• Title/Summary/Keyword: Individual behavior

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The Common Stock Investment Performance of Individual Investors in Korea (개인투자자의 주식투자 성과 분석)

  • Byun, Young-Hoon
    • The Korean Journal of Financial Management
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    • v.22 no.2
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    • pp.135-164
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    • 2005
  • We analyze trade and balance records of 10,000 stock investment accounts of individual investors for the period of 1998 to 2003. Individual investors em an annual gross return of 12.3% while the KOSPI and the value weighted composite including KOSDAQ stocks yield 13.6% and 9.7% respectively during the same period. Net return performance is 8.3%, a drop of 5.3% mainly due to heavy trading. Individual investors' annual turnover amounts to over 270 percent. In an analysis of groups formed on the month's end position value, the performance of the top quintile is found comparable to the market while the rest yield significantly lower risk-adjusted returns than the market. We also find evidence rejecting the rational expectation model while supporting the overconfidence hypothesis which states overconfidence leads to a higher level of trading, resulting in poor performance. Individuals tilt their stock investment toward high-beta, small, and value stocks.

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Solving Social Dilemmas for Natural Recreation Resource Management (자연휴양자원관리(自然休養資源管理)를 위한 Social Dilemma 해소방안(解消方案))

  • Kim, Yong-Geun
    • Journal of Korean Society of Forest Science
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    • v.80 no.3
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    • pp.287-295
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    • 1991
  • Overuse and damage to natural resources from inappropriate visitor behavior is a type of social dilemmas faced by many recreation areas. Social dilemmas in natural recreation resource management are the conflict between the individual's own benefit and that of the collectivity. Social dilemmas may be defined by two properties : (1) Each individual in a group receives a higher payoff for a socially defecting choice than for a cooperative choice, regardless of others' choices, and (2) each individual receives a higher payoff if all group members cooperate than if all defect. There are two approaches to solve the social dilemmas in National Parks, the structural solutions and the individual solutions. Establishment of superordinate authority, selective incentives, and privatization of common resources are included in the structural approaches, while face-to-face interaction and communication among group members in the individual approaches. To aid in generalizing from specific results to other situation, data from laboratory and field experiments are interpreted in the light of social dilemma theory.

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Accuracy of combination rules and individual effect correlation: MDOF vs SDOF systems

  • Reyes-Salazar, Alfredo;Valenzuela-Beltran, Federico;de, Leon-Escobedo, David;Bojorquez, Eden;Lopez-Barraza, Arturo
    • Steel and Composite Structures
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    • v.12 no.4
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    • pp.353-379
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    • 2012
  • The accuracy of the 30% and SRSS rules, commonly used to estimate the combined response of structures, and some related issues, are studied. For complex systems and earthquake loading, the principal components give the maximum seismic response. Both rules underestimate the axial load by about 10% and the COV of the underestimation is about 20%. Both rules overestimate the base shear by about 10%. The uncertainty in the estimation is much larger for axial load than for base shear, and, for axial load, it is much larger for inelastic than for elastic behavior. The effect of individual components may be highly correlated, not only for normal components, but also for totally uncorrelated components. The rules are not always inaccurate for large values of correlation coefficients of the individual effects, and small values of such coefficients are not always related to an accurate estimation of the response. Only for perfectly uncorrelated harmonic excitations and elastic analysis of SDOF systems, the individual effects of the components are uncorrelated and the rules accurately estimate the combined response. In the general case, the level of underestimation or overestimation depends on the degree of correlation of the components, the type of structural system, the response parameter, the location of the structural member and the level of structural deformation. The codes should be more specific regarding the application of these rules. If the percentage rule is used for MDOF systems and earthquake loading, at least a value of 45% should be used for the combination factor.

A Study on Dongmu's Thoughts about the Eight Items of "The Great Learning(Ta hsueh)" (동무(東武)의 "대학(大學)" 팔조목(八條目)에 대한 견해 고찰(考察))

  • Lee, Jun-Hee;Lee, Eui-Ju;Song, Il-Byung;Koh, Byung-Hee
    • Journal of Sasang Constitutional Medicine
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    • v.20 no.3
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    • pp.1-13
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    • 2008
  • 1. Objectives This study was purposed to find Dong's thoughts about the eight items of the "The Great Learning(Ta hsueh)" 2. Methods It was researched through comparative and overall study on the Dong-mu's thoughts in "Gyukchigo(格致藁)" 3. Results (1) Dongmu reinterpreted the eight items of the "The Great Learning(Ta hsueh)" as the relations between the subject and the object from the ontologic assumption of Affairs Mind Body Objects as the principle of existence and correlation, summarized into four categories, and classified into the individual and subjective affairs, and the universal and objective affairs. The four categories of the eight items of the "The Great Learning(Ta hsueh)" are correlated with the individual and the universal ethics of behavior, and connected with the element for overcoming the individual inclination of mind and wickedness. (2) After the individual and subjective human was established, the eight items of the "The Great Learning(Ta hsueh)" were classified into two categories, and coupled up with each two items('Being sincere in their thoughts' with 'Extending to the utmost their knowledge', 'Rectifying their hearts' with 'Investigating things', 'Cultivating their persons' with 'Illustrating illustrious virtue throughout the kingdom', 'Regulating their families' with 'Ordering their own states'). Being based on this, 'Being sincere in their thoughts', 'Rectifying their hearts', 'Cultivating their persons' and 'Regulating their families' were understood as four individual and subjective human-basic-essential activity. Especially, mind, heart, body and family(power) were regarded as the four basic element in human existence and activity, and in correlation with universe and society, set up as the subjective element in Dongmu's epistemology, theory of nature and emotion, theory of morality and theory of moral cultivation.

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A Case Study on the Elderly People's Behavior for Developing Smart Home Service - Focus on analyzing behaviors filling up by oneself for 24hours- (지능형 주거 서비스 개발을 위한 고령자 행위 사례분석 연구 - 24시간 자기기입식 행위 분석을 중심으로 -)

  • Lee, Hyun-Soo;Jung, Hyun-Won;Jung, Ji-Yea;Park, Sung-Jun
    • Korean Institute of Interior Design Journal
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    • v.21 no.1
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    • pp.11-19
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    • 2012
  • The purpose of this study is to categorize elderly people's behavior using the questionnaire filling up by oneself for 24hours and to analyze the time required according to behavior and space. Also, through analytical researches, we find a way to develop smart home service. In this study, we carry out a questionnaire targeting a number of 20 elderly people. The questionnaire is to survey elderly people's behaviors for 24hours. Questionnaire items consist of three parts : items for checking time required about a daily behavior, items for analyzing a space in daily lives, generalities. This study is analyzed through descriptive statistics. The results of this study were as follows. Firstly, the elderly people's behaviors were eight categories. Among these behavior's categories, the highest portion is the behavior related to Individual maintenance such as sleep, personal hygiene, nap, etc. by 49%. Secondly, the portion of time required in residence based on daily lives is higher than outside of residence by 73%. Lastly, analyzing each space in residence focused on time required of elderly people's behaviors, bed room is the highest portion by 49%, and followed by living room with 29% and kitchen with 15%, and bath room with 7%.

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The effect of workplace silent behavior on team learning : mediating effect of affective commitment (조직침묵행동이 팀학습에 미치는 영향 : 정서적 몰입의 매개효과를 중심으로)

  • Suh, Kang-suk;Jung, Sung-cheol
    • Journal of Venture Innovation
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    • v.1 no.1
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    • pp.165-179
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    • 2018
  • The purpose of this study was to identify mediating effects of affective commitment between workplace silent behavior and team learning. A team leader should pay attention to workplace silent behavior in that the workplace silent behavior of the team member may have a negative impact on team effectiveness as well as on individual effectiveness. In this study, 106 employees working in diverse domestic companies were surveyed and data were analyzed. The results are as follows. At first, silent behavior has a negative effect on affective commitment. Second. silent behavior has a negative effect on team learning. Third, affective commitment partially mediated silent behavior and team learning. The meaning of these results is that the workplace silent behavior has direct influence on team learning and indirect influence on team learning via affective commitment as well. Based on the results of this study, implications, limitations, and future research topics were discussed.

