Experimental economics summary paper Essay Example | Topics and Well Written Essays - 500 words - 1

Experimental economics summary paper - Essay Example Main Findings The article specifically showed that reciprocity is achieved when trust has been developed through personal and social interaction. This was identified in the experiment using the concept of investment game. The belief that self-interest can substantially explain how an individual may behave from an economic standpoint was challenged and proved to be insufficient to give explanation in understanding human behavior in the economic context (Berg, Dickhaut, & McCabe 137). The concept of trust and reciprocity was found to be dominating in the investment game which implies that individuals try to develop relationship and are willing to give up self-interested motives. The whole point of this is that an individual wants to continue harmonious relationship and aim for stability in order to be treated with fairness and equality in the long run. Another important justification and which could also stand as another important result is the inclusion of social norm as the basis of decision of an individual to go for trust and reciprocity (Berg, Dickhaut, & McCabe 132).

Commercialization plan for Medical devices Essay

Commercialization plan for Medical devices - Essay Example The study will highlight the entire commercialization plan developed for the Health Kart Diabetic Monitoring device which includes the patenting, drafting and the quality control process. Table of Contents Technology 6 Product Description: HealthKart Diabetz 6 Key Success Factors 6 Patents 7 Process of Acquiring Patents for Diabetic Monitoring Device 9 The Firm: Health Kart Diabetes 10 The Business Opportunity 11 Value Proposition 11 External Players 12 Market 13 Market Dynamics 13 External Forces 13 Environmental Impact 13 Marketing Strategies 14 Strategic Positioning of HealthKare Diabetes 17 Quality Control Monitoring Process 21 Action Plan 23 Implementation of Milestones 24 Marketing Tasks 24 Timings 24 Mass Targeting Strategy for HealthKare Diabetes 24 Commercial Risk Assessment 25 Financials 26 Conclusion 27 References 28 Background: Commercialization of Diabetic Monitoring Devices The commercialization activity is regarded as an important business activity, which leads to the development of a new market plan for the introduction of a new product into the market (Ahmed & Rafiq, 2002). This activity involves the formulation of new marketing strategies and also the development of effective marketing devices, which would help in checking the feasibility of the marketing plan. Commercialization would also help in monitoring whether the marketing activities adhere with the executed plan (CIM, n.d.). However, commercialization would also include various marketing strategies required for the launch of new product and production process, which would also require financial and non-financial assistance from the management perspective. The study will deal with commercialization of diabetic monitoring devices, which forms an integral part among the medical equipment. Diabetic monitoring devices not only help in checking the glucose levels of an individual, but also prevent from increasing the glucose levels in medical patients. The main objective of the monitoring de vices would be to check the glucose content and the concentration of glucose levels in an individual. The study will deal with the commercialization plan of diabetic monitoring device, which has been the aid for several medial patients. The author of the study has formulated a marketing plan, which consists of varied marketing strategies for introducing new product into the market and also for the development of a commercialization process for this particular product. Technology Product Description: HealthKart Diabetz The product would be named HealthKart Diabetz and will be initially marketed in the US and UK to cater to the needs of the mass population suffering from diabetes and other glucose content related diseases. The main objective of the marketer would be to develop a product whose functionality would be simple and would produce accurate results. The medical device would help in providing quantitative test and would reflect the glucose content in the blood levels of the ind ividual. The product will help in monitoring the glucose level of an individual and the results can be shown to the doctor for daily adjustment in the treatment, checking high and low level sugar content, understand whether the patient requires change in the existing diet and exercise plan. The product will be environment

