Knowledge Capital – Influenced By Rationality Or Animal Spirits?

2014 ◽  
Vol 1 (1) ◽  
pp. 347-352 ◽  
Author(s):  
Camelia Oprean
Keyword(s):  
Efficient Market Hypothesis ◽  
Scientific Basis ◽  
Informational Efficiency ◽  
Critical Approach ◽  
Financial Decisions ◽  
Organization And Management ◽  
Current State ◽  
Human Decision ◽  
Efficiency Theory ◽  
The Individual

AbstractIt is already a well-accepted concept in expansion, the economy, organization and management based on knowledge. It is said that the owners of knowledge, respectively the individual, organization and the society, will hold the power in the future. Thus, the knowledge become the economic and personal basic resource and all the activities from the economic sphere are prevailingly concentrated on the treatment of information and producing of knowledge goods. However, it is still difficult to explain on a strict scientific basis why people behave non-rational when facing with money decisions. Classic finance foundation lays on strict rationality and optimization of financial decisions. We affirm that monetary and financial decisions are significantly influenced by psychological factors. Behavioural Finance adds to the equation the psychological and emotional facets of the human decision. This emerging discipline has challenged the Efficient Market Hypothesis, arguing that markets are not rational, but are driven by fear and greed instead. The paper proposes a critical analysis, based on consistency criteria, regarding the controversy current state of the informational efficiency theory of the capital market. In this sense, the critical approach is one that shows the weaknesses, the vulnerable aspects that characterize the classical form of EMH theory. Also, the paper highlights the most significant criticisms levelled against EMH by psychologists and behavioural economists.

Integrative Approach in Law Understanding: the History of the Origin of Ideas and the Current State

2020 ◽  
Vol 2 (1) ◽  
pp. 115-130
Author(s):  
R. R. Palekha ◽  
Keyword(s):  
Central Place ◽  
Scientific Basis ◽  
Integrative Approach ◽  
Current State ◽  
History Of ◽  
Legal Thinking ◽  
Reliable Knowledge ◽  
The Right ◽  
Fat Formulation

Introduction. Right understanding is the most live, interesting and, at the same time, the uncertain and changeable area of researches which takes the central place as in the general theory of the right, and gains the increasing value in industry jurisprudence that is connected with its considerable teoretiko-methodological and applied potential which is shown in spheres of lawmaking and law-enforcement activity. Thus, right understanding represents research tools of the subject of knowledge which allow to study all range legal and, the based on them, state phenomena for the purpose of obtaining reliable knowledge of state and legal reality. In this regard integrative approach in right understanding which has rich history of the formation and development is of special interest, allows to perceive the right as integrally complete phenomenon, as much as possible retrieves its regulatory abilities and, provides achievement of criteria of scientific research: comprehensiveness, objectivity, historicism. Materials and Methods. In article an attempt of the analysis of integrative approach in right understanding from a position of history of origin of his ideas and assessment of the current state is made. A result of studying of scientific literature, generalization and comparison of the different points of view fat formulation of author’s determination of category “right understanding” and submission of the evidence-based integrative theory of right understanding which as much as possible conforms to requirements of time and has essential regulatory and guarding potential. Results. In article the category right understanding is comprehensively considered, different integrative theories of right understanding from a position of their origin and development are submitted, the value of modern integrative approach in right understanding is shown, perspectives of its further development are evaluated. Discussion and Conclusion. The author comes to the conclusion about the theoretical and methodological consistency and inevitability of the integrative approach in law understanding, which acts as a scientifically grounded type of legal thinking capable of comprehending the law on a truly scientific basis.

scholarly journals Nondestructive Detection of the Gel State of Preserved Eggs Based on Dielectric Impedance

Foods ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 394
Author(s):  
Cheng-Han Li ◽  
Chun-Hung Hsieh ◽  
Cheng-Chu Hung ◽  
Ching-Wei Cheng
Keyword(s):  
Decay Rate ◽  
Mechanical Vibration ◽  
Scientific Basis ◽  
Nondestructive Method ◽  
Inspection System ◽  
Nyquist Diagram ◽  
Detection Technology ◽  
The Difference ◽  
The Individual

