Discussion

Jun 27th, 2013
Sigchi4life
Category:
Other
Price: $15 USD

Question description

Use this format for your Unit 3 Discussion

Source materials

Identify which article you will use for the economic analysis and which article you will be using for the non-economic analysis.

Causes of the crisis

List the causes of the crisis. You do not need to provide detailed economic analysis here; none of us are economists and the goal of this discussion is to see why analytics can fail, not to judge financial policy decisions. List ways that competition may have played a part in this. You should be citing from both articles to provide a multi-dimensional analysis.

Why people failed to prevent the crisis.

This is not the same as listing the causes, for example, the cause of poor tasting meals in a restaurant may be running out of fresh ingredients, but the reason the situation came up at all may be poor inventory control and tracking. When answering this question, in addition to your other arguments, also refer to the article you read in Unit 2 discussion and identify one decision trap that you think was at play in the crisis.

Remember that the people involved in these crises are very smart and experts in math and statistics. Why did they fail? A common student error here is to say "they should have looked at the numbers, and then they would have seen..." Well, they did look at the numbers, and they did do various analyses- you need to go beyond “they did not know what they were doing.” The world is more complex than this. Try to be more insightful. Could collaboration have prevented this crisis? Explain.

Would better analytics have helped?

Would better analytics have helped the crisis? If yes, how? If no, why not? This is where you analyze what you have written above and provide your well supported opinion.


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UT Austin
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
darnay
Dec 7th, 2016
" The best tutor out there!!!! "
dontuwannaknow
Nov 28th, 2016
" Excellent work as always thanks so much "
SjSurvivor143
Nov 14th, 2016
" Thanks for the help. "
ddg82
Nov 5th, 2016
" Thanks, good work "
tinytim47
Oct 23rd, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
jestin7
Oct 14th, 2016
" This tutor is great! "
mixedballz
Oct 9th, 2016
" excellent work as always thanks for the help "
lilmoe415
Sep 30th, 2016
" Thank you, Thank you, for top quality work, this is your guy!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors