• Title/Summary/Keyword: Choice Experiment

Search Result 299, Processing Time 0.028 seconds

Changes in risk-taking behavior in repetitive choice situation (반복적 의사결정시 위험선호성향의 변화)

  • 이강인;조성구
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 1992.04b
    • /
    • pp.282-292
    • /
    • 1992
  • It is not rare to observe that a decision-maker frequently changes his choice strategy in the repetitive gamble choice situation. This change in risk preference attitude, however, is not well explained with the existing gamble choice models, such as Bell's disappointment-elation model which is an interesting extension of the classical MEU model. The paper shows that this change in risk preference attitude should be interpreted as a systematic transition of "d" and "e", the disappointment and elation constants of Bell's model. A laboratory experiment is also performed to identify the factors which greatly affect the decision-makers' risk preference attitude change. The number of consecutive successes/failures and the amount of remaining capital found to be statistically significant factors.significant factors.

  • PDF

Dietary fat preference and effects on performance of piglets at weaning

  • Weng, Ruey-Chee
    • Asian-Australasian Journal of Animal Sciences
    • /
    • v.30 no.6
    • /
    • pp.834-842
    • /
    • 2017
  • Objective: An experiment was to evaluate the interplay of dietary lipid sources and feeding regime in the transition from sow milk to solid food of abruptly weaned piglets. Methods: Soon after weaning, 144 piglets were selected and were trained over a 15 day period to experience gradually reducing dietary fat content from 12% to 6% for lard (L), soybean oil (S), and coconut oil (C) and their feeding behavior and diet preference then tested in a behavior observation experiment. Another 324 weaned piglets were used in three consecutive feeding experiments to measure the effect of different dietary fats on performance and feed choice in the four weeks after abrupt weaning. The lipid sources were used as supplements in a 3% crude fat corn/soya basal diet, with 6% of each being included to form diets 9C, 9S, and 9L respectively, and their effects on performance measured. Combinations of these diets were then further compared in fixed blends or free choice selection experiments. Results: Piglets pre-trained to experience reducing lipid inclusion showed different subsequent preferences according to lipid source, with a preference for lard at 9%, soybean oil at 3%, and coconut oil at 6% inclusion rate (p<0.001). Following abrupt weaning, whilst after 4 weeks those fed 9C had the heaviest body weights (18.13 kg, p = 0.006). Piglets fed a fixed 1:1 blend of 9C+9S had a poorer feed conversion ratio (FCR = 1.80) than those fed a blend of 9C+9L (FCR = 1.4). The 9C and 9L combination groups showed better performance in both fixed blend and free choice feeding regimes. Conclusion: After abrupt weaning, they still have dependence on high oleic acid lipids as found in sow milk. A feeding regime offering free choice combination of lipids might give the possibility for piglets to cope better with the transition at weaning, but further research is needed.

Imagining Negative Futures to Reduce the Delay Neutralization of Negativity (부정적 미래 상상과 그에 따른 부정성의 지연중성화 감소)

  • Shin, Yeon Soon;Kim, Hye-Young;Han, Sanghoon
    • Science of Emotion and Sensibility
    • /
    • v.16 no.3
    • /
    • pp.293-304
    • /
    • 2013
  • Procrastination is an irrational choice to delay high-priority work in order to avoid its unpleasantness, despite the fact that the negativity will not cease if the work still remains undone. We hypothesized that (1) people underestimate the future negativity (i.e., delay neutralization) and (2) in order to complete work in a timely manner, one should project oneself into the future so as to recognize that the negativity associated with an activity does not diminish over time. Especially, negative future thinking that is unrelated to the consequence was hypothesized to reduce delay neutralization of negativity. In the present study, undergraduate students made a series of choices between delayed-but-longer and immediate-but-shorter assignment by employing an inter-temporal choice paradigm. We tracked how positive and negative episodic future thinking influenced the degree to which negativity is neutralized over time (Experiment 1). Following this, we confined the experimental condition to negative thinking about the future (Experiment 2). Participants neutralized negativity involved in assignment as a function of time, suggesting that procrastination arises from the delay neutralization of the negativity. Critically, such neutralization was significantly reduced when participants imagined a negative future event, but this did not occur when they imagined a positive future event (Experiment 1), or when participants did not think about the future (Experiment 1, 2). Our findings suggest that, prior to making a decision between work and indulgence, imagining negative future events can be an effective way to reduce the neutralization of delayed negativity and, in turn, procrastination.