After completing the production of preserved eggs, traditionally, the degree of gelling is judged by allowing workers to tap the preserved eggs with their fingers and sense the resulting oscillations. The amount of oscillation is used for the quality classification. This traditional method produces varying results owing to the differences in the sensitivity of the individual workers, who are not objective. In this study, dielectric detection technology was used to classify the preserved eggs nondestructively. The impedance in the frequency range of 2–300 kHz was resolved into resistance and reactance, and was plotted on a Nyquist diagram. Next, the diagram curve was fitted in order to obtain the equivalent circuit, and the difference in the compositions of the equivalent circuits corresponding to gelled and non-gelled preserved eggs was analyzed. A preserved egg can be considered an RLC series circuit, and its decay rate is consistent with the decay rate given by mechanical vibration theory. The Nyquist diagrams for the resistance and reactance of preserved eggs clearly showed that the resistance and reactance of gelled and non-gelled eggs were quite different, and the classification of the eggs was performed using Bayesian network (BN). The results showed that a BN classifier with two variables, i.e., resistance and reactance, can be used to classify preserved eggs as gelled or non-gelled, with an accuracy of 81.0% and a kappa value of 0.62. Thus, a BN classifier based on resistance and reactance demonstrates the ability to classify the quality of preserved egg gel. This research provides a nondestructive method for the inspection of the quality of preserved egg gel, and provides a theoretical basis for the development of an automated preserved egg inspection system that can be used as the scientific basis for the determination of the quality of preserved eggs.

Group Psychotherapy in Private Practice

1970 ◽  
Vol 4 (1) ◽  
pp. 43-48 ◽  
Author(s):  
George L. Christie
Keyword(s):  
Clinical Practice ◽  
Group Psychotherapy ◽  
Patient Selection ◽  
Private Practice ◽  
Group Leader ◽  
Developmental History ◽  
Individual Form ◽  
Organization And Management ◽  
History Of ◽  
The Individual

Some tentative conclusions about the organization and management of relatively closed psychotherapeutic groups are illustrated by examples culled from private clinical practice. After reviewing the rationale of group psychotherapy and its advantages over the individual form, the paper deals mainly with patient selection, the developmental history of the group and group leader technique.

DEVELOPMENT OF MANAGEMENT STAFF OF THE ORGANIZATION IN A KNOWLEDGE ECONOMY

2021 ◽  
Vol 296 (4) ◽  
pp. 40-50
Author(s):  
Mykhailo VEDERNIKOV ◽  
◽  
Nataliya BAZALIYSKA ◽  
Lesia VOLIANSKA-SAVCHUK ◽  
Maria ZELENA ◽  
...  
Keyword(s):  
Knowledge Economy ◽  
Scientific Basis ◽  
Economic Resource ◽  
Managerial Work ◽  
Material Wealth ◽  
Organization And Management ◽  
Theoretical Approaches ◽  
Characteristic Features ◽  
Business Entities ◽  
Management Staff

Features of labor management in modern conditions are re-searched in the article. Directions of improving management system activities are determined. Methodological approaches to the formation of the system of development of management personnel of the organization in the conditions of knowledge economy are considered. The stages of development of the information society in connection with the innovative phase of development of the knowledge economy are described. Theoretical approaches to the definition of “knowledge economy” are formed. The characteristic features of the “knowledge economy” are highlighted. The stages of implementation of the process of increasing the efficiency of development of the management staff of the organization in the conditions of knowledge economy are offered. An organizational model of the process of increasing the development of management staff of the organization in a knowledge economy. This paper improved theoretical and methodological basis of the system of administrative personnel. In the context of globalization and integration of the domestic labor market, the managerial staff of the organization acts as a valuable socio-economic resource, the cost of professional qualities and competencies of which is steadily growing due to the acquisition of new knowledge by employees. The effectiveness of the managerial work of an organization, in contrast to the labor productivity of direct participants in the creation of material wealth, is not measured directly, but by the performance indicators of the work of business entities over a certain period of time. An important role in increasing the efficiency of the organization’s managerial work belongs to the organization of labor of the employees of the management apparatus on a scientific basis, which means a system of sound technical, organizational and economic measures aimed at directly improving the organization and management methods using scientific and technical achievements, the widespread introduction of mechanization, automation and computerization of all functions of the management process.

