Misplaced Pages

#268731

146-554: The term originates in Greek mythology . Cassandra was a daughter of Priam , the King of Troy . Struck by her beauty, Apollo provided her with the gift of prophecy —either on the condition that she agree to accept his romantic advances, or without prior agreement from Cassandra, depending on the source—but when Cassandra refused Apollo's romantic advances, he placed a curse on her, ensuring that nobody would believe her warnings. Cassandra

292-427: A genre of ancient Greek folklore , today absorbed alongside Roman mythology into the broader designation of classical mythology . These stories concern the ancient Greek religion 's view of the origin and nature of the world ; the lives and activities of deities , heroes , and mythological creatures ; and the origins and significance of the ancient Greeks' cult and ritual practices. Modern scholars study

438-579: A pederastic light . Alexandrian poets at first, then more generally literary mythographers in the early Roman Empire, often re-adapted stories of Greek mythological characters in this fashion. The achievement of epic poetry was to create story-cycles and, as a result, to develop a new sense of mythological chronology. Thus, Greek mythology unfolds as a phase in the development of the world and of humans. While self-contradictions in these stories make an absolute timeline impossible, an approximate chronology may be discerned. The resulting mythological "history of

584-526: A "Cassandra woman" is very prone to hysteria because she "feels attacked not only from the outside world but also from within, especially from the body in the form of somatic, often gynaecological, complaints." Addressing the metaphorical application of the Greek Cassandra myth , Layton Schapira states that: What the Cassandra woman sees is something dark and painful that may not be apparent on

730-416: A Cassandra woman (or man) may become increasingly hysterical and irrational when in a dysfunctional relationship with a negative Apollo, and may experience others' disbelief when describing her experiences. Foreseeing potential future directions for a corporation or company is sometimes called "visioning", yet achieving a clear, shared vision in an organization is often difficult due to a lack of commitment to

876-677: A Christian moralizing perspective. The discovery of the Mycenaean civilization by the German amateur archaeologist Heinrich Schliemann in the nineteenth century, and the discovery of the Minoan civilization in Crete by the British archaeologist Arthur Evans in the twentieth century, helped to explain many existing questions about Homer's epics and provided archaeological evidence for many of

1022-585: A collection of epic poems , starts with the events leading up to the war: Eris and the golden apple of Kallisti , the Judgement of Paris , the abduction of Helen , the sacrifice of Iphigenia at Aulis . To recover Helen, the Greeks launched a great expedition under the overall command of Menelaus 's brother, Agamemnon, king of Argos, or Mycenae , but the Trojans refused to return Helen. The Iliad , which

1168-492: A combination of their name and epithets , that identify them by these distinctions from other manifestations of themselves (e.g., Apollo Musagetes is " Apollo , [as] leader of the Muses "). Alternatively, the epithet may identify a particular and localized aspect of the god, sometimes thought to be already ancient during the classical epoch of Greece. Most gods were associated with specific aspects of life. For example, Aphrodite

1314-553: A company stock's current earnings. Intellectual capital contributes to a stock's return growth. The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information at the current time. The 'hard' efficient-market hypothesis does not explain the cause of events such as the crash in 1987 , when the Dow Jones Industrial Average plummeted 22.6 percent—the largest-ever one-day fall in

1460-525: A convenient framework into which to fit their own courtly and chivalric ideals. Twelfth-century authors, such as Benoît de Sainte-Maure ( Roman de Troie [Romance of Troy, 1154–60]) and Joseph of Exeter ( De Bello Troiano [On the Trojan War, 1183]) describe the war while rewriting the standard version they found in Dictys and Dares . They thus follow Horace 's advice and Virgil's example: they rewrite

1606-431: A country as "socialist" or not. At that time, I wasn't sure that any definite criterion existed to make that sort of clear-cut judgment. And so I was pleasantly surprised at the clarity and decisiveness of Mises's answer. "A stock market," he answered promptly. "A stock market is crucial to the existence of capitalism and private property . For it means that there is a functioning market in the exchange of private titles to

SECTION 10

#1732772250269

1752-466: A failure to "get through" to the people and avert disaster. In the words of Atkisson: "too often we watch helplessly, as Cassandra did, while the soldiers emerge from the Trojan horse just as foreseen and wreak their predicted havoc. Worse, Cassandra's dilemma has seemed to grow more inescapable even as the chorus of Cassandras has grown larger." There are examples of the Cassandra metaphor being applied in

1898-489: A flat disk afloat on the river of Oceanus and overlooked by a hemispherical sky with sun, moon, and stars. The Sun ( Helios ) traversed the heavens as a charioteer and sailed around the Earth in a golden bowl at night. Sun, earth, heaven, rivers, and winds could be addressed in prayers and called to witness oaths. Natural fissures were popularly regarded as entrances to the subterranean house of Hades and his predecessors, home of

2044-564: A function of fixed costs associated with investing. Her research concludes that a fixed cost of $ 200 per year is sufficient to explain why nearly half of all U.S. households do not participate in the market. Participation rates have been shown to strongly correlate with education levels, promoting the hypothesis that information and transaction costs of market participation are better absorbed by more educated households. Behavioral economists Harrison Hong, Jeffrey Kubik and Jeremy Stein suggest that sociability and participation rates of communities have

2190-558: A god "greater than he", Zeus swallowed her. She was already pregnant with Athena , however, and she burst forth from his head—fully-grown and dressed for war. The earliest Greek thought about poetry considered the theogonies to be the prototypical poetic genre—the prototypical mythos —and imputed almost magical powers to it. Orpheus , the archetypal poet, also was the archetypal singer of theogonies, which he uses to calm seas and storms in Apollonius' Argonautica , and to move

2336-473: A guarantor of settlement. These and other stocks may also be traded " over the counter " (OTC), that is, through a dealer. Some large companies will have their stock listed on more than one exchange in different countries, so as to attract international investors. Stock exchanges may also cover other types of securities, such as fixed-interest securities (bonds) or (less frequently) derivatives, which are more likely to be traded OTC. Trade in stock markets means

2482-513: A limited number of gods, who were the focus of large pan-Hellenic cults. It was, however, common for individual regions and villages to devote their own cults to minor gods. Many cities also honored the more well-known gods with unusual local rites and associated strange myths with them that were unknown elsewhere. During the heroic age, the cult of heroes (or demigods) supplemented that of the gods. "The origins of humanity [were] ascribed to various figures, including Zeus and Prometheus ." Bridging

2628-405: A musical contest with Apollo . Ian Morris considers Prometheus' adventures as "a place between the history of the gods and that of man." An anonymous papyrus fragment, dated to the third century, vividly portrays Dionysus ' punishment of the king of Thrace , Lycurgus , whose recognition of the new god came too late, resulting in horrific penalties that extended into the afterlife. The story of

