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What the Market Teaches UsLimitations of Knowing and Tactics for Doing$
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Charles Smith

Print publication date: 2015

Print ISBN-13: 9780198745112

Published to Oxford Scholarship Online: September 2015

DOI: 10.1093/acprof:oso/9780198745112.001.0001

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Adjusting and Correcting One’s Course

Adjusting and Correcting One’s Course

(p.126) 9 Adjusting and Correcting One’s Course
What the Market Teaches Us

Charles W. Smith

Oxford University Press

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

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