• 제목/요약/키워드: Availability Bias

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Factors Influencing the Investor's Decision Making: The Moderating Role of Locus of Control

  • KAMRAN, Hafiz Waqas;QAISAR, Abthal;SULTANA, Nayyer;NAWAZ, Muhammad Atif;AHMAD, Hafiz Tanveer
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.535-543
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    • 2020
  • Investors from the whole world are looking for those stock markets that are less affected by interest rates. Pakistan is a good place to invest and the investors from the whole world are considering Pakistan for future ventures. The current study, therefore, aims to analyze the factors affecting investors' decision making in Pakistan with the interaction effect of locus of control. The primary data are gathered from 300 respondents. Structural equation modelling (SEM-PLS) is used to analyze the interactions among variables. The study finds positive impact of availability and representative biases on investment decision making. The study could not find any moderating role of locus of control. The results imply that decisions made by Pakistani investors are driven by the most easily or currently available information and they trust on the information obtained from family and friends without any authentication and verification. One possible description of insignificant moderation effect of locus of control can be the sample traits used in the study, e.g., personal characteristics, that change from culture to culture. Another description of these findings may be the association between heuristic biases, including availability, representative and psychological biases and decision-making regarding investment is not personality specific.

와이블 수명분포와 대수정규 수리시간분포 하에서 가용도의 추정과 실증시험계획 (Estimation and Demonstration Test Plan for Availability with Weibull Lifetime and Lognormal Repair Time)

  • 서순근
    • 한국신뢰성학회지:신뢰성응용연구
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    • 제14권1호
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    • pp.1-9
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    • 2014
  • One important measure of performance for a repairable system is steady-state availability. In this paper, a method to estimate and establish confidence interval for the steady-state availability under Weibull lifetime and lognormal repair time distributions is proposed. Also, bias and mean squared error of a point estimator for an availability are investigated. In addition, a procedure to derive the sample size and critical value for availability demonstration test is presented and illustrated with a numerical example.

Cognitive Biases and Their Effects on Information Behaviour of Graduate Students in Their Research Projects

  • Behimehr, Sara;Jamali, Hamid R.
    • Journal of Information Science Theory and Practice
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    • 제8권2호
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    • pp.18-31
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    • 2020
  • Cognitive biases can influence human information behaviour and decisions made in information behaviour and use. This study aims to identify the biases involved in some aspects of information behaviour and the role they play in information behaviour and use. Twenty-five semi-structured face-to-face interviews were conducted in an exploratory qualitative study with graduate (MA and PhD) students who were at the stage of their dissertation/thesis research. Eisenberg & Berkowitz Big6TM Skills for Information Literacy was adopted as a framework for interviews and the analysis was done using grounded theory coding method. The findings revealed the presence of twenty-eight biases in different stages of information behaviour, including availability bias (affects the preference for information seeking strategies), attentional bias (leads to biased attention to some information), anchoring effect (persuades users to anchor in special parts of information), confirmation bias (increases the tendency to use information that supports one's beliefs), and choice-supportive bias (results in confidence in information seeking processes). All stages of information seeking were influenced by some biases. Biases might result in a lack of clarity in defining the information needs, failure in looking for the right information, misinterpretation of information, and might also influence the way information is presented.

합리적 문제해결을 저해하는 인지편향과 과학교육을 통한 탈인지편향 방법 탐색 (Exploring Cognitive Biases Limiting Rational Problem Solving and Debiasing Methods Using Science Education)

