Counterfactual Thinking and Experiences of Regret

Counterfactual thinking and experiences of regret Introduction Counterfactual thinking is the cognitive process in which individuals can simulate alternative realities, to think about how things could have turned out differently, with statements such as ‘what if’ and ‘if only’. Counterfactuals can be either upward, in which alternative realities are improved, or downward, in which alternative realities are worsened. Reflecting on previous outcomes can make individuals experience regret and this review will focus on the effects of counterfactual thinking and feelings of regret, which has been referred to as a ‘counterfactual emotion’. Opportunities and regret Roese amp; Summerville (2005) put forward the idea that regret is based†¦show more content†¦Pierro, Leder, Mannetti, Higgins, Kruglanski, amp; Aiello (2008) investigated the effects of assessment and locomotion modes on engaging in counterfactual thinking and experiencing post-decisional regret. They predicted that people with a higher assessment mode would generate more counterfactuals and experience more regret as assessment requires critical evaluation and generating comparisons, they also predicted that people with a higher locomotion mode would generate less counterfactuals as locomotion suggests an individual is less likely to pay attention to attention and more likely to focus on moving from state to state without interruption. To test these hypotheses participants were asked in two studies to imagine purchasing something but it has a negative outcome and in another study they were asked to recall a time when they purchased something and it had a negative outcome, re gret was measured in each study. The results showed that participants rated higher in the assessment mode generated more counterfactuals after a negative outcome and experienced more regret, while participants rated higher in the locomotion mode generated less counterfactuals and experienced less regret. Summerville (2011) took a step further by incorporating the functional theoryShow MoreRelatedCounterfactual Thinking1966 Words   |  8 PagesCounterfactual Thinking _When and how do children experience regret?_ _Major Research Essay: Psyc241_ _Student number: 4075274_ _School: University of Wollongong_ _Word count: 1506_ The experience of regret arguably relies on a multifaceted, counterfactual analysis of two previously possible outcomes. An important question to consider is at what age these counterfactual emotions develop, and what enables these responses to occur. Previous research proposes that regret emerges at around 4 yearsRead MoreCognizance And Psychological States : Disposition On Counterfactual Envy1481 Words   |  6 PagesCognizance and Psychological States: Disposition on Counterfactual Envy Yvans Bobo Florida International University (FIU) Cognizance and Psychological States: Disposition on Counterfactual Envy An individual who is cognizant are capable of determining one’s psychological states exuded during any particular circumstance. Adults who augment such necessary cordial competencies will discern, elucidate, and justify such psychological states occurring internally and in others. ComprehensionRead MoreCounterfactual Thinking : A Look At Past Events1526 Words   |  7 PagesCounterfactual Thinking: A Look at Past Events In our everyday life, we are presented with plenty of circumstances demanding our response. Sometimes, we are the ones taking action and other times we become the judges of other people’s actions. A natural reaction after an event concluded is to think back with alternatives in order to imagine different outcomes. This usually happens because we dislike the results and now, without pressure, we can think of better options. The tendency of creatingRead MoreEssay about Social-Psychological Principles of the Movie Unforgiven1333 Words   |  6 Pagesentertained, and not to psychologically analyze them. There are many different principles that would be applicable to the film we are discussing however, I have chosen to analyze three scenes discussing altruism, self-fulfilling prophecy, and counterfactual thinking. Please review the following scenes and analysis from the movie Unforgiven: Scene * The first scene is the opening scene when a man was upstairs in the saloon/brothel with a prostitute – Delilah, who did not want to have sex with theRead MoreImaginative Thinking : The Real World And True Living1932 Words   |  8 Pages Imaginative Thinking: How it Leads to Authentic and Effective Living Oprah Winfrey stated that â€Å"to be present is to be fully alive. And there is no true life without presence.