Chapter

Adjusting and Correcting One’s Course

Charles W. Smith

in What the Market Teaches Us

Published in print August 2015 | ISBN: 9780198745112
Published online September 2015 | e-ISBN: 9780191806056 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780198745112.003.0010
Adjusting and Correcting One’s Course

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Adjusting and correcting one’s course, the focus of this chapter, is commonly a cumulative action taken that entails a range of the acting sensibly skills discussed earlier. It differs from the other skills in not being so much an attempt to respond to a specific unexpected happening as it is an attempt to change one’s course in a significant manner in response to a changing situation. It presents itself as a mixture of adjusting, correcting, reversing and reconfiguring one’s earlier expectations and related planned actions. It is primarily a behavioral adjustment, however, not a cognitive reframing.

Keywords: changing situation; adjusting; correcting; reversing; behavioral reframing

Chapter.  4973 words. 

Subjects: Financial Institutions and Services ; Political Economy

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