• Title/Summary/Keyword: 부정성 효과

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The Introduction of KOSPI 200 Stock Price Index Futures and the Asymmetric Volatility in the Stock Market (KOSPI 200 주가지수선물 도입과 주식시장의 비대칭적 변동성)

  • Byun, Jong-Cook;Jo, Jung-Il
    • The Korean Journal of Financial Management
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    • v.20 no.1
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    • pp.191-212
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    • 2003
  • Recently, there is a growing body of literature that suggests that information inefficiency is one of the causes of the asymmetric volatility. If this explanation for the asymmetric volatility is appropriate, then innovations, such as the introduction of futures, may be expected to impact the asymmetric volatility of stock market. As transaction costs and margin requirements in the futures market are lower than those in the spot market, new information is transmitted to futures prices more quickly and affects spot prices through arbitrage trading with spots. Also, the merit of the futures market may attract noise traders away from the spot market to the futures market. This study examines the impact of futures on the asymmetry of stock market volatility. If the asymmetric volatility is significant lower post-futures and exist in the futures market, it has validity that the asymmetric volatility is caused by information inefficiency in the spot market. The data examined are daily logarithmic returns on KOSPI 200 stock price index from January 4, 1993 to December 26, 2000. To examine the existence of the asymmetric volatility in the futures market, logarithmic returns on KOSPI 200 futures are used from May 4, 1996 to December 26, 2000. We used a conditional mode of TGARCH(threshold GARCH) of Glosten, Jagannathan and Runkel(1993). Pre-futures the spot market exhibits significant asymmetric responses of volatility to news and post-futures asymmetries are significantly lower, irrespective of bear market and bull market. The results suggest that the introduction of stock index futures has an effect on the asymmetric volatility of the spot market and are inconsistent with leverage being the sole explanation of asymmetry. However, it is found that the volatility of futures is not so asymmetric as expected.

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The Effect of Medical Service Design Thinking Teaching-learning on Empathic Problem Solving Ability: Convergence Analysis of Structured and Unstructured Data (의료서비스 디자인싱킹 교육의 공감적 문제해결능력 향상 효과: 정형 및 비정형 데이터 융복합 분석 중심으로)

  • Yoo, Jin-Yeong
    • Journal of Digital Convergence
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    • v.18 no.6
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    • pp.311-321
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    • 2020
  • The purpose of the study is to verify the effectiveness the Freshman Preliminary Health Administrators(FPHA)' Empathic Problem Solving Ability(EPSA) through the application of Medical Service Design Thinking(MSDT) conducted by undergraduate school of SNS hospital marketing education. The pre-post questionnaire survey was conducted on 39 students in the freshman year of the Department of Health Administration after applying MSDT for 15 weeks from September to December, 2019 at a college in Daegu. MSDT was positive influenced on the improvement of Empathic Imagine, Empathic interest, Empathic awakening of the FPHA' EPSA. In the analysis of key common words, the use of neutral and negative words was low, while the use of positive words was high. In order to systematically equip Empathic problem solving job competency in the age of artificial intelligence, it is meaningful to develop a program for the freshmen curriculum and to conduct a analysis of the structured and unstructured data to verify its effectiveness. Additional program development research is needed for the application of theoretical subjects.

The Exploratory Study for the Effect of Good and Bad Luck on Risky Decision: Perspective of Probabilistic Framing Effect (행운과 불운이 모험적 의사결정에 미치는 효과에 대한 탐색적 연구: 확률적 틀 효과의 관점에서)

  • Lee, Byung-Kwan;Lee, Guk-Hee
    • Korean Journal of Cognitive Science
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    • v.26 no.3
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    • pp.279-300
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    • 2015
  • Present research was carried out on the level of exploration to verify that good luck increases probabilistic framing effect but bad luck decrease the effect. And we organized an experiment that designed experience of luck (good luck vs. bad luck vs. control) ${\times}$ probabilistic frame (high vs. low) and observed whether people response based on probabilistic frame or not. As a result, we observed the two-way interaction where experience of good luck increased probabilistic framing effect, while experience of bad luck decreased the effect (Figure 1). We expect to see more studies of contextual framing effect besides probabilistic frame (e.g., positive vs. negative; loss related to context vs. loss irrelevant to context).