† While this can be arguably true, it can also be proven wrong. There are different perspectives on what is considered to be the real world and â€Å"true living†. One must ask, what does it mean to be living in the present? Does it mean to be fully engaged in the current moment or doing what brings happiness? There are differentRead MoreAre Entrepreneurs Born or Made? Critically Discuss Essay1823 Words   |  8 Pagesdecisions, they can know what business deeds best suited them. Since creativity is constructed by the two complementary and inextricable parameters mentioned above (McMullan, 1976; Garavan and O’Cinneide, 1994): with possession of both â€Å"CONCRETE EXPERIENCE (application of knowledge in entrepreneurial situations) AND â€Å"ABSTRACT CONCEPTUALIZATION† (theoretical knowledge) (Garavan, T. and O’Cinneide, B., 1994); deservedly, one’s creativity crucial for opportunity recognition (Shane, 2000), is likely toRead MoreCritically Evaluate the Role Psychological Theories Play in Our Understanding of Entrepreneurship2474 Words   |  10 Pagesand with his technical skills and creative abilities he was able to produce a successful product to fill the gap. One personality driver of entrepreneurial behaviour is openness to experience; this trait has been the focus of much research on entrepreneurs. Those that possess this trait have a curiosity for experiences, in which they can pursue their ideas creatively. Those individuals that score high in openness are motivated to seek new opportunities and engage heavily in self-examination, to encourageRead MoreDecision Theory: a Brief Introduction28334 Words   |  114 Pages......................37 6.2 Appraisal of Bayesianism ............................................................40 7. Variations of expected utility ...................................................................45 7.1 Process utilities and regret theory ................................................45 2 7.2 Prospect theory.............................................................................47 8. Decision-making under uncertainty ...........................................Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesDifferences 599 †¢ Cultural Differences 600 †¢ Consequences of Stress 601 †¢ Managing Stress 602 Summary and Implications for Managers 606 S A S A L L Self-Assessment Library How Well Do I Respond to Turbulent Change? 578 Myth or Science? â€Å"Men Experience More Job Stress Than Women† 596 Self-Assessment Library How Stressful Is My Life? 600 An Ethical Choice Responsibly Managing Your Own Stress 601 glOBalization! Work–Family Stress in Different Cultures 604 Point/Counterpoint Responsible ManagersRead MoreGame Theory and Economic Analyst83847 Words   |  336 Pagesframework of complete information. A third point of view on the relations between game theory and economic theory would modify matters further. The publication of Nash’s profoundly innovative articles in the early 1950s quickly refreshed the thinking of those few economists who had been seduced by game theory, and thereafter they directed their energies towards retrospective reconstructions. Shubik rediscovered in Cournot’s work the premises of Nash’s concept of equilibrium (Shubik 1955).

The Supernatural World Of Macbeth - 1103 Words

The Elizabethan Era was composed of bright new ideas and a modern way of thinking. This was the age of the Renaissance and it was directly responsible for phenomenal inventions of science and astounding innovation. Although this era brought a significant increase in the knowledge about science, technology,and drama it also brought severe pain to the world. Since knowledge was increasing and information was spreading quickly the people of the Elizabethan Era were led to a renewed interest to the supernatural world. The idea that the world was full of witches, ghosts, and spells began to stain the country. The hysteria and paranoia regarding witches and spells caused uncontrollable excitement for the people in the 15th century. Following superstitions and indulging in mystical magic was habitual; darkness was taking over. Slowly, but surely the malicious, foul, and unholy world was raiding the souls and minds of the people in the 15th century. The supernatural world in Macbeth was represented through three evil immoral and foul women. These three women had immense powers that could tell the weather and most importantly tell the future. There vast powers were uncontrollable and their predictions only spoke half the truth. We are first introduced to the haggard old women in Act 1 Scene 1, when they are in midst of the â€Å"filthy air†. This scene sets a very murky and dim atmosphere which displays the evil character of the witches quite thoroughly. In the first scene the weirdShow MoreRelatedWilliam Shakespeare s Macbeth - The Natural And Supernatural World1313 Words   |  6 PagesDunn AP Literature 12/3/15 To be or not to be? That is the Question of Macbeth The idea that not everything is quite what it seems is not a new one, and has been explored even long before the time of William Shakespeare; however, the playwright whose name has remained the talk of dinner tables worldwide, did an exceptional job of weighing the plurality of the different forms of the natural world. In the Scottish play, Macbeth, Shakespeare both entertains his audience, and poses questions as to whatRead MoreNatural vs. Unnatural in Shakespeare ´s Macbeth Essay736 Words   |  3 PagesNatural vs. Unnatural The term supernatural was first used in 1520-30 AD. The definition of supernatural is â€Å"that which is not subject to the laws of physics, or more figuratively, that which is said to exist above and beyond nature† (â€Å"Supernatural†). The term supernatural, or unnatural, refers to paranormal, religions, and magic. Macbeth was written in 1606 and contains many of the unnatural elements listed above. In Macbeth, the supernatural plays a huge part in the play. The play is more focusedRead MoreThe Supernatural Evil Within Lady Macbeth in Shakespeare’s Macbeth1561 Words   |  6 Pagesgenders. With this in mind, Shakespeare’s Macbeth heightens the supernatural evil possessing Lady Macbeth as she condones murder for her own selfish ambition, while in Shakespeare’s time women were regarded as peaceful and full of feminine sympathies. This anachronism with the reality of Shakespeare’s day, illustrates the immense sense of wickedness and abnorma lity emphasizing her character’s influence on her husband and the plot of the play. In contrast, Macbeth appears to some extent a more acceptableRead MoreThe Supernatural in Macbeth874 Words   |  4 PagesThe Supernatural in Macbeth The supernatural contributes significantly to the story in the thrilling play Macbeth, written by Shakespeare. The paranormal signs and powers show considerable overlap with insanity in the case of several characters throughout the play. The superhuman agents that appear or contacted in the play are used for evil purposes in almost all the cases, and are predominantly resulting in the death of a human being. First of all, the three witches are using supernatural powersRead MoreShakespeares Use of the Supernatural in Macbeth Essay1249 Words   |  5 PagesShakespeares Use of the Supernatural in Macbeth When Shakespeare wrote Macbeth in the early 1600s the King of England was James I. James was king of Scotland too. He ruled in Scotland before coming king in England in 1603 as well. James was supposed to have descended from the real Banquo. Some people often think that Shakespeare wanted to flatter James I by writing this play by showing James that he was nothing like Macbeth. In Shakespeares play Macbeth it has been discoveredRead MoreThemes in Macbeth742 Words   |  3 PagesWithin Shakespeare s famous Macbeth there are many different themes that make the play the captivating masterpiece that it is. The role of the supernatural is a very important element of Shakespeare s Macbeth. Just as important, the theme of masculinity is very dominant. Both themes contribute to the play s unique and powerful nature, overall creating a very effective storyline, strong characters, and unexpected twists and turns throughout. In the time of William Shakespeare thereRead MoreImportance Of Shakespeare s Macbeth 1519 Words   |  7 Pages Importance of the Witches in Macbeth by William Shakespeare Throughout all of history, witches are known for practicing magic and creating prophecies to predict any future. In any scene involving witches, it is important to know their role in the play, whether they change the outcome of the play or simply influenced it, and the supernatural features the play comes along with in its time. In No Fear Shakespeare Macbeth by William Shakespeare, the play starts out withRead MoreRole of Supernatural in Shakespeares a Midsummer Nights Dream1547 Words   |  7 PagesShakespeares Use of the Supernatural (Penn State University, English 444.2: Spring 1998) by Fred Coppersmith Near the end of the opening scene of Macbeth, Shakespeares three Weird Sisters proclaim in unison that fair is foul, and foul is fair, providing us, as readers, with perhaps the best understanding of the plays theme and the tragic downfall of its central character. That this revelation -- this pronouncement that all is not well in Scotland -- comes from a supernatural or otherworldly sourceRead MoreThe Role of the Supernatural in the Play Macbeth Essay1628 Words   |  7 PagesThe Role of the Supernatural in the Play Macbeth ‘Fair is foul and foul is fair’ such a well-known line from the play Macbeth, with such power behind the words. I have reason to believe that the role of the supernatural plays a very important part in Shakespeare’s play Macbeth, we can say that the supernatural occurs 4 times throughout the play that we can call supernatural because they are physically unnatural things to be seen, e.g. the appearance of Banquo’s ghostRead MoreThe Tragedy Of Macbeth By William Shakespeare1497 Words   |  6 Pagesthe tragedy, Macbeth; a tale of systematic suffering, which foreshadows and imminently leads to the death of a great man. Essentially, it is Macbeth’s flaw – his growing ambition – which leads to these harsh repercussions. Shakespeare demonstrates his tragedy, through Aristotle’s elements and definition of tragedy, which ultimately concerns the reversal of good fortune to bad. In â€Å"Macbeth†, ambition conspires with supernatural forces to commit evil deeds and the themes of the supernatural, evil and

