Rational Man Research Articles

Empirical Research on the Impact of Open Fund Sheep Behavior on Stock Price Volatility

In the past, economic research took the “rational man hypothesis” as the premise, but in reality, this premise is difficult to hold. In a large number of financial practices, a large number of special phenomena that are inconsistent with standard financial theory have emerged. Behavioral finance is premised on the assumption of irrational people, and herd behavior is a relatively special irrational behavior. It refers to the behavior of investors who are influenced by other investors when the information environment is uncertain, imitate other people’s decisions, or rely too much on public opinion without considering their own information. Sheep behavior is a related behavior involving multiple investment entities, which has a great impact on the stability and efficiency of the market, and is also closely related to the financial crisis. Therefore, herd behavior has attracted widespread attention from academia, investment and financial supervision.China’s capital market started late. In 1990, the Shanghai Stock Exchange was established, marking the birth of China’s stock market, the distribution of market investors have changed again and again, unchanged is that the behavior of investment subjects has a strong similarity, at the same time, China’s fund market has persistent fluctuations.Whether there is a causal connection, this paper will focus on the development of China’s fund market, use LSV model and VAR test method to test and analyze the fund and stock trading data of Shanghai and Shenzhen from the first quarter of 2017 to the first quarter of 2022, and empirically study whether there is significant herd behavior in China’s open-end funds. On this basis, the impact of stock investment herd behavior on stock price volatility is empirically studied.Finally, according to the research conclusion, from the three aspects of investor investment rationality, the effectiveness of capital market and the optimization of market structure, suggestions on how to reduce the impact of the herd effect and the healthy and sustainable development in the future.

The Impact of Investor Sentiment on Corporate Investment

With the development of the capital market and the real economy, enterprise investment is getting more and more attention; enterprise investment and the survival of the whole enterprise have a close link, with more and more phenomena presented in the market, the traditional finance in the "rational man" and "market effectiveness With more and more phenomena appearing in the market, the assumptions of "rational man" and "market effectiveness" in traditional finance are not enough to give these phenomena a reasonable explanation, and the emergence of behavioral finance relaxes the assumptions and makes the theory able to explain financial anomalies in the real market. China's capital market started late, and individual investors accounted for most factors in their investor decision-making that tend to irrational investment. This paper discusses the impact of investor sentiment changes on listed companies' investment from the perspective of behavioral finance and analyses the theoretical modeling and empirical modeling from two perspectives. Firstly, there are more individual investors in China's capital market, and it is more novel to study the investment angle of the capital market from the perspective of investor sentiment, so this study has significance to the market; secondly, it discusses the literature review of the relationship between investor sentiment and listed enterprises' investment by scholars in the past, and analyses the former's impact on the latter from theoretical modeling and puts forward hypotheses; after that, we use empirical methods to prove whether the hypotheses are valid or not; and finally analyses the results of the empirical research, the shortcomings of this paper's research and the constructive suggestions and future research space for the topics discussed in this paper.

An Empirical Study on The Calendar Effect of The Shanghai Index in China

The premise of traditional financial theory is efficient market theory and rational man hypothesis, while the market anomaly which can not be explained by traditional financial theory such as the calendar effect poses a great challenge to traditional financial theory. This paper uses the daily closing price data of the Shanghai Composite Index from December 19, 1999, to May 6, 2022, to investigate the calendar effect of the logarithmic return of the Shanghai Composite Index. The research results show that China's Shenzhen stock market is inefficient and has a negative Tuesday effect, which empirically proves the non-efficiency of China's stock market and the calendar effect in behavioral finance in China's stock market.

Transcendentalism and Skepticism in Arun Kolatkar's Select Poems

Arun Kolatkar belongs to the canon of modern Indian poetry writing in English. He is the only well acclaimed Indian poet other than Kabir to be represented on the World Classics tittle of New York Review of Books. Kolatkar is well versed in both the Language Marathi and English. His poem Jejuri is a collection of thirty-one poem which traces humour in everydays matters. For Jejuri, Kolatkar earned the Common Wealth Poetry prize in 1976. The poem Jejuri presents Kolatkar's view on spirituality, religious experience and imagination. The poems of Kolatkar ironically present the natural imagery which in a way satirizes the society and its superstitious belief. Kolatkar highlights the pitful situation of modern man who has been entangled between the materialistic world and unable to find a peace of heart, mind and soul within himself. This paper critically analyses the three select poems of Arun Kolatkar- the Bus, the Priest, an Old Woman. All these poems highlights the surrealistic image and also focus on the individualistic approach. Kolatkar transforms his experiences into his works which presents the idea of individualism. Kolatkar presents the individualistic aspect in the poem through the protagonist Manohar who is not a hollow man of Eliot's The Waste Land but a modern educated and rational man, can be seen connected to the transcendentalist philosophy of Ralph Waldo Emerson. Thus, the paper tends to mark the transcendentalist perspective in the Kolatkar's poetry and also traces skepticism in his poetry.

