• 제목/요약/키워드: Recovery of Meaning

검색결과 108건 처리시간 0.024초

옵션 내재 변동성곡선의 정보효과와 금융 유통산업에의 시사점 (Information in the Implied Volatility Curve of Option Prices and Implications for Financial Distribution Industry)

  • 김상수;유원석;손삼호
    • 유통과학연구
    • /
    • 제13권5호
    • /
    • pp.53-60
    • /
    • 2015
  • Purpose - The purpose of this paper is to shed light on the importance of the slope and curvature of the volatility curve implied in option prices in the KOSPI 200 options index. A number of studies examine the implied volatility curve, however, these usually focus on cross-sectional characteristics such as the volatility smile. Contrary to previous studies, we focus on time-series characteristics; we investigate correlation dynamics among slope, curvature, and level of the implied volatility curve to capture market information embodied therein. Our study may provide useful implications for investors to utilize current market expectations in managing portfolios dynamically and efficiently. Research design, data, and methodology - For our empirical purpose, we gathered daily KOSPI200 index option prices executed at 2:50 pm in the Korean Exchange distribution market during the period of January 2, 2004 and January 31, 2012. In order to measure slope and curvature of the volatility curve, we use approximated delta distance; the slope is defined as the difference of implied volatilities between 15 delta call options and 15 delta put options; the curvature is defined as the difference between out-of-the-money (OTM) options and at-the-money (ATM) options. We use generalized method of moments (GMM) and the seemingly unrelated regression (SUR) method to verify correlations among level, slope, and curvature of the implied volatility curve with statistical support. Results - We find that slope as well as curvature is positively correlated with volatility level, implying that put option prices increase in a downward market. Further, we find that curvature and slope are positively correlated; however, the relation is weakened at deep moneyness. The results lead us to examine whether slope decreases monotonically as the delta increases, and it is verified with statistical significance that the deeper the moneyness, the lower the slope. It enables us to infer that when volatility surges above a certain level due to any tail risk, investors would rather take long positions in OTM call options, expecting market recovery in the near future. Conclusions - Our results are the evidence of the investor's increasing hedging demand for put options when downside market risks are expected. Adding to this, the slope and curvature of the volatility curve may provide important information regarding the timing of market recovery from a nosedive. For financial product distributors, using the dynamic relation among the three key indicators of the implied volatility curve might be helpful in enhancing profit and gaining trust and loyalty. However, it should be noted that our implications are limited since we do not provide rigorous evidence for the predictability power of volatility curves. Meaning, we need to verify whether the slope and curvature of the volatility curve have statistical significance in predicting the market trough. As one of the verifications, for instance, the performance of trading strategy based on information of slope and curvature could be tested. We reserve this for the future research.

19세기 고악보(古樂譜) 가집(歌集)의 음악론(音樂論) 고찰(考祭) - <서(序)>를 중심(中心)으로 - (A Study on Musical Theory of Ancient Score and Anthology in 19th Century - Focused on -)

  • 문주석
    • 한국시조학회지:시조학논총
    • /
    • 제26집
    • /
    • pp.187-222
    • /
    • 2007
  • 19세기의 고악보와 가집의 서문에 나타난 음악론을 연구하기 위하여 총 39종의 문헌자료 가운데 서문이 수록된 고악보 자료는 $\ulcorner$금보정선(琴譜精選)$\lrcorner$ $\ulcorner$칠현금보(七絃琴譜)$\lrcorner$ $\ulcorner$현금오음통론(玄琴五音統論)$\lrcorner$ $\ulcorner$현가궤범(絃歌軌範)$\lrcorner$ $\ulcorner$죽취금보(竹醉琴譜)$\lrcorner$ 등 5종이며 가집 중에서는 $\ulcorner$교방가요(敎坊歌謠)$\lrcorner$ $\ulcorner$승편곡(昇平曲)$\lrcorner$ $\ulcorner$가곡원류(歌曲源流)$\lrcorner$ $\ulcorner$금옥총부(金玉叢部)$\lrcorner$ 등 4종의 자료를 활용하여 19세기의 고악보와 가집에 나타난 음악론을 고찰하였다. 본 연구를 통하여 도출되는 결론은 세 가지로 요약하여 정리 할 수 있다. 첫째, 고악보의 서문에서는 음악가의 마음상태는 본래의 성품과 바른마음을 가져야 하며, 조화로운 소리는 사람을 감화시킬 수 있다. 음악가의 안정된 심리상태와 바른마음의 발현이 곧 바른음악의 표현임을 강조하였다. 둘째, 가집의 서문에서는 바른 뜻 즉, 노래말이 외설적이거나 잡스럽지 않은 노래말을 중시하였다. 바른 노래말은 급박하거나 경박스럽지 않은 완만한 빠르기의 속도로 소리를 표현해야 한다고 주장하였다. 셋째, 고악보와 가집의 서문에서 공통적으로 제시하는 것은 '고악회복'이다. 느리지만 조화롭고 바른음악을 지향하는 것이 19세기 문인지식인들과 음악가들이 지향하는 궁극의 목표임을 확인하였다.

