Tuesday 21 May 2013

Week 4 Exercise – Share market / fashion


Version 1

Who are the entities involved in the process

·         Male investors in the share market

·         Females who wear short skirts

·         Share market

How do they relate and interact

Male investors are the main investors in the share market. They will be stimulated when they see females wearing short skirts, and therefore will invest in a more active and perhaps more optimistic manner. Consequently, the share market will be more responsive and will perform better as expected. This may explain why the performance of the share market is linked to females wearing short skirts.

What do you expect them to do

·         Females in short skirts stimulate male investors

·         The more active and optimistic investment manner adopted by male investors enhance the performance of the share market

 

Version 2

Who are the entities involved in the process

·         Overall economy

·         Females who wear short skirts

·         Share market

How do they relate and interact

The performance of the share market is good when the overall economy is good.

Another result of the increasing economy is that females will spend more time on dressing up as they do not need to worry about cutting living expenses and saving money. One common observation of females fashioning up is that they will wear shorter skirts. Thus, it is not short skirts that encourage the share market to perform better, but the overall good economy.

What do you expect them to do

·         The overall good economy allows females to spend more on fashion (e.g. more like to wear short skirts)

·         The overall good economy enhances the performance of the share market

Tips for Academic Writing


 
I went to some paper writing workshops last year. The following are my tided up notes, along with my own thoughts, to share with you guys. I believe they are more than useful for any assignment.

Think about your contribution

A common reason for rejection of a paper is lack of a solid theoretical contribution. Our contribution might be low, overly narrow, not very surprising, or of unclear importance. Therefore, it is essential to plan at the very earliest stage, i.e., we need to think about ways to enhance the potential of our contribution. There are six factors associated with most significant research project:

1.      Activity (frequent interaction)

2.      Convergence (several activities or interest converge at the same time)

3.      Intuition (importance is guided by intuition and feelings rather than by logical analysis)

4.      Theory (want to explain to clarify)

5.      Real world / Relevance (ideas are tangible and useful to solve a real word problem)

6.      Personal commitment and motivation

In the introduction, we need to articulate the significance of our research project. We need to frame and tell an interesting story to keep the reviewer reading our work. If the reviewer is turned off by a paper in the first few pages or so, i.e., they do not believe an interesting story is in the paper, they are more likely to look for problems with the rest of the paper. On the contrary, if they like the basic idea, they are more likely to look for ways to improve the paper.

Join the conversation / Literature review

At the beginning of each research venture, we need to ask ourselves four questions, which are useful for getting a significant research topic as well as narrowing down while keeping sufficient coverage of the literature to review.

1.      Which conversation should I participate in?

2.      Who are the most important conversant?

3.      What are these scholars talking about now?

4.      What are the most interesting things I can add to the conversation? (Rynes)

Literature review is a critical element in a research project. It tells the on-going argument in your research area, which helps to identify the gap in the literature. I am pretty sure that all you guys know what a literature review is about and what should be included it, so to save your time, I will just outline some tips for reading the literature (from Steven from Academic Skills & Learning Centre):

Suppose your topic is concentrated on A, B, and C (e.g. how A in B is affected C). When you are reading papers, draw a diagram as follows to help you categorise papers into their most relevant areas and find the most relevant papers to your research topic:

 
 
 
For me, it is a great tip. Let me share with you my experience. During the last 4 weeks, I was reading papers on taxation on dividend and the imputation system, which are from economics, finance, as well as accounting. Obviously I am an accounting person and economics and finance just piss me off. At the beginning, I tried my best to understand every piece in those economics and finance papers, and I ended up giving up and feeling exhausted and unconfident (I even left some paper I found relevant but unread). Before starting to write a literature review on this area, I was thinking over and over again, trying to get things organised (they looked like a mess) and coherent. As you can imagine, I failed again and felt even worse. So I decided to write straight away as the assignment due date was approaching. Suddenly, I recalled the three-circle diagram. I drew one at the general level, and several at more detailed levels. Things then became much clearer and I quickly finished the unread papers because I knew what I was looking for.  

So, for those who are still struggling on organising their literature reviews or finding a research topic, this is really a great tip.

Writing and thinking

Another frequently mentioned tip is writing: write while reading, write while thinking, and write while you do not know what to write.

It is easy to fall asleep when reading a paper, especially those who are not interesting to you. So, the best way to keep you awake and continuously thinking is to take notes while reading. Taking notes is, however, different from highlighting. Merely highlighting stuff is not sufficient. It may even make you feel lost among so many ‘important’ things, and even worse, make your paper nothing but a colourful picture.

There are a number to things to record while reading:

·         The purpose of the study

·         The theoretical framework

·         Methodology

·         Your critical response (e.g. ‘Great for my research!!!’, or ‘this is also mentioned in XXX’)

·         Particular content (possibly)

It is also a good idea to create an outline of the paper being read, if time allows.

Further, writing helps to clarify thinking. Sometimes, you may think that your idea is already perfect (in your mind), but when you start to write it down, many flaws and other thoughts will appear. You are more engaged and more active when writing. Like Venki (an IS professor in ANU) said, the real ‘aha’ experience comes when you are writing. And this is also mentioned by Kerry for thousands of times (it is not a repeat but an emphasis (he is not that old and is still in his prime)).

Personally, I like creating PowerPoint slides as if I were going to present my research. Compared to writing, creating slides makes me to try harder to sell my story and convince others. Moreover, the low of logic is also much better.