Question

Explain what James means by a “genuine option.” Give at least two (2) characteristics of a...

Explain what James means by a “genuine option.” Give at least two (2) characteristics of a genuine option

Homework Answers

Answer #1
  • An option is a decision between two hypotheses. A live option is a decision between two live hypotheses; a dead option is a decision between two options at least one of which is dead.
  • A forced option is a decision between two options which we can’t avoid making; an avoidable option is a decision between two options which we can avoid making.
  • A momentous option is an irrevocable option for significant stakes; a trivial option is an option which is not irrevocable or for significant stakes.
  • And finally, and most importantly of all, a genuine option is an option which is simultaneously living, forced, and momentous.An example of a genuine option would be the consideration of religious beliefs.
  • The genuine option theory applies only to human behavior so the theory would be relevant to most things involving psychological import.
  • In ethics, a genuine option could be the life-changing affirmation to take charge of one's own life and to accept personal responsibility for one's choices.
  • In social relations, a genuine option could be the life-changing affirmation to chose social service as a life's vocation.Any instance where there is a life-changing choice could be a genuine option.
  • The genuine option theory is vital to the existence of free will according to James. If I believe I have free will, I will act accordingly (I have everything to gain and nothing to lose by so believing), but if I don't believe I have free will then I will be passive (I have everything to lose and nothing to gain).
  • Belief in a "fact" can help that "fact" come true. More accurately, without our belief, the potential fact does not become possible if we are passive.
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1: Explain characteristics of Binomial Probability Experiment and give a example? 2: Explain characteristics of a...
1: Explain characteristics of Binomial Probability Experiment and give a example? 2: Explain characteristics of a standard normal distribution and describe the use of Z value?
State and explain any two (2) characteristics of the capitalist economy and any two (2) characteristics...
State and explain any two (2) characteristics of the capitalist economy and any two (2) characteristics in the socialist economy
1. Describe the key defining characteristics of a put or call option on any asset. (2...
1. Describe the key defining characteristics of a put or call option on any asset. (2 pts.) 2. Which has unlimited downside risk, a long or short position in a call option? What about a long or short position in a put option? Explain your answer. (3 pts.)
What are the prices of a call option and a put option with the following characteristics?...
What are the prices of a call option and a put option with the following characteristics? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Stock price = $77 Exercise price = $75 Risk-free rate = 3.40% per year, compounded continuously Maturity = 5 months Standard deviation = 59% per year
What are the prices of a call option and a put option with the following characteristics?...
What are the prices of a call option and a put option with the following characteristics? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Stock price = $76 Exercise price = $75 Risk-free rate = 4.50% per year, compounded continuously Maturity = 4 months Standard deviation = 63% per year   Call price $      Put price $   
What are the two basic communication paradigms used in the Internet? Give six characteristics of Internet...
What are the two basic communication paradigms used in the Internet? Give six characteristics of Internet stream communication. Give six characteristics of Internet message communication. If a sender uses the stream paradigm and always sends 1024 bytes at a time, what size blocks can the Internet deliver to a receiver If a sender wants to have copies of each data block being sent to three recipients, which paradigm should the sender choose? What are the four surprising aspects of the...
Imagine you are in the process of buying a new car. Give at least two examples...
Imagine you are in the process of buying a new car. Give at least two examples of both qualitative and quantitative data that you would consider in your purchase decision. Explain and defend your choices provide several qualitative attributes and several quantitative characteristics you would consider important when purchasing a car.
2. Analyze and explain stress management and coping skills. Give at least 2 references in APA...
2. Analyze and explain stress management and coping skills. Give at least 2 references in APA format to support your answer. Answers need to be at least 200 words with at least 2 substantial replies with at least 150 words.
What are the prices of a call option and a put option with the following characteristics?...
What are the prices of a call option and a put option with the following characteristics? Stock price=$64 Exercise price =$60 Risk-free rate=2.7% per year compounded continuously. Maturity=4 months Stander deviation of =62% per year. Call price? put price?
What is the random variable in a hypothesis test of two means? [1 sentence] Explain when...
What is the random variable in a hypothesis test of two means? [1 sentence] Explain when you use a t-test instead of a z-test statistic for a hypothesis test of two means. [1 sentence] What are the requirements to perform a hypothesis test of two proportions? [3 requirements] Give an example of paired data set. [1 sentence]
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT