Role of Cognitive Processes, Emotional Regulation, Attention, and Intrinsic Motives in explaining the underlying Mechanism and Dynamics of Value Premium: A Mispricing Perspective

Is the investor\u2019s reliance on cognitive processes and emotional regulation strategy predict preferences towards the selection of value versus growth stocks? Is the value premium vary across the level of investors\u2019 attention? Is the value premium dependent on mispricing signals manifested in the firms\u2019 intangibles-intensity? Investor\u2019s Intrinsic Motives and the Valence of Word-of-Mouth in Sequential Decision-Making

Design of an information system that connects retail banks and customers

The Swedish company Skyforge Financial Solutions AB (www.skyforge.se) is working on the new product MyBudget that will be part of an internet banking solution. The current version of the software extracts the spending information from the bank's transactions and then organize it graphically. My work is aimed to design a new concept the next major vision of MyBudget. It will be analyzed the stream of information between banks and customers, it will be evaluated if it is possible to have a deeper analysis of the available information about the customers so that the banks can improve their business, and then there will be some comments about the implication of the usage of this prototype by the customers in their way of spending money. The policy of research agreed with the company is to nd a "win-win" solution between banks and customers. Both of them should receive more information and then more advantages. MyBudget will have the technology that will make this possible. Sweden and nordic countries will be the rst reference market. The best practices of money management will be borrowed from companies processes to design solutions to improve the banks' customers spending behavior. This thesis is based on the work done in my whole university career but, mostly in the following courses taken in Lund University: - Strategic Management and Information Systems - Decision Support Systems - Design of Business Rules Systems - Business Intelligence and Securit

COOPERATION OR COMPETITION: A STUDY OF SOCIAL CAPITAL AND PRODUCTION DECISION UNDER POTENTIAL VERTICAL COMPETITION

Since the 2000s when retailers recognised the huge market potential, the growth of private labels has been unstoppable worldwide. As a result of the recession of national brands, manufacturers are in a relatively weaker position when dealing with large retailers. The relationship between manufacturers and retailers has transformed from pure cooperation to a delicate balance of cooperation and competition. Yet, how such a balance influences supply chain dynamics is an intriguing and overdue issue. This thesis explores the influence of social capital over manufacturers’ perceptions regarding their retailers’ trustworthiness in the presence of potential vertical competition, as well as the consequential performance from the perspective of cognitive abilities. Data was collected through an online scenario-based role play (SBRP) experiment, where 371 participants were recruited and put in three groups. In each group, participants were provided with a scenario depicting the product substitution level between a newly launched private label and a national brand. The data was analysed statistically to test the hypotheses. The results identify relational capital as the most influential dimension of social capital in suppressing manufacturer’s perception of opportunistic information sharing behaviour from retailers, and suggest that such suppression is moderated by the level of product substitution between private labels and national brands. This thesis has reference value to academia by looking into the overlapping issues of supply chain management and marketing and providing empirical evidence of the influences induced by the introduction of private labels. It also benefits industry, especially manufacturers, by giving a brief standard regarding whether to cooperate or compete when faced with potential vertical competition with retailers

Mindful Teachers: Case Studies of Intermediate Teachers and Their Mindful Teaching Practices

