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CAPITALISM, LEISURE, AND INTOLERANCE IN THE 1920S

The 1920s saw a significant expansion in personal freedoms for some segments of the U.S. population. At the same time, the decade witnessed widespread retrenchment, oppression, and intolerance. Which force – freedom or intolerance – was more central to the history of the United States in the 1920s?

Sample Solution

Risk Management Risk is an inevitable part of decisions made; the risks associated with the daily choices of individuals are apparently trivial compared to those made in the corporate world where the implications of the opportunity cost or forgone alternative could be catastrophic to a project if not properly managed (Buchanan and O’Connell, 2018). Risks are developments and occurrences that can cause a reduction of project objectives (Schutt Figg, 2013). Risk management is an essential element of project success; it entails decisions involving risk perception, risk assessment, and risk mitigation because projects are prone to uncertainty that disrupts the progress of projects (Carvalho & Rabechini Junior, 2015). Consequently, poor risk perception and unproductive risk management methods used at the different phases of the project are valid reasons for the increase in unsuccessful project; organizations should have the expertise to perceive, mitigate the attendant risks, in other to make better choices in the management of projects (Carvalho & Rabechini Junior, 2015). 2.8 Rationality The word rationality is an ambiguous terminology and there is no generally acceptable answer or criteria for what is rational (Osbeck, 2009).Therefore, the current literature on rationality presents divergent views on rationality by various researchers (Mele and Rawling 2014). According to Stanovich (2011), the lexicon definition of rationality implies the quality of being in tune with reason and this notion became popular by Aristotle’s assumption of man being a rational animal. In reality, rationality and reason are words used interchangeably, to describe mental capacity, faculty, or power (Audi, 2004) (Korsgaard, 2009). Furthermore, Hodgkinson & Healey (2011) defines rationality a systematic, analytic, rule-based, and explicit mechanism for decision-making. (Individuals preferring rationality follow a step-by-step decision-making process, which includes identifying and formulating the problem, thoroughly assessing pertinent information, generating a set of alternatives, evaluating the costs and benefits of these alternatives, and ultimately making a logical choice based on conscious deliberation (Elbanna, 2006; Janis & Mann, 1977; Schwenk, 1984). Given its systematic and structured nature, rational decision making can be slow, time-consuming, and effortful, and thus not always appropriate to deal with the time pressure, complexity, and uncertainty of innovative decision-making (Dane & Pratt, 2007). Despite the general acceptance of humans as rational animals, human choices most times appears irrational because these choices tend to deviate from the acceptable norms in the society because human decisions of irrelevant information (Kahneman, 2011). Likewise, Individuals succumb to circumstantial variables and tend to rationalize wrong decisions (Danziger et al., 2011) (Harmon-Jones & Mills, 1999). Besides, a great number of these irrational biases starts swiftly, easil
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