon. However, it is the abandonment of his sanctimonious nature that distinguishes Oedipus as a true hero. The theme of the evolutionRead MoreOedipus The King, And Oedipus At Colonus1343 Words   |  6 Pages Oedipus, a play written by Sophocles, has become a staple in the study of a Tragic hero in classic literature. When this was written in the fifth century, theatre was more than a means of entertainment but almost a religious event. Robert Fagles goes even further by saying tha t†theatre was not only a religious festival; it was also an aspect of the city’s political life.† (Fagles) . Greek dramas were presented only twice a year during religious festivals that honored Dionysus, the god of wines

The Tragedy Of Medea By Euripides - 1970 Words

Medea The characters in Medea by Euripides have no free will; the gods control all. Consequently, the concept, â€Å"Divine Double Bind,† described by the author Ruth Padel in Whom Gods Destroy as â€Å"Divinity issues prohibitions (do not kill your mother), forces you to break them, then punishes you for doing so† (215) explains perfectly the actions and ultimate fates of Medea, Jason, King Creon and his daughter, the chorus leader, and the two sons. Many of Medea’s actions, which offend the gods, and the subsequent consequences for such actions throughout the story exhibit the â€Å"Divine Double Blind† concept. Medea starts off by offending the gods when, according to Jason, Medea’s husband, she â€Å"slaughtered [her] brother in [her] home† (81), and then, as is explained by the nurse, Medea’s servant, she causes Pelias’ daughter to kill their father (32). Medea’s first misdeed is thus murder, and although it is through Medea’s actions that these crimes are committed, because the gods control all the mortals, the gods are actually the ones who made her do them. Sticking with the â€Å"Divine Double Blind† concept, the gods punish Medea by having her marriage to Jason fall apart. The nurse recites that â€Å"their fine love’s grown sick, diseased, for Jason . . . married the daughter of king Creon† (32). Jason has neglected Medea and married another woman, which Medea responds to with rage. She kills again, this time targeting Jason’s new wife and her father, King Creon. Medea has herShow MoreRelatedThe Tragedy Of Euripides Medea1593 Words   |  7 PagesEuripides’ Medea is considered, according to Aristotle’s Poetics, a tragedy. The play centers on Medea, an outsider and wife to Jason, who seeks to punish Jason for taking another wife. The play is considered a tragedy because it contains the three unities as well as the six elements of drama mentioned by Aristotle. Despite the fact that the does the play fits the criteria of what Aristotle considers tragedy, however, Medea is actually not a tragedy but tells the story about a successful revengeRead MoreThe Tragedy Of Medea By Euripides1968 Words   |  8 PagesThe characters in Medea by Euripides have no free will; the gods control all. Consequently, the concept, â€Å"Divine Double Bind,† described by the author Ruth Padel in Whom Gods Destroy as â€Å"Divinity issues prohibitions (do not kill your mother), forces you to break them, then punishes you for doing so† (215) explains perfectly the actions and ultimate fates of Medea, Jason, King Creon and his daughter, the chorus leader, and the two sons. Many of Medea’s actions, which offend the gods, and the subsequentRead MoreGreek Tragedy By Euripides Medea1646 Words   |  7 Pages Discuss the ways Greek tragedy authors addressed such topics as duty, honor, kingship, gender roles, and the other. Greek tragedy authors tend to use their writings as a means of social, political, and religious commentary. Both of the authors we read of, use their characters and the storyline development to test their reader’s moral boundaries. On the one hand, Euripides’ Medea emphasizes Greek thoughts concerning foreigners, and denounces Athenian social bases through his character’s traitsRead MoreThe Tragic Tragedy Of Medea By Euripides1844 Words   |  8 PagesIn  Medea  by Euripides, an unfortunate tragedy arose from devastating circumstances, centralizing around intense grief and rage. In the center of the horrific situation was Medea, who was the daughter of King Aeetes. She was the former wife of Jason, until he decided to abandon his family and duties as the head of the household by marrying Glauce, the Princess of Corinth. She murdered her children, Glauce, and Creon, the King of Corinth to satiate her overwhelming lust for blood and revenge. UndeniablyRead MoreThe Tragedy Of Euripides Medea And Ovid s Metamorphoses, Medea, And Juno898 Words   |  4 Pagespain they have caused. In Euripides’ Medea and Ovid’s’ Metamorphoses, Medea and Juno exhibit vengeance to defend th eir dignity. Primary Source In Euripides’ Medea, Medea is very furious because Juno left her and her children to remarry the princess. Medea does not accept the betrayal and demands punishment for leaving her after all she has done for him. Creon is aware â€Å"I’m afraid of you. You could hurt my daughter, even kill her. Every indication points that way†(793). Medea knew she was going to exileRead MoreEvaluation of Euripides Essay942 Words   |  4 PagesEvaluation of Euripides Euripides has met the conventions of Attic Tragedy up to a particular extent. Although he was often criticised for his work, he followed the structure and cycles of the traditional tragedy. However, his stance on the themes and ideas set him apart from the other writers. It is unreasonable to compare Euripides with the traditional writers of Attic tragedy without understandingRead MoreThe Tragedy Of Medea By Sophocles1611 Words   |  7 Pagesnecessary for a top-notch tragedy. While these norms may seem to be easily understood through the reading of Aristotle’s fine-tuned poetics, there is a different understanding that needs to be interpreted to truly grasp the significance and qualifications that makeup a good tragedy. Of the many tragedies that Euripides provides us with, I chose the tragedy of Medea to further analyze, and present a strong argument for why I think Aristotle would find Medea a top-notch tragedy. According to AristotleRead MoreMedea Character Analysis917 Words   |  4 PagesHow would you judge Jason for his betrayal of Medea, and Medea for the killing of their children? Explain why. My judgement for this particular issue is not primarily based on the actions of Medea killing her children, since that in my opinion is an unforgivable act, yet there is a sense of pity evoked within the complexity Medea’s character. Essentially, Medea had given up everything she had for Jason. Manipulated by Aphrodite and Hera in both the heart and mind to believe her feelings to be trueRead MoreAnalysis Of Euripides The Play Medea 1202 Words   |  5 PagesThe Greek playwright Euripides, who lived from 480 BC to 406 BC, had four victories as a Tragedian. A third of the â€Å"Big Three† of tragedians, Euripides was, in his time, less successful than both Aeschylus and Sophocles, who had 13 and 20 victories. Euripides’ writing was drastically different from that of the others. While playwrights like Sophocles wrote characters the way they should be ideally, Euripides wrote his characters truthfully and portrayed people as compassionate and cruel and complic atedRead More Love and Deception in Medea, by Euripides Essay507 Words   |  3 PagesLove and Deception in Medea, by Euripides There are many pieces of literature that may entail more than one theme throughout the story. The tragedy, Medea, by Euripides is very good example of this. Throughout this story, the themes of betrayal and love, revenge, and women’s rights arise. Euripides brings these points up to help the reader to realize that women are powerful.   Ã‚  Ã‚  Ã‚  Ã‚  Betrayal is a very important theme throughout this story. Her husband Jason betrays Medea, when he abandons her