Allocated Between Fiduciary And Beneficiary -Myassignmenthelp.Com

Question: Discuss About The Allocated Between Fiduciary And Beneficiary? Answer: Introducation As held in the section 6 of the ITAA 1936 income from personal exertion includes the income that is generated from the personal exertion[1]. This represents the income that originates from the earnings, salaries and wages, fees, bonus etc. that is received in capacity to the employee in respect of the services rendered. An amount that is generated from the personal exertion might be included in the assessable income in the form of statutory income or ordinary income. An instance of remuneration has been provided in the case of Dean v FCT (1997) where retention payment made in considerations of the employees will be considered as assessable income[2]. Rent refers to the price that is paid to make use of the another persons property such as the land, building, equipment would be held assessable. As held in Adelaide Fruit and Produce Exchange Co Ltd (1932) 2 ATD 1 rent money that is received would be considered as the assessable income. Spending that is occurred in letting out the property would be considered as allowable expenditure. According to the interpretative decision of ATO ID 2002/644 the prize is not regarded as the ordinary or statutory revenue and hence it would not be considered as the reckonable earnings under either of the section 6-5 or section 6-10 of the ITAA 1997[3]. Instead, it is measured as the non-taxable bonus gain. The court has considered that the prize or gift will be considered as the ordinary income in capacity of the decision held in Squatting Investment Co Ltd v FCT (1953). Usually, a gift or reward is considered as the individual bonus and it is not regarded as the ordinary revenue given the taxpayer has received the reward or gift in respect of the revenue generating making activity of the taxpayer. Mere prizes are not an income however it may be a income if there is an adequate connection with the taxpayers income generating activities. As held in Kelly v FCT the amount received by professional footballer for best player is an income since it is incidental to his work. The character of an article will be regarded as the revenue and must be arbitrated under the conditions of its origin by the taxpayer and devoid of such character it may been derived by alternative individual[4]. As held in the case of Federal Coke Co Pty Ltd v FCT (1977) the character of the proceeds must be arbitrated under the conditions of the derivation by the taxpayer. Payments that are received for relinquishing or restricting rights cannot be considered as income. For example, a payment received by taxpayer for agreeing not do something does not constitute an assessable income. Similarly, the judgement held in the case of Higgs v Olivier (1951), states that the payment received by the actor for not producing, directing or acting in another film for a period of 18 months cannot be regarded as income[5]. According to the taxation ruling of TR 98/9, self-education expenditure is generally considered to be deductible expenditure where it is occurred to maintain or increase the taxpayers skills in the occupation in which the taxpayer is presently employed[6]. According to the judgement stated in the case of FCT v Highfield (1982) the judgement of the court stated that the expenditure incurred by the taxpayer was for carrying on his business and the objective of undergoing the degree was to make use of the knowledge obtained by the taxpayer in advancing his practice. According to section, 8-1 of the ITAA 1997 cost that is incurred by the taxpayer in acquiring the ordinary items of the clothing such as suit is not considered allowable deduction. As held in the case of Mansfield v FCT (1996) the judgment of the court allowed the flight attendant to claim an allowable deduction for the cost of shoes since it was a compulsory uniform. According to the legislative response of section 25-100 of the ITAA 1997 deductions is allowable for the cost of travel between workplace. Travel should be related directly between the place of work and income generating place and none of the place should be taxpayers home [7]. The court of law in FCT v Payne (2001) ATC 4027 denied the taxpayer allowable deductions for the cost incurred from the place of home and place of employment. Travelling between two unconnected places of work cannot be considered allowable under section 8-1. Application: As evident from the case study, Bridget received income from her employment with both part-time and full time employments. Therefore, these income forms the part of personal exertion income since it is generated in respected of services rendered by Bridget. Citing the reference of Dean v FCT (1997) Bridget income from personal exertion would be assessable in respect of section 6 of the ITAA 1936 [8]. The evidences from the case study suggest that the rental income of $30,000 received in the income year of 2016/17 will be