Effects of Job Autonomy and Self-Efficacy on Creative Behavior: Focusing on the Mediation Effect of Knowledge Sharing in Smart Work Environment (직무자율성과 자기효능감이 창의적 행동에 미치는 영향: 스마트워크 환경에서 지식공유의 매개효과를 중심으로)

  • Ko, Eun jung;Lee, Sung jin;Kim, Sang soo
    • Knowledge Management Research
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    • v.19 no.2
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    • pp.163-185
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    • 2018
  • In order to solve problems in an uncertain and complicated management environment of the modern world, a creative solution that combines diverse perspectives, knowledge, and effort based on diversity within an organization is required. Smart work environment provides an opportunity to express the potential diversity of an individual, extending the source of ideas to the organization, enhancing communication, and linking and sharing information and knowledge. So, this results in increased creative behavior. The purpose of this study is to investigate the effect of the process of connecting and sharing information and knowledge of organizational members on creative behavior and the effect of smart work environment in the process. The purpose of this study is to identify roles of job autonomy, self-efficacy, knowledge sharing and smart work environment in creative process. For the study, 353 surveys with work use group(156 people) and unused group(197 people). Statistical analysis included validity and reliability analysis, structural model analysis. The results showed that self-efficacy and job autonomy had positive effects on creative behavior and knowledge sharing, and job autonomy had a positive effect on self-efficacy. Knowledge sharing has a positive effect on creative behavior, and mediates the relationship between self-efficacy, job autonomy and creative behavior. Particularly, knowledge sharing has a more positive effect on smart work use group. In case of smart work use group, self-efficacy and job autonomy have a relatively high influence on knowledge sharing rather than direct influence on creative behavior appear. This result implies that the achievements of smart work are revealed in terms of knowledge sharing and creative behavior.

The Association Between Health Promotion Behavior and Health Status of Nursing Students (간호대학생의 건강증진 행위와 건강상태와의 상관관계 연구)

  • Kim Myoung Hee
    • Journal of Korean Public Health Nursing
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    • v.9 no.2
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    • pp.92-103
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    • 1995
  • This study was done for the purpose of investigating nursing students' health promotion behavior and health status and analyzing the relationship between health promotion behavior and health status. The subjects for this study were 249 nursing students obtained by a convenience sampleing from two Junior Colleges Located in Kangwon-do. The instruments used for this study were health promotion behavior scale developed by the researcher and modified Cornell Medical Index developed by Brodman, Erdmann, Lorge, Wolff & Broadbent. Data were collected from November 21 to December 10, 1994 by means of questionaire. The data were analyzed through the SPSS program by use of descriptive statistics, t-test, ANOVA and Pearson Correlation Coefficient. The results of the study were as follows; 1) The subject's degree of health promotion behavior was about middle level 2) When the relationships between health promotion behavior and their general characteristics were explored, economic status, importance of health & perceived health status were revealed to have significant differences. 3) The subject's health status was at slightly high level, therefore viewed their health as slightly good. 4) When the relationships between health status and their general characteristics were explored, age and perceived health status were revealed to have significant differences. 5) In regard to the relationship between health promotion behavior and health status, psychological health status correlated positively with health promotion behavior (r=.193, p=0.002) ; physical health status correlated positively with psychological health status (r=0.493, p=0.000). But, physical health status did not show a significant correlation with health promotion behavior. In conclusion, it is important for late adolescents including nursing students to lay the foundation for chronic disease prevention by promoting and maintaining healthy lifestyles. Many of the leading causes of disease are preventable, through changes in lifestyle. The need to increase individual awareness of relationships between lifestyle and health and to enhance knowledge regarding the long-term effects of negative health behaviors, is an important nursing strategy for health promotion.