2774-510: A mutual fund or an exchange traded fund. Direct investment involves direct ownership of shares. Direct ownership of stock by individuals rose slightly from 17.8% in 1992 to 17.9% in 2007, with the median value of these holdings rising from $ 14,778 to $ 17,000. Indirect participation in the form of retirement accounts rose from 39.3% in 1992 to 52.6% in 2007, with the median value of these accounts more than doubling from $ 22,000 to $ 45,000 in that time. Rydqvist, Spizman, and Strebulaev attribute

2920-458: A number of local legends became attached. The story of Medea , in particular, caught the imagination of the tragic poets. In between the Argo and the Trojan War, there was a generation known chiefly for its horrific crimes. This includes the doings of Atreus and Thyestes at Argos. Behind the myth of the house of Atreus (one of the two principal heroic dynasties with the house of Labdacus ) lies

3066-454: A pattern in what is, in fact, just noise , e.g. seeing familiar shapes in clouds or ink blots. In the present context, this means that a succession of good news items about a company may lead investors to overreact positively, driving the price up. A period of good returns also boosts the investors' self-confidence, reducing their (psychological) risk threshold. Another phenomenon—also from psychology—that works against an objective assessment

SECTION 20

#1732772250269

3212-692: A poem of Troy instead of telling something completely new. Stock market A stock market , equity market , or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors through equity crowdfunding platforms. Investments are usually made with an investment strategy in mind. The total market capitalization of all publicly traded stocks worldwide rose from US$ 2.5 trillion in 1980 to US$ 111 trillion by

3358-419: A potent defence against persecutory anxiety and guilt." In a 1988 study, Jungian analyst Laurie Layton Schapira explored what she called the "Cassandra complex" in the lives of two of her analysands. Based on clinical experience, she delineates three factors constituting the Cassandra complex: Layton Schapira views the Cassandra complex as resulting from a dysfunctional relationship with what she calls

3504-507: A spirit to every aspect of nature. Eventually, these vague spirits assumed human forms and entered the local mythology as gods. When tribes from the north of the Balkan Peninsula invaded, they brought with them a new pantheon of gods, based on conquest, force, prowess in battle, and violent heroism. Other older gods of the agricultural world fused with those of the more powerful invaders or else faded into insignificance. After

3650-498: A statistically significant impact on an individual's decision to participate in the market. Their research indicates that social individuals living in states with higher than average participation rates are 5% more likely to participate than individuals that do not share those characteristics. This phenomenon also explained in cost terms. Knowledge of market functioning diffuses through communities and consequently lowers transaction costs associated with investing. In 12th-century France,

3796-411: A stock exchange trader . Some exchanges are physical locations where transactions are carried out on a trading floor, by a method known as open outcry . This method is used in some stock exchanges and commodities exchanges , and involves traders shouting bid and offer prices. The other type of stock exchange has a network of computers where trades are made electronically. An example of such an exchange

3942-493: A study of the fifty largest one-day share price movements in the United States in the post-war period seems to confirm this. A 'soft' EMH has emerged which does not require that prices remain at or near equilibrium, but only that market participants cannot systematically profit from any momentary ' market anomaly '. Moreover, while EMH predicts that all price movement (in the absence of change in fundamental information)

4088-402: Is group thinking . As social animals, it is not easy to stick to an opinion that differs markedly from that of a majority of the group. An example with which one may be familiar is the reluctance to enter a restaurant that is empty; people generally prefer to have their opinion validated by those of others in the group. In one paper the authors draw an analogy with gambling . In normal times

4234-597: Is applied by some psychologists to individuals who experience physical and emotional suffering as a result of distressing personal perceptions, and who are disbelieved when they attempt to share the cause of their suffering with others. In 1963, psychoanalyst Melanie Klein provided an interpretation of Cassandra as representing the human moral conscience whose main task is to issue warnings. Cassandra as moral conscience, "predicts ill to come and warns that punishment will follow and grief arise." Cassandra's need to point out moral infringements and subsequent social consequences

4380-579: Is bank-based or market-based. Events such as the 2007–2008 financial crisis have prompted a heightened degree of scrutiny of the impact of the structure of stock markets (called market microstructure ), in particular to the stability of the financial system and the transmission of systemic risk . A transformation is the move to electronic trading to replace human trading of listed securities . Changes in stock prices are mostly caused by external factors such as socioeconomic conditions, inflation, exchange rates. Intellectual capital does not affect

4526-430: Is driven by what Klein calls "the destructive influences of the cruel super-ego," which is represented in the Greek myth by the god Apollo , Cassandra's overlord and persecutor. Klein's use of the metaphor centers on the moral nature of certain predictions, which tends to evoke in others "a refusal to believe what at the same time they know to be true, and expresses the universal tendency toward denial, [with] denial being

Cassandra (metaphor) - Misplaced Pages Continue

4672-461: Is portrayed as a sacrificer, mentioned as a founder of altars, and imagined as a voracious eater himself; it is in this role that he appears in comedy. While his tragic end provided much material for tragedy— Heracles is regarded by Thalia Papadopoulou as "a play of great significance in examination of other Euripidean dramas." In art and literature, Heracles was represented as an enormously strong man of moderate height; his characteristic weapon

4818-464: Is random (i.e. non-trending) , many studies have shown a marked tendency for the stock market to trend over time periods of weeks or longer. Various explanations for such large and apparently non-random price movements have been promulgated. For instance, some research has shown that changes in estimated risk, and the use of certain strategies, such as stop-loss limits and value at risk limits, theoretically could cause financial markets to overreact. But

4964-619: Is set in the tenth year of the war, tells of the quarrel between Agamemnon and Achilles, who was the finest Greek warrior, and the consequent deaths in battle of Achilles' beloved comrade Patroclus and Priam 's eldest son, Hector . After Hector's death, the Trojans were joined by two exotic allies, Penthesilea , queen of the Amazons , and Memnon , king of the Ethiopians and son of the dawn-goddess, Eos . Achilles killed both of these, but Paris then managed to kill Achilles with an arrow in

5110-488: Is similar to the New York Stock Exchange. One or more NASDAQ market makers will always provide a bid and ask the price at which they will always purchase or sell 'their' stock. The Paris Bourse , now part of Euronext , is an order-driven, electronic stock exchange. It was automated in the late 1980s. Prior to the 1980s, it consisted of an open outcry exchange. Stockbrokers met on the trading floor of

5256-528: Is that "the Greek gods are persons, not abstractions, ideas or concepts." Regardless of their underlying forms, the Ancient Greek gods have many fantastic abilities; most significantly, the gods are not affected by disease and can be wounded only under highly unusual circumstances. The Greeks considered immortality as the distinctive characteristic of their gods; this immortality, as well as unfading youth,

5402-519: Is the NASDAQ . A potential buyer bids a specific price for a stock, and a potential seller asks a specific price for the same stock. Buying or selling at the Market means you will accept any ask price or bid price for the stock. When the bid and ask prices match, a sale takes place, on a first-come, first-served basis if there are multiple bidders at a given price. The purpose of a stock exchange