The optimal parameter estimation of storage function model based on the dynamic effect (동적효과를 고려한 저류함수모형의 최적 매개변수 결정)

  • Kim Jong-Rae;Kim Joo-Cheal;Jeong Dong-Kook;Kim Jae-Han
    • Journal of Korea Water Resources Association
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    • v.39 no.7 s.168
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    • pp.593-603
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    • 2006
  • The basin response to storm is regarded as nonlinearity inherently. In addition, the consistent nonlinearity of hydrologic system response to rainfall has been very tough and cumbersome to be treated analytically. The thing is that such nonlinear models have been avoided because of computational difficulties in identifying the model parameters from recorded data. The parameters of nonlinear system considered as dynamic effects in the conceptual model are optimized as the sum of errors between the observed and computed runoff is minimized. For obtaining the optimal parameters of functions, the historical data for the Bocheong watershed in the Geum river basin were tested by applying the numerical methods, such as quasi-linearization technique, Runge-Kutta procedure, and pattern-search method. The estimated runoff carried through from the storage function with dynamic effects was compared with the one of 1st-order differential equation model expressing just nonlinearity, and also done with Nash model. It was found that the 2nd-order model yields a better prediction of the hydrograph from each storm than the 1st-order model. However, the 2nd-order model was shown to be equivalent to Nash model when it comes to results. As a result, the parameters of nonlinear 2nd-order differential equation model performed from the present study provided not only a considerable physical meaning but also a applicability to Korean watersheds.

Why Does Historical Drama Need Romance? -Focused on the Television Drama Mr. Sunshine (역사드라마는 왜 로맨스를 필요로 하는가 -<미스터 션샤인>(2018)을 중심으로)

  • Yang, Geunae
    • Journal of Popular Narrative
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    • v.26 no.2
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    • pp.123-153
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    • 2020
  • As the importance of documented fact has weakened in historical dramas, the combination with other genres has become prominent. By reviewing the way romance is dealt with in historical dramas, this research examines how the properties of historical events adopted by historical dramas are related to the motif of love, and how the narrative of love and romance contributes to the historical effects, with a focus on the television drama Mr. Sunshine. Mr. Sunshine is the first historical drama written by Kim Eun-sook, combining deliberately rearranged history with the writer's unique grammar of romance. The failed resistance movement of the righteous army in the drama is matched with the love that cannot be achieved based on self-negation. The drama, which deals with the tyranny of Japanese imperialism and the independence of Joseon, fictionalizes key characters and events, transforming the desire of love into the passion of patriotism. Romance in Mr. Sunshine serves as a catalyst for emphasizing the tragedy of historical events and reconstitutes cultural memories. In historical dramas, the fictional plot of romance leads viewers to reflect on human life in history that flows from the past to the future. How does an individual's inner feelings contribute to the historical representation? This research is significant as it is the first attempt to examine the relationship between historical drama and romance in various ways.

The effect of treatment timing on maxillary protraction treatment response - A comparison of prepubertal and pubertal patients (치료시기에 따른 상악골 전방견인효과 - 사춘기전과 사춘기의 비교)

  • Kim, Kyung-Ho;Choy, Kwang-Chul;Baik, Hyoung-Seon;Lee, Ji-Hyun
    • The korean journal of orthodontics
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    • v.32 no.5 s.94
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    • pp.301-312
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    • 2002
  • Treatment timing is a very important factor to consider in treating skeletal Class III patients by means of maxillary protraction. According to the literature maxillary Protraction should be carried out at an early age before puberty. However, no scientific data were presented to support this statement and recent studies supported by statistical data showed disagreement concerning the optimum treatment time of maxillary protraction. Therefore, there is no agreement about the optimum treatment time of maxillary protraction. In this study hand-wrist X-rays were taken from 119 patients and subjects were grouped into prepubertal and pubertal group according to their skeletal maturity. Pretreatment and posttreatment lateral cephalometric X-rays were taken and treatment effects were compared. The average treatment time was 6.5 months for the prepubertal group and 6.1 months for the pubertal group. The obtained results were as follows ; 1. The amount of maxillary forward movement was the same for Pretreatment and pubertal group. 2. The amount of maxillary downward movement was the same for prepubertal and pubertal group. 3. The amount of mandibular downward and backward rotational movement was the same for prepubertal and pubertal group. 4. Dental effects were the same for prepubertal and pubertal group.