FAKTOR KONSUMSI DALAM EKONOMI ISLAM

The foundation of Muslim consumer behavior is different from conventional consumers. This paper aims to find out how the consumption factor is in an Islamic perspective and its differences in a conventional perspective. This paper uses a qualitative descriptive approach with a literature study for data collection. Conventional consumers emphasize maximum satisfaction and efforts to fulfill needs and desires without restrictions. In contrast to Muslim consumers who have limitations in their consumption activities and strive to achieve optimal maslahah levels. Humans as rational man in conventional economics, and as Islamic man in Islamic economics. This also results in a difference between needs and wants.

Effect of heterogeneous investment induced by payoff and emotion on cooperation in public goods games by considering memory decline effects.

Payoff, emotion, and historical memory directly determine investment decision-making for incomplete rational men in a public goods game (PGG). How these factors affect investment and cooperation behavior has not been investigated yet. Thus, we proposed a new investment model involving theses three factors to examine its coupling effect on cooperation in PGG. An emotional increment was employed to describe the emotional change in every round by supposing an investor' pleasure to a cooperator but regret to a defector. Furthermore, an emotional index was formed by accumulating these historical changes with a memory decline effect. Then an investment formula was proposed by considering this emotional index and a historical payoff. Moreover, the cooperation level affected by these factors was investigated. Results show a mutually reinforcing relationship between emotional and payoff investments. A poor memory capacity coefficient allows defectors to change their behaviors but produces some opportunists. A large memory length results in a high cooperator fraction but is not suggested to be too large.

Becoming Human: Matter and Meaning in an Antiblack World

Becoming Human: Matter and Meaning in an Antiblack World

Moral Principles that Christianity Implies

The Ancient sages regarded charity as the way of life and cherished it. Charity is regarded as a set of rules of morality. It can be said that virtue gradually cultivates man. It was the belief of the ancients that virtue gives creativity and encouragement to achieve the goal of human life, 'Salvation'. The ethical principles of such a belief are found in John Palmer's Christianity. The literature reveals that charity is rooted all over the world. From Sangam literature to modern literature, it speaks of charity. Charity is the foremost of all things. It is deeply ingrained in everyone's heart. Whether realize it or not, they do not follow. He who realizes it grasps it and seeks the truth. He does the real thing He feels the conscious one clings to charity. Charity is static and can be established everywhere, reflecting morality in a rational man It is a virtue that motivates one to think, such as the expression of impermanence. Charity is the standard way. Scholars have compiled many wonderful kinds of literature on ethics. They are the crutches that give birth to extensive and sustainable ways among human beings today. Charity highlights ethical considerations. Ethical ideas reflect, speak and bring out the sustainable lives of people. It makes people aware of the unstable world and leads to salvation. This article deals with doing good work as a moral principle, emphasizing charity, expressing gratitude, conveying impermanence, and loving. In literature, the flow of life is moral ideas. There is a lot of literature that is rich in ethical ideas. From the Sangam period to modern literature, many things are highlighted about the virtues to be followed by human beings in life. Thus, it reveals the moral principles laid down in the epic literature of Christianity.

교육과 결혼문화

The article argues at the center of Mansfield Park is the “mental superiority” of its heroin. Her intellectual education is what makes her a woman of mental superiority and, as its natural consequence, good taste and correct moral judgment. She as such is presented as an ideal spouse for the so-called rational man. As a way of promoting her as an ideal spouse, the novel adopts a negative approach. Instead of a romantic story involving its protagonists, the novel develops two romantic stories, each constructed around an “elegant” “alluring” woman and a young man with pleasant but essentially false “gallantry”. Both of them, not the protagonists, are trashed away in the end as embodiments of the ‘wrong’ traditional education for women and the courtship culture closely related to it. Together with the negative approach, the novel adopts the retrograde storytelling technique for conveying its main message for women’s education, imparting an anti-romantic nature to the novel.