5548-405: Is to facilitate the exchange of securities between buyers and sellers, thus providing a marketplace . The exchanges provide real-time trading information on the listed securities, facilitating price discovery . The New York Stock Exchange (NYSE) is a physical exchange, with a hybrid market for placing orders electronically from any location as well as on the trading floor . Orders executed on

5694-752: The Iliad and the Odyssey . Two poems by Homer's near contemporary Hesiod , the Theogony and the Works and Days , contain accounts of the genesis of the world, the succession of divine rulers, the succession of human ages, the origin of human woes, and the origin of sacrificial practices. Myths are also preserved in the Homeric Hymns , in fragments of epic poems of the Epic Cycle , in lyric poems , in

5840-589: The Chimera and Medusa . Bellerophon's adventures are commonplace types, similar to the adventures of Heracles and Theseus. Sending a hero to his presumed death is also a recurrent theme of this early heroic tradition, used in the cases of Perseus and Bellerophon. The only surviving Hellenistic epic, the Argonautica of Apollonius of Rhodes (epic poet, scholar, and director of the Library of Alexandria ) tells

5986-476: The Derveni Papyrus now proves that at least in the fifth-century BC a theogonic-cosmogonic poem of Orpheus was in existence. The first philosophical cosmologists reacted against, or sometimes built upon, popular mythical conceptions that had existed in the Greek world for some time. Some of these popular conceptions can be gleaned from the poetry of Homer and Hesiod. In Homer, the Earth was viewed as

Cassandra (metaphor) - Misplaced Pages Continue

6132-520: The Geometric period from c.  900 BC to c.  800 BC onward. In fact, literary and archaeological sources integrate, sometimes mutually supportive and sometimes in conflict; however, in many cases, the existence of this corpus of data is an indication that many elements of Greek mythology have strong factual and historical roots. Mythical narration plays an important role in nearly every genre of Greek literature. Nevertheless,

6278-539: The Hellenistic and Roman ages was primarily composed as a literary rather than cultic exercise. Nevertheless, it contains many important details that would otherwise be lost. This category includes the works of: Prose writers from the same periods who make reference to myths include Apuleius , Petronius , Lollianus , and Heliodorus . Two other important non-poetical sources are the Fabulae and Astronomica of

6424-556: The Netherlands . Even in the days before perestroika , socialism was never a monolith. Within the Communist countries , the spectrum of socialism ranged from the quasi-market , quasi- syndicalist system of Yugoslavia to the centralized totalitarianism of neighboring Albania . One time I asked Professor von Mises , the great expert on the economics of socialism, at what point on this spectrum of statism would he designate

6570-598: The Parthenon depicting the sack of Troy); this artistic preference for themes deriving from the Trojan Cycle indicates its importance to the Ancient Greek civilization. The same mythological cycle also inspired a series of posterior European literary writings. For instance, Trojan Medieval European writers, unacquainted with Homer at first hand, found in the Troy legend a rich source of heroic and romantic storytelling and

6716-692: The Peloponnesian kingdoms of Mycenae , Sparta and Argos , claiming, according to legend, a right to rule them through their ancestor. Their rise to dominance is frequently called the " Dorian invasion ". The Lydian and later the Macedonian kings, as rulers of the same rank, also became Heracleidae. Other members of this earliest generation of heroes such as Perseus, Deucalion , Theseus and Bellerophon , have many traits in common with Heracles. Like him, their exploits are solitary, fantastic and border on fairy tale , as they slay monsters such as

6862-589: The Roman culture because of the story of Aeneas , a Trojan hero whose journey from Troy led to the founding of the city that would one day become Rome, as recounted in Virgil's Aeneid (Book II of Virgil's Aeneid contains the best-known account of the sack of Troy). Finally there are two pseudo-chronicles written in Latin that passed under the names of Dictys Cretensis and Dares Phrygius . The Trojan War cycle ,

7008-530: The University of California , published an essay on the god Apollo in which she detailed a psychological profile of the "Cassandra woman" whom she suggested referred to someone suffering—as happened in the mythological relationship between Cassandra and Apollo—a dysfunctional relationship with an "Apollo man." Bolen added that the Cassandra woman may exhibit "hysterical" overtones, and may be disbelieved when attempting to share what she knows. According to Bolen,

7154-409: The counterparty could default on the transaction. The smooth functioning of all these activities facilitates economic growth in that lower costs and enterprise risks promote the production of goods and services as well as possibly employment. In this way the financial system is assumed to contribute to increased prosperity, although some controversy exists as to whether the optimal financial system

7300-425: The income distribution have lessened their participation rate both directly and indirectly from 53.2% in 2007 to 48.8% in 2013, while over the same period households in the top decile of the income distribution slightly increased participation 91.7% to 92.1%. The mean value of direct and indirect holdings at the bottom half of the income distribution moved slightly downward from $ 53,800 in 2007 to $ 53,600 in 2013. In

7446-476: The means of production . There can be no genuine private ownership of capital without a stock market: there can be no true socialism if such a market is allowed to exist." The stock market is one of the most important ways for companies to raise money, along with debt markets which are generally more imposing but do not trade publicly. This allows businesses to be publicly traded, and raise additional financial capital for expansion by selling shares of ownership of

SECTION 50

#1732772250269

7592-423: The " Apollo archetype ", an archetype referring to any individual's or culture's pattern that is dedicated to, yet bound by, order, reason, intellect, truth, and clarity that disavows itself of anything occult or irrational. The intellectual specialization of this archetype creates emotional distance and can predispose relationships to a lack of emotional reciprocity and consequent dysfunctions. She further states that

7738-566: The "Brugse Beurse", institutionalizing what had been, until then, an informal meeting. The idea quickly spread around Flanders and neighboring countries and "Beurzen" soon opened in Ghent and Rotterdam . International traders, and specially the Italian bankers, present in Bruges since the early 13th-century, took back the word in their countries to define the place for stock market exchange: first

7884-407: The "modern Cassandra of American politics" due to his warnings about President Joe Biden 's ability to win the 2024 United States presidential election and his campaign being widely ignored. After Biden withdrew from the race, he remarked "vindication has never felt so unfulfilling." Greek mythology Greek mythology is the body of myths originally told by the ancient Greeks , and

8030-727: The 1990s stock market surge was a bubble , attracting to him the title of the "Wall Street Cassandra". Andy Grove , in his book Only the Paranoid Survive , reminds the reader of the Helpful Cassandras that sense the winds of change before others and are critical to managing through Strategic Inflection Points. Many environmentalists have predicted looming environmental catastrophes including climate change , rise in sea levels, irreversible pollution , and an impending collapse of ecosystems , including those of rainforests and ocean reefs . Individuals sometimes acquire

