Academic literature on the topic 'Risk-taking (Psychology) – Economic aspects'
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Journal articles on the topic "Risk-taking (Psychology) – Economic aspects"
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Voznyak, H., Kh Patytska, and Т. Kloba. "BEHAVIORAL ECONOMICS IN MODERN RESEARCH OF REGIONAL AND LOCAL DEVELOPMENT: THEORETICAL ASPECTS." Financial and credit activity: problems of theory and practice 1, no. 36 (February 17, 2021): 293–301. http://dx.doi.org/10.18371/fcaptp.v1i36.227893.
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In terms (conditions) of socio-economic crisis, there are changes in the algorithms of acceptance of the investment, financial, management, and other decisions at various levels, which requires the emphasis on the patterns of behavior of participants in financial and economic processes in conditions of risk and uncertainty. The article aims to review the key postulates of behavioral economics, substantiate the possibility and feasibility of applying the theoretical foundations of behavioral economics as the latest model of the irrational behavior of financial and economic relations in practice management at regional and local levels.
The theoretical foundations of behavioral economics are revealed, the preconditions of origin (scientific bases, technological level, socio-economic bases) and stages of formation are determined. The interdisciplinary nature of behavioral economics as a science-based on the provisions of economics, psychology, sociology, neurobiology, and studies of socio-economic problems using non-traditional methods and approaches is proved. The study found that the growing trend of the practical application of behavioral economics at the regional and local levels is associated with the possibility of taking into account, except objective factors, irrational behavior of participants in financial and economic processes in conditions of risk and uncertainty. Behavioral differences between «economic man» and Humans are substantiated. It is established that people have such behavioral features as presumed irrationality; limited cognitive skills, emotions, morals, and social norms; limited selfishness; inconsistency (variability) of preferences. The expediency of studying economic relations at the regional and local levels on the basis of behavioral economics is justified by the possibility of explaining the abnormal behavior of economic agents in conditions of uncertainty and risk, which encourages the search for new behavioral strategies of financial and economic relations.
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Батухтин, А., and A. Batuhtin. "Phenomenon of Risk in Some Theories of the Humanities Knowledge." Scientific Research and Development. Socio-Humanitarian Research and Technology 6, no. 3 (October 12, 2017): 61–64. http://dx.doi.org/10.12737/article_59d788600335a7.64460840.
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The modern world is full of risks, so the theory of risk, its properties and processes of management, are nowadays of particular interest. There are many theories, which contain different concepts and identifies the fundamental characteristics of this phenomenon. This paper aims to study the processes of effective risk management and prediction of the future, an important task of social management. The article discusses the postmodern (sociological) and perceptibility (psychology) risk-taking. Sociological theories of the postmodern approach to the concept of “risk” through the analysis of social relations. In turn, perceptivity approach treats risk through the “behavioral aspects” of human existence. The task of this article is to define the properties of risk in sociological theories and the search for such properties, the risk that would be inherent in any type of society. Analyzed the risk profile, offered by postmodern theory by U. Beck, N. Luhmann and A. Giddens, with the result that the basic properties of the risk applying to the Foundation. As well as identified behavioral aspects of risk that were considered in the context perceptivities approach, in D. Kahneman and A. Tversky. In the end, we offer a conclusion that common property, as an individual and the society as a system in General is an irrational risk aversion. This property does not depend on the era and type of society and retains its relevance from ancient times to the present day. The results obtained in this article can find its practical application in Sciences such as social philosophy, political science, management, Economics, psychology, sociology. Highlighted in the sociology of properties of a society built on risk, can be useful indicators or explanations of any of the events. In political science, Economics and management knowledge of the characteristics of the risk society (modern society) and people's attitude to risk will provide an advantage and will indicate any possible human behavior that will help in prediction and management. And this, in turn, could facilitate the implementation of industrial, corporate, or state objectives.
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Małecka, Joanna, and Yevhen Revtiuk. "Comparison of Entrepreneurial Attitudes – a Polish and Ukrainian Case Study." Balkan Region Conference on Engineering and Business Education 1, no. 1 (October 1, 2019): 416–25. http://dx.doi.org/10.2478/cplbu-2020-0050.
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AbstractThe definition of entrepreneurship is interdisciplinary. Its attitude-describing component alone incorporates many areas, including, primarily, social sciences such as psychology and sociology, followed by economics and law, while taking into account local institutional and legislative environment. Its multi-faceted nature is, however, not only about attitudes but, above all, measurable behaviours, the effects of which can be illustrated in the form of measurable results and balance sheets of enterprises. One of its most important aspects is the fact of influencing the economic environment and economic conditions of countries. Hence, any research in the field of entrepreneurship of social groups, or even nations, should focus on diagnosing the forms of economic activity and describing those environmental elements which will enable certain alleviation of the barriers to development, or even their complete elimination, which, in turn, will contribute to the growth of entire socio-economic systems.The article attempts to investigate the conditions that affect the willingness to carry on economic activity by analysing the entrepreneurial attitudes of Polish and Ukrainian citizens whose common denominators are: (1) having an engineering degree, (2) being professionally active, and (3) willingness to keep improving their qualifications.
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Bukhtiyarov, Igor V., and Eduard I. Denisov. "Hygienic aspects of robotization: risk factors and safety principles." Hygiene and sanitation 100, no. 1 (February 12, 2021): 6–12. http://dx.doi.org/10.47470/0016-9900-2021-100-1-6-12.
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The paper presents a review and essays on the hygienic aspects of the problem of robotics. The absence of generally accepted international terminology is noted. There is given a definition of basic terms as a robot, an artificial intelligence system (AIS), and a cyber-physical system (CFS) - according to authoritative sources. In the literature, the term robot is often used to mean CFS. The origin of robots in Russia is briefly described. The role of AIS as the basis of a technological breakthrough is considered. There is represented statistical data on the scientific, economic, and social aspects of the introduction of robotics. Robots are believed to be more likely to replace tasks rather than jobs and create new types of them. The medical and social aspects of robotization based on the experience of the European Union, the USA, and South Korea are examined, and the prospects of creating "smart jobs" are emphasized. The types of robots and their application in industry and medicine for diagnosis, treatment, and rehabilitation are described. It is emphasized that robots are the most advanced machines. The dangers created by robots, their causes, and possible consequences from physical (noise, vibration), chemical, electrical, ergonomic, and other perils are described. The presence of both "traditional" and new risk factors is noted. The systematics of the stages of human-robot interaction is proposed: ethical aspects in the design, communication psychology, contacts with the machine during its use and safety aspects, human physiological responses, possible clinical manifestations of health disorders. The safety principles of robots and CFS are formulated, and that the "smarter" the robots, the greater the risks of program failures and breakdowns are noted. The role of information hygiene and the need for training and health education of workers and the population are examined. Estimates are given of the prospects for the robotization of the profession. The occupation of hygienists in the era of digitalization and robotization is noted to have a future.
