The Profound Greed: Understanding Human

THE PROFOUND GREED: UNDERSTANDING HUMAN…
THE PROFOUND GREED: UNDERSTANDING HUMAN BEHAVIOR REGARDING
THEIR NECESSITY OF HAVING MONEY
A Research Proposal
Presented to
Faculty of Senior High School
Our Lady of Fatima University
In Partial Fulfillment of the
Requirements for
Practical Research 1
Sashie Sophia C. Dadul, Daian A. Lasquite, Janrhick G. Pucio, Angeline Geiil Osorio
Pauline P. Tan, Jeremie A. Valles
Michelle Aggabao
DECEMBER, 2018
STEM 11-14

1.0 Introduction
Nowadays, a lot of people seems to do things that they never wanted, because they just want
to past a whole day for them to be able to survive. When we say “things that they never wanted”,
those are the things that they are forced to do, things such as stealing, things that could disobey the
law just to gain money. They have their own reasons to do such things. They have their own reasons
to have certain behaviors.
This study is about the different human behaviors or causes of people to act in a certain
behavior while doing their own ways just to gain money. Money isn't everything but everything
requires money. That's just the truth -- basically, money is one of the things we need to be able to live.
A stable job would make us earn enough money for us to make a living. Unfortunately, not every
individual is capable of having a job with fine income, or even any job. In fact, almost half the world -
- over 3 billion people -- live on less than $ 2.50 a day. Why is that? It's because of poverty -- the state
of being extremely poor. It is one of the serious global issues we're facing. Why is it related to our
topic? The necessity of being financially stable is one of the reasons for some people to do things that
are unjust, or illegal things just to earn money. On the other hand, there's also people who's quite
obsessed with money, or the thought of spending it with their needs and wants, which makes them
change their behaviors.
The main objective of this study is to make other people understand that a lot of things can
happen in just a matter of necessity. We all have our reasons to do what we're doing. Poverty is
overrated- and almost every Filipino is suffering from it. That's one of the main reasons for some
people to do things that are unjust, and, if worse, things that could disobey the law, just to gain
money. Again, for their own reasons, and for their own necessity. We want to know what are the
behaviors of any individual wanting to have something, specifically, money, and the thought of
having it. We want to know what can a human possibly do just to fulfill their needs. We're also
looking forward to knowing the reasons or causes of people to do things that could disobey the law
just to gain money.

The beneficial of this research is to aware them and realize how there behavior change in a
positive and negative way when they talk about money . This research wants to show them what are
the possible effects that can cause a bad side to them . And we, the researcher, want to inform them
that money cannot always give what you wanted. Sometimes, money take what you need and bring
you in a miserable situation that can affect your daily life / lifestyle.
2.0 Theoretical Framework
As in many other behavioral science fields, explanations and predictions are the main goals in
finance.4To this end, both theoretical analyses and empirical investigations are necessary. Theories
employ abstract deductive reasoning by which conclusions are drawn from sets of assumptions,
whereas purely empirical studies are inductive in nature. As theories provide guides for empirical
studies and empirical studies provide tests of the assumptions and conclusions of theories, they are
complementary (Henderson and Quandt 1958). Nevertheless, it is a theoretical argument that drives us
to launch further quest for truth and that is why all areas of science evolve around theories.
No single theory can completely resolve problems. Given the real-world complexities, actual
decision making procedures are often heuristic. Obviously, case study settings can give more accurate
descriptions of the real world than any finance theory can. But theories can guide us toward answers.
It is theories, not practical rules of thumb based on experiential learning, that help us identify and
analyze the right issues in a changing environment.By adapting theories to the realities of
circumstances, we can develop new theories which could shedmore light on reasoning process.
Theory learning can provide such high-echelon cognitive objectives as"analysis" and "synthesis,"
which will further develop into accumulation, distillation, and merging ability.
Few would deny that the CAPM has significantly changed the world of both finance
practitioners as well as academicians. The demand for knowledge of finance theory in day-to-day
business is ever growing.Therefore, we should encourage the student to challenge finance theory by