  • PDF

Estimation on Economic Value for Cultivated Wild Ginseng using Choice Experiment (선택실험법을 이용한 산양삼의 경제적 가치평가)

  • Kim, Eui-Gyeong;Kim, Dong-Hyeon
    • Journal of Korean Society of Forest Science
    • /
    • v.102 no.3
    • /
    • pp.338-344
    • /
    • 2013
  • The study was conducted to set up the criteria of judgement that could be utilized for cultivated wild ginseng, easy and well-defined for consumers to understand. For the purpose, the study examined consumers' perception and valuation on each attribute of cultivated wild ginseng that was related to the product quality through a choice experiment. Attributes used in the experiment were based on exterior characteristics of cultivated wild ginseng including ages, planting methods, external dimension, length of fibrous roots, and hue and color. Residents in Seoul and Gyeonggi Province were interviewed and a total of 173 questionnaires were acquired for the analysis. According to the result, respondents valued the highest score on ginseng grown by direct sowing, while they valued rather lower scores on ginseng's external dimension. In general, the hypothetical model was shown to exist within the stable range.

The Effects of Career Education Program On Elementary Schooler's Career Maturity and Self-Concept (진로 교육 프로그램이 초등학생의 진로 성숙과 자아개념에 미치는 영향)

  • Seo, Hyeon-Jung
    • The Korean Journal of Elementary Counseling
    • /
    • v.4 no.1
    • /
    • pp.99-122
    • /
    • 2005
  • The purpose of this study was to find out the effects of a career education program during a discretional activity class in elementary school. It established the following questions to achieve the objectives. First, does a career education program In a discretional activity class have an effect on elementary schooler's career maturity? Second, does a career education program in a discretional activity class make an influence on elementary schooler's self-concept? To settle these subjects, it assigned two classes in 5th grade of A elementary school, city of Anyang, Gyeonggi-do, experiment group and control group. It was applied the experiment group a career education program. As for measurement, it was used career maturity level test for elementary and middle schoolers' and 'the self-concept diagnostic test'. It was examined career maturity and self-concept of the groups through the pre-test post-test, applying cross-tabulation analysis to career choices pattern and t-test to career maturity level and self-concept. The results were as follows: First, students of experiment group showed meaningful differences in career choice pattern, career choice attitude, and career choosing skills compared to control group, and that presented a career education program made a positive impact on elementary schooler's career maturity. Second, it showed that there was a significant difference in self-concept, showing students of experiment group took better place. it is believed that a career education program had a potent influence on the self-concept of elementary students.

  • PDF

A Questionnaire Design Strategy for Enhancing the Rationality and Testing for the Validity of Choice Experiments Using Example Choice Questions (Choice Experiments의 합리성 제고 및 타당성 검증을 위한 설문지 디자인 연구 - 예제 도입 방안을 중심으로 -)

  • Kim, Yong-Joo
    • Environmental and Resource Economics Review
    • /
    • v.14 no.1
    • /
    • pp.1-24
    • /
    • 2005
  • One of the most important factors that determine the quality of a stated preference study is questionnaire design. This study introduces strategies for enhancing the rationality and testing for the validity of choice experiments(CE) using "example" choice questions that mimic the main choice questions. From the case study of WTP for reduced radon radiation exposures in the home, the study found that screening out irrational responses, 12% of the effective responses, resulted in a meaningful increase in model fit. Meanwhile the study tested for anchoring effects, as a way of confirming the divergent validity of the study, by looking at equality of models estimated for two subsamples. The overall test results were mixed. The pros and cons of the questionnaire design strategy employed are also reported.

