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Investment decisions in the South African saddle horse industry / Johannes Hendrik DreyerDreyer, Johannes Hendrik January 2014 (has links)
This study originated in the phenomenon that has been observed in the South African Saddle
Horse Industry of substantial investments being made over time in the absence of obvious
financial or economic reward. A literature study confirmed that, internationally, investment
without obvious financial and economic rewards is not unknown and at the same time it was
obvious that it is a rarely studied subject. From the literature study it was also evident that this
phenomenon occurs where passion and, to a lesser extent, commitment is involved. Economic
models on decision making is lacking in perspective on the influence of emotions which were
proven to be substantial in an emotionally-laden market, such as the South African Saddle Horse
industry.
Consumption theory in marketing describes consumption decisions where the consumer is so
influenced by emotions that rational influences barely come into play. It is in this context that the
study seeks to qualify the investment decisions in the South African Saddle Horse industry by the
adaption of consumption theory to investment theory. Research on the indicated strategic
phenomenon fits within the critical realism paradigm and is essentially inductive, theory building
research. In this case, the adaption of consumer theory as investment theory. Qualifying the
influence of emotions in the investment decision – the “why” and “how” questions about a
contemporary set of events, over which the researcher has no control – indicates case study as
the applicable method of research. In this research, the case study theory is built by generalising
case data to prior theory seeking replication or theoretical replication. With prior theory
embracing the mentioned consumer theory and case selection dictated by the information, a case
study can assist to identify the motivators of the investment decision.
Once qualified, the influence of emotions on the investment decision in the mentioned strategic
phenomenon can be quantified. Quantifying the influence of emotions on the investment
decision leaves two alternatives, the first of which is developing a data set in a statistical survey.
However, neuroeconomic findings indicate that opportunity cost comparisons for decisions are
supported by our emotional circuitry that is commonly below our conscious awareness. This
finding has the direct implication that opportunity cost questions in retrospect do not yield
reliable information. The second alternative would be to use dependable historic investment
decision data series, such as auction prices. But in the South African Saddle Horse industry, only
African Saddle Horse Futurity (ASF) offers any usable investment decision data series, with the
AACup being the mother competition in the USA, offering a compatible data series but much
more complete and evolved. Therefore, in quantifying the influence of emotions on investment
decisions, ASF data and extended AACup auction data is used in an Ordinary Least Squares
regression (OLS) analysis and for further calculations.
In the literature study it was evident that emotions will be a major influence in investment
decisions in the horse industry. This was confirmed by the multiple case study, proving
applicability of consumption theory to the investment decision in the South African Saddle Horse
industry. The OLS analysis rendered the magnitude of influence of emotions on the investment
decision as both prohibitive and irregular on the theoretical determinants of the investment
decisions. In all the research done, emotions were unanimously proven to be the determining
influence on the investment decision in the South African Saddle Horse industry.
But in a free market system where price equates demand and supply, the confirmed influence of
emotions in the establishment of price hampers the effective distribution of scarce production
resources. In this, the influence of emotions results in a cost to the industry. By manipulating the
data set used in the dissertation, an indication of the historic cost of the influence of emotions in
the investment decision at the ASF and AACup competitions became apparent.
Also, the influence of emotions can be equally crucial in, for example, exploiting economic growth
potential. For example, the Saddle Horse industry is a world-wide multimillion dollar industry,
with coincidently proven and strong connections with good growth potential to South Africa’s
rural areas. These connections contain sustainable development potential to improve the quality
of life for many people living in these rural areas. But in order to successfully exploit this
potential, more information on emotions as an economic variable is needed in stimulating the
industry.
