Karma Theory And Positive Psychology: An Overview
The present study attempts to ascertain the importance of Eastern and Western concepts in reducing stress and consequently enhancing happiness and well-being in one’s life. The focus of this paper is on Karma theory as described in Indian religious traditions and its meaning in relation to happiness. Firstly, as proposed in the Holy book Bhagavad Gita, that one should neither worry about one’s ‘past’ nor ‘future’, rather should live in the ‘present’. Secondly, it emphasized on work is worship and that only work come in our jurisdiction and not the result. The teachings and principles of Karma theory are therapeutic in nature and map similarity to quite an extent with Positive Psychology constructs. Thus, this study is in a growing line of research that attempts to draw relationships between core beliefs of Indian philosophy of Karma theory and happiness.
The well-known Klein-Monti model of bank behavior considers a monopolistic bank. We demonstrate that this model’s results on the comparative static effects of a change in the exogenous interbank market interest rate do not necessarily hold in oligopolistic Cournot or Stackelberg generalizations. Introducing asymmetries in the cost functions of the banks, or in their way of conduct, may imply counterintuitive effects on the individual banks’ volumes of loans and deposits. Keywords: Bank behavior, Cournot oligopoly, Stackelberg oligopoly