Hemopoietic and Radioprotective Effects of Shenrong Fuzheng Tang(S.F.T.;蔘茸扶正湯) (삼용부정탕(蔘茸扶正湯)의 방사선(放射線) 조사(照射)로 손상(損傷)된 조직(組織) 회부(恢復) 및 조혈촉진(造血促進) 효과(效果))

  • Kim, Jeong-Su;Choe, Seung-Hun;An, Gyu-Seok
    • THE JOURNAL OF KOREAN ORIENTAL ONCOLOGY
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    • v.3 no.1
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    • pp.129-147
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    • 1997
  • Radiotherapy is an irreplaceable method of cancer treatment. But it has several side effects, especially damages to the hemopoietic and Immune system. Therefore radioprotectors are required to treat cancer successfully. A lot of Herbs and Herbal prescriptions are reported to have radioprotective effects. Above all, those to support the healthy energy and strengthen the body resistance are found more effective. This study was performed to evaluate the radioprotective effects of prescription Shenrong Fuzheng Tang(S.F.T.), which consists of 16 kinds of herbs. We investigated proliferation of murine splenocytes, secretion of colony-stimulating-factors(CSFs), immunocompetence after irradiation in-vitro, and Endogenous spleen colony assay, survival assay in-vivo. When splenocytes were cultured with Shenrong Fuzheng $Tang(S.F.T.)(500{\mu}g/ml)$, proliferation was enhanced 5.7 times compared to control cultured with medium alone(p<0.05) and, showed highest proliferation at 4th day after incubation. In order to evaluate stimulation of hemopoiesis of Shenrong Fuzheng Tang(S.F.T.), the supernatant of splenocytes cultured with optimal concentration of Shenrong Fuzheng Tang(S.F.T.) was used to measure CSFs secretion. The result showed enhanced secretion of colony-stimulating-factors (CSFs) compared to control(p<0.05). To evaluate the protective effect of lymphocytes from irradiation, proliferation of splenocytes stimulated by LPS and ConA after incubation with Shenrong Fuzheng Tang(S.F.T.) for 24h Prior to Irradiation$(1{\sim}3\;Gy)$ was measured. The results showed higher proliferation of Shenrong Fuzheng Tang(S.F.T.) treated cells than that of non-treated cells. And percentage increases of irradiated splenocytes per non-irradiated splenocytes were also higher in Shenrong Fuzheng Tang (S.F.T.)-treated cells than control. Endogenous spleen colony assay. to evaluate the protection of hemopoietic cells from irradiation, showed increased number of colonies(p=0.03) in Shenrong Fuzheng Tang(S.F.T.) treated murine spleen$(10.3{\pm}1.9)$ compared to non-treated murine spleen$(3.4{\pm}0.8)$. Survival time of mice irradiated with lethal dose of ${\gamma}-ray(9Gy)$ was prolonged in Shenrong Fuzheng Tang(S.F.T.) treated group prior to irradiation as compared to non-treated group. According to these results we can suggest that prescription Shenrong Fuzheng Tang(S.F.T.) has radioprotective effects and can be used to protect the hemopoietic and immune system from damages of anti-cancer radiotherapy.

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Modeling and Visualization of Flood Inundation in Natural River (자연하천의 홍수범람 모의 및 가시화)

  • Goh, Tae-Jin;Jung, Tae-Sung
    • Journal of the Korean Society of Hazard Mitigation
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    • v.8 no.3
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    • pp.157-164
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    • 2008
  • A modeling and visualization system of flood inundation in natural river, FloodViz, has been developed. Unsteady river flow and flood inundation are calculated by FLDWAV model. FLDWAV model and HEC-RAS model have been applied to a flood event at the same time to check model reliability. Simulation results of the two models showed good agreements. Flood propagation and inundation process can be analyzed accurately and easily by using visualization function of the FloodViz. Even though FloodViz users don't know well about both hydraulics and hydrology, they can understand flood inundation phenomena easily. This system can be used as a useful tool in forecasting flood inundation and observing the simulation results. Countermeasures for natural disaster prevention due to flood inundation can be established rapidly by using the FloodViz.