A Study of the Determinance of the Type of Personality in Albanian Individual Investor Decision-Making

Traditionally, classical finance theories have argued that investors are rational and not influenced by human factors when making financial decisions. Recent developments in the field of finance, such as the anomalies that occurred and occasional financial crises took place, raised skepticism among researchers changing their approach towards traditional theories, as these theories failed to explain or predict unexpected developments in the markets, thus not supporting the unrealistic assumption of rational man (homo economicus). The research work for this new field of finance belongs to the recent decades. More specifically, there are quite a few studies in Albania due to the presence of an underdeveloped financial market. In the multitude of different factors, which influence the financial behavior of the investor, most of the research in the field of financial behavior is dedicated to the study of psychological biases. The topic of this study focuses on the impact of the personality type of individual investors on their decisions to invest in financial assets offered in Albania. The study is composed in the same logic line as that of the purpose and the research question raised. Quantitative strategy is used to answer the research question and draw conclusions. Descriptive and regression analysis was used through R-programme to identify the significance of the type of personality in Albanian individual investor behavior. We use the questionnaire as an instrument to collect data. Big Five Personality Model is chosen as the measurement scale. Only coherent data that remained after the reliability test (Cronbach Alpha), will be further used in regression statistical analysis to examine their impact on investor behavior. The analysis shows that the type of personality affects individual investment decisions in financial assets. More specifically Extraversion, Conscientiousness, and Neuroticism affect the amount of money invested in the asset. 'Openness' and 'Neuroticism' affect the level of certainty investors perceive for the investment made in financial assets.

Social Network, Production Purpose, and Biological Pesticide Application Behavior of Rice Farmers

The extension and diffusion of the green production mode in rural areas forms the micro basis for improve the ecological environment. While government has issued a series of policies to promote the green production mode, the effect depends on farmers’ behavior. Therefore, it is necessary to explore the causes and mechanisms underlying the influence of farmers’ behavior differences with regard to biopesticide application. Based on 1202 sampled rice farmers in China, this paper analyzes the impact of social network on their biological pesticide application behavior. Furthermore, the internal transmission mechanism of social network on biological pesticide application behavior of “ration-making” farmers (whose main purpose is to meet the demand for rations) and “profit-making” famers (whose main goal is to maximize their profit) is studied according to different production purposes. The results show that: 1) Social network has a significant positive role in promoting rice farmers’ biological pesticide application behavior. 2) Social network encourages rice farmers to apply biological pesticides by influencing both their behavioral attitude and behavioral efficacy toward green production. 3) The intermediary effect of behavioral efficacy exceeds that of behavioral attitude. 4) Compared with “profit-making” farmers, the biological pesticides application of “ration-making” farmers is stronger affected by their social network. Operation mode, operation scale, and educational level positively affect the pesticide application behavior of “profit-making” farmers, while age imposes a significantly negative influence. Biopesticide application of “ration-making” farmers is negatively affected by age and education level and positively affected by the mode of operation. 5) The behavioral attitude and behavioral efficacy of green production exert significant mediating effects on both types of farmers. Moreover, both intermediary variables exert stronger impacts on “profit-making” farmers. To a certain extent, this study expands the theoretical explanation of the “rational man” in neoclassical economics, and provides reliable evidence, both theoretical and empirical, for effective measures to stimulate green production in rice farmers.

HuManitarianism: Race and the overrepresentation of ‘Man’

AbstractThis paper explores the foundational role of race in humanitarianism, its historical geographies, genealogy, and contemporary practice. I pay particular attention to the work of Sylvia Wynter on the overrepresentation of (white bourgeois) Man in modernist understandings of the human that form the basis of humanitarianism in the present. Building on Wynter's work, I offer an alter‐historical geography of humanitarianism – locating its genus in the voyages of 1441 and 1492 – that unsettles other critical work on the colonial origins of humanitarianism as both a normative and instrumental form of governance and their geographies. In following what Wynter terms a “human view”, I explore the racist orderings of Rational Man and his irrational, racialised “others” that work to structure humanitarianism's subjects. Alongside this, I consider the parasitic relations of humanitarianism to the negation of life enacted through the genocide of Black and Indigenous peoples, arguing humanitarianism's claims to save lives and relieve suffering cannot be divorced from conquistador violence. I argue that grappling with what Wynter calls “category problems” is necessary as humanitarianism – or huManitarianism – faces the contemporary challenges raised by Black Lives Matter that undermine and question its universalist legitimacy.