Predicting Psycho-educational Problems in Childhood

1978 ◽  
Vol 3 (3) ◽  
pp. 148-159 ◽  
Author(s):  
Howard S. Adelman
Keyword(s):  
State Of The Art ◽  
Cost Benefit ◽  
Policy Makers ◽  
Health Maintenance ◽  
Ethical Concerns ◽  
Current State ◽  
The Individual ◽  
Assessment Procedures ◽  
Mass Identification ◽  
Ethical Perspectives

Presented are (1) a brief synthesis of several key conceptual and methodological concerns and some ethical perspectives related to identification of psycho-educational problems and (2) conclusions regarding the current state of the art. The conceptual discussion focuses on differentiating prediction from identification and screening from diagnosis; three models used in developing assessment procedures also are presented. Methodologically, the minimal requirements for satisfactory research are described and current problems are highlighted. Three ethical perspectives are discussed; cost-benefit for the individual, models-motives-goals underlying practices, and cost-benefit for the culture. The current state of the art is seen as not supporting the efficacy of the widespread use of currently available procedures for mass screening. Given this point and the methodological and ethical concerns discussed, it is suggested that policy makers reallocate limited resources away from mass identification and toward health maintenance and other approaches to prevention and early-age intervention.

From Critical Theory to Critical Pragmatism: Capability and the Assessment of Freedom

2017 ◽  
Vol 44 (6) ◽  
pp. 937-952 ◽  
Author(s):  
Bénédicte Zimmermann
Keyword(s):  
Critical Theory ◽  
Vocational Training ◽  
Capability Approach ◽  
Critical Power ◽  
Critical Approach ◽  
Critical Pragmatism ◽  
Empirical Inquiry ◽  
Policy Level ◽  
Continuing Vocational Training ◽  
The Individual

This article discusses the implications of the double dimension of the capability concept, which is simultaneously normative and descriptive, in sustaining a critical approach toward freedom. Capability may provide a key concept for critical theory. It may also fuel critical pragmatism as anchored in committed empirical inquiry. Building on John Dewey’s pragmatist account, the article advocates a critical approach that is as much a matter of conceptual yardstick as of empirical inquiry. Taking reforms in the area of French continuing vocational training as a case in point, it demonstrates the analytical and critical power, when it comes to the idea of freedom, of a capability approach confronting three levels of inquiry that are usually investigated separately: the institutional (public policy) level, the organizational (in this case company) level, and the individual (biographical) level.

scholarly journals The space "in-between": the relationship order-chaos and the creativity of senior students of Architecture

2020 ◽  
Vol 10 (1) ◽  
pp. 99-122
Author(s):  
Natalya Souza
Keyword(s):  
Rio Grande ◽  
Organizational Environments ◽  
Edge Of Chaos ◽  
Order And Disorder ◽  
Current State ◽  
Adaptive Solutions ◽  
The Individual ◽  
The Relationship ◽  
Senior Students ◽  
Creative Environment

The edge of chaos has been constantly viewed as a metaphor for the current state our world: a constant coexistence of order and disorder. [...] Several authors working within education and organizational environments have highlighted that creators must perform at the ‘edge of chaos’ in order to produce creative and adaptive solutions. [...] This paper aims to discuss the dichotomy between order and disorder in the creative environment (socio- physics aspects) of architecture students from the Universidade Federal do Rio Grande do Norte, Brazil. Particularly, this paper focuses on students who are working on their Final Graduation Work (FGW), because, unlike other tasks, this activity is completed away from the classroom, in a space 'in-between' – in-betweenwork and home spaces, in-between the collective and the individual, in-between order and chaos.

scholarly journals Improving Human Rights Protection on the national and the European Level