  • PDF

하악신경 손상 후 발생한 감각부전 환자들에 대한 분석 (Analysis of Patients with Dysesthesia after Mandibular Nerve Injury)

  • 최영찬;권정승;김성택;안형준
    • Journal of Oral Medicine and Pain
    • /
    • 제34권4호
    • /
    • pp.379-385
    • /
    • 2009
  • 하악신경은 삼차신경의 한 분지로 발치, 임플란트 수술 등의 치과치료에 의하여 손상이 유발될 수 있으며, 다양한 신경병증을 보일 수 있다. 본 연구의 목적은 하악신경 손상 후 발생한 감각부전 환자들에 대한 분석을 통하여 감각부전의 이해에 필요한 기초 자료를 제시하고 의미를 파악해 보는 것이다. 2007년 1월부터 2009년 7월까지 하악신경 손상에 의한 감각부전으로 진단받은 환자 59명의 의무기록을 분석하여 다음과 같은 결과를 얻었다. 1. 가장 빈번한 손상 원인은 임플란트 수술에 의한 손상(59%)이었고, 가장 빈번한 손상 분지는 하치조신경(81%)이었다. 2. 신경 손상이 발생한 후 경과한 기간이 6개월 이상인 경우, 6개월 미만인 경우에 비하여 통증 강도(Visual Analogue Scale; VAS)가 4.82에서 6.91로 유의하게 증가해 있었다. 3. 약물치료 등 보존적 치료를 시작한 시기에 따른 감각부전의 회복 정도는 조기에 치료를 시작한 경우 증상의 회복을 보인 환자의 비율이 증가하는 경향을 보였으나, 통계학적으로 유의한 상관관계를 나타내지는 않았다. 4. 전산화단층촬영 영상에서 하치조신경관의 침범 수준에 따라 통증 강도나 감각부전의 회복 정도는 통계학적으로 유의한 상관관계를 나타내지 않았다. 결론적으로, 하악신경의 감각부전 환자들에서 치과 임플란트로 인한 하치조신경 손상이 가장 많은 비중을 차지하고 있었다. 하치조신경에 대한 침범 수준이 감각부전을 유발하는 가장 중요한 요인이겠지만 환자가 느끼는 주관적인 통증 강도나 치료에 대한 반응 등에는 신경의 손상 정도 이외에도 통증에 대한 환자의 반응, 심리상태, 치료의 시작 시기 등 많은 요인의 영향이 있을 것으로 생각된다. 따라서 조기에 약물치료 등 적극적인 보존적 치료를 시작하는 것이 증상의 회복을 위해 바람직할 것으로 생각된다. 또한 전산화단층촬영 영상에서 신경관을 직접 침범하지 않고, 신경관에 근접한 경우에도 감각부전이 나타난 경우가 적지 않은 것으로 보아 임플란트 수술 시 감각 부전의 방지를 위하여 충분한 안전거리 확보가 필수적일 것으로 사료된다.

