• Title/Summary/Keyword: Prospect theory

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Application Prospects of Knowledge Awareness System for Supporting Collaborative Learning in Digital Textbook (디지털 교과서에서 협력 학습 지원을 위한 지식 인식 시스템의 적용 방안)

  • Kwon, Suk Jin;Sim, Hyeon Ae;Kwon, Sun Hwa
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.6 no.2
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    • pp.169-182
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    • 2010
  • The purpose of the study is to prospect the application of knowledge awareness system in the use of the digital textbook which is one of the main educational political projects based on the exploration of the awareness theory for the computer-supported collaborative learning. To do this, first, knowledge awareness theory for computer-supported collaborative learning (CSCL) as a rationale for digital textbook which supports the collaborative learning was introduced. Second, three functionalities of knowledge awareness systems were extracted by analyzing the representative knowledge awareness tools of CSCL environment. Third, application prospects of knowledge awareness system toward the development and utilization of digital textbook were presented. The paper suggested the need of more researches such as the prototype development of digital textbook which applies the knowledge awareness system's functionalities and empirical researches which examine their effectiveness and efficiency.

A Review of the Development and Critique of Citation Analysis (인용분석의 발전과 그에 대한 비판)

  • Jung, Kyung-Hee
    • Journal of Information Management
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    • v.30 no.2
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    • pp.53-68
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    • 1999
  • This paper focuses on the critique of citation analysis and then attempts to prospect for the future. The development of citation analysis has been marked by the invention of new techniques and measures, the exploitation of new tools, and the needs of evaluation of scientific research. Normative theory takes the lead in this development. But critics have questioned both the assumptions and methods of citation analysis. This critics are based on the microsociological perspective.

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Structural stability of laminated composite material for the effectiveness of half axial wave mode: Frequency impact

  • Muzamal, Hussain
    • Advances in concrete construction
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    • v.14 no.5
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    • pp.309-315
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    • 2022
  • This paper depicts the diagram of cylindrical shells as an essential idea. It centers around an outline of exploration and use of cylindrical shell in expansive current circumstance. In view of investigation of the current and prospect of model as a piece of present exploration work, a straightforward contextual analysis is examined with Love's shell theory based on Galerkin's method. The cylindrical shells are attached from one end of the cylindrical shells. The frequencies of ring support shells are investigated against the half axial wave mode. The frequencies increase on increasing the half axial wave mode. Also, the frequencies are downsized with ring supports. The software MATLAB is preferred to others because in this software computing coding is very easy to do. Just single command 'eig' furnishes shell frequencies and mode shapes by calculating eigenvalues and eigenvectors respectively. The shell vibration frequencies for cylindrical shells are compared with those results found in the open literature.

Dynamics of Asset Returns Considering Asymmetric Volatility Effects: Evidences from Korean Asset Markets (우리나라 자산가격 변동의 기준점 효과 및 전망이론적 해석 가능성 검정)

  • Kim, Yun-Yeong;Lee, Jinsoo
    • KDI Journal of Economic Policy
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    • v.33 no.1
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    • pp.93-124
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    • 2011
  • In this paper, we claim the asymmetric response of asset returns on the past asset returns' signs may be explained from the market behavioral portfolio choice of investors. For this, we admit the anchor and adjustment mechanism of investors which partly explains the momentum in the asset prices. We also claim the prospect theory based on the risk aversions may simultaneously work with the anchor and adjustment effect, whenever the lagged asset return was positive and investors accrued the gain. To identify these effects empirically in a threshold autoregressive model, we suppose the risk aversions inducing the volatility effect is related with the past volatility of asset returns. In application of suggested method to Korean stock and real estate markets, we found these effect exist as expected.

