Irrational behavior of youth when taking financial decisions

Purpose: The article contains research on internal factors of irrational behaviour initiated by the objective to reveal correlation between individual and personal, psychological peculiarities and irrational behavior in life situations. Design/Methodology/Approach: The article is based on a hypothesis that there is a correlation between personal peculiarities and an irrational choice when students of economic HEIs make decisions of economic nature. Such life-purpose orientations as “Locus of control Me” and “Locus of control Life” are connected with irrational economic behavior. Findings: The study allows enriching the subject field of behavioral economics from the point of view of the specificity of economic and psychological characteristics, attitudes towards an economic choice, and the identification of emotional and personal indicators of irrational behavior. It has been revealed that the psychological characteristics of a person (mental processes, orientation of an individual, life-purpose orientations) influence students' irrational economic behavior. Practical Implications: The results of the study can be used by economic institutions (HEIs) in the selection of students for educational programs. The developed diagnostic game technique, the styles of irrational behavior described by the authors can be used in the practice of the educational process of economic HEIs or in assessing the propensity to make irrational economic decisions in other areas of human activity Originality/Value: The main contribution of this study is the clarification of factors of finacial behavior of youth.peer-reviewe

Artificial neural networks application in thermography

In this paper, we present an application of artificial neural network (ANN) analysis in the thermovision identification of the studied thermal fields. Precise thermal field identification plays an important role in distinguished technological processes, for instance in metallurgy. Our efforts were focused in this direction. Thermovision outputs are usually thermograms with a form of a quasi-coloured imaging record of an observed temperature field. A thermogram is usually registered and presented in a form of an electronic or printed image. The character of such a document is informational only, and real temperature values are difficult to detect. The exploitation of neural networks is advantageous, if it is necessary to express complex mutual relations among sensor-based data. More accurate results of the predictions of different metallurgical parameters with the exploitation of neural networks are based on the fact that the application of neural networks enables the assignment of relations among process parameters which cannot be traced using common methods due to their mutual interactions, the considerable amount of data, dynamics and the thus ensuing time demands.Papers presented at the 13th International Conference on Heat Transfer, Fluid Mechanics and Thermodynamics, Portoroz, Slovenia on 17-19 July 2017 .International centre for heat and mass transfer.American society of thermal and fluids engineers

Contactless method of specific heat capacity determination

The paper deals with theoretical and experimental aspects of the application of the lumped capacitance model (LCM) for the study of heat transport in different materials. The patented construction of the measuring chamber together with special software, the fundamental features of which are presented in this paper, enable the contactless evaluation of the specific heat capacity at the constant pressure cp. The time constant τ that determines the rate of cooling of the preheated sample is the fundamental value for determining of the cp. A new method of curve fitting was subsequently developed and implemented into the new software. All theoretical outputs were experimentally tested on a relatively large scale of materials with success.Papers presented at the 13th International Conference on Heat Transfer, Fluid Mechanics and Thermodynamics, Portoroz, Slovenia on 17-19 July 2017 .International centre for heat and mass transfer.American society of thermal and fluids engineers