8176-473: The Ancient Greek pantheon, poets composed the Homeric Hymns (a group of thirty-three songs). Gregory Nagy (1992) regards "the larger Homeric Hymns as simple preludes (compared with Theogony ), each of which invokes one god." The gods of Greek mythology are described as having essentially corporeal but ideal bodies. According to Walter Burkert , the defining characteristic of Greek anthropomorphism

8322-467: The DMM may use their own resources (money or stock) to close the difference. Once a trade has been made, the details are reported on the "tape" and sent back to the brokerage firm, which then notifies the investor who placed the order. Computers play an important role, especially for program trading . The NASDAQ is an electronic exchange, where all of the trading is done over a computer network . The process

8468-557: The Greek leaders (including the wanderings of Odysseus and Aeneas (the Aeneid ), and the murder of Agamemnon) were told in two epics, the Returns (the lost Nostoi ) and Homer's Odyssey . The Trojan cycle also includes the adventures of the children of the Trojan generation (e.g., Orestes and Telemachus ). The Trojan War provided a variety of themes and became a main source of inspiration for Ancient Greek artists (e.g. metopes on

8614-472: The Greek world and noted the stories they heard, supplied numerous local myths and legends, often giving little-known alternative versions. Herodotus in particular, searched the various traditions he encountered and found the historical or mythological roots in the confrontation between Greece and the East. Herodotus attempted to reconcile origins and the blending of differing cultural concepts. The poetry of

8760-643: The Italians (Borsa), but soon also the French (Bourse), the Germans (börse), Russians (birža), Czechs (burza), Swedes (börs), Danes and Norwegians (børs). In most languages, the word coincides with that for money bag, dating back to the Latin bursa, from which obviously also derives the name of the Van der Beurse family. In the middle of the 13th century , Venetian bankers began to trade in government securities. In 1351

8906-564: The Low Countries followed in the 16th century. Around this time, a joint stock company —one whose stock is owned jointly by the shareholders—emerged and became important for the colonization of what Europeans called the " New World ". There are now stock markets in virtually every developed and most developing economies, with the world's largest markets being in the United States, United Kingdom, Japan, India , China, Canada , Germany ( Frankfurt Stock Exchange ), France, South Korea and

SECTION 60

#1732772250269

9052-553: The Olympians, the Greeks worshipped various gods of the countryside, the satyr-god Pan , Nymphs (spirits of rivers), Naiads (who dwelled in springs), Dryads (who were spirits of the trees), Nereids (who inhabited the sea), river gods, Satyrs , and others. In addition, there were the dark powers of the underworld, such as the Erinyes (or Furies), said to pursue those guilty of crimes against blood-relatives. In order to honor

9198-567: The Palais Brongniart. In 1986, the CATS trading system was introduced, and the order matching system was fully automated. People trading stock will prefer to trade on the most popular exchange since this gives the largest number of potential counter parties (buyers for a seller, sellers for a buyer) and probably the best price. However, there have always been alternatives such as brokers trying to bring parties together to trade outside

9344-599: The Peninsular War , Volume 5, published in 1914. "both of them agreed to treat the Cassandra-like prophecies which Thiebault kept sending from Salamanca as 'wild and whirling words.'" (The Oxford English Dictionary records use of "Cassandra like" from 1670 and of "Cassandra-like" from 1863.) Later, in 1949, French philosopher Gaston Bachelard coined the term "Cassandra Complex" to refer to a belief that things could be known in advance. The Cassandra metaphor

9490-764: The Roman writer styled as Pseudo- Hyginus , the Imagines of Philostratus the Elder and Philostratus the Younger , and the Descriptions of Callistratus . Finally, several Byzantine Greek writers provide important details of myth, much derived from earlier now lost Greek works. These preservers of myth include Arnobius , Hesychius , the author of the Suda , John Tzetzes , and Eustathius . They often treat mythology from

9636-519: The Trojan cycle, as well as the adventures of Heracles. These visual representations of myths are important for two reasons. Firstly, many Greek myths are attested on vases earlier than in literary sources: of the twelve labors of Heracles, for example, only the Cerberus adventure occurs in a contemporary literary text. Secondly, visual sources sometimes represent myths or mythical scenes that are not attested in any extant literary source. In some cases,

9782-445: The United States of America (about 59.9%), followed by Japan (about 6.2%) and United Kingdom (about 3.9%). A stock exchange is an exchange (or bourse) where stockbrokers and traders can buy and sell shares (equity stock ), bonds , and other securities . Many large companies have their stocks listed on a stock exchange. This makes the stock more liquid and thus more attractive to many investors. The exchange may also act as

9928-507: The United States. This event demonstrated that share prices can fall dramatically even though no generally agreed upon definite cause has been found: a thorough search failed to detect any 'reasonable' development that might have accounted for the crash. (Such events are predicted to occur strictly by randomness , although very rarely.) It seems also to be true more generally that many price movements (beyond those which are predicted to occur 'randomly') are not occasioned by new information;

10074-585: The Venetian government outlawed spreading rumors intended to lower the price of government funds. Bankers in Pisa , Verona , Genoa and Florence also began trading in government securities during the 14th century. This was only possible because these were independent city-states not ruled by a duke but a council of influential citizens. Italian companies were also the first to issue shares. Companies in England and

10220-456: The age when gods lived alone and the age when divine interference in human affairs was limited was a transitional age in which gods and mortals moved together. These were the early days of the world when the groups mingled more freely than they did later. Most of these tales were later told by Ovid's Metamorphoses and they are often divided into two thematic groups: tales of love, and tales of punishment. Tales of love often involve incest, or

10366-481: The appropriation or invention of some important cultural artifact, as when Prometheus steals fire from the gods, when Tantalus steals nectar and ambrosia from Zeus' table and gives it to his subjects—revealing to them the secrets of the gods, when Prometheus or Lycaon invents sacrifice, when Demeter teaches agriculture and the Mysteries to Triptolemus , or when Marsyas invents the aulos and enters into

10512-517: The archetypes of Cassandra and Apollo are not gender-specific. She states that "women often find that a particular [male] god exists in them as well, just as I found that when I spoke about goddesses men could identify a part of themselves with a specific goddess. Gods and goddesses represent different qualities in the human psyche. The pantheon of Greek deities together, male and female, exist as archetypes in us all ... There are gods and goddesses in every person." "As an archetype, Apollo personifies

10658-681: The army of the dead." Another important difference between the hero cult and the cult of gods is that the hero becomes the centre of local group identity. The monumental events of Heracles are regarded as the dawn of the age of heroes. To the Heroic Age are also ascribed three great events: the Argonautic expedition, the Theban Cycle , and the Trojan War . Some scholars believe that behind Heracles' complicated mythology there

10804-454: The arrival of Dionysus to establish his cult in Thrace was also the subject of an Aeschylean trilogy. In another tragedy, Euripides' The Bacchae , the king of Thebes , Pentheus , is punished by Dionysus, because he disrespected the god and spied on his Maenads , the female worshippers of the god. In another story, based on an old folktale-motif, and echoing a similar theme, Demeter