considered as the assessable and would be included in the assessable income. However, Bridget also reported that she had incurred an allowable deductions relating to the rental property. This is because under section 8-1 the expenses on rental property was related in deriving her assessable income and would be considered allowable deductions. Bridget received a cash prize of $3000 that is regarded as the ordinary or statutory pay and therefore it is not considered as taxable income under section 6-5 or Section 6-10 of the act [9]. This is because the cash prize is observed as the bonus gain and cannot be regarded as ordinary gain since it is not related to the revenue making activity of Bridget. In the present case of Bridget, it is noticed that she received a payment consideration of $30,000 from the TV station for appearing in the cooking show and had additionally received a new cake-mixing equipment having valued $10,000. Therefore, the amount of payment considerations that is received by Bridget will be included in the chargeable pay in respect of the section 6-5 of the act[10]. In the later instances of the case study, it is found that Bridget received a sum of $20,000 with the TV station for agreeing not to appear on any similar TV cooking shows for two years period would not be regarded as income. Similarly, in reference to the judgement stated in the case of Higgs v Olivier (1951) the payments that is received by Bridget is for relinquishing the right of not appearing in any identical cooking shows. Additionally, the legal expenses will not allowable since it is not related to Bridget income producing activity. Bridget incurred a self-education expenditure with the hope of obtaining promotion in the division of accounting firm. The self-education expenditure that is incurred by Bridget was entirely deductible. The expenses were occurred for increasing the skills with the prospect of gaining promotion where she is presently working. Citing the case of FCT v Highfield (1982), Bridget will be able to entitlement for a permissible deductions under section 8-1 of the act. Bridget reported that she received a cash award for being the best accountant in Sydney. With reference to Kelly v FCT, the award is an income for Bridget since it is related to her work and related to her exercise of skill [11]. Bridget reported an expenditure on contemporary suits and it can be said the she will not be allowed to claim deductions on the ordinary articles of apparel nevertheless that such expenses was necessary in ensuring a appropriate appearance in a job or profession. According to the decision in the case of Morris v FCT 2002, deductions can be allowable if the taxpayer occupations compulsorily requires using occupation specific clothing[12]. Bridget incurred expenditure on airfares and accommodations for attending a job interview in Melbourne accounting firm. Agreeing with section 25-100 the expenses incurred by Bridget is not directly related to the place of work. Referring to FCT v Payne (2001) Bridget will be denied deductions for the cost incurred between two unconnected places of work section 8-1 of the ITAA 1997. Conclusion: Conclusively Bridget income from salaries, rental income, cash award and payment considerations would be considered assessable under section 6-5 whereas she will be entitled to deductions relating to self-education and rental property expenses under section 8-1 for education expenses. Reference List: Robinson, L., Savor, P. and Sikes, S., Value Relevance of Income Tax Expense Post FIN 48 2017. Brasington, D.M., Passing school building tax levies may increase teacher salary.Economics Letters 2017.. May, M., Briefing Paper SMART (Save Money and Reduce Tax) Pensions in the UK: Salary Sacrifice and Auto-Enrolment Margaret May January 2015.. Palazuelos, D. and Dhillon, R., Addressing the global health tax and wild cards: practical challenges to building academic careers in global health.Academic Medicine,91(1), p.30 2016. Prabhu-Verlekar, P. and Reddy, Y.V. Section 5A of Income Tax Act 1961 with reference to Goan salaried tax payers 2018. Gideon, M. Do Individuals Perceive Income Tax Rates Correctly?.Public Finance Review,45(1), pp.97-117 2017. Shakow, D.J. A Wealth Tax: Taxing the Estates of the Living.BCL Rev.,57, p.947 2016. Braithwaite, V. ed.,Taxing democracy: Understanding tax avoidance and evasion. Routledge 2017. Rogers, J. and Philippe, C., The tax burden of typical workers in the EU 27.Brussels: New Direction.[online] Retrieved,17, p.2014. Feng, J., The effect of superannuation tax incentives on salary sacrifice participation.Economic Record,90(s1), pp.59-73 2014. Xynas, L., Blissenden, M., Villios, S. and Kenny, P., Allowable deductions, cost base of CGT assets and the GAAR: a minefiled for taxpayers and their advisers.Australian Tax Law Bulletin,1(5), pp.94-98 2014. Nossaman, W.L. and Wyatt Jr, J.L., Income Taxation of Estates and Trusts: Deductions Which Must be Allocated between Fiduciary and Beneficiary.TRUST ADMINISTRATION AND TAXATION,2 2016..