Maintenance of Hindu Women

The main reason behind the concept of Maintenance is to see that if one of the spouses is not independent financially so the other spouse help him/her in order to make the living of another person possible. In case of divorce or in the case where both the partners are not living together, the spouse who is financially dependent on the other spouse can seek the remedy of maintenance. So that she/he can maintain their life as when they lived together. Generally, Maintenance is the amount which the husband pays to his wife after divorce or the amount which the family member of the husband pays to the widow of their son. Maintenance includes basic necessities like: Food, Shelter, Clothing etc. The necessary thinks and comfort which a rational man expected to get. The maintenance is given by the person on whom the other person depends on. The amount of the maintenance is dependent on the earning of the person and the necessities which other person required and the necessities which a rational man needs to live a normal life. In ancient period of India the woman was superior than the man. She had a right to do work for their families and have also freedom for their decision, education and as well as in their religion also.

Pedro and Pita Built Peter Priesthood's Mansion and Now They Work the Grounds: Whose Masc Does “the Lamanite” Wear?

Pedro and Pita Built Peter Priesthood's Mansion and Now They Work the Grounds: Whose <i>Masc</i> Does “the Lamanite” Wear?

Bad Dog: Pit Bull Politics and Multispecies Justice by Harlan Weaver

Reviewed by: Bad Dog: Pit Bull Politics and Multispecies Justice by Harlan Weaver Nathaniel Otjen (bio) Harlan Weaver, Bad Dog: Pit Bull Politics and Multispecies Justice. Seattle: University of Washington Press, 2021, 240 pp. $99 cloth, $30 paper. Despite decades of labor in the environmental humanities and adjacent fields, scholar-activists working among the convergences of human groups and other species continue to find themselves explaining why the pursuit of social justice and animal wellbeing are united in common cause. Offering one of the most compelling recent analyses that demonstrates why equity for marginalized people and animals must be pursued together, Harlan Weaver's Bad Dog: Pit Bull Politics and Multispecies Justice joins a growing collection of monographs that attend to the necessary and urgent interdisciplinary work of multispecies justice. Embracing the anti-normative and disruptive politics of queer theory to critique the normativities produced through the so-called "pit bull" breed, dog rescues, and canine cultures of the United States, Weaver challenges what he calls the "episteme of rational man," "like race" logics that compare animal abuse to human suffering in ways that erase or minimize human mistreatment, and "zero sum" logics that erase species harm by prioritizing human suffering over the hardships faced by other species. Instead, Weaver proposes modes of getting along together premised on embodiment, affect, and intimacy that he names "queer affiliations," an alternative to the "innately hopeful or promising" (p. 130), and often hetero and homonormative, constructions of "family" and "kinship." Published in the University of Washington Press's feminist technoscience series, Bad Dog will interest feminist science studies scholars, queer and trans* theorists, anthropologists, sociologists, and literary critics, along with academics who practice within and adjacent to fields such as women's and gender studies, critical race studies, American studies, multispecies studies, animal studies, disability studies, cultural studies, and environmental studies. Drawing upon intersectional thought established by women of color feminisms and the boundary-disrupting work of feminist and queer theory, the monograph brings together ethnography, autoethnography, and discourse analysis to tell more equitable stories from the multispecies contact zones where people and dogs meet. Bad Dog is "a book with legs," to borrow Eileen Myles's memorable phrase.1 An impressive array of original concepts and terms animates the monograph's four chapters, providing scholars with new lenses to examine multispecies worlds. Perhaps the most important idea to emerge from Weaver's book is "interspecies intersectionality," a powerful analytic for studying "the confluence of race, gender, sexuality, and species" (p. 15). Beginning from the observation that "relationships between humans and nonhuman animals not only reflect but in fact actively shape experiences of race, gender, species, breed, sexuality, and nation" (pp. 7–8), interspecies intersectionality [End Page 105] locates "the workings of power, oppression, and experiences of identity that precede and emerge through . . . interrelatings" (p. 13). In a particularly insightful treatment, Weaver discusses how narratives about Black men and "pit bull" dogs in the United States converged to shape public attitudes toward the former NFL player Michael Vick and the dogs he fought. Vick, a Black man, and the dogs, a collection of beings problematically grouped by appearance whose bodies became synonymous with fighting and violence, were made legible to one another through the frames of race, animality, criminality, victimhood, and innocence, a series of associations that Weaver terms "becoming in kind" (p. 101). Diverging from the common practice of euthanizing dogs recovered from fighting rings, the dogs from Vick's kennels were rehabilitated and placed in white, wealthy, hetero households. Such a move, Weaver observes, not only required a shift in the dogs' "relationship to the categories of race and nation" (p. 113), but also depended on "saviorist storying" (p. 39) that coded adopter households as the proper saviors of damaged dogs while implicitly marking people of color, queer folks, and low-income households as improper sites for these dogs. By critiquing saviorist storying and the "normative logics" (p. 130) associated with becoming in kind that persist in dog rescues and rescue cultures, Weaver pursues more equitable modes of adopting, training, relating, living with, and knowing. In addition to the dozen or so original concepts introduced throughout the book, Bad Dog excels...