10950-523: The aspect of the personality that wants clear definitions, is drawn to master a skill, values order and harmony, and prefers to look at the surface rather than at what underlies appearances. The Apollo archetype favors thinking over feeling, distance over closeness, objective assessment over subjective intuition." Of what she describes as the negative Apollonic influence, Dr. Bolen writes: Individuals who resemble Apollo have difficulties that are related to emotional distance, such as communication problems, and

11096-471: The basis for the collection; however, the "Library" discusses events that occurred long after his death, hence the name Pseudo-Apollodorus. Among the earliest literary sources are Homer 's two epic poems, the Iliad and the Odyssey . Other poets completed the Epic Cycle , but these later and lesser poems now are lost almost entirely. Despite their traditional name, the Homeric Hymns have no direct connection with Homer. The oldest are choral hymns from

11242-409: The beginnings of the universe in human language. The most widely accepted version at the time, although a philosophical account of the beginning of things, is reported by Hesiod , in his Theogony . He begins with Chaos , a yawning nothingness. Next comes Gaia (Earth), "the ever-sure foundation of all", and then Tartarus , "in the depth of the wide-pathed Earth", and Eros (Love), "fairest among

11388-485: The best explanation seems to be that the distribution of stock market prices is non-Gaussian (in which case EMH, in any of its current forms, would not be strictly applicable). Other research has shown that psychological factors may result in exaggerated (statistically anomalous) stock price movements (contrary to EMH which assumes such behaviors 'cancel out'). Psychological research has demonstrated that people are predisposed to 'seeing' patterns, and often will perceive

11534-484: The company in a public market. The liquidity that an exchange affords the investors enables their holders to quickly and easily sell securities. This is an attractive feature of investing in stocks, compared to other less liquid investments such as property and other immoveable assets. History has shown that the price of stocks and other assets is an important part of the dynamics of economic activity, and can influence or be an indicator of social mood. An economy where

11680-512: The composition of the story of the Argonauts is earlier than Odyssey , which shows familiarity with the exploits of Jason (the wandering of Odysseus may have been partly founded on it). In ancient times, the expedition was regarded as a historical fact, an incident in the opening up of the Black Sea to Greek commerce and colonization. It was also extremely popular, forming a cycle to which

11826-451: The concept and ritual. The age in which the heroes lived is known as the Heroic age . The epic and genealogical poetry created cycles of stories clustered around particular heroes or events and established the family relationships between the heroes of different stories; they thus arranged the stories in sequence. According to Ken Dowden (1992), "there is even a saga effect: We can follow

11972-527: The contexts of medical science , the media, to feminist perspectives on reality, and in politics. There are also examples of the metaphor being used in popular music lyrics, such as the 1982 ABBA song "Cassandra", Emmy the Great's "Cassandra", Florence and the Machine 's "Cassandra", and Star One 's "Cassandra Complex". The five-part The Mars Volta song "Cassandra Gemini" may reference this syndrome, as well as

12118-408: The control and behavior of the stock market and, in general, on the smooth operation of financial system functions. Financial stability is the raison d'être of central banks. Exchanges also act as the clearinghouse for each transaction, meaning that they collect and deliver the shares, and guarantee payment to the seller of a security. This eliminates the risk to an individual buyer or seller that

12264-445: The courtiers de change were concerned with managing and regulating the debts of agricultural communities on behalf of the banks. Because these men also traded with debts, they could be called the first brokers . The Italian historian Lodovico Guicciardini described how, in late 13th-century Bruges , commodity traders gathered outdoors at a market square containing an inn owned by a family called Van der Beurze , and in 1409 they became

12410-400: The culture, arts, and literature of Western civilization and remains part of Western heritage and language. Poets and artists from ancient times to the present have derived inspiration from Greek mythology and have discovered contemporary significance and relevance in the themes. Greek mythology is known today primarily from Greek literature and representations on visual media dating from

12556-461: The dead. Influences from other cultures always afforded new themes. According to Classical-era mythology, after the overthrow of the Titans, the new pantheon of gods and goddesses was confirmed. Among the principal Greek gods were the Olympians, residing on Mount Olympus under the eye of Zeus. (The limitation of their number to twelve seems to have been a comparatively modern idea.) Besides

12702-514: The deathless gods". Without male assistance, Gaia gave birth to Uranus (the Sky) who then fertilized her. From that union were born first the Titans —six males: Coeus , Crius , Cronus , Hyperion , Iapetus , and Oceanus ; and six females: Mnemosyne , Phoebe , Rhea , Theia , Themis , and Tethys . After Cronus was born, Gaia and Uranus decreed no more Titans were to be born. They were followed by

12848-473: The decoration of votive gifts and many other artifacts. Geometric designs on pottery of the eighth century BC depict scenes from the Epic Cycle as well as the adventures of Heracles . In the succeeding Archaic , Classical , and Hellenistic periods, Homeric and various other mythological scenes appear, supplementing the existing literary evidence. Greek mythology has had an extensive influence on

12994-406: The differential growth in direct and indirect holdings to differences in the way each are taxed in the United States. Investments in pension funds and 401ks, the two most common vehicles of indirect participation, are taxed only when funds are withdrawn from the accounts. Conversely, the money used to directly purchase stock is subject to taxation as are any dividends or capital gains they generate for

13140-624: The divine-focused Theogony and Homeric Hymns in both size and popularity. Under the influence of Homer the "hero cult" leads to a restructuring in spiritual life, expressed in the separation of the realm of the gods from the realm of the dead (heroes), of the Chthonic from the Olympian. In the Works and Days , Hesiod makes use of a scheme of Four Ages of Man (or Races): Golden, Silver, Bronze, and Iron. These races or ages are separate creations of

13286-480: The earlier part of the so-called Lyric age . Hesiod , a possible contemporary with Homer, offers in his Theogony ( Origin of the Gods ) the fullest account of the earliest Greek myths, dealing with the creation of the world, the origin of the gods, Titans , and Giants , as well as elaborate genealogies, folktales, and aetiological myths. Hesiod's Works and Days , a didactic poem about farming life, also includes

13432-1221: The economy through transferring available funds from units that have excess funds (savings) to those who are suffering from funds deficit (borrowings) (Padhi and Naik, 2012). In other words, capital markets facilitate funds movement between the above-mentioned units. This process leads to the enhancement of available financial resources which in turn affects the economic growth positively. Economic and financial theories argue that stock prices are affected by macroeconomic trends. Macroeconomic trends include such as changes in GDP, unemployment rates, national income, price indices, output, consumption, unemployment, inflation, saving, investment, energy, international trade, immigration, productivity, aging populations, innovations, international finance. increasing corporate profit, increasing profit margins, higher concentration of business, lower company income, less vigorous activity, less progress, lower investment rates, lower productivity growth, less employee share of corporate revenues, decreasing Worker to Beneficiary ratio (year 1960 5:1, year 2009 3:1, year 2030 2.2:1), increasing female to male ratio college graduates. Sometimes,

