RESEARCH METHODS-W/ACCESS >CUSTOM<
RESEARCH METHODS-W/ACCESS >CUSTOM<
5th Edition
ISBN: 9781305743625
Author: GRAVETTER
Publisher: CENGAGE C
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 1.2, Problem 1LO

Describe tenacity and intuition as methods of knowing or acquiring knowledge. Identify an example and explain the limitations of each method.

Expert Solution & Answer
Check Mark
To determine

To describe:

Tenacity and intuition as methods of knowing and acquiring knowledge and identify an example and limitation of each method.

Answer to Problem 1LO

Solution:

Tenacity is defined as the one of the most common and dangerous method of accepting new information.

Intuition is defined as the belief that whatever they answer that is true without any evidence.

Explanation of Solution

There are various methods of knowing or acquiring knowledge: tenacity, intuition, authority, the rational method and the empirical method. Tenacity is one of the most commonly used method which tells that the truth is true even when the evidence contradicts whereas the intuition is the method in which believe or guess of a person is considered without any evidence. The limitation to tenacity method is that it is strong in terms of belief even in the presence of proof/evidence. Therefore this method might not be accurate. The intuition is a good

as it supports us to develop our confidence but sometimes it is harmful because intuition may not be right always as there are evidences available against the intuition but one does not believe as he/she may be overconfident about that.

Conclusion:

Tenacity and intuition are the methods for acquiring knowledge. Tenacity is the method in which truth is considered as true even if the evidence is against in that truth whereas the intuition means believe or guess in the absence of evidence.

Justification:

As the tenacity tells that the truth is true even if there is absence of support in terms of evidence such as in the research work, if our research is true and evidence, that is, another research paper is in against of our research paper, we consider that our research is correct. In some competitive examinations, sometimes the options given for the particular question may not correct then, in that case, one ticks the correct option on the basis of his/her intuition.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
02:36
Students have asked these similar questions
1 (Expected Shortfall) Suppose the price of an asset Pt follows a normal random walk, i.e., Pt = Po+r₁ + ... + rt with r₁, r2,... being IID N(μ, o²). Po+r1+. ⚫ Suppose the VaR of rt is VaRq(rt) at level q, find the VaR of the price in T days, i.e., VaRq(Pt – Pt–T). - • If ESq(rt) = A, find ES₁(Pt – Pt–T).
2 (Normal Distribution) Let rt be a log return. Suppose that r₁, 2, ... are IID N(0.06, 0.47). What is the distribution of rt (4) = rt + rt-1 + rt-2 + rt-3? What is P(rt (4) < 2)? What is the covariance between r2(2) = 1 + 12 and 13(2) = r² + 13? • What is the conditional distribution of r₁(3) = rt + rt-1 + rt-2 given rt-2 = 0.6?
3 (Sharpe-ratio) Suppose that X1, X2,..., is a lognormal geometric random walk with parameters (μ, o²). Specifically, suppose that X = Xo exp(rı + ...Tk), where Xo is a fixed constant and r1, T2, ... are IID N(μ, o²). Find the Sharpe-ratios of rk and log(Xk) — log(Xo) respectively, assuming the risk free return is 0.
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Algebra for College Students
Algebra
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning
Text book image
Intermediate Algebra
Algebra
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning
Text book image
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Statistics 4.1 Introduction to Inferential Statistics; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=QLo4TEvBvK4;License: Standard YouTube License, CC-BY