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A. Dzogovic, Suada, and Theranda Beqiri. "GENDER ANALYSIS AND COVID-19: A CASE STUDY OF ECONOMIC (IN)EQUALITY." Journal Human Research in Rehabilitation 12, no. 2 (September 10, 2022): 114–26. http://dx.doi.org/10.21554/hrr.092202.
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This paper provides an overview and critical review of the question of whether and to what extent has the coronavirus pandemic affected the economic situation of women. The case study in Bosnia and Herzegovina identified the key concepts that will guide our analysis and interpretation. Based on our experiences, we examine and investigate the economic and social status of women in general, and then monitor economic and social parameters during the coronavirus pandemic, to answer the key question- whether the pandemic caused more damage to men or women in economic terms, did it emphasize and deepen the existing gender gap in economic and social terms, or did it improve the position of women, which we consider less likely. This is a predominantly quantitative approach, given that we collected, compared, and analyzed various statistical data from the census, statistics from labor and employment agencies on the labor market, and similar. Using the compilation method we collected all relevant statistical data for research, and then relied on content analysis and comparison to draw key conclusions. Also, using the compilation method we collected various media reports related to the topic. Where there was a need for additional sources we used the interview as a qualitative method, where we relied on the experience of employment agencies, as well as non-governmental organizations dealing with gender equality issues in Bosnia and Herzegovina. Even though numerous studies have shown that the Covid-19 pandemic had a disproportionate impact on women, our research confirms that official statistics in Bosnia and Herzegovina do not reveal that women are significantly more economically affected than men. The expressiveness of women affected by the coronavirus pandemic and the impact on their economic status was also given through regression analysis and its results. Taking into account only R Square and its indicator of 48%, which is not negligible, it shows the economic position of women before the coronavirus, but certainly during the pandemic. However, given that the effects of the Covid-19 pandemic risk improving existing gender inequalities, we also seek to remind the relevant institutions of their commitment to addressing gender inequalities in all aspects of society and achieving these goals more quickly through a gender-sensitive approach. This, therefore, further opens up opportunities for gender equality, the effectiveness of sustainable development goals, and the empowerment of women in all aspects of social, political, cultural, and economic life.
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Sokol-Hessner, Peter, and Robb B. Rutledge. "The Psychological and Neural Basis of Loss Aversion." Current Directions in Psychological Science 28, no. 1 (November 29, 2018): 20–27. http://dx.doi.org/10.1177/0963721418806510.
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Loss aversion is a central element of prospect theory, the dominant theory of decision making under uncertainty for the past four decades, and refers to the overweighting of potential losses relative to equivalent gains, a critical determinant of risky decision making. Recent advances in affective and decision neuroscience have shed new light on the psychological and neurobiological mechanisms underlying loss aversion. Here, integrating disparate literatures from the level of neurotransmitters to subjective reports of emotion, we propose a novel neural and computational framework that links norepinephrine to loss aversion and identifies a distinct role for dopamine in risk taking for rewards. We also propose that loss aversion specifically relates to anticipated emotions and aspects of the immediate experience of realized gains and losses but not their long-term emotional consequences, highlighting an underappreciated temporal structure. Finally, we discuss challenges to loss aversion and the relevance of loss aversion to understanding psychiatric disorders. Refining models of loss aversion will have broad consequences for the science of decision making and for how we understand individual variation in economic preferences and psychological well-being across both healthy and psychiatric populations.
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Firmansyah, Yohanes, and Imam Haryanto. "Psycho-Socio-Juridic Review Of Lockdown And Work From Home Policies On Psychological Symptoms In Productive Groups And Strategic Solutions Of National Economy." Ganaya : Jurnal Ilmu Sosial dan Humaniora 4, no. 2 (September 10, 2021): 531–51. http://dx.doi.org/10.37329/ganaya.v4i2.1347.
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Covid-19 pandemic has a significant impact on all strategic aspects of human life. The influential aspects are the health, economic and socio-cultural. The Covid-19 pandemic creates a dilemma for the Government to find the best way to benefit from various sectors efficiently. One of them is the implementation of lockdown and work from home to reduce the spread of Covid-19, but this has an impact on the emergence of various psychological disorders and the balance of the economic balance which tends to be negative. The focus of this research is to reveal the impact of the Covid-19 pandemic and lockdown and Work From Home policies on psychological symptoms and to find the best alternative solutions in terms of the economic sector. This research consists of 2 main parts, namely survey research and research that examines the problems based on sociology with qualitative methods with the type of normative juridical research. The results of this study reveal that during the Covid-19 pandemic period caused a 39.1% incidence of insomnia, 12.1% incidence of depression, and 26.3% incidence of anxiety from various levels. Still, there was no strong relationship and correlation between existing policies such as Work From Home, income, layoffs, spiritual, psychological symptoms. A literature review reveals the most effective way to bridge these three aspects (health, economy, and psychology) is by applying the form of shifting or taking turns by dividing into a minimum of 2 teams, namely a minimum of 14 days of work and a minimum of 14 days for independent isolation at home.
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Pike, Alison, Alessandra C. Iervolino, Thalia C. Eley, Thomas S. Price, and Robert Plomin. "Environmental risk and young children’s cognitive and behavioral development." International Journal of Behavioral Development 30, no. 1 (January 2006): 55–66. http://dx.doi.org/10.1177/0165025406062124.
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Using a longitudinal, large-scale sample of British twins, we addressed the prediction of both cognitive abilities and behavioral adjustment from eight domains of environmental risk: minority status, socio-economic status, maternal medical factors, twin medical factors, maternal depression, chaos within the home environment, and parental feelings towards their children and discipline. Participants included 5765 families with twins (49.1% male) born in 1994 and 1995. Aspects of environmental risk were assessed from birth until the children’s third birthdays; outcome measures were assessed at their fourth birthdays. Overall prediction of outcome (via multiple regression analysis) was moderate (R = .23 -.48). SES and chaos were the strongest predictors for the cognitive outcomes whereas for total behavior problems the more proximal parenting factors were also dominant. Future analyses will investigate these environmental risk indicators in the context of the genetically sensitive twin design.