13578-553: The end of 2023. As of 2016 , there are 60 stock exchanges in the world. Of these, there are 16 exchanges with a market capitalization of $ 1 trillion or more, and they account for 87% of global market capitalization. Apart from the Australian Securities Exchange , these 16 exchanges are all in North America , Europe , or Asia . By country, the largest stock markets as of January 2022 are in

13724-476: The evolution of their culture, of which mythology, both overtly and in its unspoken assumptions, is an index of the changes. In Greek mythology's surviving literary forms, as found mostly at the end of the progressive changes, it is inherently political, as Gilbert Cuthbertson (1975) has argued. The earlier inhabitants of the Balkan Peninsula were an agricultural people who, using animism , assigned

13870-850: The exchange. Some third markets that were popular are Instinet , and later Island and Archipelago (the latter two have since been acquired by Nasdaq and NYSE, respectively). One advantage is that this avoids the commissions of the exchange. However, it also has problems such as adverse selection . Financial regulators have probed dark pools . Market participants include individual retail investors, institutional investors (e.g., pension funds , insurance companies , mutual funds , index funds , exchange-traded funds , hedge funds , investor groups, banks and various other financial institutions ), and also publicly traded corporations trading in their own shares. Robo-advisors , which automate investment for individuals are also major participants. Indirect investment involves owning shares indirectly, such as via

14016-405: The fates of some families in successive generations." After the rise of the hero cult, gods and heroes constitute the sacral sphere and are invoked together in oaths and prayers which are addressed to them. Burkert (2002) notes that "the roster of heroes, again in contrast to the gods, is never given fixed and final form. Great gods are no longer born, but new heroes can always be raised up from

14162-490: The film 12 Monkeys or in Dead and Divine 's "Cassandra Syndrome". In 2024, singer-songwriter Taylor Swift recorded a song called “Cassandra” to her 11th studio album, The Tortured Poets Department , where she uses the metaphor stating that no one believed her when she was telling the truth and asking, probably the same people, if they believed in her after they “set her life in flames”. Dean Phillips has been described as

14308-509: The first known representation of a myth in geometric art predates its first known representation in late archaic poetry, by several centuries. In the Archaic ( c.  750  – c.  500 BC ), Classical ( c.  480 –323 BC), and Hellenistic (323–146 BC) periods, Homeric and various other mythological scenes appear, supplementing the existing literary evidence. Greek mythology has changed over time to accommodate

14454-470: The form of retirement accounts of 89.6%. The median value of directly owned stock in the bottom quintile of income is $ 4,000 and is $ 78,600 in the top decile of income as of 2007. The median value of indirectly held stock in the form of retirement accounts for the same two groups in the same year is $ 6,300 and $ 214,800 respectively. Since the Great Recession of 2008 households in the bottom half of

14600-472: The gods, the Golden Age belonging to the reign of Cronos, the subsequent races to the creation of Zeus . The presence of evil was explained by the myth of Pandora , when all of the best of human capabilities, save hope, had been spilled out of her overturned jar. In Metamorphoses , Ovid follows Hesiod's concept of the four ages. "Myths of origin" or " creation myths " represent an attempt to explain

14746-541: The heel. Achilles' heel was the only part of his body which was not invulnerable to damage by human weaponry. Before they could take Troy, the Greeks had to steal from the citadel the wooden image of Pallas Athena (the Palladium ). Finally, with Athena's help, they built the Trojan Horse . Despite the warnings of Priam's daughter Cassandra , the Trojans were persuaded by Sinon , a Greek who feigned desertion, to take

14892-729: The highest social prestige through his appointment as official ancestor of the Dorian kings. This probably served as a legitimation for the Dorian migrations into the Peloponnese . Hyllus , the eponymous hero of one Dorian phyle , became the son of Heracles and one of the Heracleidae or Heraclids (the numerous descendants of Heracles, especially the descendants of Hyllus —other Heracleidae included Macaria , Lamos, Manto , Bianor , Tlepolemus , and Telephus ). These Heraclids conquered

15038-436: The holder. In this way, the current tax code incentivizes individuals to invest indirectly. Rates of participation and the value of holdings differ significantly across strata of income. In the bottom quintile of income, 5.5% of households directly own stock and 10.7% hold stocks indirectly in the form of retirement accounts. The top decile of income has a direct participation rate of 47.5% and an indirect participation rate in

15184-420: The horse inside the walls of Troy as an offering to Athena; the priest Laocoon, who tried to have the horse destroyed, was killed by sea-serpents. At night the Greek fleet returned, and the Greeks from the horse opened the gates of Troy. In the total sack that followed, Priam and his remaining sons were slaughtered; the Trojan women passed into slavery in various cities of Greece. The adventurous homeward voyages of

15330-508: The inability to be intimate ... Rapport with another person is hard for the Apollo man. He prefers to access (or judge) the situation or the person from a distance, not knowing that he must "get close up"—be vulnerable and empathic—in order to truly know someone else ... But if the woman wants a deeper, more personal relationship, then there are difficulties ... she may become increasingly irrational or hysterical. Bolen suggests that

15476-408: The label of 'Cassandras', whose warnings of impending environmental disaster are disbelieved or mocked. Environmentalist Alan Atkisson wrote in 1999 that to understand that humanity is on a collision course with the laws of nature is to be stuck in what he calls the 'Cassandra dilemma' in which a person can see the most likely outcome of current trends and can warn people about what is happening, but

15622-499: The loss of billions of dollars and wealth destruction on a massive scale. An increasing number of people are involved in the stock market, especially since the social security and retirement plans are being increasingly privatized and linked to stocks and bonds and other elements of the market. There have been a number of famous stock market crashes like the Wall Street Crash of 1929 , the stock market crash of 1973–4 ,

15768-462: The market behaves like a game of roulette ; the probabilities are known and largely independent of the investment decisions of the different players. In times of market stress, however, the game becomes more like poker (herding behavior takes over). The players now must give heavy weight to the psychology of other investors and how they are likely to react psychologically. Stock markets play an essential role in growing industries that ultimately affect

15914-476: The market seems to react irrationally to economic or financial news, even if that news is likely to have no real effect on the fundamental value of securities itself. However, this market behaviour may be more apparent than real, since often such news was anticipated, and a counter reaction may occur if the news is better (or worse) than expected. Therefore, the stock market may be swayed in either direction by press releases, rumors, euphoria and mass panic . Over

16060-576: The middle of the Archaic period, myths about relationships between male gods and male heroes became more and more frequent, indicating the parallel development of pedagogic pederasty ( παιδικὸς ἔρως , eros paidikos ), thought to have been introduced around 630 BC. By the end of the fifth-century  BC, poets had assigned at least one eromenos , an adolescent boy who was their sexual companion, to every important god except Ares and many legendary figures. Previously existing myths, such as those of Achilles and Patroclus , also then were cast in

