• Title/Summary/Keyword: economic rationality

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Study on Economic and Financial Education for the North Koreans after Unification: from the Perspective of Behavioral Economics (통일 후 북한 주민 대상 경제금융 교육에 관한 연구: 행태경제학 관점을 중심으로)

  • Son, Jeong-Kook;Kim, Young-Min
    • The Journal of the Convergence on Culture Technology
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    • v.7 no.2
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    • pp.239-246
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    • 2021
  • Unification means the change of the economic system from 'Planned Economy' of the North Korea to 'Market Economy' of the South Korea. Therefore, it may cause confusions and difficulties for North Koreans who have been under planned economy for ages. So, we need to take the perspective of behavioral economics for the effective education. First of all, it is about overall finance, which contains the record of financial transactions, effect of inflation, investors' bounded rationality, and choice difficulty of financial products. Second, it is about borrowings, which includes the credit management, interest rate of difference among financial institutions. Third, it is about investment on financial products, which includes the effect of cost on returns, difference between compound interest and simple interest, trade-off between expected return and risk, market and non-market risks, the importance of diversification, and passive & aggressive investments.

Relevance between Consumer Boycott Participation and Perception Types on the Consumer Boycotts (소비자 불매운동에 대한 인식유형과 참여의도와의 관련성)

  • Jeon, Hyang-Ran;Seo, Jeong-Hee
    • Human Ecology Research
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    • v.53 no.2
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    • pp.143-155
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    • 2015
  • This study analyzed domestic consumers' perceptions of and participation in consumer boycotts and its relation to ethical consumerism by surveying 1,000 people aged 20 or more with an on-line questionnaire. Collected data were analyzed in terms of frequency, factor analyses, cluster analysis, ${\chi}^2$, and one-way analysis of variance. The research findings are summarized as follows. First, consumers had an average (or higher) perception level of consumer boycotts and were categorized into consumer boycott groups of pursuit of self-realization, achievement of results, and pursuit of rationality according to perception patterns of consumer boycotts. Second, the consumer boycott group of self-realization exhibited a high intention for participation in economic and ethical consumer boycotts and was active in all aspects compared to other groups; in addition, the consumer boycott group of results achievement was in the lowest level of ethical consumerism with a low intention for participation in consumer boycotts and ethical consumer boycotts along with the lowest perception level for consumer boycotts as ethical consumption. The consumer boycott group of rational pursuit was comparatively skeptical about the influence of consumer boycotts and with a low level of deontological ethical consumerism. They had additional doubts about the effectiveness of consumer boycotts despite being active participants. The study contributes to the establishment of an ethical consumer behavior theory by investigating connections between the perception patterns of and participation in consumer boycotts as well as ethical consumerism as consumer boycotts conceptually expand as a form of ethical consumption.

Evaluating The Validity of the Contents of the Separation of Prescribing and Dispensing roles Policy (의약분업 정책내용의 타당성 평가)

  • Lee, Sun-Hee;Jung, Sang-Hyuk;Lee, Hye-Jean;Koh, Kwang-Wook;Park, Si-Woon;Shin, Eui-Chul;Chung, Woo-Jin;Hwang, Jin-Mee
    • Korea Journal of Hospital Management
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    • v.8 no.4
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    • pp.121-148
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    • 2003
  • This study is designed to evaluate the contents of the separation of prescribing and dispensing roles(SPD) policy based on the theoretical backgrounds. The results are as follows; Considering the purpose of SPD policy, 'increasing the efficiency in manpower management by separating the role of medical doctor and pharmacist and improving the quality of SPD service through specialization of function' as a policy objective is valid and very important agenda in health care. But the objectives are not working well by no keeping the detail means to actualize it. Also, some policy objectives are unclear or inappropriate and it makes the focus of that policy obscure or misleads inadequate policy alternatives. In terms of means of policy, it is evaluated to have some limits in effectiveness, efficiency, equity, rationality, technical feasibility, economic feasibility, administrative feasibility, social and time feasibility. In conclusion, it's necessary to investigate the some problem mentioned in this paper with empirical evidence. Also, it should be needed to improve the validity of policy by correcting policy objectives and means in execution of policy.