all means. We should let them fully appreciate that finance theories continuously give a profound
impact on professional behavior in the financial world.
2.1 Problem Statement
This study aimed to determined the human behavior regarding their necessity of having money
with the following questions:
Research Question 1: How much will money weigh into your decision on accepting a new
role?
Research Question 2: Can a person be greedy for other individuals? Why?
Research Question 3: What are the possible things that people can do just to gain money ?
And we, the researchers will try to answer these questions based on our gathered data and give
you different information that you need to know so that you will able to understand the human
behavior regarding their necessity of having money more deeper and clearer.
3.0 Methodology
3.1 Research Design
This study will be using a qualitative phenomenological design that is used to described how
human being experience a phenomenon, which emphasizes the inherent complexities of human and
their ability to shape and create their own experiences. This type of study attempts to set aside biases
and preconceived assumptions about human experiences,
feelings, and responses to a particular situation.
This type of qualitative study is efficient to gather legitimate data as it is based on the human
experience; it will be easy for us to collect actual data from them, as what they’re about to do here is
state their own experiences.

3.2 Research Locale
The participants informants of this study will come from Our Lady of Fatima University,
Quezon City Campus. A lot of students in their mid adolescence are having a hard time to finish their
study due to poverty, or financial problems. This would help us collect data from informants
regarding our topic.
3.3 Research Population and Sampling / Key Informant Selection
In this study, a Non-Probability Sampling Technique will be used. We will use convenience
sampling. It is defined as selecting participants because they are often readily and easily available.
With this sampling technique, it will be easier for us to collect data from individuals we already know
than having to collect data from unknown individuals.
The researchers will select (5) five respondents that will be the source of all the data we're
about to get. Since we will be using convenience sampling, this will help to overcome a lot of
limitations associated with research, such as having to set a specification due to the criteria implied in
judgement or purposive sampling. In this sampling technique, the researchers could even set their
family members or friends as a respondent.
3.4 Research Ethics
In order to collect data, the researcher should keep in mind that the respondents will have to be
treated responsibly and ethically. By conducting a research, there will be guidelines such as legal and
ethical principles that centers the welfare of all participants in the approved research study. The
researchers shall follow research ethics in order to construct an ethical research study.
The informed consent, which contains the purpose of the study, procedure, risk and benefits
and the voluntarily nature of the research, shall be given to the co-researchers in this study indicating

the agreement that should clarify the responsibilities and obligations of all involved in the process.
The researchers must assure that all of the personal info from the informants will be confidential. All
of the gathered information from the respondents will be strictly observed and will only be used for
studies purpose only.
Also, to avoid plagiarism, the researcher will cite proper citation of authors and all the other
references that will be used.
3.5 Research Instruments
The only instrument that we will be using in this study is a one-on-one interview guide. The
interview guide is semi-structured in nature consisting of open-ended questions. This will allow the
informants to give their preferred response. This questions were flexible and will allow the
interviewer to probe and to seek clarification.They will supply a frame of reference for the
participants answers, but there will be restrictions.
3.6 Data Collection
This study will use primary data collection procedure. Primary data were collected through a
series of interview with the five (5) chosen participants. We, the researchers will conduct an intake
interview about the participant’s profile. Then the semi - structured interview follows wherein there
are sets of questions raised by the us. We will ask some follow - up questions to probe as needed for
additional information. The interview that we will conduct will be tape recorded and transcribed for
analysis. We will also have records of observation that will be carefully interpreted and analyzed.
3.7 Data Analysis
The data collected underwent stages of bracketing and interpretation derived from Burnard"s
(1991) stages of organizing data