  • PDF

The Effect of Advertisement Vividness and Regulatory Focus on Consumer Choice

  • Park, Kikyoung
    • Journal of Distribution Science
    • /
    • v.15 no.7
    • /
    • pp.25-33
    • /
    • 2017
  • Purpose - This study aims to explore how a combination of the advertisement presentation vividness and consumers' regulatory focus affects choice. In addition, it seeks to the understanding for the psychological process by using consumers' response with experimental designs. Research design, data, and methodology - This research conducted two experiments based on the scenario. Specifically, Experiment 1 used a 2 (vividness of advertisement presentation: picture vs. word) × 2 (regulatory focus: prevention focus vs. promotion focus) between-subjects design. Experiment 2 used a 2 (vividness of advertisement presentation: detailed description vs. less detailed description) × 2 (regulatory focus: prevention focus vs. promotion focus) between-subjects design. Results - Two studies showed that prevention-focused individuals, when presented with a vivid presentation, were more likely to choose the advertised option compared with advertisements presented less vividly appearance. In contrast, promotion-focused individuals showed no difference in choice shares regardless of advertisement presentation vividness. In addition, these effects were mediated by the imagery toward the advertised information. Conclusions - The current research found how consumers' inherent motivation affects the extent of imagery in a purchase decision and a new perspective to previous studies with regards to regulatory focus. Further, this research suggested new advertisement strategies to corporations.

Forecasting Market Shares of Environment-Friendly Vehicles under Different Market Scenarios

  • Bae, Jeong Hwan;Jung, Heayoung
    • Environmental and Resource Economics Review
    • /
    • v.22 no.1
    • /
    • pp.3-29
    • /
    • 2013
  • The purpose of this study is to estimate consumer preferences on hybrid cars and electric cars by employing a choice experiment reflecting the various market conditions, such as different projected market shares of green vehicles and $CO_2$ emission regulations. Depending on different market scenarios, we examine as to which attribute and individual characteristic affect the preferences of potential consumers on green vehicles and further, forecast the potential market shares of green cars. The primary results, estimated by a conditional logit and panel probit models, indicate that sales price, fuel cost, maximum speed, emission of air pollutants, fuel economy, and distance between fuel stations can significantly affect consumer's choice of environment-friendly cars. The second finding is that the unique features of electric cars might better appeal to consumers as the market conditions for electric cars are improved. Third, education, age, and gender can significantly affect individual preferences. Finally, as the market conditions become more favorable toward green cars, the forecasted market shares of hybrid and electric vehicles will increase up to 67% and 14%.

Special quality analysis by component type choice of transformer (변압기의 구성요소 선정에 따른 특성고찰)

  • Lee, O.K.;Kim, S.Y.
    • Proceedings of the KIEE Conference
    • /
    • 2003.07c
    • /
    • pp.1601-1603
    • /
    • 2003
  • Investigated about topology of each component of transformer and material choice method and property in this paper. Component of transformer is bobin winding, insulating paper, Varnish etc. And experiment and investigated special quality by primary winding of transformer and composition of secondary winding. Investigated loss of transformer and EMI decrease method. Investigated method to select winding size that consider frequency.

  • PDF

The Effect of Hyperparameter Choice on ReLU and SELU Activation Function

  • Kevin, Pratama;Kang, Dae-Ki
    • International journal of advanced smart convergence
    • /
    • v.6 no.4
    • /
    • pp.73-79
    • /
    • 2017
  • The Convolutional Neural Network (CNN) has shown an excellent performance in computer vision task. Applications of CNN include image classification, object detection in images, autonomous driving, etc. This paper will evaluate the performance of CNN model with ReLU and SELU as activation function. The evaluation will be performed on four different choices of hyperparameter which are initialization method, network configuration, optimization technique, and regularization. We did experiment on each choice of hyperparameter and show how it influences the network convergence and test accuracy. In this experiment, we also discover performance improvement when using SELU as activation function over ReLU.