2015 ◽  
pp. 36-51
Author(s):  
RUDOLF DUR SCHNUTZ
Keyword(s):  
Human Rights ◽  
National Level ◽  
European Level ◽  
Human Rights Protection ◽  
Current State ◽  
European Court ◽  
Protection Of Human Rights ◽  
Venice Commission ◽  
Effective Remedy ◽  
The Individual

The recent move towards the individual access to constitutional justice is a progress for protection of human rights in Europe. The explicit purpose of these efforts is to settle human rights issues on the national level and to reduce the number of cases at the Strasbourg Court. Such individual complaints have to be designed in a way that makes them an effective remedy which has to be exhausted before a case can be brought before the European Court of Human Rights. This paper points out the current state of these improvements on the national level in a difficult context on the European level and the recommendations of the Venice Commission in this regard.

scholarly journals Student Feedback on Teaching in Schools: Current State of Research and Future Perspectives

2021 ◽  
pp. 259-271
Author(s):  
Wolfram Rollett ◽  
Hannah Bijlsma ◽  
Sebastian Röhl
Keyword(s):  
Student Perceptions ◽  
Teaching Quality ◽  
Student Feedback ◽  
Comprehensive Overview ◽  
Feedback Information ◽  
Current State ◽  
Feedback Culture ◽  
State Of Research ◽  
The Individual ◽  
High Level

AbstractThe aim of this volume was to give a comprehensive overview of the current state of the research on student perceptions of and student feedback on teaching. This chapter provides a resume of the important theoretical considerations and empirical evidence the authors contributed to this volume. First, evidence concerning the validity of student perceptions of teaching quality is discussed, highlighting the quality of the questionnaires used and accompanying materials provided by their authors. In the next step, empirical findings are summarized on student and teacher characteristics that can influence important processes within the feedback cycle. Subsequently, it is emphasized that the effectiveness of student feedback on teaching is significantly related to the nature of the individual school’s feedback culture. Furthermore, it is argued that the efficacy of student feedback depends on whether teachers are provided with a high level of support, when making use of the feedback information to improve their teaching practices. As the literature review impressively documents‚ teachers, teaching, and ultimately students can benefit substantially from student feedback on teaching in schools.

scholarly journals The changing landscape of economy: social and technological progress in explaining the informational efficiency of capital markets

2020 ◽  
Vol 14 (1) ◽  
pp. 940-952
Author(s):  
Iuliana Ursu
Keyword(s):  
Market Efficiency ◽  
Capital Markets ◽  
Technological Progress ◽  
Bayesian Model Averaging ◽  
Negative Impact ◽  
Efficient Market Hypothesis ◽  
Social Progress ◽  
Informational Efficiency ◽  
Market Mechanisms ◽  
The Impact

AbstractIn today’s ever-changing landscape of economy, one of the fundamental problems remains whether market mechanisms are functioning in an efficient way, and which are the variables impacting those levels of efficiency. The main objectives of the present paper are to contribute to a better understanding of market mechanisms, by testing the Efficient market hypothesis on its weak form at a macroeconomic level, and to assess the impact of technological and social progress, measured through different variables, on markets informational efficiency. We use an adapted version of L. Kristoufek si M. Vosvrda (L. Kristoufek, M. Vosvrda, 2013, 184) methodology for Efficiency Index, based on long term memory (using 2 estimators), fractal dimension (using 11 estimators), and entropy (estimated through the approximate entropy), in order to assess the levels of efficiency for 20 market indices from both developed and emerging or frontier economies, from the Eurasia region. Further on, by using the Bayesian Model Averaging (BMA), we study the impact of technological and social progress on markets informational efficiency. Main results of the study reveal the existence of a market dynamics characterized by areas with distinctive levels of “informational efficiency”, within both developed and emerging economies, encompassing a non-negligible link between past and present, persistence or anti-persistence, and a high data complexity. Moreover, while studying the relationship between market efficiency and social and technological progress, we observe that variables such as Government Effectiveness, or Control of Corruption, have a positive impact on the levels of efficiency of capital markets, while most of the technological progress estimators (amongst which Computer, communications and other services (% of commercial service exports), or Individuals using the Internet (% of population)), have a negative impact, translated into a decrease of informational market efficiency on the short run (the rise of high frequency trading).

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