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Louhichi, Rim, Jacques Pelletan, and Mohamed Sallak. "Application of Prospect Theory in the Context of Predictive Maintenance Optimization Based on Risk Assessment." Applied Sciences 12, no. 22 (November 18, 2022): 11748. http://dx.doi.org/10.3390/app122211748.
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The optimization of predictive maintenance relies mainly on the reduction of costs and risks, which can be of various types. The evaluation of risks cannot be realized independently of the psychology state and cognitive knowledge of the decision maker. In this article, we demonstrate this through the proposal of a methodology that tackles both optimization of maintenance and estimation of failure risks at the same time. The methodology takes as input the remaining useful life of the system at instant t and determines the optimal inspection step and the threshold of remaining useful life for predictive maintenance. The originality of the methodology consists of using a theory inspired by behavioral economics called prospect theory. Prospect theory allows modeling the outcome of a decision making by considering several aspects related to the decision maker, mainly loss aversion and a tendency to overestimate events with low probability of occurrence but with high economic losses. A case study was then developed where both cases were considered: with prospect theory and without prospect theory. A sensitivity analysis of the results under variation of some input parameters was carried out in a final step to confirm the consistency of the results and show the interest of prospect theory.
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Åström, Therese, Martin Bergström, Kickan Håkansson, Ann Kristine Jonsson, Christian Munthe, Ingegerd Wirtberg, Johanna Wiss, and Knut Sundell. "Treatment Foster Care Oregon for Delinquent Adolescents: A Systematic Review and Meta-Analysis." Research on Social Work Practice 30, no. 4 (December 26, 2019): 355–67. http://dx.doi.org/10.1177/1049731519890394.
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Purpose: To examine the effects of Treatment Foster Care on youth with serious behavior problems. Method: Included studies are controlled trials with high or medium quality, published between 1990 and September 2017. The control group consists of youth with serious behavior problems in group care, and the follow-up time was at least 12 months. The review also examines ethical and economic aspects. Results: A total of eight controlled studies were included, consisting of 633 young people and 55 effect sizes. All studies examined the same model, Treatment Foster Care Oregon (TFCO). There is moderate certainty of evidence that TFCO reduces the risk of future criminal behavior and the number of days in locked settings. Furthermore, there is low certainty of evidence that TFCO reduces the risk of delinquent peer associations, drug use, and depression. Discussion: TFCO is to be preferred to group care for youth with serious behavior problems. Ethical and economic implications are discussed.
Dissertations / Theses on the topic "Risk-taking (Psychology) – Economic aspects"
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Ke, Xue, and 柯學. "When risk judgment of playing lotteries feels difficult: to be risk-averse or risk-seeking?" Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2008. http://hub.hku.hk/bib/B41508385.
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Covas, Francisco. "Managerial incentives, corporate investment, and economic preference /." Diss., Connect to a 24 p. preview or request complete full text in PDF format. Access restricted to UC campuses, 2004. http://wwwlib.umi.com/cr/ucsd/fullcit?p3130203.
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Butler, Karen Lee. "Impulsivity and risk-taking in clinical and non-clinical populations." Thesis, University of Greenwich, 2002. http://gala.gre.ac.uk/8727/.
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Various aspects of impulsivity, including risk-taking, were investigated by comparing the responses of control groups with those of three populations that were believed to exhibit problems with impulse regulation: those with eating disorders, attention deficit hyperactivity disorder (ADHD) and recreational drug users. Impulsivity was regarded as a multi-dimensional construct, tests were selected or developed to tap into various aspects of impulsivity, including self-report questionnaires, a novel discrete trials delayed reinforcement operant choice paradigm, a novel measure of financial risk-taking, and the continuous performance test which provides measures of both inattention and impulsivity. These tests varied in their ability to discriminate between groups, and the correlations between measures, as in previous studies, were typically low and mostly non-significant. Findings supported the proposal that impulsivity is a multidimensional construct that must be assessed using a wide range of measures including self-report questionnaires and more objective behavioural measures. The profile of effects found in the three targeted groups supported the proposal that impulsivity manifests itself differently in different populations. Women with anorexia nervosa scored low on impulsiveness and venturesomeness, and demonstrated behavioural impulsivity. Recreational drug users scored high on impulsiveness, venturesomeness and risk-taking, whereas ADHD individuals were inattentive and scored high on impulsiveness and risk-taking taking, but not venturesomeness. Overall the findings highlight the complexity of the impulsivity concept and demonstrate the need to acknowledge its multi-dimensional nature by using a variety of tests to capture its variable expression. Whether impulsivity in particular groups reflects state or trait remains to be determined.
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Chui, Hang-wai, and 徐恆慧. "A prospective study of high-risk behaviors and their risk and protective factors among adolescents in Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2008. http://hub.hku.hk/bib/B41508956.
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Abracen, Jeffrey. "Psychosocial risk factors for HIV infection." Thesis, McGill University, 1995. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=28976.
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A group of 21 HIV-positive gay or bisexual men was compared with a matched group of 22 HIV-negative individuals. All subjects were sexually active gay or bisexual males matched for age, as well as age at first intercourse with males. Subjects completed a detailed sexual history questionnaire as well as a series of standardized measures of psychosocial functioning. Results indicated that subjects engaged in a wide range of unsafe sexual behaviours, and frequently combined drugs with sex. Scores on the Michigan Alcoholism Screening Test (MAST) were significantly correlated with lifetime condom use. Social support was also found to be significantly associated with the lifetime number of homosexual partners. Regression analysis revealed a significant negative association between MAST scores and social support and a positive relationship between social support and CD-4 cell count. The groups were found to be similar in terms of clinical levels of anxiety and depression, self-esteem in interpersonal situations, and risk-taking personality.
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Chan, Hiu-wai Hilary, and 陳曉蔚. "Iowa gambling task in schizophrenia : an examination of the effect of tobacco-smoking in risk/reward decision making." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2013. http://hdl.handle.net/10722/192949.
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Background: Cognitive deficit is prominent in schizophrenia patients. We investigated the decision-making ability among schizophrenia patients and healthy controls based on their performance in the Iowa Gambling Task (IGT), a laboratory task developed for measuring individuals’ decision-making ability. We hypothesized that deficits in IGT performance in schizophrenia patients could be specifically ameliorated by smoking tobacco. In order to test this hypothesis, we compared smoking and non-smoking schizophrenia patients with healthy subjects, on their IGT performance.