Data was deeply analyzed by formulating and interpreting natural meaning units/central
themes as they spontaneously emerge from the categories system. to central themes were rigorously
reflected upon and transform as the psychological insights that gathered in the data were expressed.
the meaning units or themes that surfaced was synthesized and integrated into a consisted description
that reflected the participants lived experiences (Giorgi,1986).
4.0 Result
These are the findings reported by five participants which are asked some questions regarding
our research topic; profound greed of human being. The age range of the participants is 16-19 upon
being single parent. Each participant had an individual open-coding or interpretation of transcripts. A brief
demographic background is included to support the following data.
The emerging themes and categories of five participants are presented in table 1 in a manner
which reflects the organization in order to allow the reader to follow and locate the findings
Table 1
The Profound Greed: Understanding Human Behavior Regarding Their Necessity Of Having
Money
Theme Emerged Significant Statements
Money Dependence/ Too Dependent when “Money can affect in our role in life.
it comes to Money Because money can buy everything we need
and we want.”(R1:1)
“I can say that there has a big change in

myself when I have a lot money in my

hands. Because I treat myself as a

superior.”(R3: 1)
“For me money can affect the most. Because

when I have money I thought that I can do
what I want.”(R4:1)
Huge Influences of Money “Yes, because money has a big influences in

each one of us.” (R4:2)
“I think, its a yes. Because other people can

make a crime because they want to have
money.” (R5:2)
Proper Ways to Gain Money “I can go to work to earn money. Like when
in times of needs I can easily buy what I
want.” (R1:3)
“First is in terms of work and/or business.

And in terms on bad way is corruption. And
last is begging or donation in help of other
people.” (R2:3)
“I can go to canteens just to have and earn

money.” (R3:3)
Money as a change for Good Deeds “I train myself in those chores that I think I
can’t and I can.” (R4:3)
“We can go to offices and make chores

easily.” (R5:3)

Unavoidable Greed “Yes, because when we have money. We

think that we can buy all we want in just
spending it easily.” (R1:2)
“Yes, because I already feel that kind of

feeling when I hold money.” (R3:2)
4.1 Money Dependence/ Too Dependent when it comes to Money
“Money can affect in our role in life. Because money can buy everything we need and we
want.”
“I can say that there has a big change in myself when I have a lot money in my hands.
Because i treat myself as a superior.”
“For me money can affect the most. Because when I have money I thought that I can do what
I want.”
Money can affect our lives in such many ways; for it is not ‘everything’ we’ll ever need in life
but basically, everything requires money. The participants stated that money can make them feel like
they could actually do what they want.
4.2 Huge Influences of Money
“Yes, because money has a big influences in each one of us.”

“I think, its a yes. Because other people can make a crime because they want to have
money.”
Lack of money and the desperation to gain money can lead some people to do things that might
cause harm to others, or disobey the law. Based on the participant’s answers, money serves as an
influence for us to do such things.
4.3 Proper Ways to Gain Money
“I can go to work to earn money. Like when in times of needs I can easily buy what I
want.”
“First is in terms of work and/or business.And in terms on bad way is corruption .And last is
begging or donation in help of other people.”
“I can go to canteens just to have and earn money.”
On the other hand, there are people who would strive hard to gain money. Just like the participants
who suggested proper, decent ways to earn money.
4.4 Money as a change for Good Deeds
“I train myself in those chores that I think I can’t and I can.”
“We can go to offices and make chores easily.”

Not every student can focus on studies while doing a part-time job at the same time. So, for
them to earn money, as stated by the participants, an alternative and one of the most common way to
gain money is by doing the household chores.
4.5 Unavoidable Greed
“Yes, because when we have money. We think that we can buy all we want in just
spending it easily.”
“Yes, because I already feel that kind of feeling when I hold money.”
The moment people feel the cash in their palms, they won’t deny their desire to spend it as soon as
possible; the participants say so.
5.0 Discussion
Conclusions
Money Huge Influences of

Dependence/ Too Money
Dependent when it
comes to Money
EFFECTS AND Proper Ways to

INFLUENCES OF Gain Money
MONEY IN OUR
LIVES

Unavoidable
Greed
Money as a change
for Good Deeds
This graph talks about the effects and influences of money and how it affects our lives. It describes
how the respondents make their own ways to gain money and use it for their own needs, it also
discusses the positive and negative traits of desiring to gain money. The respondents mentioned
several ways that is essential for them to gain money. One of those ways is getting a part time job to
earn money. We, the researchers conclude that some of the respondents can basically do things that
could possibly reach their limitations, or worse, disobey certain laws to attain what they want.
Recommendation