For generations, educational philosophers, parents, business people, and practitioners have argued that public schools promote mindless standardization that stifles creativity, curiosity, and enthusiasm for learning. The case has been made that instead of mindlessness, schools should be a place where mindful individuals can flourish. Langer (1989, 1997) described mindful individuals as displaying the following characteristics: (a) openness to novelty, (b) alertness to distinction, (c) sensitivity to different contexts, (d) awareness of multiple perspectives, and (e) orientation in the present. Langer (2000) states that mindlessness might be described as a lack of these attributes. The purpose of this research was to paint a picture of mindfulness in education by studying three teachers who have been identified as mindful. This research examined what it means to be a mindful teacher by exploring the teaching practices that three mindful teachers displayed. To accomplish this goal, three intermediate teachers were observed over a three-month period. Interviews and an analysis of classroom documents were also conducted in order to ascertain common teaching practices that mindful teachers share. Longitudinal case studies showed that these three mindful teachers shared several characteristics. First, they emphasized process over outcome in problem solving. Secondly, the teachers gave students choices in the mode they used to complete classroom assignments and choices in the social settings in which these assignments were completed. Thirdly, the teachers all encouraged elaboration of thinking through effective questioning and modeling metacogntive strategies. Lastly, the teachers facilitated a similar classroom atmosphere. Few classroom management or behavior issues were noted. Emphasis was placed on building relationships with students, creating an atmosphere of fun, and having the ability to attend to multiple tasks at one time. Encouraging mindful teaching practices would have many implications on the field of education. These implications include: (a) a change in assessment practices from a linear standardized based assessment to a more open ended assessment, (b) an alignment of mindfulness with current constructivist theories and instructional practices, and (c) encouraging faculty and staff in higher education to develop relationships and connections with each other and their students

Robo-Advisory and Decision Inertia - Experimental Studies of Human Behaviour in Economic Decision-Making

Investing in the stock market is a complicated and risky undertaking for private households. In particular, private investors face numerous decisions: for instance, whether to invest in stocks or bonds, buy passively or actively managed investment products, or try something new like Bitcoin. They must decide where they can get independent financial advice, and whether this advice is trustworthy. As a consequence, information systems researchers design and build financial decision support systems. Robo-advisors are such decision support systems aiming to provide independent advice, and support private households in investment decisions and wealth management. This thesis evaluates robo-advisors, their design and use and thus their ability to support financial decision-making. Addressing this research need, my thesis is organized in three parts (part I-III ) consisting of four quantitative experimental studies, two qualitative friendly-user-studies, and one qualitative interview study. In Part I, Chapter 3 examines how robo-advisors can be designed for inexperienced investors. In particular, I derive design recommendations for the development of robo-advisor solutions and evaluate them in a three-cycle design sciences process. Requirements related to the clusters ease of interaction, work efficiency, information processing and cognitive load are identified as key elements for robo-advisory design. In Part II, Chapter 4 focuses on an important bias in economic decision-making - decision inertia, the tendency to repeat a decision regardless of the consequences. As a result, a decision-maker can make repeated suboptimal investments. To understand this bias more deeply, I investigate decision inertia in a general experimental setting and identify motivational and cognitive drivers of this phenomenon. Thus, I relied on behavioural, on self-reported, and on bio-physiological measures in three laboratory studies. In Part III, Chapter 5 specifies the findings from Part II to find and evaluate strategies to reduce decision inertia in financial decision support systems. For that purpose, I investigate two nudges (design features) to reduce inertia in investment decisions. My results suggest that defaults and warning messages can help participants to overcome decision inertia. Furthermore, the results illustrate that designers have to be careful not to push decision-makers into the decision inertia bias by accident. In summary, this thesis gives design recommendations for practitioners and scholars building robo-advisors. The insights can help to develop robo-advisors, and to increase advisor quality by considering decision inertia in the system design phase and consequently, it illustrates how to counteract this malicious decision bias for private investors

STUDENT LEARNING ASSESSMENT

STUDENT LEARNING ASSESSMEN

데이터사이언스를 위한 확률과 통계

이 노트는 본저자가 2020넌 가을학기 서울대학교 데이터사이언스대학원에서 강의한 ‘데이터사이언스를 위한 확률과 통계(Probability and Statistics for Data Science)’ 과목의 강의 슬라이드를 모아서 출간한 것이

Blinded by the Light: Information Overload and Its Consequences for Securities Regulation

The tone of this Article and its policy suggestions are necessarily tentative. The concerns about information overload expressed here are part of a larger trend considering how our growing understanding of investor psychology and behavioral finance might impact securities regulation. Before arguing for major regulatory reform, there is still much to be learned about information overload and about investor psychology and behavioral finance generally. Indeed, I ultimately call for more empirical research to better understand how investors process information and make investment decisions. My goal here is to highlight that information overload is a real concern that should not be ignored