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Analyzing Expected Inflation Based on a Term Structure Model: A Case of Korea (이자율모형을 이용한 우리나라 기대인플레이션의 추정 및 특징)

  • Song, Joonhyuk
    • KDI Journal of Economic Policy
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    • v.36 no.2
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    • pp.65-101
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    • 2014
  • This paper estimates and characterizes expected inflations using an affine term structure model based on the empirical stochastic process of the interest rates in Korea. The empirical results show that the expected inflation which marked above 4% before the global financial crisis has dampened and stabilized after the crisis. Moreover, we investigate the rationality of the various expected inflation measures in terms of the unbiasedness and efficiency and find that unbiasedness is not rejected across the all measures, while the efficiency cannot be empirically warranted. Besides, we run Granger causality tests and conclude that the expected inflations compiled from the Consensus, BOK-Expert have the cross-causality with the long-run actual inflation, while the expected inflation estimated from the term structure model has the cross-causality with the short-run actual inflation. These results connote that expected inflations collected from different sources and methods have their targets and horizons and the central bank needs to watch all of them with a balanced view instead of preferring one to the other.

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Spatial Conceptualization of Transnational Migration : Focusing on Place, Territory, Networks, and Scale (초국가적 이주와 정착을 바라보는 공간적 관점에 대한 연구 : 장소, 영역, 네트워크, 스케일의 4가지 공간적 차원을 중심으로)

  • Park, Bae-Gyoon
    • Journal of the Korean association of regional geographers
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    • v.15 no.5
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    • pp.616-634
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    • 2009
  • Criticizing the existing social science approaches to transnational migration for their ignorance of spatial perspectives and the resultant limits in the understanding of the concrete processes of international migration and settlement, this paper aims to examine how spatial perspectives and geographical epistemology can positively contribute to the understanding and conceptualization of transnational migration. In particular, it emphasizes that the processes of transnational migration cannot be solely understood in terms of 1) global capitalist restructuring and economic rationality, 2) the impacts of deterritoralized transnational networks, or 3) the operation of immigration regimes constructed at the national scale. Alternatively, this paper argues that the conceptualization of 'transnational space', which is based on the understanding of the socio-spatial dimensions - that is, place, territory, scale and networks - that affect the processes of transnational migration, could significantly contribute to the understanding of the transnational migration.

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Decision Making for Priority of Water Allocation during Drought by Analytic Hierarchy Process (계층분석과정(AHP)에 의한 가뭄시 용수배분 우선순위 위사 결정)

  • Lee, Hyun-Jae;Shim, Myung-Pil
    • Journal of Korea Water Resources Association
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    • v.35 no.6
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    • pp.703-714
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    • 2002
  • During drought, there have been a number of conflicts because of the limited and insufficient water to allocate for the numerous water users. To solve the problems, the decision on the priority of water use should be made with social rationality A rational and systematic procedure needs to be implemented in order to decide the priority of water use. First, a criteria level is made of the main and detailed drought impacts which come from the economic, environmental, and social aspects. Four alternatives are then identified for priority of water use. Second, survey to the two group(professional, residents) has been done with using pair wise comparisons. Finally, the relative weights and the priority of alternatives are determined by means of the Analytic Hierarchy Process(AHP) which is one of the Multi-Attributed Decision Method(MADM). By using AHP, it has been concluded that the water allocation during drought should be accomplished in order of domestic, irrigation, industrial, and river maintenance water. If the AHP method were improved for inconsistency which may be generated with survey analysis, a number of applications will be used for the solutions of problem in water resources systems.

Constructions of Totalitarian Subjectivity in Joseph Conrad's Heart of Darkness (죠셉 콘래드의 『어둠의 속』에 나타난 전체주의적 주체성의 형성)

  • Koo, Seung-pon
    • Cross-Cultural Studies
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    • v.45
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    • pp.479-496
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    • 2016
  • The aim of this essay was to investigate Marlow's desire for constructing enlightenment subject of knowledge and power sustained by the collusion of imperialism and patriarchy in Joseph Conrad's Heart of Darkness. Marlow's narrative, based on his journey up the river in Africa to retrieve Kurtz, attempts to conceptualize himself as the subject of the enlightenment reason and rationality. In the novella, collusive network of ideologies of empire and gender contributes to the making of a Western Enlightenment subject. Marlow eulogizes himself for realizing the harsh realities of imperialism, political domination and economic exploitation of the natives in Africa. However, Marlow is a colonial subject who has been ruled by the hierarchical system of thought in the Western logocentrism. He is not aware that his narrative has already been infiltrated by the ideological discourse of the totalitarian enlightenment. His narrative in effect is not a self-congratulatory testimony to truth and realities but a narcissistic and self-defeating document. Marlow unconsciously employs the totalitarian ideologies of empire and gender in order to relegate the African natives to the inhuman existence and to consign women to the sphere of illusion.