16206-577: The myth of the voyage of Jason and the Argonauts to retrieve the Golden Fleece from the mythical land of Colchis . In the Argonautica , Jason is impelled on his quest by king Pelias , who receives a prophecy that a man with one sandal would be his nemesis . Jason loses a sandal in a river, arrives at the court of Pelias, and the epic is set in motion. Nearly every member of the next generation of heroes, as well as Heracles, went with Jason in

16352-479: The mythological details about gods and heroes. The evidence about myths and rituals at Mycenaean and Minoan sites is entirely monumental, as the Linear B script (an ancient form of Greek found in both Crete and mainland Greece) was used mainly to record inventories, although certain names of gods and heroes have been tentatively identified. Geometric designs on pottery of the eighth-century  BC depict scenes from

16498-530: The myths of Prometheus , Pandora , and the Five Ages . The poet advises on the best way to succeed in a dangerous world, rendered yet more dangerous by its gods. Lyrical poets often took their subjects from myth, but their treatment became gradually less narrative and more allusive. Greek lyric poets, including Pindar , Bacchylides and Simonides , and bucolic poets such as Theocritus and Bion , relate individual mythological incidents. Additionally, myth

16644-440: The myths to shed light on the religious and political institutions of ancient Greece, and to better understand the nature of mythmaking itself. The Greek myths were initially propagated in an oral-poetic tradition most likely by Minoan and Mycenaean singers starting in the 18th century BC; eventually the myths of the heroes of the Trojan War and its aftermath became part of the oral tradition of Homer 's epic poems ,

16790-465: The national averages with 25.6% participating directly and 53.4% participating indirectly through a retirement account. 14.7% of households headed by men participated in the market directly and 33.4% owned stock through a retirement account. 12.6% of female-headed households directly owned stock and 28.7% owned stock indirectly. In a 2003 paper by Vissing-Jørgensen attempts to explain disproportionate rates of participation along wealth and income groups as

16936-469: The national rate of direct participation was 19.6%, for white households the participation rate was 24.5%, for black households it was 6.4% and for Hispanic households it was 4.3%. Indirect participation in the form of 401k ownership shows a similar pattern with a national participation rate of 42.1%, a rate of 46.4% for white households, 31.7% for black households, and 25.8% for Hispanic households. Households headed by married couples participated at rates above

17082-413: The new vision by some individuals in the organization, because it does not match reality as they see it. Those who support the new vision are termed "Cassandras"—able to see what is going to happen, but not believed. Sometimes the name Cassandra is applied to those who can predict rises, falls, and particularly crashes on the global stock market , as happened with Warren Buffett , who repeatedly warned that

17228-492: The one-eyed Cyclopes and the Hecatoncheires or Hundred-Handed Ones, who were both thrown into Tartarus by Uranus. This made Gaia furious. Cronus ("the wily, youngest and most terrible of Gaia 's children") was convinced by Gaia to castrate his father. He did this and became the ruler of the Titans with his sister-wife, Rhea, as his consort, and the other Titans became his court. A motif of father-against-son conflict

17374-473: The only general mythographical handbook to survive from Greek antiquity was the Library of Pseudo-Apollodorus. This work attempts to reconcile the contradictory tales of the poets and provides a grand summary of traditional Greek mythology and heroic legends. Apollodorus of Athens lived from c.  180 BC to c.  125 BC and wrote on many of these topics. His writings may have formed

17520-459: The problem of the devolution of power and of the mode of accession to sovereignty. The twins Atreus and Thyestes with their descendants played the leading role in the tragedy of the devolution of power in Mycenae. The Theban Cycle deals with events associated especially with Cadmus , the city's founder, and later with the doings of Laius and Oedipus at Thebes; a series of stories that lead to

17666-510: The seduction or rape of a mortal woman by a male god, resulting in heroic offspring. The stories generally suggest that relationships between gods and mortals are something to avoid; even consenting relationships rarely have happy endings. In a few cases, a female divinity mates with a mortal man, as in the Homeric Hymn to Aphrodite , where the goddess lies with Anchises to produce Aeneas . The second type (tales of punishment) involves

17812-593: The ship Argo to fetch the Golden Fleece. This generation also included Theseus , who went to Crete to slay the Minotaur ; Atalanta , the female heroine, and Meleager , who once had an epic cycle of his own to rival the Iliad and Odyssey . Pindar , Apollonius and the Bibliotheca endeavor to give full lists of the Argonauts. Although Apollonius wrote his poem in the 3rd century BC,

17958-556: The short-term, stocks and other securities can be battered or bought by any number of fast market-changing events, making the stock market behavior difficult to predict. Emotions can drive prices up and down, people are generally not as rational as they think, and the reasons for buying and selling are generally accepted. Behaviorists argue that investors often behave irrationally when making investment decisions thereby incorrectly pricing securities, which causes market inefficiencies, which, in turn, are opportunities to make money. However,

18104-483: The society while the beliefs were held. After they ceased to become religious beliefs, few would have known the rites and rituals. Allusions often existed, however, to aspects that were quite public. Images existed on pottery and religious artwork that were interpreted and more likely, misinterpreted in many diverse myths and tales. A few fragments of these works survive in quotations by Neoplatonist philosophers and recently unearthed papyrus scraps. One of these scraps,

18250-420: The stock market is on the rise is considered to be an up-and-coming economy. The stock market is often considered the primary indicator of a country's economic strength and development. Rising share prices, for instance, tend to be associated with increased business investment and vice versa. Share prices also affect the wealth of households and their consumption. Therefore, central banks tend to keep an eye on

18396-615: The stone, which had been sitting in Cronus's stomach all this time. Zeus then challenged Cronus to war for the kingship of the gods. At last, with the help of the Cyclopes (whom Zeus freed from Tartarus), Zeus and his siblings were victorious, while Cronus and the Titans were hurled down to imprisonment in Tartarus . Zeus was plagued by the same concern, and after a prophecy that the offspring of his first wife, Metis , would give birth to

18542-406: The stony hearts of the underworld gods in his descent to Hades . When Hermes invents the lyre in the Homeric Hymn to Hermes , the first thing he does is sing about the birth of the gods. Hesiod's Theogony is not only the fullest surviving account of the gods but also the fullest surviving account of the archaic poet's function, with its long preliminary invocation to the Muses . Theogony also

18688-566: The surface of things or that objective facts do not corroborate. She may envision a negative or unexpected outcome; or something which would be difficult to deal with; or a truth which others, especially authority figures, would not accept. In her frightened, ego-less state, the Cassandra woman may blurt out what she sees, perhaps with the unconscious hope that others might be able to make some sense of it. But to them her words sound meaningless, disconnected and blown out of all proportion. In 1989, Jean Shinoda Bolen , Clinical Professor of Psychiatry at