Preparing for Future Leadership free essay sample

As of January 7th 2016, African American females only make up two percent of medical doctors in the United States. Two percent is a discouraging number for majority of black women but I know that Clark Atlanta University will fulfill my plans of being a part of this growing percentage. Clark Atlanta University is my key to a career along with other young black females. Receiving my doctorate degree from a historically black college (HBCU) would exceed the expectations I set for myself while furthering my knowledge and leadership roles in society. Learning from a university that was built upon historically black figures is an experience that will give me the platform to lead African American females in society today. Beginning the start of my career at Clark is putting me one step closer to my future goals of being in the medical field. Specifically, accomplishing these goals will set a positive example for other young black women to follow. We will write a custom essay sample on Preparing for Future Leadership or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Being a role model to African American women is also where my leadership skills could be improved. Although I will be an undergraduate I plan to work towards my bachelors of science and continue my education until I have received my PHD. With this knowledge I can improve the health of the people while saving the lives of my community with the education this university has to offer me. I am aware I will be facing tough challenges and obstacles but I am most certain with the support your campus has to offer I will be able to accomplish anything that crosses my path. Success is something I strive for on a daily basis, and as a student in the science, technology, engineering, and math (STEM) academy I have been well prepared to take on the challenge of attending the rigorous courses this university provides. After visiting the campus I can conclude I am comfortable with the environment and surroundings of the campus. The black community and black culture is well respected and honored at Clark Atlanta University. Growing up as a black female has caused others to feel I am incapable of reaching my dreams in the world. My race and sexuality should not be used to determine my place in society and what I can contribute to the medical field. Attending this university will allow me to branch out and strive for what I believe in. Clark Atlanta University will prepare me for success, enhance my learning, and elevate my knowledge as I enter adulthood.