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Designing Revenue Sharing Contract for Irrational Newsvendors (소매상의 비합리성을 고려한 공급사슬의 수익 공유 계약 설계에 대한 연구)

  • Lee, Jung Min;Seo, Yong Won
    • Journal of the Korean Operations Research and Management Science Society
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    • v.41 no.2
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    • pp.101-127
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    • 2016
  • Irrational ordering decisions of supply chain members have been gaining growing importance in the area of supply chain management. Irrational ordering behaviors that deviate from the profit maximizing decisions in the newsvendor settings have observed with human experiments in recent research. These behaviors can be modeled with several typical decision bias elements. This bias in ordering decisions affects the performance of supply chain contracts designed based on the assumption that the supply chain members make optimal decisions, making it necessary to design supply chain contracts by considering the irrationality. The purpose of this research is to derive a method to design the revenue sharing contract that considers human irrationality in ordering decisions. This research considers a simple two-echelon supply chain consisting of one supplier and one retailer, where the supplier is assumed to be perfectly rational while the retailer making newsvendor type ordering decisions displays irrational ordering behaviors. Under this environment, this research analytically models the revenue sharing contract to maximize the total supply chain profit or the supplier's own profits while considering the three decision bias patterns of the retailer, which include the pull-to-center effect, the prospect theory, and the increased subjective sensitivity to the revenue sharing ratio. Irrationality parameters are measured through human experiments based on which and through numerical simulations, we showed that significant improvements in the supply chain performance can be achieved.

Determinants of the Unification Tax Acceptance and Persuasion Strategy (통일세 수용의 선행 요인과 메시지 유형별 설득 효과에 대한 연구)

  • Kim, Haeyoung;Shin, Myoung-Hwan
    • The Journal of the Korea Contents Association
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    • v.16 no.9
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    • pp.22-39
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    • 2016
  • How to obtain the financial resources has not been sufficiently addressed, although the unification of Korea incurs enormous cost. This study explains what tax payers of Korea think with regard to the unification tax which is a contradictory issue as a financial resource. The authors analyzed demographic factors, an initial attitude to unification and tax system, and the degree of knowledge as independent variables affecting the intention to pay the unification tax. Furthermore, through the prospect theory, the authors found out how the attitudes of tax payers change by providing them with different messages according to whether they support or oppose the unification tax. The results showed that a group who are male, a group who are old, and a group with high income tend to support the unification and the unification tax more than others. And the results presents that a group who has more interests in both the unification and the unification tax and a group who has more knowledge about the unification and the tax system have more willingness to pay the unification tax than others. In addition, with regard to the persuasive effect of distinct message types, a message which conceals the cost of attitude change was demonstrated to be more effective than a message which emphasizes the benefit.

The Effects of Price-Framing and Message-Framing Strategies on Consumer Attitudes: Focusing on Online Travel Products (가격 프레이밍과 메시지 프레이밍 전략이 소비자 태도에 미치는 영향: 온라인 여행상품을 중심으로)

  • Kim, Mi-Kyung;Chung, Nuree;Yang, Sung-Byung
    • The Journal of Information Systems
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    • v.26 no.3
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    • pp.119-147
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    • 2017
  • Purpose In an online e-commerce environment without face-to-face contact between the seller and the buyer, the attitudes of consumers differ greatly depending on which framing strategy is applied, even in cases when the benefits of the deals represent the same value. The purpose of this study is to explore the effects of price-framing and message-framing strategies on consumer attitudes through an experimental analysis in the context of online travel product purchasing. This study suggests a research model based on prospect theory and prior literature on price-framing and message-framing strategies. Design/methodology/approach The experiment was structured as a 2 (discount price presentation: 'Won' vs. '%') ${\times}$ 2 (discount level: low vs. high) ${\times}$ 2 (time-limit message: none vs. one) mixed design. The research hypotheses were tested in a study of 200 undergraduate and graduate students assigned randomly and distributed evenly to each of the eight cells. Findings The findings indicate that consumer attitudes become more favorable when the '%' discount, higher discount rate, and time-limit message are presented. However, no significant interaction effect is found between the discount price presentation and the discount level/time-limit message. This study has a theoretical implication in that it extends the scope of research by examining the influence of framing strategies on experience goods such as online travel products. Moreover, this study can provide managers with more specific guidelines when establishing framing strategies in the context of purchasing online travel products.

