Psychometric profiling and Quantity theory of money: Difference between pages

Revision as of 14:20, 23 October 2012

Economics. A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.

It is defined as: P = MV/T, where P = price level, M = amount of money in circulation, V = velocity of circulation and T = volume of transactions.

Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.

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-Psychometric profiling is a conventional and analytical process of measuring people's mental attributes and behaviour.
+''Economics''.
+A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.
-It usually involves answering a long series of questions, often with a range of possible responses.
+It is defined as: P = MV/T, where P = price level, M = amount of money in circulation, V = velocity of circulation and T = volume of transactions.
-One set of potential responses in a simple test would be on a scale ranging from Strongly Agree to Strongly Disagree.
+Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.
+== See also ==
+* [[Fisher's equation]]
-==See also==
-* [[16PF]]
-* [[ACT Competency Framework]]
-* [[Agile]]
-* [[Behavioural skills]]
-* [[DiSC]]
-* [[Emotional intelligence]]
-* [[Gravitas]]
-* [[Lumina Spark]]
-* [[Myers-Briggs]]
-* [[Working effectively with others]]
-[[Category:Commercial_drive_and_organisation]]
-[[Category:Influencing]]
-[[Category:Self_management_and_accountability]]
-[[Category:Working_effectively_with_others]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]
-[[Category:Ethics]]
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
-[[Category:Risk_frameworks]]
-[[Category:Risk_reporting]]