What Determines the Individual Decision to Take Preventive Actions?

2008 ◽  
Author(s):  
João Costa ◽  
Pedro P. Barros
Keyword(s):  
Individual Decision ◽  
Preventive Actions ◽  
The Individual

Are the saving decision patterns of bank customers also clouded by psychological biases? Evidence from Ghana

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Joseph Emmanuel Tetteh ◽  
Christopher Boachie
Keyword(s):  
Decision Making ◽  
Loss Aversion ◽  
Design Methodology ◽  
Weighted Least Squares ◽  
Least Squares Regression ◽  
Individual Decision ◽  
Content Type ◽  
Saving Decisions ◽  
The Individual ◽  
Practical Implications

PurposeThis paper attempts to investigate the influence of psychological biases on saving decision-making of bank customers in Ghana.Design/methodology/approachIt employs weighted least squares regression to test the effect of psychological biases on savings decisions of bank customers.FindingsThe findings show that all the nine psychological biases, namely mental accounting, availability, loss aversion, representativeness, anchoring, overconfidence, status quo, framing effect and disposition effect employed for the study have a significant influence on saving decision of bank customers. The results depict that psychological biases are entrenched in the saving pattern of bank customers in Ghana.Practical implicationsFor policy purposes, the study recommends that bank customers need to enhance their knowledge of psychological biases in order to improve their gains from savings, and not to fall prey to these prejudices. The satisfied customer is a dependable source of bank viability and survival.Originality/valueTo the best of the knowledge of the author, this study provides the first empirical evidence of the influence of psychological biases on saving decisions of bank customers in Ghana. The findings of this study will enhance knowledge on the influence of psychological biases on individual decision-making and will accentuate the fact that the individual is not an entirely rational being.

scholarly journals Role of Legal Principles in Eliminating and Minimizing the Risks of Genomic Technologies

Lex Russica ◽  
2019 ◽  
pp. 121-128 ◽  
Author(s):  
M. N. Maleina
Keyword(s):  
Genetic Information ◽  
Personal Data ◽  
Negative Consequences ◽  
Genetic Characteristics ◽  
Legal Principles ◽  
Genomic Technologies ◽  
Preventive Actions ◽  
The Individual ◽  
Modern Genomic

The use of modern genomic technologies, along with the benefits to the man and society, can lead to negative consequences. Such risks exist both in the process and after the production, isolation, modification, storage of DNA. Prior to detailed legislative regulation of relations regarding the use of genomic technologies for medicinal purposes and not for medical reasons, legal principles become vital.The paper formulates the following basic legal principles of genomic technologies application: the principle of preventive actions of the state to protect citizens from the risks of using genomic technologies; the principle of preserving the human genome as a special species; the principle of guaranteeing the inviolability of the individual of every citizen when using genomic technologies; the principle of priority of life and health of citizens over the interests of science and society; the principle of equality of citizens regardless of genetic characteristics; the principle of protection of genetic information of every citizen as part of personal data; the principle of guaranteeing access to the citizen’s own genetic information. Legal principles can be used to resolve a dispute by analogy of law.

Specialization Agreements under the EEC Competition Rules; A Commentary on Regulation No. 417/85

1987 ◽  
Vol 56 (4) ◽  
pp. 380-413
Author(s):  
Magnus Höög
Keyword(s):  
Individual Decision ◽  
Effective Competition ◽  
Unit Costs ◽  
Market Shares ◽  
Competition Rules ◽  
Individual Decisions ◽  
The Individual ◽  
The Right ◽  
Restrictive Clause ◽  
Considerable Size

AbstractEach case depends on its own facts. Still, the decided cases give considerable guidance to the Commission's approach to granting individual exemptions. The Commission seems to be concerned primarily with the activities of only the parties subject to the specialization agreement, not with unrelated pursuits of corporate relations of the parties94. The Commission also attributes to th especialization agreements an increase of production with a concomittent lowering of unit costs. The exclusivity will thus help to provide the necessary expanded market. The parties to the agreements discussed above are of different sizes, some have very significant shares of the markets in question. A considerable size of the parties, i.e. substantial turnover or large market shares, normally will make it more difficult to obtain an individual exemption. Still, the individual decisions make it clear that even quite substantial undertakings can obtain the benefit of an individual decision under the right circumstances. This leads to the conclusion that size per se is not a concern to the Commission. Of concern is the restrictive clauses in, to some extent, conjunction with the size. Together, the restrictive clause and the considerable size bring the agreement far within the scope of Article 85(1). That the agreement can be granted an individual exemption due to inherent advantages is another side of the coin. A significant example is Re Lightweight Papers. Once the most rigid clauses in the agreement were withdrawn, an exemption was granted no matter the huge market shares in Benelux and France (70% and 80% respectively). The existence of effective competition is the all important element. No matter the size, an exemption can be had if effective competition prevails.