양허증(陽虛證)의 임상적 질환 범위에 대한 고찰 (Study on Clinical Diseases of Yang Deficiency Pattern)

  • 박미선;김영목
    • 동의생리병리학회지
    • /
    • 제27권2호
    • /
    • pp.153-166
    • /
    • 2013
  • Yang deficiency pattern is a representative syndrome differentiation. This article is a study on to which categories of modern diseases yang deficiency is assigned by reference to modern clinical papers and the meaning of yang deficiency interpreted with a perspective of Korean Medicine and a modern perspective. Yang deficiency, yang qi deficiency, lack of yang qi and yang qi debilitation are the words found in "Nei Ching" and yang qi can be interpreted as something to warm, drive and arouse. Zhangzhongjing considered recovery or loss of Yang as the key to life in "Shanghanlun". Danxi proposed "Yang being liable to hyperactivity, Yin being insufficient" and emphasized pathological ministerial fire of Yang exuberance rather than physiological ministerial fire of Yang deficiency. Zhangjingyue proposed "Yang not being in excess, Yin being often deficient" and understood growth and decline of yin qi are all led by yang qi and put emphasis on true yin in addition to yang qi. Diseases of yang deficiency pattern are related with decline of metabolic level, hypofunction of internal secretion, disorder of immune function, disorder of automatic nerve system, sympathetic nerve inhibition, metabolic disorder of microelements, increase of cGMP, change of microcirculation, low speed of blood stream, kidney malfunction. Diseases related with kidney are sterility, polycystic ovary syndrome, spinal stenosis, edema, renal failure, IgA nephropathy, erectile dysfunction, nephritis, prostatitis, benign prostatic hyperplasia, decrease of adrenal cortical hormone by nephrotic syndrome, myelodysplastic syndrome. Disease related with heart are heart failure, arrhythmia, cardiomyopathy, atherosclerosis heart disease, hypertension, hyperlipidemia, pulmonary heart disease. Diseases related with spleen are irritable bowel syndrome, ulcerative colitis. Diseases related with liver are hypothyroidism, liver cirrhosis ascites, hepatitis B, chronic hepatitis, hepatic diabetes. Diseases related with lung are allergic rhinitis, cough variant asthma, bronchial asthma, pulmonary emphysema. And diabetes mellitus, metabolic syndrome, aplastic anemia, headache, encephalatrophy, Alzheimer's disease are also related with yang deficiency.

말기 환자 가족 영적요구 측정도구의 신뢰도 및 타당도 검증 (Reliability and Validity of an Instrument Assessing Spiritual Needs of Families of Terminal Cancer Patients)

  • 강경아;최영심;김예진
    • Journal of Hospice and Palliative Care
    • /
    • 제21권4호
    • /
    • pp.144-151
    • /
    • 2018
  • 목적: 말기암환자 가족의 영적요구도를 측정하기 위한 도구의 신뢰도와 타당도를 검증하기 위한 연구이다. 방법: 본 연구는 1) 예비문항의 작성 2) 내용타당도 검증 3) 신뢰도와 타당도 검증 4) 최종문항 선정 과정에 따른 방법론적 연구이다. 결과: 요인분석을 통해 '신과의 관계/죽음 수용', '관계성 회복/희망과 평화', '삶의 의미와 목적'의 3가지 요인이 추출되었다. 이 요인들은 총 변량의 61.088%를 설명하였으며, Cronbach's alpha 값은 0.944, Guttman 반분 신뢰도 계수는 0.826으로 나타났다. 결론: 본 도구는 신뢰도와 타당도를 지닌 도구임이 확인되었다. 이에 호스피스 완화의료 분야에서 말기암환자 가족의 영적요구도를 사정할 때 활용도가 높은 도구라고 본다.