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Locus of Control and Eating behavior of Obese Middle School Girls (비만 여중생의 건강통제위 성격과 섭식행동)

  • Kim Shin-Jeong;Kim Sook-Young;Moon Sun-Young;Gu Hyun-Kyung;Choi Yong-Hee
    • Child Health Nursing Research
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    • v.9 no.2
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    • pp.123-130
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    • 2003
  • Purpose: The purpose of this study was to investigate the relationship between health locus of control(HLOC) and eating behavior in obese middle school girls. Method: The sample consisted of 170 obese middle school girls in Seoul. Result: 1. The average scores of HLOC were HLOC-Internal ; 4.11, HLOC-External ; 2.45, HLOC-Chance ; 2.09. 2. The average scores of eating behavior factors were Disinhibition ; 2.69, Dietary Restraint ; 2.67, Hunger ; 2.55. 3. The HLOC-Internal and eating behavior(dietary restraint and hunger) were correlated positively. The HLOC-Chance and disinhibition was correlated positively. But HLOC-Chance and dietary restraint was correlated negatively. The HLOC-External and eating behavior(dietary restraint, disinhibition and hunger) were correlated positively. 4. There was not a significant difference in HLOC depending on the demographic characteristics(grade, degree of obesity, father & mother's body shape, existence of obese sibling). There were significant differences in HLOC-Internal and HLOC-External according to thinking about oneself who is obese or not. 5. There was not a significant difference in eating behavior depending on the demographic characteristics(grade, degree of obesity, father & mother's body shape, existence of obese sibling, perception of oneself as a obese). Conclusion: This study has shown a correlation between HLOC and eating behavior. As a result of these findings, clinical and school nurses should be involved in management and counselling of obese girls concerning individual health locus of control and eating behavior.

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Effect of Declawing on Behavior of Farmed Emus

  • Glatz, P.C.
    • Asian-Australasian Journal of Animal Sciences
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    • v.14 no.2
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    • pp.288-296
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    • 2001
  • The behavior of declawed emus in a farm environment has not been described despite its importance in the husbandry and welfare of the emu. This study examined whether declawing of emus causes chronic pain resulting in permanent changes in the locomotor and general behavior of declawed yearling emus compared to emus not declawed. One group of 40 emus were declawed on the day of hatch by removing the distal phalangeal joint using a Lyon beak-trimming machine. Another group of 40 emus not declawed were the controls. Declawed emus one year of age were allocated to a paddock $250m{\times}125m$, while the control group was placed in an adjoining paddock of the same dimensions. One hour video records of individual emus from each treatment were made from 08:00 and 17:00 h over 2 periods; firstly when food and water was available and secondly during a period when food and water was not available after being withdrawn overnight. Inactive, ingestive, posture change, grooming, aggressive and locomotor behaviors were monitored from the videotape. There was no behavioral evidence to indicate loss of locomotor ability of declawed emus or to suggest declawed emus were suffering from severe chronic pain as indicated by declawed emus engaging in significantly more bouts (p<0.05) and time of searching (p<0.05). Declawed emus also engaged in less stereotype pacing (p<0.05) indicating they were under less stress and not as frustrated as control birds which engaged in more step pushing behavior (p<0.05). Modelling analysis showed that pecking behavior in birds was most closely related to foraging behavior. Birds subject to pecking attacks demonstrated higher levels of stereotype behavior presumably as a method to cope with stress. The behavioral evidence in this study would indicate that declawing does not compromise the locomotor ability of emus and has the benefit of improving the social structure in the groups by reducing stereotype behavior and aggression.