Method: Ten smokers with schizophrenia, 9 non-smokers with schizophrenia, 16 non-psychiatric non-smokers and 7 non-psychiatric smokers were administered the computerized version of IGT. The Fagerstrom Test for Nicotine Dependence (FTND) was used to assess the degree of smoking dependence of subjects and to group the smokers and non-smokers.
Results: Subjects with schizophrenia performed significantly worse than non-psychiatric controls on IGT. Moreover, smokers with schizophrenia performed significantly better than non-smokers in the task. Furthermore, when comparing IGT performance of all the 4 groups, non-psychiatric non-smokers performed significantly better than psychiatric smokers in the IGT.
Conclusions: Similar to the results of previous research, schizophrenia patients performed worse than controls in the IGT, suggesting impairments in risk/ reward decision-making. Cigarette smoking may partially ameliorate schizophrenia patients’ performance deficits on neurological tasks, including the IGT. These findings on schizophrenia patients are clinically important since it is believed that the ability to make timely and correct decisions can result in good treatment compliance and coping strategies thus facilitates recovery. Last but not least, further research is needed to explain how smoking tobacco facilitates cognitive functioning in schizophrenia patients.published_or_final_version
Psychological Medicine
Master
Master of Psychological Medicine
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Buelow, Melissa T. "The Influence of Cognitive, Personality, and Social Variables: Predicting Changes in Risky Behaviors over a Two-Year Interval." Ohio : Ohio University, 2005. http://www.ohiolink.edu/etd/view.cgi?ohiou1127142922.
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Burger, Catherin-Ann. "Heterosexual context and adolescent sexual risk-taking behaviour : an exploratative study in a coloured community." Thesis, Stellenbosch : Stellenbosch University, 2000. http://hdl.handle.net/10019.1/51788.
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Thesis (MA)--University of Stellenbosch, 2000.ENGLISH ABSTRACT: A combined quantitative and qualitative methodology was employed in order to explore the intimate heterosexual context of coloured* pregnant adolescents as a determinant of their sexual risk-taking behaviour. Structured questionnaires were completed by forty young women attending prenatal clinics in the Stellenbosch area, and unstructured open-ended interviews subsequently conducted with ten selected respondents. It was found that the heterosexual relationships in which these girls were involved, tended to be intense emotional attachments based upon a foundation of friendship and trust, and reinforced by cultural notions of romantic love. In the wake of working class socioeconomic circumstances these relationships became a primary source of meaning-giving in respondents' lives, pervading all aspects of their everyday existence and guiding their future prospects. And it is in this context that sex prevailed as a means of deepening the emotional experience and pursuing relationship maintenance. Reproductive health interventions for coloured female adolescents would have to acknowledge these complexities and act upon them in ingenuous ways.
AFRIKAANSE OPSOMMING: 'n Gekombineerde kwantitatiewe en kwalitatiewe metodologie is geïmplementeer ten einde te bepaal op welke wyse die intieme heteroseksuele konteks van kleurling* swanger adolessente hulle seksueel riskante gedrag beïnvloed. Gestruktureerde vraelyste is voltooi deur veertig jong vroue wat prenatale klinieke in die Stellenbosch area bygewoon het, waarop ongestruktureerde nie-leidende onderhoude met tien geselekteerde respondente gevoer is. Dit is bevind dat hierdie meisies se heteroseksuele verhoudings meestal intense emosionele verbintenisse was, wat gebaseer is op 'n grondslag van vriendskap en vertroue, en wat versterk is deur kulturele opvattings van romantiese liefde. In die lig van werkersklas sosio-ekonomiese omstandighede, het hierdie verhoudings 'n primêre bron van betekenis in respondente se lewens geword. Dit het alle aspekte van hulle daaglikse bestaan beïnvloed en hulle toekomsvooruitsigte gerig. En dit is binne sodanige konteks wat seks beoefen is. Dit was instrumenteel ten einde verdieping van die emosionele ervaring en voortsetting van die verhouding te probeer bewerkstellig. Reproduktiewe gesondheidsintervensies vir kleurling vroulike adolessente sal erkenning moet gee aan hierdie kompleksiteite en vindingryke oplossings daarvoor moet genereer.
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Stewart, Wayne H. (Wayne Howard). "Small Business Owner-Managers and Corporate Managers: a Comparative Study of Achievement Motivation, Risk Taking Propensity and Preference for Innovation." Thesis, University of North Texas, 1995. https://digital.library.unt.edu/ark:/67531/metadc277602/.
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Despite the economic significance of entrepreneurship, relatively little is known about the entrepreneur, particularly how the entrepreneur differs from the corporate manager. This problem is both cause and symptom of the discord regarding definitions of the entrepreneur, rendering sampling, research replication and generalizations about entrepreneurs problematic. As a result, inquiry has failed to adequately establish how entrepreneurs differ from managers, a problem partially stemming from a dearth of methodologically rigorous comparisons of entrepreneurs with managers. The primary purpose of this study was to investigate the potential of psychological constructs to predict a proclivity for entrepreneurship. Moreover, differences in types of small business owner-managers were also investigated. Included in the research model were three common themes in the entrepreneurship literature: achievement motivation, risk taking propensity and preference for innovation. Also incorporated were the interactions of the psychological constructs, as well as individual and firm demographic variables.
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Du, Toit Willem Johannes. "The relationship between health and safety and human risk taking behaviour in the South African electrical construction industry." Thesis, Nelson Mandela Metropolitan University, 2012. http://hdl.handle.net/10948/d1009529.
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Mankind, and the development of people, exists due to risk-taking behaviour. It is not that humans should not take risks, but rather the ability to identify the magnitude of risk exposure in order that mankind‟s actions would be so selected as to mitigate exposed risk factors, that no harm should befall them. The approach to health and safety (H&S) has always been to manage H&S environmental factors that could have a negative impact on people, capital, and organisational systems. However, the critical component of human risk-taking behaviour that would have a far greater impact has rarely been acknowledged as part of the drivers that increase risk exposure. Human behaviour is a major contributing factor in accident causation. Although human error cannot be completely eliminated, it should be identified and correctly managed according to each individual‟s risk-taking profile. The reason people decide to take certain risks under certain conditions and the effect it has on H&S management systems is a key component to managing organisational risk exposure. To quantify the value of individual risk-taking behaviour could provide management with better opportunities of lowering the organisational risk exposure. Human risk-taking behaviour is influenced by each individual‟s perception of risk. Such perception of risk will influence decisions on risk-taking behaviour, which in turn is influenced by the individual‟s psychological profile and environmental factors, including character and the impact of a cultural environment. The electrical construction and maintenance industry differs from other similar industries in that the physical entity of electricity requires not only sensory perception for the identification and evaluation of risk factors, but also requires specialised knowledge and testing equipment to evaluate the parameters of electrical installation, plant or equipment. Without such competence, direct exposure to most electrical installations could be fatal. The optimum human resource (HR) solution for managing the risk potential of high risk-taking behaviour is the rating and allocation of specific job tasks that can match and limit the individual potential for risk-taking behaviour and the impact on organisational incident statistics. Maintaining and optimising employee job performance enables organisations to better achieve pre-set goals and missions. Such improvements being a catalyst for better job performance by setting limitations on high risk-taking behaviour, that will improve H&S performance by lowering incident rates.