Nature and Prospect of Complexity Paradigm (복잡계 패러다임의 특성과 전망)

  • Kim Mun-Cho
    • Journal of Science and Technology Studies
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    • v.3 no.2 s.6
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    • pp.1-27
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    • 2003
  • Complexity paradigm is a scientific amalgam that aims to unite a range of theoretical perspectives and research agendas across natural and social sciences. Proponents of complexity paradigm lay claims to an increasing number of areas of study, including artificial life, interpersonal networks, internal/international patterning of organizations, mapping of cyberspace, etc. All of those can be subsumed under the title, 'complexity turn.' Owing to the idea of open system, complexity paradigm has developed a number of new concepts/themes/perspectives that help to account for the complex mechanism of living and non-living creatures. A complex system comprises a number of properties such as disequilibrium, nonlinearity, dissipative structure, self-organization fractal geometry, autopoiesis, coevolution. Following a brief introduction to theoretical development, those properties are succinctly discussed. The complexity turn has provided a wealth of insights that enable to analyze system operations of any kind. It contributes a lot to illuminating the working of social system as well. The most remarkable attempt may be Niklas Luhmann's 'neofunctional system theory.' Merits and shortcomings of complexity paradigm were examined and its future prospect were assessed with the conclusion that complexity paradigm would continue to be useful both as effective transdisciplinary framework and powerful analytical tool.

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The Change of Worth View for the Vocation and Structure of Consciousness on the Shipboard Collegian who majored in Fisheries and Maritime Field (수.해운계 승선계열 대학생들의 의식구조 및 직업에 대한 가치관의 변화)

  • 이길래;배석제;정흥기;홍성근
    • Journal of the Korean Institute of Navigation
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    • v.20 no.2
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    • pp.59-76
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    • 1996
  • We have implemented the questionnaire survey to study the structure of consciousness of collegian and the Change of the worth view of the vocation on totally 832 collegians who attended to fisheries and martime colleges. The results were as follows : Most collegian had selected college and department by means of surrounding recommendation and acquired scores without regarding his own aptitude and prospect. The educational aims of the collegian who majored in fisheries and maritime field are to carry out the theory and practise along with emphasizing technical education and human-being education together. Concerning to the status of professor. Most collegian had wanted professor not only who had much comprehensive faculty but also who pointed out than well teaching professor. The collegian who consult their prospect with professor was very rare and they were very negative for the learning majoring in fisheries and maritime field. Because the practice guidance was not accomplished effectively on the account of social aspect, most collegian has avoided jobs relating to fisheries and maritime field. Also, they had selected short term on the job training couse aboard the ship.

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On Identity Between Truth Bearer and Fact (진리담지자와 사실 사이의 동일성에 대하여)

  • Kim, Donghyun
    • Korean Journal of Logic
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    • v.21 no.2
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    • pp.207-231
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    • 2018
  • The identity theory of truth insists that a truth bearer is identical with a fact. First, I will consider how we can make the thesis intelligible. For this, I classify the identity relation which the identity theory discusses into two kind; trivial and non-trivial relation. And I show that the trivial one is not adequate to be qualified to be applied to the identity theory. The non-trivial relation can be adopted in robust or modest way. I argue that the robust kind of identity theory is incoherent itself. Then, I explain why we should compare the modest identity theory with the deflationism. From this comparing, I will draw the consequence that two choices are left to the modest theory. If they choose one way, there is no reason for us to prefer the identity theory to deflationism. On the other hand, in case that they choose the other way, I argue what kinds of interesting problem is left to be solved by the modest theorists. Finally, I will evaluate the limit and prospect of the result of the problem in case that the identity theorists achieve their goal.