18834-473: The tale known to us through tragedy (e.g. Sophocles' Oedipus Rex ) and later mythological accounts. Greek mythology culminates in the Trojan War, fought between Greece and Troy , and its aftermath. In Homer's works, such as the Iliad , the chief stories have already taken shape and substance, and individual themes were elaborated later, especially in Greek drama. The Trojan War also elicited great interest in

18980-422: The top decile, mean value of all holdings fell from $ 982,000 to $ 969,300 in the same time. The mean value of all stock holdings across the entire income distribution is valued at $ 269,900 as of 2013. The racial composition of stock market ownership shows households headed by whites are nearly four and six times as likely to directly own stocks than households headed by blacks and Hispanics respectively. As of 2011

19126-498: The trading floor enter by way of exchange members and flow down to a floor broker , who submits the order electronically to the floor trading post for the Designated market maker ("DMM") for that stock to trade the order. The DMM's job is to maintain a two-sided market, making orders to buy and sell the security when there are no other buyers or sellers. If a bid–ask spread exists, no trade immediately takes place – in this case,

19272-507: The transfer (in exchange for money) of a stock or security from a seller to a buyer. This requires these two parties to agree on a price. Equities (stocks or shares) confer an ownership interest in a particular company. Participants in the stock market range from small individual stock investors to larger investors, who can be based anywhere in the world, and may include banks , insurance companies, pension funds and hedge funds . Their buy or sell orders may be executed on their behalf by

19418-403: The vast majority cannot, or will not respond, and later if catastrophe occurs, they may even blame the person, as if their prediction set the disaster in motion. Occasionally there may be a "successful" alert, though the succession of books, campaigns, organizations, and personalities that we think of as the environmental movement has more generally fallen toward the opposite side of this dilemma:

19564-577: The war of the Seven against Thebes and the eventual pillage of that city at the hands of the Epigoni . (It is not known whether the Seven figured in early epic.) As far as Oedipus is concerned, early epic accounts seem to have him continuing to rule at Thebes after the revelation that Iokaste was his mother, and subsequently marrying a second wife who becomes the mother of his children—markedly different from

19710-527: The whole notion of EMH is that these non-rational reactions to information cancel out, leaving the prices of stocks rationally determined. A stock market crash is often defined as a sharp dip in share prices of stocks listed on the stock exchanges. In parallel with various economic factors, a reason for stock market crashes is also due to panic and investing public's loss of confidence. Often, stock market crashes end speculative economic bubbles . There have been famous stock market crashes that have ended in

19856-538: The works of the tragedians and comedians of the fifth century BC, in writings of scholars and poets of the Hellenistic Age , and in texts from the time of the Roman Empire by writers such as Plutarch and Pausanias . Aside from this narrative deposit in ancient Greek literature , pictorial representations of gods, heroes, and mythic episodes featured prominently in ancient vase paintings and

20002-434: The world" may be divided into three or four broader periods: While the age of gods often has been of more interest to contemporary students of myth, the Greek authors of the archaic and classical eras had a clear preference for the age of heroes, establishing a chronology and record of human accomplishments after the questions of how the world came into being were explained. For example, the heroic Iliad and Odyssey dwarfed

20148-598: Was central to classical Athenian drama . The tragic playwrights Aeschylus , Sophocles , and Euripides took most of their plots from myths of the age of heroes and the Trojan War. Many of the great tragic stories (e.g. Agamemnon and his children, Oedipus , Jason , Medea , etc.) took on their classic form in these tragedies. The comic playwright Aristophanes also used myths, in The Birds and The Frogs . Historians Herodotus and Diodorus Siculus , and geographers Pausanias and Strabo , who traveled throughout

20294-478: Was insured by the constant use of nectar and ambrosia , by which the divine blood was renewed in their veins. Each god descends from his or her own genealogy, pursues differing interests, has a certain area of expertise, and is governed by a unique personality; however, these descriptions arise from a multiplicity of archaic local variants, which do not always agree with one another. When these gods are called upon in poetry, prayer, or cult, they are referred to by

20440-403: Was left with the knowledge of future events but could neither alter these events nor convince others of the validity of her predictions. People have applied the metaphor in a variety of contexts, such as psychology, environmentalism, politics, science, cinema, the corporate world, and philosophy; it has been in circulation since at least 1914, when Charles Oman used it in his book A History of

20586-592: Was probably a real man, perhaps a chieftain-vassal of the kingdom of Argos . Some scholars suggest the story of Heracles is an allegory for the sun's yearly passage through the twelve constellations of the zodiac. Others point to earlier myths from other cultures, showing the story of Heracles as a local adaptation of hero myths already well established. Traditionally, Heracles was the son of Zeus and Alcmene , granddaughter of Perseus . His fantastic solitary exploits, with their many folk-tale themes, provided much material for popular legend. According to Burkert (2002), "He

20732-511: Was repeated when Cronus was confronted by his son, Zeus . Because Cronus had betrayed his father, he feared that his offspring would do the same, and so each time Rhea gave birth, he snatched up the child and ate it. Rhea hated this and tricked him by hiding Zeus and wrapping a stone in a baby's blanket, which Cronus ate. When Zeus was full-grown, he fed Cronus a drugged drink which caused him to vomit, throwing up Rhea's other children, including Poseidon , Hades , Hestia , Demeter , and Hera , and

20878-540: Was searching for her daughter, Persephone , having taken the form of an old woman called Doso, and received a hospitable welcome from Celeus , the King of Eleusis in Attica . As a gift to Celeus, because of his hospitality, Demeter planned to make his son Demophon a god, but she was unable to complete the ritual because his mother Metanira walked in and saw her son in the fire and screamed in fright, which angered Demeter, who lamented that foolish mortals do not understand

21024-575: Was the bow but frequently also the club. Vase paintings demonstrate the unparalleled popularity of Heracles, his fight with the lion being depicted many hundreds of times. Heracles also entered Etruscan and Roman mythology and cult, and the exclamation "mehercule" became as familiar to the Romans as "Herakleis" was to the Greeks. In Italy he was worshipped as a god of merchants and traders, although others also prayed to him for his characteristic gifts of good luck or rescue from danger. Heracles attained

21170-431: Was the goddess of love and beauty, Ares was the god of war, Hades the ruler of the underworld, and Athena the goddess of wisdom and courage. Some gods, such as Apollo and Dionysus , revealed complex personalities and mixtures of functions, while others, such as Hestia (literally "hearth") and Helios (literally "sun"), were little more than personifications. The most impressive temples tended to be dedicated to

21316-503: Was the subject of many lost poems, including those attributed to Orpheus, Musaeus , Epimenides , Abaris , and other legendary seers, which were used in private ritual purifications and mystery-rites . There are indications that Plato was familiar with some version of the Orphic theogony. A silence would have been expected about religious rites and beliefs, however, and that nature of the culture would not have been reported by members of

#268731