This paper examines four terms that are used a great deal by economists and demonstrates that they are often misunderstood. Not fully comprehending the meaning of these terms can result in serious problems for society. Thus, Greenspan admitted that not knowing how self-interest works resulted in...

A fundamental principle taught to all accounting and business students is that the goal of the firm is maximization of shareholder value (MSV). In order for accountants and auditors to provide firms with ethical recommendations that keep it strong and healthy, they must understand the negative...

The multiple response problem in simulation analysis refers to the statistical design and analysis of simulation experiments which output more than a single response variable, or measure of effectiveness. In this article, the multivariate response simulation model is defined and some historical...

A crucial pedagogical tool of the Talmud, one of the most influential books of Late Antiquity, is the use of divine reward and punishment as a way to promote ethical conduct. This paper examines ten behaviors whose reward, according to the sages, is wealth. These include being charitable,...

There is a great deal of interest in the Talmud today, especially in much of Asia. South Koreans, in particular, have developed a fascination with the Talmud and have made it part of their curriculum. Many Korean homes have a version of the Talmud and call it the “Light of Knowledge.” The...

A study was conducted to determine whether different importance rating scales would produce different results. Two different degree-of-importance scales were used to measure the importance of 12 factors in deciding where to work and 14 factors in deciding where to go to college. One scale, a...

The authors have developed an easy-to-use approach, derived from financial portfolio theory, for determining which product(s) to eliminate. This approach takes into account the effect the product deletion will have on the overall rate of return and the overall risk of the product portfolio

The purpose of this article is to propose that we focus the teaching of the introductory statistics course not merely on the statistical tools to be studied, but on the scientific thinking that they engender. Students must be taught that science is based on the testing of theories and shown how...

Talmudic stories are a method used by the ancient sages to teach us about ethics and morality. The stories in this paper deal with penitent (baalei teshuva) who returned to God. It is clear from these stories that it is vital for people to help others repent. One great sage even offered his...

The Talmud is one of the most influential books of Late Antiquity. A crucial pedagogical tool of the Talmud is the use of divine reward and punishment. This paper reveals ten behaviors whose reward, according to the sages, is wealth. These include being charitable, conducting business in an...