THE RETROSPECTIVE STUDY ON THE RESPONSE TO THE CHINCAP THERAPY IN SKELETAL CLASS III CHILDREN (골격성 III급 부정교합환자의 이모장치에 대한 반응성 및 치료효과에 관한 연구)

  • Kim, Byoung-Ho;Yang, Won-Sik
    • The korean journal of orthodontics
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    • v.24 no.4 s.47
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    • pp.799-817
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    • 1994
  • The purpose of this study was to evaluate the initial skeletal pattern and growth change of whom had responsed well to chincap therapy. 93 patients seleted for this study were in mixed dentition and treated with chincap for more than 2 years. And 54 subjects were selected from these total samples and classified into two groups by the improvement of four measurements : ANB difference, APDI, Wits appraisal, and AF-BF. One was good response group which consisted of 26 children and the other was poor response group with 19 patients. Various measures of the craniofacial structure in the initial lateral cephalograms and the annual increments were calculated and analyzed by comparing two groups with t-test. The results were as follows : 1. Good response group had more horizontal growth pattern in initial stage of treatment than poor response group, and the contributing factors of this result were anterior posterior facial height ratio, gonial angle, lower genial angle and SN-mandibular plane angle. 2. The maxilla was positioned more anteriorly in good response group. 3. The amounts of vertical growth of maxilla was smaller but the horizontal growth of maxilla was larger in good response group. 4. The mandible rotated more infero-posteriorly in good response group. 5. The good response group had more vertical growth pattern of mandibular condyle.

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Research on the accuracy improvement of rainfall estimation using rain radar and ground gauge data for the hydroelectric dams (강우레이더와 지상관측자료를 활용한 수력댐 유역 강우추정 정확도 개선 연구)

  • Yoon, Seong Sim;Shin, Hongjoon
    • Proceedings of the Korea Water Resources Association Conference
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    • 2021.06a
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    • pp.9-9
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    • 2021
  • 기후변화의 영향으로 과거에 경험하지 못한 이상강우 발생 증가로 댐 및 수자원 관리에 어려움이 증대되고 있다. 특히, 강우의 시·공간적 변동성 심화로 기존 지상강우계만으로는 정확한 유역 단위의 강우량 추정이 어려우며 관측강우자료의 불확실성은 댐 운영의 부정확성을 야기할 수 있다. 최근 지상강우계의 대안으로 시·공간 해상도가 우수한 강우레이더의 활용 및 현업적용이 증대되고 있다. 본 연구에서는 안정적인 수력댐 운영 및 수재해 예방을 위해 고해상도 강우레이더와 지상관측 강우자료를 활용하여 수력댐 유역의 강우추정 정확도를 개선하고자 하였다. 이를 위해 환경부 합성레이더 강우자료와 지상강우관측자료를 이용하여 조건부 합성기법으로 격자강우자료의 정확도를 개선하였다. 대상 유역은 한국수력원자력(주)의 수력발전용댐(팔당, 의암, 춘천, 화천, 청평, 도암, 괴산, 섬진강, 보성강댐) 이다. 특히, 레이더 오차 분석을 통해 지형효과의 고려가 필요한 수력댐 유역을 선정하여 고도영향 조건부합성기법을 적용하도록 하였다. 이를 통해 수력댐 유역의 지형 및 기상 특성을 차별화한 보정이 가능하였다. 또한, 소유역별 레이더 유역평균강우의 오차를 실시간으로 저감하기 위해 화음탐색법과 칼만필터 기법을 적용하여 수력댐 수계 내 172개 소유역의 유역평균강우량을 실시간으로 최적화 할 수 있도록 하였다. 본 연구를 통해 개발된 수력댐 유역의 고해상도 강우 정보를 기반으로 GIS 웹 표출 시스템에 개발하여 수력댐 운영 업무활용 할 수 있도록 지원하고자 한다.

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