  • 하민수
    • 한국과학교육학회지
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    • 제36권6호
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    • pp.935-946
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    • 2016
  • 이 연구의 목적은 과학교육과 관련된 인지편향을 확인하고 과학교육을 통하여 인지편향을 줄일 수 있는 방법을 확인하기 위하여 계획되었다. 문헌조사를 통하여 연구되어진 인지편향을 수집하였고, 과학학습의 관련성이 높은 인지편향을 과학교육전문가와의 토론을 통하여 추출하였다. 연구 결과 합리적 인과관계추론을 방해하는 인지편향, 다양한 정보와 결론 생성을 방해하는 인지편향, 자기반성적 학습을 방해하는 인지편향, 자기 주도적 의사결정을 방해하는 인지편향, 범주 제한적 사고를 조장하는 인지편향의 다섯 가지로 분류하였고, 총 29개의 인지편향들을 조사하였다. 합리적 인과관계추론의 방해하는 인지편향은 목적론적 사고, 가용성 편향, 착각적 상관, 클러스터 착각이었다. 문제해결에서 다양한 정보의 탐색을 방해하는 인지편향은 선택적 지각, 실험자 편향, 확증편향, 단순 사고 효과, 주의 편향, 신념편향, 실용 오류, 기능적 고착, 틀 효과가 있었다. 자기반성적 학습을 방해하는 인지편향은 과도한 자신감 편향, 우월성 편향, 계획 오류, 기본적 귀인 오류, 더닝-크루거 효과, 사후확신편향, 맹점편향을 확인하였다. 자기 주도적 의사결정을 방해하는 인지편향은 동조효과, 편승효과, 집단사고, 권위에 호소, 정보편향이 있다. 마지막으로 범주 제한적 사고를 조장하는 인지편향으로는 심리학적 본질주의, 고정관념, 의인화, 외집단 동질성 편향이 있었다. 연구된 인지편향에 대한 심리학적 특징들과 과학교수-학습방법들을 토대로 인지편향을 줄이고 역량을 향상시킬 수 있는 수업 방법에 대해서 논의한다.

A Model of the Operator Cognitive Behaviors During the Steam Generator Tube Rupture Accident at a Nuclear Power Plant

  • Mun, J.H.;Kang, C.S.
    • Nuclear Engineering and Technology
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    • 제28권5호
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    • pp.467-481
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    • 1996
  • An integrated framework of modeling the human operator cognitive behavior during nuclear power plant accident scenarios is presented. It incorporates both plant and operator models. The basic structure of the operator model is similar to that of existing cognitive models, however, this model differs from those existing ones largely in too aspects. First, using frame and membership function, the pattern matching behavior, which is identified as the dominant cognitive process of operators responding to an accident sequence, is explicitly implemented in this model. Second, the non-task-related human cognitive activities like effect of stress and cognitive biases such as confirmation bias and availability bias, are also considered. A computer code, OPEC is assembled to simulate this framework and is actually applied to an SGTR sequence, and the resultant simulated behaviors of operator are obtained.

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AHP 기법의 적용효과및 한계점에 관한 연구 -MIS 성공요인평가를 위한 3가지 통계기법 비교중심- (Application effect and limitation of AHP as a research methodology -A comparison of 3 statistical technique for evaluating MIS success factor-)

  • 윤재곤
    • 한국경영과학회지
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    • 제21권3호
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    • pp.109-125
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    • 1996
  • Biases and errors in the human being's reasoning process have been studied continuously by the researchers, especially psychlogists and social scientists. These bias phenomenon is classified on the basis of the origin, i. e. motivation and cognition. Furthermore the necessity of research on the bias in the management and management information system areas in increased more and more recently, which have their academic backgrounds in the psychology and social science. The biased information stream is transformed into the systematic error due to the motivation and cognitive bias of human-being, then its resulting phenomena are as follows; 1. the availability of salient information 2. preconceived ideas or theories about peoples and event 3. anchoring and perseverence phenomena. In order to reduce the information errors, Satty suggested the Analytic Hierarchy Process (AHP) that is the subject of this paper and that is widely used for evaluation of complex decision making alternatives. THerefore this paper studies AHP's effects and its limitations in applying to the management area. Thus this paper compared the performances of the 3 models : 1 the traditional additive regression model. 2 regression model using the factor score, and 3 the regression model with AHP. As a result, 3 models produce the different outcomes.

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혼합배기가스형 2 스풀 터보팬 엔진의 가스경로 기법과 유전자 알고리즘 이용한 센서 노이즈 및 바이어스를 고려한 고장진단 연구 (Study on Fault Diagnostics Considering Sensor Noise and Bias of Mixed Flow Type 2-Spool Turbofan Engine using Non-Linear Gas Path Analysis Method and Genetic Algorithms)

  • 공창덕;강명철;박광림
    • 항공우주시스템공학회지
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    • 제7권1호
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    • pp.8-18
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    • 2013
  • Recently, the advanced condition monitoring methods such as the model-based method and the artificial intelligent method have been applied to maximize the availability as well as to minimize the maintenance cost of the aircraft gas turbines. Among them the non-linear GPA(Gas Path Analysis) method and the GA(Genetic Algorithms) have lots of advantages to diagnose the engines compared to other advanced condition monitoring methods such as the linear GPA, fuzzy logic and neural networks. Therefore this work applies both the non-linear GPA and the GA to diagnose AE3007 turbofan engine for an aircraft, and in case of having sensor noise and bias it is confirmed that the GA is better than the GPA through the comparison of two methods.