scholarly journals HUMAN BEHAVIORAL CHANGES AND ITS IMPACT IN DISEASE MODELING

2015 ◽  
Vol 77 (33) ◽  
Author(s):  
Teoh Shian Li ◽  
Jane Labadin ◽  
Phang Piau ◽  
Ling Yeong Tyng ◽  
Shapiee Abd Rahman
Keyword(s):  
Uniform Distribution ◽  
Rural Areas ◽  
Disease Modeling ◽  
Demographic Factors ◽  
Behavioral Changes ◽  
Individual Based Model ◽  
Preventive Actions ◽  
Urban And Rural Areas ◽  
The Individual ◽  
The Impact

One of the threats of the world health is the infectious diseases. This leads to the raise of concern of the policymakers and disease researchers. Vaccination program is one of the methods to prevent the vaccine-preventable diseases and hence help to eradicate the diseases. The impact of the preventive actions is related to the human behavioral changes. Fear of the diseases will increase one’s incentive in taking the preventive actions to avoid the diseases. As human behavioral changes affecting the impact of the preventive actions, the individual-based model is constructed to incorporate the behavioral changes in disease modeling. The agents in the individual-based model are allowed to move randomly and interact with each other in the environment. The interactions will cause the disease viruses as well as the fearfulness to be spread in the population. In addition, the individual-based model can have different environment setups to distinguish the urban and rural areas. The results shown in this paper are divided into two subsections, which are the justification of using uniform distribution as random number generator, and the variation of disease spread dynamics in urban and rural areas. Based on the results, the uniform distribution is found to be sufficient in generating the random numbers in this model as there is no extreme outlier reported in the experiment. We have hypothesized the individuals in urban area to have higher level of fearfulness compared to those in rural area. However, the preliminary results of the survey conducted show a disagreement with the hypothesis. Nevertheless, the data collected still show two distinct classes of behavior. Thus, the distinction does not fall into the samples taken from rural or urban areas but perhaps more on the demographic factors. Therefore, the survey has to be study again and demographic factors have to be included in the survey as we could not distinguish the level of fearfulness by areas.  

Individuelles Entscheidungsverhalten im Emissionszertifikatehandel

2020 ◽  
Author(s):  
Bertil Kapff
Keyword(s):  
Emissions Trading ◽  
New Technologies ◽  
Eu Ets ◽  
Individual Decision ◽  
Trading System ◽  
Individual Decision Making ◽  
Emission Rights ◽  
Framework Conditions ◽  
The Individual ◽  
Emissions Trading System

Fuel emissions in the heating and transport sectors will be covered by a national emissions trading system in Germany from 2021. The European certificate trading system EU ETS will also be further tightened for the fourth trading phase from 2021 to 2030. Under unknown framework conditions and uncertainty regarding the development of certificate prices, the actors involved will have to make a variety of decisions: How many emission rights are to be acquired and when? Are investments in new technologies or fuels worthwhile? This laboratory experiment on emissions trading examined which patterns and strategies can be identified in the individual decision-making behaviour of the actors. The paper was awarded the Dr. Tyczka Energy Prize in 2018.

scholarly journals OPINION DYNAMICS AND DECISION OF VOTE IN BIPOLAR POLITICAL SYSTEMS

2005 ◽  
Vol 16 (09) ◽  
pp. 1473-1487 ◽  
Author(s):  
FILIPPO CARUSO ◽  
PAOLO CASTORINA
Keyword(s):  
Opinion Dynamics ◽  
The Political ◽  
Decision Making Process ◽  
Final Decision ◽  
Political Systems ◽  
Individual Decision ◽  
Political Decision ◽  
The Government ◽  
The Individual ◽  
Personal Interests

A model of the opinion dynamics underlying the political decision is proposed. The analysis is restricted to a bipolar scheme with a possible third political area. The interaction among voters is local but the final decision strongly depends on global effects such as the rating of the governments. As in the realistic case, the individual decision making process is determined by the most relevant personal interests and problems. The phenomenological analysis of the national vote in Italy and Germany has been carried out and a prediction of the next Italian vote as a function of the government rating is presented.

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