In accordance with the incidence of emotions as an influence in decision making, evident in
literature and this research, this argument for more information is extendable to numerous other
emotionally influenced markets. Therefore, in order to improve reliability of predictions on
economic investment and also economic growth, emotions as an influence have to be accounted
for. / MSc (Agric), North-West University, Potchefstroom Campus, 2015
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Investment decisions in the South African saddle horse industry / Johannes Hendrik DreyerDreyer, Johannes Hendrik January 2014 (has links)
This study originated in the phenomenon that has been observed in the South African Saddle
Horse Industry of substantial investments being made over time in the absence of obvious
financial or economic reward. A literature study confirmed that, internationally, investment
without obvious financial and economic rewards is not unknown and at the same time it was
obvious that it is a rarely studied subject. From the literature study it was also evident that this
phenomenon occurs where passion and, to a lesser extent, commitment is involved. Economic
models on decision making is lacking in perspective on the influence of emotions which were
proven to be substantial in an emotionally-laden market, such as the South African Saddle Horse
industry.
Consumption theory in marketing describes consumption decisions where the consumer is so
influenced by emotions that rational influences barely come into play. It is in this context that the
study seeks to qualify the investment decisions in the South African Saddle Horse industry by the
adaption of consumption theory to investment theory. Research on the indicated strategic
phenomenon fits within the critical realism paradigm and is essentially inductive, theory building
research. In this case, the adaption of consumer theory as investment theory. Qualifying the
influence of emotions in the investment decision – the “why” and “how” questions about a
contemporary set of events, over which the researcher has no control – indicates case study as
the applicable method of research. In this research, the case study theory is built by generalising
case data to prior theory seeking replication or theoretical replication. With prior theory
embracing the mentioned consumer theory and case selection dictated by the information, a case
study can assist to identify the motivators of the investment decision.
Once qualified, the influence of emotions on the investment decision in the mentioned strategic
phenomenon can be quantified. Quantifying the influence of emotions on the investment
decision leaves two alternatives, the first of which is developing a data set in a statistical survey.
However, neuroeconomic findings indicate that opportunity cost comparisons for decisions are
supported by our emotional circuitry that is commonly below our conscious awareness. This
finding has the direct implication that opportunity cost questions in retrospect do not yield
reliable information. The second alternative would be to use dependable historic investment
decision data series, such as auction prices. But in the South African Saddle Horse industry, only
African Saddle Horse Futurity (ASF) offers any usable investment decision data series, with the
AACup being the mother competition in the USA, offering a compatible data series but much
more complete and evolved. Therefore, in quantifying the influence of emotions on investment
decisions, ASF data and extended AACup auction data is used in an Ordinary Least Squares
regression (OLS) analysis and for further calculations.
In the literature study it was evident that emotions will be a major influence in investment
decisions in the horse industry. This was confirmed by the multiple case study, proving
applicability of consumption theory to the investment decision in the South African Saddle Horse
industry. The OLS analysis rendered the magnitude of influence of emotions on the investment
decision as both prohibitive and irregular on the theoretical determinants of the investment
decisions. In all the research done, emotions were unanimously proven to be the determining
influence on the investment decision in the South African Saddle Horse industry.
But in a free market system where price equates demand and supply, the confirmed influence of
emotions in the establishment of price hampers the effective distribution of scarce production
resources. In this, the influence of emotions results in a cost to the industry. By manipulating the
data set used in the dissertation, an indication of the historic cost of the influence of emotions in
the investment decision at the ASF and AACup competitions became apparent.
Also, the influence of emotions can be equally crucial in, for example, exploiting economic growth
potential. For example, the Saddle Horse industry is a world-wide multimillion dollar industry,
with coincidently proven and strong connections with good growth potential to South Africa’s
rural areas. These connections contain sustainable development potential to improve the quality
of life for many people living in these rural areas. But in order to successfully exploit this
potential, more information on emotions as an economic variable is needed in stimulating the
industry.
In accordance with the incidence of emotions as an influence in decision making, evident in
literature and this research, this argument for more information is extendable to numerous other
emotionally influenced markets. Therefore, in order to improve reliability of predictions on
economic investment and also economic growth, emotions as an influence have to be accounted
for. / MSc (Agric), North-West University, Potchefstroom Campus, 2015
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When Grass on a Mountain Takes Fire, There Is Great LightPhillips, A'dora 01 January 2011 (has links) (PDF)
My thesis is a novel about a Dutch environmentalist who, disenchanted with the environmental movement in The Netherlands, expatriates to a peninsula in Turkey, which he hopes to save from development. He is a missionary, environmentalism is his religion. He carries an inheritance of colonialism and doesn’t understand (nor feel he needs to) the local culture. After several missteps, he is murdered. His story is told retrospectively through the eyes of an American biologist who befriended him.