Books on the topic "Risk-taking (Psychology) – Economic aspects"
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Bates, David S. The market for crash risk. Cambridge, MA: National Bureau of Economic Research, 2001.
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Barberis, Nicholas. What drives the disposition effect?: An analysis of a long-standing preference-based explanation. Cambridge, Mass: National Bureau of Economic Research, 2006.
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Carroll, Chris. Portfolios of the rich. Cambridge, MA: National Bureau of Economic Research, 2000.
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List, John A. Neoclassical theory versus prospect theory: Evidence from the marketplace. Cambridge, Mass: National Bureau of Economic Research, 2003.
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Scotchmer, Suzanne. Affirmative action in hierarchies. Cambridge, MA: National Bureau of Economic Research, 2005.
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Barberis, Nicholas. Prospect theory and asset prices. Cambridge, MA: National Bureau of Economic Research, 1999.
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Bebchuk, Lucian A. Regulating bankers' pay. Cambridge, MA: Harvard Law School, 2009.
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Bebchuk, Lucian A. Paying for long-term performance. Cambridge, MA: Harvard Law School, 2009.
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Gruber, Jonathan. Risky behavior among youths: An economic analysis. Cambridge, MA: National Bureau of Economic Research, 2000.
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Kaplow, Louis. Incentives and government relief for risk. Cambridge, MA: National Bureau of Economic Research, 1989.
Find full textBook chapters on the topic "Risk-taking (Psychology) – Economic aspects"
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Brown-Iannuzzi, Jazmin L., and Stephanie E. McKee. "Economic Inequality and Risk-Taking Behaviors." In The Social Psychology of Inequality, 201–12. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-28856-3_13.
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Bernays, Sarah, Allen Asiimwe, Edward Tumwesige, and Janet Seeley. "The Drive to Take an HIV Test in Rural Uganda: A Risk to Prevention for Young People?" In Social Aspects of HIV, 265–76. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-69819-5_19.
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AbstractA key component of current global HIV prevention efforts is widespread HIV testing. This strategy in part reflects the focus on the broader global targets to eliminate AIDS by achieving high rates of viral suppression. In this chapter we look at young people’s engagement with HIV prevention options in South-West Uganda. Taking a qualitative approach, using repeat in-depth interviews and participatory workshops with 50 young people aged 16–24 years old, we reflect on their accounts of how they navigate risks and opportunities within their daily lives. These risks include HIV-acquisition, but also the harms of economic precarity. Within a context in which using HIV prevention methods, such as condoms or abstinence, were for various reasons severely compromised by their contextual realities, some young people reported relying on irregular HIV testing as their singular method. The young people’s accounts demonstrate that an unintended consequence of the ‘push’ for HIV testing may be the justification of its replacement of other behavioural prevention strategies. This case study illustrates what impact such biomedical interventions may have if implemented as a priority and in isolation from the structural drivers of vulnerability: the social context of young people’s lives.
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Ricciardi, Victor. "The Role of Group Psychology in Behavioural Finance: A Research Starting Point for Banking, Economic, and Financial Historians." In Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, 269–92. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-42076-9_12.
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Joly-Burra, Emilie, Sezen Cekic, and Paolo Ghisletta. "Joint Longitudinal and Survival Models to Study Vulnerability Processes." In Withstanding Vulnerability throughout Adult Life, 391–411. Singapore: Springer Nature Singapore, 2023. http://dx.doi.org/10.1007/978-981-19-4567-0_24.
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AbstractIn many life-course research fields (e.g., sociology, psychology, economy, medicine, epidemiology) data often include repeated assessments of a variable and a dichotomous indicator of an event of interest. Such data naturally lend themselves to answering questions concerning the associations between individual trajectories and the occurrence and timing of discrete events. For instance, is one’s trajectory of health satisfaction spanning over dozens of years related to the risk of dying at a given age? Mixed-effect and survival models are well established to separately study such variables: mixed-effect models can conveniently be applied to characterize one’s trajectory, whereas survival models are ideally suited to study the risk of an event occurring. Joint longitudinal and survival models conveniently allow studying the associations between statistical characteristics of individual-based trajectories and individual survival features. In this chapter we first describe aspects of both longitudinal and survival models, to then discuss how the two can jointly be estimated, and thereby conditioned on each other, in joint models. We illustrate joint models on data from the publicly available Swiss Household Panel.
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Slatvinskaia, Valeriia, and Nikolai Vasilenko. "RISK FACTORS ON WATER TRANSPORT." In Priority areas for development of scientific research: domestic and foreign experience. Publishing House “Baltija Publishing”, 2021. http://dx.doi.org/10.30525/978-9934-26-049-0-34.