An Exploratory Study on Purchase Decision Making Process and Clothing Shopping Orientation of Fashion Products Rental Service Users (패션제품 대여 서비스 이용자의 구매의사결정과정과 의복 쇼핑성향에 관한 탐색적 연구)

  • Lee, Ji-Yoon;Shin, Eun-Jung;Koh, Ae-Ran
    • Human Ecology Research
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    • v.56 no.6
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    • pp.555-571
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    • 2018
  • This study identified the characteristics of fashion rental service users as well as analyzed their purchase decision-making processes. A qualitative investigation was conducted through in-depth interviews with 13 women in their 20s-30s who have experienced renting fashion items due to a high interest in fashion. The results of the study are summarized as follows. The need recognition stage analyzed ventilation by mass media, SNS impact, curiosity, saving shopping time and money, awareness of situational necessity, and creation of various styles. The information search stage analyzed how users obtained information from 2 different sources of nonmarketer-dominated sources and marketer-dominated sources. The pre-purchase stage analyzed the evaluation of alternatives in which study participants used 2 evaluation criteria for fashion rental services and fashion rental items. The purchase stage analyzed how participants wait and select desired items (when receiving the notification of rentable items) or select alternative products. The consumption stage examined the usage frequency and usage method. The study divided the post-consumption evaluation stage into 2 categories for evaluation: personal feelings and service. The post-consumption behavior stage analyzed how participants displayed WOM, eWOM and purchase rental product behavior. Clothing shopping orientation of study participants is displayed in 5 dimensions of brand-seeking propensity, individuality-seeking propensity, economic efficiency-seeking propensity, rationality-seeking propensity, and pleasure-seeking propensity. This study identified three main characteristics in the study participants: interest in the fashion, favorable attitude toward used fashion items, consciousness of others.

Privacy Paradox: A Literature Review and Future Direction (프라이버시 역설에 관한 문헌적 고찰 및 향후 연구방향: 국내 연구를 대상으로)

  • Sanghee Kim;Jongki Kim
    • Information Systems Review
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    • v.20 no.1
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    • pp.115-135
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    • 2018
  • The growing interest in the privacy paradox involving discussions about discrepancy between attitude and behavior led to an increase in the number of studies on the topic. An in-depth theoretical review of the privacy paradox is essential to promote qualitative growth of domestic research in the privacy paradox. In this study, we conducted literature review of existing domestic studies in the privacy paradox. The results of this study showed that the quantity and the quality of research showed marked improvement. Earlier studies primarily focused on the existence of the privacy paradox phenomenon, but existing studies on the causes of the phenomenon gradually increased. Despite the use of various methodologies and analytical tools to investigate the causes of the privacy paradox, research in privacy paradox remains in its infancy. Further efforts are needed to achieve qualitative growth, and further studies should be conducted to introduce the behavioral economic approach. This approach posits that bounded rationality could contribute to a clear understanding of the privacy paradox and the academic development of the privacy field.

Digital Creative Labour -A Perspective of the Ethics of Labour and Subjectivity of the Younger Generation in Korea (디지털 창의노동 -젊은 세대의 노동 윤리와 주체성에 관한 한 시각)

  • Kim, Yeran
    • Korean journal of communication and information
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    • v.69
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    • pp.71-110
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    • 2015
  • Beyond the technological behaviorism-oriented notion of prosumers, the current study explores the question of digital creative labour of the youth in the interrelated context of post-capitalist crisis and neoliberal ethos of selfhood. This analysis is situated particularly in the social conflicts and struggles in Korea, where the problems related to the precarization of the younger generation have been increasingly aggravated (in the realm of embodied reality) whereas their digital activities have been highly expressive (in the realm of mediated reality). The contradictions embedded in the question of the labour of the youth are delineated in the respect of the subjectivities of young free labour, or 'digital creative labour' in proposed terms: the precarious young free labour in Korea is the compound of social fragmentation, economic polarization, expansion of cognitive and emotion labour, boom of hedonistic consumerism, economic-cultural celebration of creativity and self-entrepreneurship, technological saturation of digital media, subjective/collective affects around excitement and ambition but also of anxiety and fear. The ambivalence and complexity of the young free labour is converged at the emergence of homo-economicus (Michel Foucault) through the subjectivation of the social (con)fusion of post-capitalist crisis and neoliberal governmentality of selfhood.

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