Respondent 1 :

NAME: MARK ANGELO LINGGANAY
STRAND&SECTION: ABM 11-14
AGE:17
Research Question 1: How much will money weigh into your decision on accepting a new role?
1. Money can affect in our role in life. Because money can buy everything we need and we want.
2. Yes, because when we have money. We think that we can buy all we want in just spending it
easily.
3. I can go to work to earn money. Like when in times of needs I can easily buy what I want.
Respondent 2 :
NAME: JERWIN D. CABELLO
AGE: 17
1. Its too big the effect of the money in a person because the money is the mechanism that
can be move the world in a way of a system.
2. YES, it depends in situation and what person accepting and understand the situation .And it
depends of what people need.

3. First is in terms of work and/or business.And in terms on bad way is corruption .And last is
begging or donation in help of other people.
Respondent 3 :
NAME: MARLON GABRIEL TEVES
AGE: 17
1. I can say that there has a big change in myself when i have a lot money in my hands. Because i treat
myself as a superior.
2. Yes, because i already feel that kind of feeling when i hold money.
3. I can go to canteens just to have and earn money.
Respondent 4 :
NAME: JOSHUA LABESORES
AGE: 16

1. For me money can affect the most. Because when i have money i thought that i can do what I want.
2. Yes, because money has a big influences in each one of us.
3. I train myself in those chores that i think i can and i can.
Respondent 5 :
NAME: JOHN MARK PARIÑA
AGE: 19
1. It has a big effect in our lives. Sometimes when we don’t control ourselves we make a
decision that money are always involved.
2. I think, its a yes. Because other people can make a crime because they want to have money.
Research Question 3: What are the possible things that people can do just to gain money
2. We can go to offices and make chores easily.

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THE PROFOUND GREED: UNDERSTANDING HUMAN…

THE PROFOUND GREED: UNDERSTANDING HUMAN BEHAVIOR REGARDING

THEIR NECESSITY OF HAVING MONEY

Faculty of Senior High School

Our Lady of Fatima University

In Partial Fulfillment of the

Our Lady of Fatima University

to have certain behaviors.

change their behaviors.

just to gain money.

Our Lady of Fatima University

2.0 Theoretical Framework

Our Lady of Fatima University

impact on professional behavior in the financial world.

2.1 Problem Statement

with the following questions:

Research Question 2: Can a person be greedy for other individuals? Why?

3.1 Research Design

and preconceived assumptions about human experiences,

feelings, and responses to a particular situation.

state their own experiences.

Our Lady of Fatima University

3.2 Research Locale

regarding our topic.

3.3 Research Population and Sampling / Key Informant Selection

than having to collect data from unknown individuals.

family members or friends as a respondent.

3.4 Research Ethics

Our Lady of Fatima University

studies purpose only.

references that will be used.

3.5 Research Instruments

participants answers, but there will be restrictions.

3.6 Data Collection

3.7 Data Analysis

(1991) stages of organizing data

Our Lady of Fatima University

that reflected the participants lived experiences (Giorgi,1986).

demographic background is included to support the following data.

Theme Emerged Significant Statements

“I can say that there has a big change in

Our Lady of Fatima University

hands. Because I treat myself as a

“For me money can affect the most. Because

Huge Influences of Money “Yes, because money has a big influences in

“I think, its a yes. Because other people can

“First is in terms of work and/or business.

“I can go to canteens just to have and earn

“We can go to offices and make chores

Our Lady of Fatima University

Unavoidable Greed “Yes, because when we have money. We

“Yes, because I already feel that kind of

4.1 Money Dependence/ Too Dependent when it comes to Money

Because i treat myself as a superior.”

they could actually do what they want.

4.2 Huge Influences of Money

“Yes, because money has a big influences in each one of us.”

Our Lady of Fatima University

influence for us to do such things.

4.3 Proper Ways to Gain Money

begging or donation in help of other people.”

“I can go to canteens just to have and earn money.”