• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.635-645
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• 2020

This research was conducted to achieve several objectives and focus research was based on financial behavior theory and prospect theory as grounded theory e.g., investigate the financial decision-making behavior between financial and real assets investment, and confirm the relationship existing between herding behavior and overconfidence factors to the level of loss and regret aversion, and financial literacy into real assets investment decisions. The study used 220 real estate auction respondents as investor samples at the State Assets and Auction Service Office Makassar, South Sulawesi, Indonesia. Data was collected through the use of a questionnaire consisting of 23 questions to measure the variables. Moreover, the research data passed through several feasibility tests like the inner and outer modeling by Partial Least Square - Structural equation model (PLS-SEM) while the hypotheses formulated were also tested to determine the magnitude of the variable relationship. Through the use of the direct and intervening test, loss and regret aversion variables have a positive and significant effect while financial literacy variables have no significant effect. There is a slight difference in the decision-making process for real assets and financial assets investors. Investment decision making behavior in the financial assets sector requires less complicated decisions compared to the decisions related to real assets investments.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.44 no.1
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• pp.10-19
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• 2008

This paper focuses on the mackerel's visual ability and swimming capability, and aims to describe the behavior in capture and escape process by trawl. The visual sensory systems and reaction behavior based locomotory capability were analyzed and simulated. The ability of fish to see an object depends on the light intensity and the contrast and size of the object. Swimming endurance of the fish is dependent on the swimming speed and the size of the fish. Swimming speeds of the fish are simulated 3 types of the burst speed, the prolonged speed and the sustained speed according to the time they can maintain to swim. The herding and avoiding is typical reaction of the fish to the stimuli of trawl gear in the capture process. These basic behavior patterns of the virtual mackerel to the gear are simulated. This simulation will be helpful to understand the fishing processes and make high selectivity of fishing.

• Journal of Distribution Science
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• v.20 no.1
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• pp.77-85
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• 2022

Purpose: The Covid-19 pandemic has triggered several herd purchase behaviors, and online shopping has been considered a health-related preventative behavior. Thisstudy aimsto the relative impact of health threat beliefs concerning Covid-19 (perceived susceptibility and perceived severity) and herd mentality on consumers' online shopping post-adoption disconfirmation and continuance intention of online shopping. Research design, data and methodology: An internet survey was conducted with Vietnamese consumers, and upon screening, usable data of 292 responses were analyzed using PLS-SEM. Results showed that while herd mentality positively affects disconfirmation, health threat beliefs including perceived susceptibility and perceived severity of Covid-19 do not. Results: Results also provided further support for the notion that disconfirmation is a crucial determinant of post-adoption continuance intention. Moreover, herd mentality also has a significantly negative influence on online shopping post-adoption continuance intention. Conclusions: The research provides evidence supporting the role of herd mentality and post-adoption disconfirmation in driving consumers' intention to continue online shopping. However, the research shows that neither the perceived susceptibility of Covid-19 nor the perceived severity of Covid-19 has significant impact on post-adoption disconfirmation, adding mixed evidence to the application of health belief theory in technology (such as online shopping) adoption.

• Asian-Australasian Journal of Animal Sciences
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• v.12 no.5
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• pp.815-836
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• 1999

The role of animal agriculture for the quality of human life has always been emphasized during 20th century and it is expected to be even more important in terms of food supplies and in providing additional functions in the future. The world human population has almost tripled during a period of half century. The world population of animals has increased 2~3 times (6 times for chicken) during the last 60 years, and the total amount of livestock products has increased 5~6 times (more than 10 times in pork) with higher annual growth rate (9%) in developing countries. Increased personal income certainly encouraged demand for animal products over grains and lower animal production costs resulted from scientific and technological advances. Similarly the production of total grains has more than doubled owing to the advances in agricultural science during the later part of the 20th century. The average life span of world people in 1950s was only 46 years, which will be increased to almost 66 years in the year 2000. Present date clearly indicate that the life span of people is proportional to their income (GNP) and/or animal protein intake. Animals can provide other resources than foods. The increase of human population indicates that the number of animals as well as per capita consumption of animal products will be increased in the 21st century. The other resources we get from animals are drafts, packing, riding, hunting and herding. Guiding the blind, protection and companionship are also examples of what we can expect from animals. In the very near future, animals will become major donors of organs, skin and producers of drugs or special functional foods. It may be concluded that animals are very closely associated and related to the quality of human life, and they are expected to remain the same way in the 21st century.

• Journal of the Korea Convergence Society
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• v.7 no.6
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• pp.205-212
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• 2016

This study attempts to empirically investigate if value strategy and momentum strategy could be improved by using past financial data such as ROE and PER in the Korean stock market. The study observes that both strategies which are refined by the portfolios consisting of companies with higher ROE/PER ratio show higher positive excessive returns than the traditional value strategy and momentum strategy. The study discusses that the excessive returns could be due to investors' behavioral biases such as conservatism, anchoring, confirmation, and herding by using convergent approach based on psychology theory. The results are not consistent with the efficient market hypothesis insisting investors' rational behavior.