Through the Theologian’s Eye on the Dialogue between Physics and Faith

The subject of analysis presented in the article Through the Theologian’s Eye on the Dialogue between Physics and Faith refers to the promotion of arguments justifying the need for a relationship between faith and science. An outline from the history of mutual references to issues at the level of physics and faith at the turn of the twentieth and twenty-first centuries, as well as a reflection on the connection in the present between these areas of life, is an attempt to provide positive motives for maintaining openness to the mutual complementary functioning of a rational man who wants to read scientific truths about the Universe and maintain the condition of faith in God.

Conceptual Framework of Behavioural Economics

The main purpose of this paper is to systematize the characteristics of behavioural economics, and, on this basis, to highlight the differences between behavioural economics and neoclassical economics. Special emphasis is placed on the differences between the real and the rational economic man. Attention is focused on economic choice modelling under the influence of behavioural economics and the emergence of the so-called limited rationality. The paper also presents the methodological tools of behavioural economics, as well as the principles on which it is built as a modern branch of economic theory.

Understanding the China miracle from the paradigm of realm economics

PurposeThe core of the micro–macro paradigm of mainstream Western economics is the assumption that a rational economic man with complete freedom of economic behaviors living in a fully competitive, free-market economy pursues maximum personal benefits. The purpose of this paper is to show the reasons for failure of mainstream Western economics explaining the “mystery of China’s economic growth” and the necessity of understanding the mystery from the paradigm of realm economics.Design/methodology/approachThe system of socialism with Chinese characteristics led by the Communist Party of China (CPC) and the local governments that play a crucial role in the reform and opening-up has the realm attribute. It is necessary to develop a new paradigm for realm economic analysis and promote the creation of new economic globalization and international political and economic order.FindingsAccording to the fourth plenary session of the 19th CPC Central Committee, “Since the New China was founded 70 years ago, our Party has led our people to create the rarely-seen miracle of rapid economic development and miracle of long-term social stability”. The authors find that it is effective and necessary to explain the miracle of China’s economic growth from the paradigm of realm economics.Originality/valueAs proven by practice, the system of socialism with Chinese characteristics and the governance system of China are guided by Marxism, rooted in China with a deep Chinese cultural foundation, and sincerely supported by the people.

Contested Emotions of Masculinity. The Court, the Street, and the Negotiation Table in an Indian Princely State in the 20th Century

This article investigates the movement between contested styles of masculinity in the princely state of Hyderabad, situated in the south of India, in the 1930s and 1940s. Three spaces, at the same time emotional and institutional, dominated political interactions. The court required a masculinity premised on balance. A nobleman had to embody military virtues, but also cultivate himself through the fine arts. The masculinity of the street was premised on the regeneration of the community and on the glorification of burning passions, while the negotiation table needed the figure of a rational man, able to tone down his feelings. While these styles contested with each other, they were not mutually exclusive. As the case study of Bahadur Yar Jang, nobleman, orator, organiser of mass movements, and skilful negotiator in discussions within Hyderabad and between Hyderabad and Indian actors, shows, (some) men could move between these masculinities, divided by fluid boundaries. However, his case also shows that the fluidity has to be historicised: it was neither available to everyone, nor did it survive the radicalisation of Muslim politics in the 1940s and the annexation of the state by the Indian army in 1948.

The colonial difference in Hugo Grotius: rational man, slavery and Indigenous dispossession

ABSTRACT (Post)colonial Dutch historiography remains saturated with the myth of the Dutch as benevolent and sometimes even reluctant imperialists geared toward trade rather than settlement. In this article, I seek to unsettle some common presumptions made on the basis of this myth through a re-reading of the work of Dutch lawyer, humanist and state ideologue Hugo Grotius. In particular, I hone in on his writings on slavery and Indigenous (dis)possession to show how colonial and racial violence structure his construction of the free sovereign subject. In doing so, I seek to intervene in existing critical scholarship on Grotius that continues to position the undifferentiated sovereign subject at the heart of his legal thought and positions him as a friend of Indigenous peoples. Applying colonial difference as a lens for reading Grotius’s work, I argue that his legal framework set up the very conditions of possibility for colonial conquest by constructing a Dutch propertied subject as universal.