Predstavivostný capital goods is shaping the peace and preferences of the individual, as well as th

The author of the economic approach of looking at life through which we can analyze social problems in the broad areas of life, the Nobel Prize-winning economist Gary S. Becker (* 02.12.1930 - 05.03.2014). Economic outlook on life and human behavior based on the full acceptance of the premise cool math for kids that individuals do not act purely selfish with emphasis on profit, but their decisions and preferences are affected by many factors such as history, family, altruism, selfishness, education, health, income, ability to predict effects of their own decisions, life chances and the like.
An individual acting cool math for kids as a rational being, in all situations of life (including operandi) to maximize personal utility by a comprehensive "package" their own preferences. Under human preferences axioms understand human behavior manifested through meeting the specific desires of the individual. Many economic theories based on the assumption that the basis of human preferences depend on the biological needs of the individual. This does not reflect reality in economically developed countries. Preferences are in many cases far beyond ensuring your critical needs such as liquids, shelter, food or space for regeneration and relaxation. A significant proportion of the preferences of the individual living in the world "unrestricted access" to services and commodities is based on previous personal experience, social interactions, impact of reference groups, parents, the impact of advertising, affection, guilt, hate, childhood experiences, and many other factors. Individual exercises cool math for kids its option consumption by maximizing the benefits to their own preferences, which are dependent endogenous nature of past, present and future consumption. Maximizing the benefits, not just a matter of re-utilization of goods and services at a particular time, but covers the whole range of customs, poločenského, cultural and political behavior.
An individual may feel the actual own preferences resistance and hopes that the other, that they will try to correct cool math for kids them and adapt into preferences desirable optionally at least move them to acceptable levels. Dissatisfaction with their own individual preferences based on the limit of its actual capital stock acquired in the past, which limits maximizing choice, regardless of the degree of rejection of the size and type of capital "inherited". Significant impact on elections respectively. individual preference is attributed to conflict between the desired and actual capital. The individual will seek to invalidate the effects of capital, which reduces its utility and impact of investments in equity and maximizing benefits. It is true that preferences affect output and are also influenced him back. On the ability to rationally distinguish individual capitals and their impacts influence of various factors such as. habit to certain behaviors, experiences and experiences of childhood, the reference pressure groups and many other social interactions. Attitudes and behavior of the people close to be strongly restrictive cool math for kids effect on the choice of the individual. Rationality is characterized differently than in other economic models. Rationality individual is affected by the above factors, the individual is acting prudently and time consistently in order to reap personal benefits through maximizing the proceedings.
Social, moral and cultural factors affect the modeling preferences through personal and social capital. Both types of capital are only a segment of the total human capital of the individual, and often have a greater impact on future income and benefits as people acquired their education or work preparation. Own future we influence through regulation of investment and personal capital stocks. The behavior of an individual may now increase the future value of personal equity. He declines over time based on psychological and biological degradation of the individual and the effects of past decisions. cool math for kids Demand for goods and personal experience increasing future capital is stimulated when the capital increases the benefit of the individual on the other hand, is hindered if the benefit is reduced. The individual will thus invest more in their own personality capital (eg. Health, education), the more assumed capitalization of these investments in the future. Unemployment, divorce, poverty, and other life experiences of the individual help to forming preferences for future treatment of personal capital accumulation. cool math for kids The current individual preferences are influenced by the past that has not changed (childhood, family, parents), but also their own wrong decisions made by. Errors made by its own decision can mitigate the individual's ability to imagine the impact respectively. imagine the form of future benefits from its own decisions.
Predstavivostný capital goods is shaping the peace and preferences of the individual, as well as the overall distribution of future benefits. Harmful habits like. drugs or alcohol reduce benefits by continually reduce our individual