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The Wilmot Proviso was an unsuccessful 1846 proposal in the United States Congress to ban slavery in territory acquired from Mexico in the Mexican–American War. [1] The conflict over the Wilmot Proviso was one of the major events leading to the American Civil War.
The Crittenden Compromise was an unsuccessful proposal to permanently enshrine slavery in the United States Constitution, and thereby make it unconstitutional for future congresses to end slavery. It was introduced by United States Senator John J. Crittenden ( Constitutional Unionist of Kentucky ) on December 18, 1860.
Regret theory models choice under uncertainty taking into account the effect of anticipated regret. Subsequently, several other authors improved upon it. [4] It incorporates a regret term in the utility function which depends negatively on the realized outcome and positively on the best alternative outcome given the uncertainty resolution. This ...
Or Disappointment is the feeling of dissatisfaction that follows the failure of expectations or hopes [1] to manifest. Similar to regret, it differs in that a person who feels regret focuses primarily on the personal choices that contributed to a poor outcome, while a person feeling disappointment focuses on the outcome itself. [2]
A straw-man (or straw-dog or straw-person) proposal is a brainstormed simple draft proposal intended to generate discussion of its disadvantages and to spur the generation of new and better proposals. [1] The term is considered American business jargon, [2] but it is also encountered in engineering office culture.
Different economists have different views about what events are the sources of market failure. Mainstream economic analysis widely accepts that a market failure (relative to Pareto efficiency) can occur for three main reasons: if the market is "monopolised" or a small group of businesses hold significant market power, if production of the good or service results in an externality (external ...
Headquarters of AIG, an insurance company rescued by the United States government during the subprime mortgage crisis "Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. U.S. President Bill Clinton, Israeli prime minister Ehud Barak and Palestinian leader Yasser Arafat at Camp David, July 2000 The 2000 Camp David Summit was a summit meeting at Camp David between United States president Bill Clinton, Israeli prime minister Ehud Barak and Palestinian Authority ...