Yao ss05 comparative analysis

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Malayan Colleges Laguna

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SOC1101 11-1 SOCIAL SCIENCES I

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A Comparative Analysis of the Sub-fields of Behavioral Economics: Expected Utility Theory and Prospect Theory Herschel-Leil G. Yao Malayan Colleges Laguna ABSTRACT: This paper will argue about the differences and similarities of the two economic theories: the utility theory and the prospect theory. To begin with, the definition of behavioral economics will be discussed to explain where the theories came from, under which category of economics they are included and why it is being approached. In this part, its connection with the theories will be tackled. Then, we will proceed to a more specific discussion of the two theories which will be the main focus of this paper. The first one is the expected utility theory. The definition and history of the theory together with the concept of decision -making will be discussed. That will be followed by the application of its aspects, then its explanation. The same pattern will be used to the second theory which is the prospect theory. The definition and history of the theory will be discussed including its two aspects, then it will be followed by the application of the theory and its explanation. The last part of this analysis would be the conclusion. Some of the definition of the theories will be mentioned and a more direct comparison will be provided. And then, Similarities and dissimilarities will be further discussed together with the summary of the theories. 1.0 Introduction Behavioral economics is the study of psychology correla ...
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**MUST BE ORIGINAL WORK**BE VERY SPECIFIC TO THE INSTRUCTIONS AND PLEASE DON’T PLAGIARIZEAssignment ContentWatch 30 to 60 minutes of a production from current media that illustrates examples of social stratification and inequalities, such as a sitcom, drama, movie, or documentary. Examples include productions like Blackish, Sons of Anarchy, Family Guy, Empire, CSI, BlacKkKlansman, Chicago Fire, Orange is the New Black, NCIS, When They See Us, Pose, Game of Thrones, or Law & Order. Contact your instructor for approval if you are unsure if a certain media production fits the assignment.Take notes while you watch in order to record examples of the behavior patterns that reflect social stratification and inequality.Refer to the Reading Guide: Deviance, Social Stratification, and Inequality document for more information on theoretical perspectives on these topics to assist with this assignment.Write a 400- to 600-word paper in which you discuss the TV show or film as it relates to race, gender, and social class stratification. Include the following: Provide the name of the show or film you selected, as well as a brief summary of the plot and setting of the story.Identify and describe at least one example of social deviance that you observed. Which social structures or norms could have contributed to this act of deviance?Identify and describe at least two examples of sociological inequalities that you observed. Which social structures or norms could have contributed to these inequalities?Indicate the theoretical perspective—functionalist, conflict, or symbolic interactionist—that you would use to explain the social inequalities you observed. Explain your reasons for choosing this perspective.Make connections between the social stratification of class, race, and gender that you observed in the TV show or film, and the ways that it represents inequality in our society.Note: Please provide references to the citations (NO Websites that require logins and NO Blogs as references) and please provide web links for the references.

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