청소년의 약물남용 경험 (The Adolescents' Experience in Drug Abuse)

  • 김귀분;이경호
    • 대한간호학회지
    • /
    • 제30권4호
    • /
    • pp.917-931
    • /
    • 2000
  • This study was to provide understanding for the juvenile problem of drug brought about by industrialization, and the importance people that we should take a role in helping to resolve the problem. The purpose of this study lies in approaching the effective methods to prevent Korean adolescents from being involved in drug by examining the factors of their experience. The method of this study is designed to grasp the adolescents' drug experience, its meaning, its structure and the nursing intervention ways. By applying a phenomenological approach which is based on a qualitative research method, the researchers hoped to reveal key data in each group. It has been carried on from October 1998 until September 1999 with sample of 5 adolescent inmates in K mental hospital located in Seoul. The data were collected by sereous personal deep interviews and observations. Collected data were analyzed according to the phenomenological method suggested by Giorgi. The results of this study are as follows: First, pleasure seeking: curiosity, joy, and fun; Second, affiliation: formation of clique with the same age; Third, escape from reality: loneliness, emptiness, heroic mind, self- confidence, self-absorption, and comfort; Forth, feeble- mindedness: anxiety, fear, and temptation; Fifth, psychological unadaptation: wandering, forfeiture, and incompetence; Sixth, physical counteraction: headache, vomiting, loss of memory, loss of appetite and loss of sensibility; Seventh, psychological confusion: illusion, auditory hallucination and dream; Eighth, recovery of self-consciousness: repentance, desire and awareness This study results in the following suggestions of the nursing intervention 1. To cultivate a wholesome game culture for the adolescents. 2. To make up the group activities so that the adolescents can establish their sense of identity through a variety of group counseling program. 3. To foster the capability to cope with the change in the process of social accommodation. 4. To enforce the social life skill for the adolescents. 5. To practice the systematic education about drug use. 6. To develop the social education programs. 7. To help the adolescents build up their sense of identity by applying the adolescent cure programs. Above all, it is necessary that school and community as well as home should establish the educational environment paying special concern and consideration to the adolescents.

  • PDF

Recognizing the Two Faces of Gambling: The Lived Experiences of Korean Women Gamblers

  • Kim, Sungjae;Kim, Wooksoo;Dickerson, Suzanne S.
    • 대한간호학회지
    • /
    • 제46권5호
    • /
    • pp.753-765
    • /
    • 2016
  • Purpose: The aim of this study was to explore the lived experiences of women problem gamblers, focusing on the meaning of gambling to them, how and why these women continue to gamble or stop gambling, and their needs and concerns. In order to effectively help women problem gamblers, practical in-depth knowledge is necessary to develop intervention programs for prevention, treatment, and recovery among women problem gamblers. Methods: The hermeneutic phenomenology approach was used to guide in-depth interviews and team interpretation of data. Sixteen women gamblers who chose to live in the casino area were recruited through snowball sampling with help from a counseling center. Participants were individually interviewed from February to April 2013 and asked to tell their stories of gambling. Transcribed interviews provided data for interpretive analysis. Results: In the study analysis one constitutive pattern was identified: moving beyond addiction by recognizing the two faces of gambling in their life. Four related themes emerged in the analysis-gambling as alluring; gambling as 'ugly'; living in contradictions; and moving beyond. Conclusion: Loneliness and isolation play a critical role in gambling experiences of women gamblers in Korea. In other words, they are motivated to gamble in order to escape from loneliness, to stop gambling for fear of being lonely as they get older, and to stay in the casnio area so as not to be alone. The need for acceptance is one fo the important factors that should be considered in developing intervention program for women.

노베르그-슐츠(C. Norberg-Schulz)의 '장소성' 이론에 대한 비판적 고찰 - 하이데거(Martin Heidegger)의 "개방성(Openness)"과 "틈새내기(Rift-design)" 사유를 근거로 - (A Critical Review on C. Norberg Schulz's Theory of the 'Placeness' - Centering around Heidegger's Thought of "Openness" -)