Behavioral Investor Types and Financial Market Players in Oman

  • SHA, Nadia;ISMAIL, Mohammed Yousoof
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.285-294
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    • 2021
  • The most basic forces of stock market are supply and demand, which increases or decreases on the basis of information. The crucial point is that investor's perception is depending on the availability of information at a particular time. But it is very difficult to understand what they take from a piece of information, and the decision varies from person to person; hence, it is important to understand the behavior of investors in the stock market. In this context, this study is focusing on behavioral investor-type diagnosis testing among financial market players (FMPs) in Oman. The study conducted a review of behavioral types among stock market investors, and attempted to assess the influence of age and gender factors on investor bias. It classifies investor type biases according to the gender and age of respondents. This study employs primary data with a structured questionnaire distributed to an equal number of male and female stock market investors in Muscat Securities Market. The study used sample t-test, one-way ANOVA, CATPCA and ALSCAL to identify the significant difference among age, gender and experience of the respondents. The present study found that all of the investors are influenced by different cognitive biases and, moreover, it depends on investor's gender.

블랙 스완 이론 관점에서 바라본 코로나-19 예방 수칙 위반 의도에 관한 연구 (A Study of Intention to Violate COVID-19 Precautions from the Perspective of the Black Swan Theory)

  • 김한민
    • 디지털융복합연구
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    • 제20권3호
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    • pp.1-8
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    • 2022
  • 코로나-19 예방 수칙 위반으로 인해 발생하는 피해가 늘어감에도 불구하고 아직까지 예방 수칙 위반에 대한 연구는 크게 조명 받고 있지 않다. 본 연구는 블랙 스완 이론에 기반하여 코로나-19 예방 수칙 위반 의도에 이론적으로 영향을 미칠 수 있는 선행 요인들을 식별하였으며, 2021년 2월 11일부터 2021년 3월 10일까지 온라인 설문 조사를 실시하여 215명의 응답을 수집하였다. 회귀 분석 결과, 예방 수칙에 대한 인식 불일치, 대표성 편향, 가용성 편향이 코로나-19 예방 수칙 위반 의도를 증가시키는 것으로 나타났다. 하지만, 낙관적 편향은 예방 수칙 위반 의도에 유의한 영향을 미치지 않았다. 본 연구는 새로운 선행 요인을 제공할 뿐만 아니라 예방 수칙 위반 의도를 감소시키기 위한 이론적 근거를 제공한다. 또한, 지역, 국가, 이론에 따른 위반 의도의 차이를 규명할 필요성을 제안한다.

바이어스 응력에 의한 고자왜 아몰퍼스 박막의 자기이방성 제어 (Anisotropy Control of Highly Magnetostrictive Films by Bias Stress)

  • 신광호;김영학;박경일;사공건
    • 한국자기학회지
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    • 제13권5호
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    • pp.193-197
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    • 2003
  • 우수한 연자성 특성과 자왜 특성을 동시에 나타내는 철계 아몰퍼스 박막을 이용한 고기능성 센서나 신호처리소자와 같은 자기탄성 디바이스를 구현하기 위해서는 자기이방성의 제어가 필요하다. 본 연구에서는 철계 아몰퍼스 박막의 자기이방성을 제어하기 위해서 바이어스 응력을 이용한 자기이방성제어 방법을 제안하였다. 제안한 방법은 박막의 기판을 굴곡시킨 상태에서 열처리를 실시하여 박막의 응력을 해소하고, 열처리 후 박막기판의 형상을 원상으로 복귀시켜서 박막에 바이어스 응력이 인가되도록 하고, 이 응력에 의해서 박막의 자기이방성이 제어되도록 하는 것이다. 응력을 이용하여 자기이방성을 제어한 박막패턴을 자구의 관찰과 자화곡선의 평가를 고찰한 결과, 제안한 자기이방성 제어방법이 유용함을 알 수 있었다.