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An Ode to Sympathy : A Psychoanalytical Approach to Mr. Morel's Behavior D. H. Lawrence's Sons and LoversPavlidou, Eirini January 2024 (has links)
In his bildungsroman Sons and Lovers, published in 1913, D. H. Lawrence portrays the disharmonious life conditions of the coal-mining communities in England at the end of the nineteenth and the beginning of the twentieth century. While the main focus of the novel is the mother’s excessive love towards one of the sons, the reader also encounters the father of the family, Walter Morel. Mr. Morel is perceived as a brutal, vain and ignorant man. The readership might imply this description to be accurate in terms of Morel’s behavior. However, this essay argues that there are underlying reasons for his extreme attitudes and actions. Thus, the aim of this essay is to identify and explain the underlying reasons as to why Mr. Morel behaves in such a neurotic way in the presence of his family. The close reading of the novel and the use of Freudian psychoanalysis illustrated with the help of the Neurotic Fear Principle, provide evidence that there is a correlation between Mr. Morel’s attitude and the social and economic conditions in the coal-mining community. Consequently, this essay presents Morel as the embodiment of the severe consequences of industrialism, and how deeply they impact his relationship to his family.
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A study in problem solving in the engineering sciencesKleinot, Karen Deborah 06 September 2005 (has links)
This study investigated the link between creative thought and intuition. These concepts were defined in terms of two psychometric tests used to measure personality and interest. The two tests used were the 19 Field Interest Inventory (19FII) and the Jung Personality Questionnaire (JPQ). Intuition was measured on a continuum in terms of Jung’s conceptualisation of intuition- sensation. Creative thought was conceived as both a cognitive and an unconscious process. The research was quantitative in nature. A comparison was done between the scores obtained on the personality questionnaire (JPQ) and the interest inventory (19FII) in order to determine if there was a link between intuition and creative thought. These results were inconclusive. Thereafter the study investigated whether the subjects enrolled for an engineering degree who used intuition as their dominant auxiliary function performed well in a course designed to promote creative thought. The results were inconclusive and this might be due to the small sample group and numerous variables that were not controlled. / Dissertation (MA (Psychology))--University of Pretoria, 2006. / Psychology / unrestricted
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The personal contexts of undergraduate students in social work at UNISALintvelt, Rulene Annemie 11 1900 (has links)
The Department of Social Work at UNISA places the emphasis on developmental social work and trains students according to the Person Centred Approach which emphasises the uniqueness of each client. The question thus arises if this Department is indeed working with their students in a person-centred way, and if students think the Department lives out a person-centred philosophy. Exploring the personal contexts of students would give the Department of Social Work the oppor-tunity to try and find a fit between the personal contexts of students and the national requirements of training.
From a population of 114 fourth level students in Social Work at UNISA, a self-selected sample of 79% emerged. Focus is placed on the students' perceptions of following five areas: (1) the self, (2) family life and family of origin, (3) living and study conditions, (4) UNISA and social work training, (5) social work as future career. / Social Work / M.A. Social Science (Mental Health)
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The personal contexts of undergraduate students in social work at UNISALintvelt, Rulene Annemie 11 1900 (has links)
The Department of Social Work at UNISA places the emphasis on developmental social work and trains students according to the Person Centred Approach which emphasises the uniqueness of each client. The question thus arises if this Department is indeed working with their students in a person-centred way, and if students think the Department lives out a person-centred philosophy. Exploring the personal contexts of students would give the Department of Social Work the oppor-tunity to try and find a fit between the personal contexts of students and the national requirements of training.
From a population of 114 fourth level students in Social Work at UNISA, a self-selected sample of 79% emerged. Focus is placed on the students' perceptions of following five areas: (1) the self, (2) family life and family of origin, (3) living and study conditions, (4) UNISA and social work training, (5) social work as future career. / Social Work / M.A. Social Science (Mental Health)
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