Pulmonary Embolism Essay Example | Topics and Well Written Essays - 1000 words

Pulmonary Embolism - Essay Example The clots can break free, travel to the lung, and block an artery. The condition can uncommonly be caused from fat escaping from fractured bone marrow or from amniotic fluid during childbirth. With a large clot, or many number of clots, pulmonary embolism can cause death. The process by which a pulmonary embolism forms, begins in the blood stream. Blood flows from the right side of the heart to the lungs where it picks up oxygen. The heart pumps this oxygen-rich blood through arteries delivering it to various parts of the body after which it enters another network of veins. The veins carry the now oxygen-poor blood back to the heart, which pumps the blood to the lungs to pick up oxygen again. A blood clot forming in a vein, commonly a deep vein in the leg, can travel with the blood flow back to the lungs and become lodge there.This leads to pulmonary embolism. When the lung arteries become blocked by a blood clot, high blood pressure in the lungs may occur. This results in the heart having to pump harder than usual. A continually overworked heart may enlarge and may eventually fail to function. A large pulmonary embolism can result in failure of both the lungs and heart. However, the sooner a physician can diagnose and treat the condition, increases the chances of surviving a pulmonary embolism. The symptoms of pulmonary embolism differ widel... The symptoms of pulmonary embolism differ widely and often resemble those of other conditions; the classic signs include sudden shortness of breath, chest pain and a cough that produces blood-streaked sputum. Breathing may be very rapid and breathing deeply may cause severe chest pains. Other symptoms include increased pulse rate, dizziness, and fainting. Pulmonary infarction may result if there is a lack of blood flow to the lungs causing some lung tissue to die. In addition the patient may also cough up blood-stained phlegm, have sharp chest pains, and fever. The skin may turn a bluish color from a lack of oxygen when the larger vessels of the lungs are blocked. Chronic pulmonary embolism, where small blood clots deposit themselves in the lungs repeatedly over time, will cause shortness of breath, swelling of the leg and all round weakness (MayoClinic 2006). Risk factors for a pulmonary embolus include: Prolonged bed rest or inactivity (including long trips in planes, cars, or trains), Oral contraceptive use, Surgery (especially pelvic surgery), Childbirth, Massive trauma, Burns, Cancer, Stroke, Heart attack, Heart surgery, Fractures of the hips or femur A blood clot is the first factor towards pulmonary embolism and one that forms in a vein is called a thrombus. A blood clot is a plug of platelets enmeshed in a group of red blood cells and fibrin. Blood clots usually develop to help stop bleeding an injury, but sometimes form without reason. A clot that develops in one part of the body and travels in the bloodstream to another part of the body is called an embolus. Sometimes other substances, such as pieces of a tumor, globules of fat from fractured bones or air bubbles, may enter the bloodstream and become an embolus that blocks arteries. A vein in the leg or

Introduction to the business of Investment Banking Assignment

Introduction to the business of Investment Banking - Assignment Example An ardent need was felt for having a regulator which would ensure that the trading takes place keeping the interest of the investor in the mind. Hence in 1984, a ministerial committee was formed with the sole motive of regulating the capital market of Saudi Arabia (Tadawul, 2014, p. 1). The Saudi Arabian Stock Exchange is mainly run by the Board of Saudi Arabia which includes 9 members. The Capital Market Authority of the country takes care of the recommendation through which the members of the Board are nominated. The board comprises of the Chairman as well as the Vice Chairman apart from 7 other members. The operations of Tadawul are conducted in the electronic mode. Most of the orders of buy and sell as well as the ordering system or the trading procedure take place with the help of the electronic modes. This was started since 1990 and ensures that there is very little scope for fraudulent activities or illegal trading practices in Saudi Arabian Stock Exchange. The trading session of the exchange takes place between 11 am in the morning and 3.30 pm in the afternoon. The Tadawul All Share Index or the TASI is the index which indicates the performance of the stocks which are listed in the Tadawul Stock Exchange. The stocks of more than 168 companies are traded in the stock exchange. There are a number of sectors under which he stocks are traded. These sectors include the financial, consumer goods, Healthcare, telecoms, oil and gas as well as the industrial goods and materials. The products that are mainly traded in the Tadawul Stock Exchange include the Equities, Sukuk and Bonds, Mutual Funds as well as Exchange Traded Funds. The investment banks have a very active role in the entire process of the listing of the shares as well as in the raising of the funds from individual investors as well as the corporate clients when a company goes public. The investment bank ensures that the interests of