Writing121 Essay Example | Topics and Well Written Essays - 1250 words

Writing121 - Essay Example One of the questions asked is whether women and men should be permitted by law to dress as they wish in any society or should restrictions be placed on the ways in which people dress in public. It should be a freedom for people to wear as they please regardless of their gender or race. Giving the people this kind of freedom is going to make them feel free to wear as they please. They will feel that they are not restricted by the laws and will be a happy people. However, dictating or putting limitations on how the people of the nation will wear may make them uncomfortable and hinder them from feeling free to do as they wish. Men should be allowed to wear as they please and women as well in order to strengthen the bond within a nation. Restrictions will have more negative effects on the society than positive effects. Individuals that are better to a point are not usually cooperative. They face the challenge of needing a way to have unique identity and how to experiment on different things. However, due to the restrictions, they end up bottling it up which may with time make them bitter; especially is they do not agree with the reasons behind the restrictions. This does not m atter whether the individual is male or female. The mode of dressing in a nation where the people are free is also the freedom to express one self. The way on dresses is a reflection on their individuality as long as it is their own choice. Therefore, when women and men are given the freedom to dress as they please, they are also awarded the freedom of expression not only in speech but in dressing. They will be free to show what they believe in and dress in a manner that makes them feel comfortable. The individuals in such a nation will not feel obliged to act in a certain manner that suits their dressing code even if they do not believe in it; putting restrictions on the dressing code will force them to act in a

CAPM Essay Example | Topics and Well Written Essays - 1500 words

CAPM - Essay Example The CAPM presents partial equilibrium model where agents consider the risk free returns and the probability distributions of the future returns on risky assets as being exogenous. In this paper, I seek to give an in-depth understanding of this model by delving into the logic behind it, exploring critiques levelled against it, and explaining why it is still the model of choice in financial analysis. Finally, I give practical examples of its practical application that show evidence of its usefulness and continued use to date. The CAPM is built on the portfolio model that Harry Markowitz (1959) developed. In the model, a portfolio is selected by an investor at time t-1 which at t produces a stochastic return. Investors are assumed to be risk averse and, in their choosing among portfolios, care is only taken on the mean and the variance of their single-period investment return. This results in investors choosing â€Å"mean-variance-efficient† portfolios, the portfolios in this case 1) given variance, maximizes returns and 2) given expected returns, minimize portfolio return variance. For this, the approach is referred to as mean-variance model. An algebraic condition is provided by the model on asset weights in portfolios that are mean-variant-efficient. This algebraic statement is turned by the CAPM into a prediction that is testable about the connection between expected returns and risk through identification of an efficient portfolio if asset prices should clear all the assets off the market. To identify a mean-variant-efficient portfolio, Sharpe and Lintner added two crucial assumptions. The first one is complete agreement: taking asset prices to clear the market at t-1, it is agreed by investors that asset joint distribution returns from t-1 to t. This distribution is taken to be the true distribution, i.e. it provides the distribution giving returns that we employ in testing the model. Secondly, there is risk-free rate