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The subject of the study is transportation by waterways, in particular, the activity of sea and river transport in conditions of occurrence of unfavorable conditions, the interaction of the ship's crew and the behavior of ship personnel when making decisions on water transport, manifestations of risky events and negative consequences on waterways, decision-making by the boat master in stressful, force majeure, regular and emergency situations. Methodology. The activity of water transport is inherently a complex system. At the same time, it is even more complex than the organization of IT technologies. Given this, the methodology for studying water transport risk factors is comprehensive. Among the constituent elements, we note: An interdisciplinary approach using the methods of risk theory, Probability Theory, risk management theory, transport law theory, IT law theory, psychology, etc. The aim of the study is to find out the risk factors inherent in the water transport industry. Risks in water transport are difficult to predict since foresight is not always an objective category. The objective side of risk in this case is manifested in the fact that it reflects real-life phenomena, processes, and aspects of life. The objective side of risk is since the risk exists regardless of how it is realized, considered, or ignored. The objective side is determined by the probabilistic nature of many processes, and the multivariance of relations. In addition, the risk remains associated with the choice of certain alternatives, calculating the probabilities of their outcome. So, from this understanding it follows that its nature is broader and is associated with the laws of development of the external and internal environment of the organization, as well as with the presence of contradictory trends, imperfection, spontaneity and randomness of events and phenomena. This means that there is and manifests another side of risk – the subjective one. It is obvious because people perceive the same state of risk differently due to different psychological, moral, ideological, religious principles and attitudes. Here, the manifestation of the subjective side is also not in doubt. At the same time, the operation of water transport in a modern economic format requires anticipating and preventing crisis phenomena, reducing the negative consequences of internal and external factors. For an objective assessment of the risks of water transport activities, it makes it necessary to choose effective methods of managing them and requires an adequate scientifically based classification of risks, taking into account the specifics of the functioning of water transport enterprises. The scientific novelty is as follows: for the first time, risk factors in water transport are analyzed; for the first time, it is proposed to consider the behavior and necessary competencies of a ship operator when operating a ship in an emergency situation from the point of view of social engineering; the previously proposed indicative risk factors associated with maritime navigation are supplemented; it is proved that the risks that arise during navigation are fundamentally related to unfavorable living conditions (functioning of the team organization under the sole chairmanship of the captain, as well as his ability and the ability of ship officers to make the right decisions not only in regular situations but also in force majeure conditions (emergency situations). Risks in navigation in emergency situations are caused by dangerous phenomena (force majeure) in the natural, man-made and social environment caused by negative trends in the development of events that lead to dangerous crisis situations when it becomes necessary to take the right actions to overcome the danger.
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Romer, Daniel, and Atika Khurana. "Measurement of Risk Taking From Developmental, Economic, and Neuroscience Perspectives." In Reference Module in Neuroscience and Biobehavioral Psychology. Elsevier, 2020. http://dx.doi.org/10.1016/b978-0-12-819641-0.00025-6.
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Weiner, Sara P., and Melissa McMahan. "Action Taking Augmented by Artificial Intelligence." In Employee Surveys and Sensing, 338–54. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780190939717.003.0021.
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Taking action is unequivocally the most important aspect of any employee survey program. Many organizations struggle to achieve adoption and accountability and, in turn, to realize meaningful change. In our rapid-cycle economy, organizations need solutions to nimbly respond to the changing expectations and needs of customers, employees, and managers. Advances in the use of artificial intelligence (AI) have the power to be a game changer if coupled with evidence-based and forward-thinking industrial and organizational psychology practices. We propose an action-taking approach summarized as take action that matters, communicate, and repeat frequently. AI has greatly facilitated our ability to quickly determine the actions that will matter most and empower managers and employees toward real-time action taking. AI can deliver real-time prescriptive and predictive analytics, provide greater insights and guidance to managers, leverage natural language processing, and free human resources departments to focus on coaching and systemic issues, which together drive agile practices to achieve meaningful change.
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Stern, Stephanie M., and Daphna Lewinsohn-Zamir. "Takings." In The Psychology of Property Law, 85–114. NYU Press, 2020. http://dx.doi.org/10.18574/nyu/9781479835683.003.0004.
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This chapter discusses key aspects of takings law from a behavioral perspective and employs psychological insights to critically analyze existing legal rules and theories. The chapter highlights various factors that affect the perceived legitimacy of the taking and its adverse impact on property owners. In addition, the chapter addresses two central topics from a behavioral perspective: (1) When should compensation be paid? and (2) what constitutes just compensation? It shows that current compensation rules unjustifiably distinguish between different types of injuries to property, and that the risk of systematic undercompensation of property owners is more severe than commonly realized. These phenomena may have detrimental effects in terms of both efficiency and fairness.
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Tomchuk, Olena, and Viktor Tomchuk. "ANALYTICAL TOOLS OF FINANCIAL RESULTS IN THE CONDITIONS OF RISK-ORIENTED MANAGEMENT." In Theoretical and practical aspects of the development of modern scientific research. Publishing House “Baltija Publishing”, 2022. http://dx.doi.org/10.30525/978-9934-26-195-4-10.
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The purpose of the article is to substantiate theoretical provisions and practical foundations for improving the organization and methods of economic analysis of the formation of financial results in the conditions of risk-oriented management. Methodology. Methods of theoretical generalization and concretization, Internet resources have been used in this study. Results. There have been distinguished some approaches to the analysis of financial results of enterprises in such areas as the assessment of the level, dynamics and structure of financial results and indicators forming them, i.e. income and expenses; analysis of the financial results of operating activities as the main activity of the enterprise; determination of the influence of key factors on the formation of the financial result of the business entity and profitability analysis. The stages of analysis of financial results, tools for their implementation, the results obtained and possible management decisions are revealed. Analytical evaluation provides an opportunity to generate a significant amount of information necessary for the implementation of management decisions on the formation, distribution and use of financial results. A conceptual approach to implementation of analytical evaluation of financial results is proposed, which will help the company’s management to identify unusual transactions or events, as well as amounts, indicators and trends that may indicate atypical circumstances in the formation, distribution and use of financial results. Budgeting of financial results in the conditions of risk-oriented management is substantiated. Formation, dynamics and change of financial results and profitability of “Kurland LLC” are analyzed. Interconnectedness of the components and coherence of the main tasks and objectives of economic analysis of profits in risk-oriented management, strategic analysis and adaptive financial mechanism aimed to ensure profitability of enterprises are revealed. It is proposed to carry out the forecast value of financial results at the enterprise taking into account various factors of influence, including those caused by risks, by means of the correlation-regression analysis. Practical implications. A formed mechanism of risk management identification is the basis of formation of the system of measures from the standpoint of managers of various hierarchical levels as well as realization of operative administrative influence on operations with the increased degree of risk. Value/originality. Risk-oriented approach to the organization of economic analysis of profits enables to identify both external and internal risks, identify key ones, develop an appropriate management model to neutralize, reduce impact and prevent them. The study of peculiarities of the budgeting system under conditions of risk-oriented management has revealed the need to develop a single effective coordinated budgeting system in order to achieve competitive advantages in the market, in accordance with the requirements of the modern concept of integrated management. The use of correlation-regression analysis enables to identify the nature of changes in the financial results caused by the effect of factors of influence, both together and separately with each factor identified.