• Informatization Policy
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• v.21 no.3
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• pp.102-127
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• 2014

Although mobile banking provides cost-saving opportunities as well as convenient banking experience for customers, today's banks still face challenges when deploying the technology because a good number of customers are reluctant to use mobile banking for personal reasons. This paper is an empirical investigation of the determinants of the intention to use smartphone-based mobile banking services. The determinants are grouped into two categories including personal factors and social influence factors. We conducted an empirical analysis using 751 survey responses collected from present users of mobile banking services. The results of the analysis reveal that all the personal factors have positive relationships with the intention to use mobile banking services. On the other hand, it was found that of the social influence factors, perceived herding behavior has significantly positive relationship with the intention to use smartphone-based services, whereas subjective norm is not significantly related to the intention. We provide practical as well as academic implications of the research findings.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.31 no.4
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• pp.379-384
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• 1995

The retinomotor responses of jack mackerel, Trachurus japonicus and carp, Cyprinus carpio were studied for the different strobe flash frequencies in respects of the application of the light stimulus to herding and barrier system. The strobe flash frequencies ranged at 1.7, 5, 10, 25, 430Hz in jack mackerel and 1.7, 5, 25Hz in carp. The retinal adaptation ratio was examined histologically according to the time elasped of 1, 5, 10, 30min after turning on the light in each experimental condition. Cone index were determined in order to express the retinal adaptation ratio. Jack mackerel showed an increase of the retinal adaptation ratio ranging from average 27% at the pre-stimulus light to 42.6%, 49.8%, 59.8% and 83.1% at the irradiation times of 1, 5, 10 and 30min., respectively. Carp showed an increase of the retinal adaptation ratio ranging from average 28.4% at the pre-stimulus light to 51%, 53.9% and 91.3% at the irradiation times of 1, 5 and 30min., respectively. The light adaptation process was observed to be fast approximately in order of 430Hz, 25Hz, 5Hz, 1.7Hz and 10Hz for jack mackerel, and 25Hz, 5Hz and 1.7Hz for carp, and to be light-adaptated in 30 minutes.

• Journal of the Korean Society of Marine Environment & Safety
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• v.7 no.1
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• pp.7-14
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• 2001

The amount of petroleum consumption has been Increased according to the industrialization and It leads to the increase of the possibility of marine oil pollution. In Korea, some countermeasures including oil skimmer, gelling agent and herding agent of oil have been used for the remediation of the pollution. However, most of them have lets of shortcomings in the application under in-situ condition, because they are sensitive to the situation such as geographical feature, the wind and the tide. In reported literature, the natural powdered oil absorbent which is made of peat moss is an effective mean to clean spilled oil from lake or coast. However, the peat moss is a natural resource which is only Produced from a specific cold weather are like Canada. This indicates that the alternative materials which is readily obtained from everywhere are needed for powdered oil absorbent. Therefore. in the study, same natural materials including pine leaves and straw are tested as the alternative materials for the absorbent. The raw materials were dried and treated by heat at various temperature during several Periods and then. shattered by a grain cracking machine. The oil sorption capacity of the prepared materials was compared according to the methods of heat treatment and their sizes. The proportion of hydrogen cyanide to combustion of the absorbents was measured to confirm their final disposal methods. The biodegradability test of the absorbents was carried our to evaluate possibility of a side pollution in the coast. In was found that the heat treatment of pine leaves enhanced the capacity of oil sorption and decreased the water sorption. The maximum oil sorption was observed for the material treated at 18$0^{\circ}C$for 60 min. The amount of hydrogen cyanide from the combustion were 0.09ml/g, 0.07ml/g for pine leaves and straw respectively meaning that the final disposal by combustion might be feasible. The amount or organic carbon extracted from pine leaves during 7 days was up to 0.015g organic carbon from one gram of pine leaves. but the degradation was as fast as for glucose. It is concluded that the pine leaves can be served as a good raw material for the powdered oil absorbent like peat moss.

• The Journal of the Korea Contents Association
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• v.19 no.5
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• pp.363-370
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• 2019

The purpose of this paper is to investigate motivational factors and consequence of the herd behavior of adolescent consumers under the buying decision process in the connected era of internet. For such purpose, this study built a research model and examined how sensitivity to fads, interaction and inaccuracy affect the disequilibrium consumption of adolescents. We also examined the relationship between disequilibrium consumption and consumption happiness. The survey method was used for this paper, and data from a total of 142 students were used for the analysis. And structural equation model was used to analyze the data. The results of this empirical study is summarized as followings. First, sensitivity to fads and interaction have direct effect on the disequilibrium consumption of adolescents. Second, disequilibrium consumption has a positive effect on adolescents' consumption happiness. This implies that the importance of herd behavior in designing rational choice in adolescents' consumption behaviors.

• Computers and Concrete
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• v.32 no.2
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• pp.217-232
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• 2023

Numerous studies have been performed on the behavior of pile foundations in cold regions. This study first attempted to employ artificial neural networks (ANN) to predict pile-bearing capacity focusing on pile data recorded primarily on cold regions. As the ANN technique has disadvantages such as finding global minima or slower convergence rates, this study in the second phase deals with the development of an ANN-based predictive model improved with an Elephant herding optimizer (EHO), Dragonfly Algorithm (DA), Genetic Algorithm (GA), and Evolution Strategy (ES) methods for predicting the piles' bearing capacity. The network inputs included the pile geometrical features, pile area (m²), pile length (m), internal friction angle along the pile body and pile tip (Ø°), and effective vertical stress. The MLP model pile's output was the ultimate bearing capacity. A sensitivity analysis was performed to determine the optimum parameters to select the best predictive model. A trial-and-error technique was also used to find the optimum network architecture and the number of hidden nodes. According to the results, there is a good consistency between the pile-bearing DA-MLP-predicted capacities and the measured bearing capacities. Based on the R2 and determination coefficient as 0.90364 and 0.8643 for testing and training datasets, respectively, it is suggested that the DA-MLP model can be effectively implemented with higher reliability, efficiency, and practicability to predict the bearing capacity of piles.