  • 이승헌;이동언
    • 건축역사연구
    • /
    • 제12권3호
    • /
    • pp.149-162
    • /
    • 2003
  • Schulz accepted the existentialist view based on Heidegger's thought and at the same time the objectivist view making fixed this living world, evoking controversies for discussion. He could not see various presentations of the meaning of place because he perceived elements of this world individually. Thus Schulz's mixed system of understanding is sternly different from Heidegger's thought. First, Heidegger suggests that place as existential space represents the occasion revelation of incidents in Dasein. While Schulz recognizes that place is a systematic space predetermined for Dasein. Second, Heidegger interprets the placeness as creative openness in which elements comprising this world face and interact with each other into one. In contrast, Schulz defines each of the elements through signification and regards it as invariable and static. Third, Heidegger perceives that the placeness is expressed with sustainable, complex images through "rift-design" which seeks dynamic interactions between the ground and the world. While Schulz attempts to take "Genius Loci" or "habituated scene" through "gathering" as a concept he regards static and then visualize such structural two factors, producing certain internal images of place. However, limits of Schulz's theory prevent us from exerting complete imagination and discovering the inner creative world of the object. Thus the ultimate goal of paying attention to the placeness, that is, the recovery of individual identity, fails due to the prevalence and abstraction of objectified thinking. In contrast, Heidegger's thought about "openness" is a useful means of realizing the placeness. Openness may be referred to a dynamic coordination in which the earth and the world sustain each other under incessant mutual tensions, but not sticking o each other. "Rift-design" is an openness strategy to cause tense relations by preventing structuralization intentively. This is a creative design that allows seeing original seams of the object.

  • PDF

20·30대 채무불이행자의 부채사용의도 : 합리적 행동이론을 중심으로 (Debt-Use Intention of Young Defaulters on the Theory of Reasoned Action)

  • 김미라;김혜선
    • 가정과삶의질연구
    • /
    • 제29권6호
    • /
    • pp.9-25
    • /
    • 2011
  • This study was performed to explore the factors that affect debt-use intention of young defaulters. In addition, this study compares three models that predict the intention to use debt by young defaulters: the theory of reasoned action and two variations of it. Specifically, this study proposes an extended theory of reasoned action by introducing Ao in place of the cognitive structure in the theory of reasoned action. In addition, this study proposes Ao as an independent variable that acts on BI rather than a dependent variable. Self-administered questionnaires were completed by 196 young defaulters attending a credit management education session held by the Credit Counseling & Recovery Service in Kwang-ju, Korea. Based on the study, the conclusions are as follows: the extended theory of reasoned action as proposed in this article most suitably explained the intention to use debt by young defaulters. It was also found that young defaulters were affected by attitudes toward debt, attitudes toward using debt, and subjective norms. It is therefore suggested that an attitudinal message would change the behavior effectively for young defaulters. The findings appeared to support the usefulness of the extended theory of reasoned action and the role of Ao as an independent variable as proposed in this article to explain the intention to use debt by young defaulters. These findings have an important theoretical meaning in that they modify two existing attitude theories in the context of consumer behavior.

느린 간호의 개념 분석 (A Concept Analysis of Slow Nursing)

  • 우현미;박정숙
    • 한국융합학회논문지
    • /
    • 제11권5호
    • /
    • pp.381-389
    • /
    • 2020
  • 환자 특히 노인환자들은 자신의 특성과 속도에 적합한 간호를 필요로 하는 데 비해, 우리나라 현실에서는 '빠른 간호'가 강조되는 실정이다. 이에 본 연구는 한국에서의 '느린 간호'의 속성을 파악하고자 한다. Walker & Avant의 방법을 사용하여 문헌고찰을 통해 '느린 간호'에 대한 개념분석을 실시하였다. 2000~2019년 Pubmed, Riss, NDSL, DBPIA, Google scholar에서 '느린', '느림', '느린 간호', '느린 처방'을 핵심단어로 하여 문헌을 찾고 개념분석을 실시한 결과, '느린 간호'의 속성으로 '대상자의 속도 존중', '주의 깊음', '과정 중 안위', '참여', 그리고 '삶의 의미 숙고'가 나타났다. 이러한 '느린 간호'의 속성을 중심으로 모델사례를 도출하였다. '느린 간호'의 선행 요인은 환자의 기능 저하, 심리적 처짐, 무관심, 치료에 대한 두려움, 삶의 의지 부족으로 나타났으며, 느린 간호로 인해 나타나는 결과로는 잠재 능력 발견, 자신감 회복, 건강증진, 의료진과의 의사소통 향상, 신뢰감 및 자아통합감이 도출되었다. 향후 '느린 간호'의 속성을 이용한 측정도구를 개발하여 대상자 간호와 연구에 이바지하기를 기대한다.