Theoretical and conceptual framework in thesis

Sometimes traders decide to alter their theoretical values, usually because they want to more accurately reflect the market value. If a trader values an asset at x but the market consistently values the asset at y, eventually the trader may feel he needs to move his value closer to y. There are several reasons for this; as mentioned above it is not just the profit and loss that is a function of the type of value used, but also the risk metrics which can be affected by the value. If the trader’s theoretical values are ‘wrong’, then his risk management and hedging strategies will also be based on ‘wrong’ computations. So this is one reason to decide to re-align theoretical values.

Humans have innate wonder, exploring many topics through experience and perception. From this wonder, individuals rationally reflects on their own experiences about a specific topic. Then the individual practices dialectics , examining what others have said about the topic being explored with the hopes of finding a particular knowledge about the topic. Theoretical psychology serves as the bridge between the philosophical roots of psychology and the present day empirical psychology. This bridge has an emphasis and focus on forming concepts from moments of explicit behavior that are observable, excluding introspective mental events within individual consciousness . Psychological laws are created from these observable behaviors that are derived from one concept that also contain concepts from the individual’s environment of internal physiological states. These laws are categorized into causal ( statistical ) or deterministic / mechanistic (nonstatistical) categories which relate simultaneous parallel traits or predict future from present or past respectively. Then these laws are organized into theories based on connections logically deduced together and open to new laws yet to be discovered or empirically verified. The ultimate and logically possible goal of theoretical psychology is to create an exact and comprehensive psychological theory. However, the concepts that are immediately observable are still abstract and difficult to define even in a basic law in an important solid theory as they relate to no physical object we can make sense of or interact with using our sensorium and empirical approaches. They are not instantiated in the world and in virtue of this they are called theoretical concepts . [1]

In my own experience, I am aware that I imagine a timeline of numbers when comparing numerical values, which I suggest has grown organically as I have developed numerical understanding. The numbers 1 to 10 are arranged in a semi-circle with a slightly tighter bend after 5. Another sharp bend between 10 and 12 leads to a gentle spiral from there until 30 after which an even more gentle curve leads to 100. After 100 a final line, almost straight, leads to 1000 and beyond. Other numerical contexts such as temperature, time and calendar dates, offer other shapes to the line and with significance perceived at key points by bends - 32 degrees Fahrenheit, 100 degrees centigrade, 0 degrees Kelvin, breakfast, tea-time, midnight,  December 31st/January 1st, the centuries....

Theoretical and conceptual framework in thesis

theoretical and conceptual framework in thesis

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