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Mortelmans, Dimitri. "Relationship Dissolution Among Adults." In The Oxford Handbook of Evolutionary Psychology and Romantic Relationships, 797—C30.P239. Oxford University Press, 2023. http://dx.doi.org/10.1093/oxfordhb/9780197524718.013.30.
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Abstract The end of a marriage or cohabitation is an intrusive life course event witnessed within a substantial number of romantic relationships. The uncoupling of relationships has transformed the family lives of both adults and children in most Western countries for the past half-century. This chapter first looks into the phenomenon from a legal perspective delineating when a breakup is witnessed and registered. Next, we examine both the causes and the consequences of breakups. For antecedents of divorce, we focus on intergenerational inheritance of breakups, educational attainment, economic risk factors, personality, and health. We also touch upon protective factors in a relationship that decreases the risk of ending a relationship. When taking consequences into account, the chapter is limited to adults. The chapter describes the financial consequences of divorce, their health, networks and lone parenthood, and poverty after divorce. The chapter concludes with a prospect of the future of this field.
Conference papers on the topic "Risk-taking (Psychology) – Economic aspects"
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Stefanescumihaila, Ramona olivia. "ADVERTISING PSYCHOLOGY VERSUS LIFELONG LEARNING." In eLSE 2014. Editura Universitatii Nationale de Aparare "Carol I", 2014. http://dx.doi.org/10.12753/2066-026x-14-130.
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Every time we open a newspaper or we turn on the TV, we see sellers of almost identical products spending huge amounts of money in order to convince consumers to buy their brands. Advertisers are not in a position to enforce consumption on a target group, but they have the power to dominate by transmitting their messages through television programmes, magazines and other media. Having proven its force in the movement of economic goods and services, nowadays, advertising has been directed in increasing quantity towards matters of social concern. Furthermore, modern advertising is a complex segment of urban industrial civilization, reflecting contemporary life in its real aspects. Advertising has changed in its culture, due largely to the switch from informational to a more expressive conceptual way of communication with consumers. This change has offered the audience less cognition about products and more sensory orientated heuristics about positions, branding and ethical standards of companies. The purpose of the research is to develop a framework for an analysis of new media advertising that focuses on its social implications and its switch from a pure contextual aspect to hybrid, a bridge between types of informational and emotional advertising which refined the way consumers make decisions about products and services. This assessment will perform analyses of a real balance between ways to persuade consumers and, their belief and feelings. Is advertising a business or a risk? What does the advertising professional rely on when "giving life" to a product? to what extent will the psycho-sociology of a commercial influence competitiveness? When a product is far from convincing, will advertising resort to manipulation, creating "new needs"? How difficult is to preserve one's personality on a market where selling and buying is done through the eyes of the "watcher" - an accomplished creator continuously fighting a psychological struggle for a place in the consumer's mind?
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Hornung, Severin, Matthias Weigl, Britta Herbig, and Jürgen Glaser. "WORK AND HEALTH IN TRANSITION: TRENDS OF SUBJECTIFICATION IN APPLIED PSYCHOLOGY." In International Psychological Applications Conference and Trends. inScience Press, 2021. http://dx.doi.org/10.36315/2021inpact056.
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"Reported is the synthesis of a series of seven studies on work and health, conducted collaboratively by researchers in applied psychology and occupational medicine. This qualitative meta-study develops a framework, in which reviewed studies are structured, aggregated, integrated, and interpreted in a theory-guided iterative process of themed analysis. Building on empirical results, the subsequent interpretive integration seeks to demonstrate, how overarching, pervasive, and in psychological research typically underemphasized tendencies of “subjectification” manifest in exemplary work contexts, research topics, and results. Subjectification of work is operationalized in dimensions of work intensification (performance focus), work internalization (goal adoption), and work individualization (job personalization). A meta-dimension is work insecurity (personal risk), cultivated in contemporary management ideologies of employee self-reliance. Following thematic description, content-analytical structuring criteria include: a) focus on work task (activity) versus working conditions (context); b) primary (close, direct, explicit) versus secondary (inferred, indirect, subtle) references to and/or indication for identified tendencies of subjectification; and c) theoretically assumed and empirically examined relationships with negative (psychopathological) and positive (psychosalutogenic) short, medium, and longer-term attitudinal and health-related work effects, as well as the personality-shaping impact of long-term occupational socialization. Psychological aspects of work tasks are core to 4 studies, 3 focus on working conditions and organizational practices. References to intensification were dominant in 4 studies, whereas 5 include internalization processes, and 3 predominantly focus on individualization of work. All studies share secondary or indirect references to other subjectifying tendencies. Examined work effects were aggregated into a matrix of short, medium and long-term positive and negative manifestations of health and wellbeing. Results suggest tensions and pressures arising from the motivational individualization of work tasks and conditions, resulting internalization of organizational interests and goals (e.g., performance, efficiency, costs), coupled with system-inherent tendencies of work intensification. These dysfunctional dynamics constitute risks factors for psychologically detrimental or harmful forms of self-management, self-control, and self-endangering work behavior, as manifestations of “internalized” incompatibilities between work and health in the neoliberal workplace, aggravated by existential threats associated with political-economic crisis. Outlined are implications of subjectification for a critical reevaluation and reorientation of basic theoretical assumptions of research and practice in applied psychology and occupational health."
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Öztopçu, Aslı. "The Role of Emotions in Economic Decision Making." In International Conference on Eurasian Economies. Eurasian Economists Association, 2019. http://dx.doi.org/10.36880/c11.02259.
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Decision making points out to the consequences of past or future behaviors. An individual has to make decisions on all subjects throughout his life. An important part of these decisions are economic decisions. Individuals make decisions such as renting, buying, buying new goods, migrating, changing jobs, making investments, enterprise, choosing holidays, evaluating savings. Non-rational decisions are observed although individuals should make rational decision, according to mainstream economics.
In this study, the effects of the emotions that form the basis of psychology, such as time, option constraint, opportunities, risk taking, risk aversion, procrastination, rush, or uncertainty, inconsistency, intuitive movement, cognitive error in the decision-making process of individuals are discussed. For this purpose, the characteristics of decision-making process, individual effects of cognitive of emotions, individual decision making theorems in economic theory and behavioral economics literature are mentioned. It is thought that the role of emotions that shape behaviors should be known in the regulation of economic life that is determined according to human behavior.
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Sokolova, Olga, Ilya Aleksandrov, Natalia Mityaeva, and Svetlana Zakharova. "Trends and prospects for further development of investment processes in Russia and its regions at the present stage." In "The Caspian in the Digital Age" within the framework of the International Scientific Forum "Caspian 2021: Ways of Sustainable Development". Dela Press Publishing House, 2022. http://dx.doi.org/10.56199/dpcsebm.grfk1269.
