World-views as the emergent property of human value systems

Author(s):  
Misha Hebel
GIS Business ◽  
2018 ◽  
Vol 13 (6) ◽  
pp. 1-12
Author(s):  
Dilip Roy ◽  
Soma Panja Chowdhury

The mean-variance method developed by Markowitz (1959) was aimed at obtaining optimizing portfolios. But selection of portfolio in the real world mostly deviates from this optimal criterion. In this paper we have considered this issue from an altogether different aspect and developed means for aiming at nearly optimum portfolio. We considered the risk taking propensity as the main driving force and presented a heuristic method to reach the near to the optimal state. For doing so, we have introduced the coefficient of optimism in the decision making process and simultaneously considered conditional optimum portfolio and corresponding heuristic portfolio. In the extreme situations three different human value systems can be considered as optimistic, pessimistic and risk planner. To examine the closeness between the heuristic and optimum portfolios we have carried out empirical analysis covering ten years data of fifteen companies from Nifty (2000-09). Regarding the choice of companies we have adopted random selection technique. From empirical study we have found that for moderate values of the coefficient of optimism a heuristic investor’s decision nearly coincides with the corresponding optimum portfolio. However, for extreme situations i.e. optimistic and pessimistic situations heuristic portfolio differs from optimum portfolio. Keywords: Expected return, risk, optimum portfolio, heuristic portfolio, coefficient of optimism.


2018 ◽  
Vol 10 (7) ◽  
pp. 2556 ◽  
Author(s):  
Joachim H. Spangenberg

In situations of uncertainty, scenarios serve as input for scientifically informed decision making. However, past experience shows that not all scenarios are treated equally and we hypothesise that only those based on a world view shared by scientists and decision makers are perceived as credible and receive full attention of the respective group of decision makers. While intuitively plausible, this hypothesis has not been analysed by quantitative correlation analyses, so instead of drawing on quantitative data the paper analyses the archetypical scenarios developed in the ALARM project to substantiate the plausibility by a comparative analysis of world views, value systems and policy orientations. Shock scenarios are identified as a means to explore the possibility space of future developments beyond the linear developments models and most scenario storylines suggest. The analysis shows that the typical scenarios are based on mutually exclusive assumptions. In conclusion, a comparison of storylines and empirical data can reveal misperceptions and the need to rethink world views as a necessary step to open up to new challenges. Deeply held beliefs will make this transition unlikely to happen without severe crises, if not dedicated efforts to explicate the role of world views for scenarios and policies are undertaken.


Author(s):  
Joachim H. Spangenberg

In situations of uncertainty, scenarios serve as input for evidence-based decision making. However, past experience shows that not all scenarios are treated equally, and we hypothise that only those based ion a world view shared by decision makers are perceived as credible and receive full attention. While intuitively plausible, this hypothesis has not been analysed by quantitative correlation analyses, so instead of drawing on quantitative data the paper analyses the archetypical scenarios developed in the ALARM project to substantiate the plausibility by a comparative analysis of world views, value systems and policy orientations. Shock scenarios are identified as a means to explore the possibility space of future developments beyond the linear developments models and most scenario storylines suggest. The analysis shows that the typical scenarios are based on mutually exclusive assumptions. In conclusion, a comparison of storyline and empirical data can reveal misperceptions, policy failures and the need to rethink world views as a necessary step to open up to new challenges. Deeply held beliefs will make this a transition unlikely to happen without severs crises, if not dedicated efforts to reveal the role of world views for scenarios and policies are undertaken.


2019 ◽  
Vol 14 (1) ◽  
Author(s):  
Barzoo Eliassi

This aim of this article is to critically examine how the concept of culture is used in Sweden to explain the “failure” or the difficulties that Muslim immigrant families are experiencing with regards to their integration into the dominant society. Whereas, the Swedish society is often represented as ‘modern’, ‘progressive’, and ‘democratic’, immigrants with Muslim backgrounds are predominately described as ‘traditional’, ‘authoritarian’ and ‘pre-modern’. There is a widely held idea within Swedish social work research that immigrant families and the white mainstream Swedish society are situated within two different value systems with different world-views regarding family and gender relations. Due to this entrenched binary opposition, Orientalism becomes constitutive to social work research and practices.


2021 ◽  
Vol 4 (2) ◽  
pp. 6-16 ◽  
Author(s):  
Alexander Nikiforov

The article provides a semantic analysis of the general concept of “progress”. The author shows that the objective meaning of this concept is a series of successive changes of a certain object. Still, the meaning of the con-cept of “progress” also includes an assess-ment of these changes from the observer’s viewpoint, who can assess these changes as a transition from lower to higher, from less perfect to more perfect, that is as progressive changes, or on the contrary – as a transition from perfect to less perfect, that is as regres-sive changes. It seems clear that these esti-mates depend on the observers’ value sys-tem, that is from their ideas about the high, the perfect, and the useful. Different people have different value systems, which is why so often people disagree in their assessments of some changes as progressive or regressive. The article discusses the question of whether a certain system of universal values exists, which assumes that a generally valid assess-ment of some changes as progressive is possible. Modern sociological research demonstrates the absence of such system. The author, in his turn, suggests a hypothesis about what could serve as the basis for the formation of such a universal human value system.


Author(s):  
Francisco Javier Carrillo

This chapter aims to characterize Knowledge Based Development (KBD) from the perspective of value systems. After an introduction to its purpose and scope, the chapter is divided into five sections. The first section looks into the distinctive aspects of human knowledge-based or represented experience as the rationale for both Knowledge Management and Knowledge Based Development. The concept of KBD is introduced as a distinctive category and as the basis of a new social paradigm of special significance in view of both the current stage of human evolution and our impact on other Earth systems. In the second section the emergence and evolution of KBD as a field of study and practice is overviewed. Thirdly, the received perspective of knowledge capital as instrumental to increasing monetary growth and accumulation is contrasted with an integrated approach where all value elements relevant to a group are balanced into a unified system of categories. Such radical approach to KBD recaptures the essence of human value production and allows the redesign of accountacy and management practices at the organizational level, as well as of cultural and political practices at the communitary and global levels. Next, a review of some of the most visible KBD research agendas shows the trends in the evolution of this area and suggests the viability of a global R&D agenda. Finally, the possible contribution of KBD as a language to articulate national and international consesus-building on the most urgent issues is discussed as a conclusion.


2016 ◽  
Vol 5 (3) ◽  
pp. 145-155
Author(s):  
E.M. Leontyeva

The article presents the purchase to studying value systems in various sciences; psychology, philosophy. The paper describes methodological difficulties in clinical studies of values. The first difficulty; an unspoken conviction held by clinicians that psychologically ill patients are not in possession of values whatsoever, or that there is a difference expressed in the production of certain value clusters. The second difficulty is a lack of normative values and the influence of postmodern world views on psychological practice. The article considers a need for reflections on internal value systems. Thereby the contemporary clinical study of value systems, should lead to solutions to the aforementioned problems. For a holistic study of value systems it is necessary to create special experimental conditions to a reflection and understanding of One's Own value systems by the subjects of the study. The article proposes a set of adequate and necessary requirements for patho-psychological experiments in the field of value thought processes of patients with a diagnosis of schizophrenia. As an example of such a study the author shows a detailed interview following a modelled value based dialogue and the authors methodology of ‘value classification’. Presented is the interview structure, a set of used values, instructions given to participants, and supplementary questions.


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