Challenge & Selection

Being a research scholar, I was bit confused in my selected field of Behavioural Finance, which

title or topic should I select in particular? – well here, the technique of mind mapping helped

me a lot in selecting the particular topic, from the whole lot. Well mind-mapping, has been one

of the most unique and powerful technique in the design thinker’s toolbox. It helps by

identifying the patterns that are prevailing in the market, it can help to create useful insights,

that further helped me personally in getting solutions that are more of sustainable and creative

in nature.

Application

Firstly, I tried to self-introspect and wrote down all the major activities and elements that are

involved in the Behavioural Finance. So here am going through the phase I i.e., understanding

and accessing what is the current reality in the field. Here, I tried to identify the deep insights

and the current patterns that are prevailing in the field and started collecting the data for the

“What is” for all concepts. And if do this apt. we can get the best options available – as this is

the pivotal point in the design thinking process.

Here I identified that there are various studies and theories proposed by various psychologists,

finance professionals and many Noble Laureates, so it was quite exhausting to go through all

these major theories and then identifying what the current time demands, which of theory is

old and stale, and how I can get the best out of it. Data collecting was also a difficult task, as

we know that many of the websites are not reliable and authentic, but then collecting them was

quite necessary because then only we can derive to any conclusion.

Here what I found that while doing mind mapping, what I actually was doing was – applying

the deduction approach or the filter down approach, wherein there are many options and I need

to select some of the best ones. And also, here I can calculate the opportunity cost that would

be involved if I chose any of the one out of many.

Insight & Approach

The things I have learnt, varied from one vast pole to another. Naming, I got to know what

were the things that I was knowing in this field of Behavioural Finance, and what were the

things I need to work upon as they were the topics, I wasn’t much aware about. Here

furthermore, I also encountered the difference between the topics in which I want to research

and what were the topics wherein I can just teach to my students. So yes, Min Mapping as a

technique was quite helpful to me, in deciding my Ph. D thesis title.


Challenge & Selection Being a research scholar , I was bit confused in my selected field of Behavioural Finance , which title or topic should I select in particular ? – well here , the technique of mind mapping helped me a lot in selecting the particular topic , from the whole lot . Well mind - mapping , has been one of the most unique and powerful technique in the design thinker ’s toolbox . It helps by identifying the patterns that are prevailing in the market , it can help to create useful insights , that further helped me personally in getting solutions that are more of sustainable and creative in nature . Application Firstly , I tried to self - introspect and wrote down all the major activities and elements that are involved in the Behavioural Finance . So here am going through the phase I i.e. , understanding and accessing what is the current reality in the field . Here , I tried to identify the deep insights and the current patterns that are prevailing in the field and started collecting the data for the “ What is ” for all concepts . And if do this apt . we can get the best options available – as this is the pivotal point in the design thinking process . Here I identified that there are various studies and theories proposed by various psychologists , finance professionals and many Noble Laureates , so it was quite exhausting to go through all these major theories and then identifying what the current time demands , which of theory is old and stale , and how I can get the best out of it . Data collecting was also a difficult task , as we know that many of the websites are not reliable and authentic , but then collecting them was quite necessary because then only we can derive to any conclusion . Here what I found that while doing mind mapping , what I actually was doing was – applying the deduction approach or the filter down approach , wherein there are many options and I need to select some of the best ones . And also , here I can calculate the opportunity cost that would be involved if I chose any of the one out of many . Insight & Approach The things I have learnt , varied from one vast pole to another . Naming , I got to know what were the things that I was knowing in this field of Behavioural Finance , and what were the things I need to work upon as they were the topics , I was n’t much aware about . Here furthermore , I also encountered the difference between the topics in which I want to research and what were the topics wherein I can just teach to my students . So yes , Min Mapping as a technique was quite helpful to me , in deciding my Ph . D thesis title .