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The article attempts to assess the impact of investment processes on the development of the Russian economy at the present stage. The diversification of regions when it comes to economic growth rates is largely due to the dynamics of investment processes as well as the erratically characteristics of the investment climate. Investment-attractive regions, formed as an economic core, have all the prerequisites for further economic growth alongside attracting investment. The regions with the highest investment risk and low economic potential despite the support measures taken by the state, still remain at risk having a small amount of investment being attracted. To bridge the gap in investment processes between regions, the Government calls for paying thorough attention to the challenging aspects of each region and take an individual approach towards the formation of innovation and investment infrastructure in every region. The onset of the COVID-19 pandemic in 2020 led to an alteration in most forecasts alongside the conditions for investment activities and prospects for the development of investment processes. In the meantime, as far as the medium-term growth of the Russian economy is concerned, there are quite favorable conditions, regardless of the current economic sanctions and the consequences of the pandemic caused by the COVID-19 coronavirus infection. The key issue in terms of the investment area is the lack of readiness of most regions for large-scale investment projects and the low interest of private investors. This study shows the significance of a balanced development of investment processes, the necessity to provide targeted support to the least investment-attractive regions and the overall improvement of the investment climate. The core directions of investment processes and their impact on the economy are highlighted. The main problems alongside possible prospects for the development of investment processes in Russia taking into account the new realities are outlined. The improvement of the investment mechanism will contribute to the creation of competitive products, the development of production capacities and the increase of the country's economic potential amid coronavirus restrictions and in the post-pandemic period all in all.
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Mascagnini, Carlos, Aaesha Khalfan Al Keebali, Siqing Xu, Humberto Parra, S. K. Masalmeh, Muhammad Chughtai, Satya Perumalla, et al. "Onshore Abu Dhabi Carbonate Saline Aquifer CO2 Storage - An Integrated Technical Feasibility Study." In ADIPEC. SPE, 2022. http://dx.doi.org/10.2118/210812-ms.
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Abstract Carbon capture and storage (CCS) is recognized as an important technology in the decarbonisation of the energy system and saline aquifers are potential geological storage candidates. A major integrated feasibility study was conducted to screen and rank carbonate saline aquifer candidates for subsurface CO2 storage, onshore Abu Dhabi. The objectives were to obtain a range of potential CO2 storage capacities and annual injection rates and establish CO2 technical feasibility by integrating subsurface, well performance, cap rock integrity and economic analysis. A candidate screening matrix was developed taking into account onshore Abu Dhabi saline aquifer geological characteristics. Saline aquifers "A" and "B" within the syncline area were among the highest ranked candidates. A large-scale 3D static model was developed, utilising seismic and well data. Extensive CO2 storage simulation runs were performed, covering sensitivities and capturing major storage process/mechanisms applicable to carbonate formation. Combining geomechanics, geoscience, well performance, integrity and dynamic modelling, a CO2 storage site design was completed with slanted/horizontal injectors drilled radially from a centralised well pad. Ranges of CO2 storage capacity and maximum injection rates were obtained, depending on number of injectors and accounting for water offtake in nearby areas. Additionally, CO2 plume migration within several tens of thousands of years was simulated to aid CO2 containment assurance. Separate studies were performed to locate potential CO2 storage surface sites and used as part of the input for CO2 pipeline and surface facilities high level design. CAPEX, OPEX and abandonment cost estimates were generated as input for economic analysis. A multi-disciplinary risk assessment was performed, identifying potential risk factors throughout the life cycle of CO2 storage. De-risking and mitigation measures were considered and a detailed measurement, monitoring and verification (MMV) plan was developed. This paper presents the first integrated study on saline aquifer CO2 storage technical feasibility in this syncline area. A novel integrated workflow is employed, from initial candidate screening through dynamic modelling, surface facilities and risk assessment to recommendations for additional data acquisition. Key aspects which improved on published major international CO2 sequestration assessments are highlighted. The results and conclusions offer valuable insights for other Operators considering or planning CO2 sequestration in saline aquifer projects.
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Rylance, Martin. "Overflush and Fracturing: Playing Poker with your Completion." In SPE Hydraulic Fracturing Technology Conference and Exhibition. SPE, 2023. http://dx.doi.org/10.2118/212342-ms.
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Abstract Since the inception of hydraulic fracturing, the industry has wrestled with the concept of over/under- flushing, and has always pitched this as a binary philosophy, attempting to determine/define that this is either a fundamentally good or a bad approach. This schism simply grew with the extensive development of unconventionals; the use of overflush being an inherent and fundamental requirement for an effective and economic unconventional completion sequence. This paper will demonstrate that the true answer, as any engineer would expect, is that a detailed assessment is what is required and on a case-by-case basis. The paper will describe and reference several fracturing case histories, in both the Conventional and Unconventional environments, where the application of an overflush, an underflush or an engineered approach have been assessed or applied. Rather than taking an easy headline grabbing route to perpetuate the myth that the process is a major paradigm, or simply either a good or a bad thing. This paper will discuss some of the key aspects that impact the suitability of one approach over another; and how engineering the implementation can lead to a broader range of applicability/suitability for the most economically effective outcome. This includes an appreciation of the production/economic profile and exposure to risk, which is hugely different in say an ultra-deep-water five well offshore development vs. a field development with some 100s – 1,000s of wells in a lower-cost onshore environment. The paper will describe and demonstrate some of the fundamental variables that need to be considered; attempting to elaborate on a few of the key parameters which can influence the effective outcome. The paper will also indicate that there are several different scenarios whereby any form of overflush can result in a detrimental impact on the production rate and EUR, and that these must be fully appreciated. Subtleties, related to reservoir characteristics and fracture geometry; should be examined and appreciated. Additional aspects such as how the production, drawdown and pore-pressure will be managed can also have an impact. All these considerations, and more, will be discussed, described, and referenced. While there is no doubt that the overflush debate will continue unabated, the intent of this paper is to reduce the damage (or uncertainty), one way or the other, that will result. It is an attempt, at a minimum, to ensure that the debate becomes solely a technical one related to the approaches to be taken rather than a black and white one of right or wrong. Ultimately, the paper will advise, and inform, that the approach should be fully considered, engineered in detail and tailored to each and every application and that as a result is no longer simply considered a binary question.