Results 121 to 130 of about 76,828 (293)
Decision Threshold Setting in Binary Classification Problems—A Behavioral Lens
Journal of Operations Management, EarlyView.ABSTRACT When binary classification models are wrong, managers face misclassification costs. Although false positive outcomes imply unnecessary mitigation efforts, false negative outcomes imply overlooking the class of interest. Humans calibrate these ai models supporting operational systems by adjusting the decision threshold that translates ...
Patrick Moder, Kai Hoberg, Felix Papier
wiley +1 more source
Confidence and ambiguity [PDF]
This paper proposes a model of the decision-maker’s confidence in his probability judgements, in terms of an implausibility measure – a real-valued function on the set of probability functions.
Hill, Brian
core
The effect of ambiguity aversion on reward scheme choice [PDF]
, 2012 We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. Models of ambiguity aversion suggest that, under ambiguity, comparative compensation schemes may become more attractive than independent wage contracts.
Kellner, Christian, Riener, Gerhard
core
Strategic Change, EarlyView.ABSTRACT This article presents a decade of research on Open Data Business Models (ODBM), aiming to identify conceptual gaps, categorize thematic trends, and propose an integrative framework. This paper, based on a systematic literature review (SLR) of 60 peer‐reviewed studies, develops a coherent framework that explains how ODBMs are formed, adapted ...
Saeed Rouhani +3 more
wiley +1 more source
Ambiguity and Volatility: Asset Pricing Implications [PDF]
Using a simple dynamic consumption-based asset pricing model, this paper explores the implications of a representative investor with smooth ambiguity averse preferences [Klibano¤, Marinacci and Mukerji, Econometrica (2005)] and provides a comparative ...
Pataracchia, B.
core +1 more source
Strategic Change, EarlyView.ABSTRACT This study examines how CEO narcissism shapes corporate diversification strategies, addressing gaps in upper echelon and agency theories. Using a sample of 388 CEOs across 319 firms, we find that narcissistic CEOs drive higher levels of overall corporate diversification but exhibit a strategic trade‐off: they strongly favor unrelated ...
Naima Lassoued, Imen Khanchel
wiley +1 more source
Misbehavioral urban economics [PDF]
Applications of the framework of behavioral economics to questions arising from urban economics are discussed. Directions for future research are outlined.Behavioral urban economics; ambiguity aversion; loss aversion; regional ...
Berliant, Marcus
core +4 more sources
Robust Portfolio Choice under the Modified Constant Elasticity of Variance
MathematicsThis study investigates ambiguity aversion within the framework of a utility-maximizing investor under a modified constant-elasticity-of-volatility (M-CEV) model for the underlying asset.
Wei Li Fan, Marcos Escobar Anel
doaj +1 more source
Recursive Smooth Ambiguity Preferences [PDF]
This paper axiomatizes an intertemporal version of the Smooth Ambiguity decision model developed in Klibanoff, Marinacci, and Mukerji (2005). A key feature of the model is that it achieves a separation between ambiguity, identified as a characteristic of
Massimo Marinacci +2 more
core
Failure in Motion: A Framework for Capability Erosion and Institutional Dysfunction
Strategic Change, EarlyView.ABSTRACT Drawing on the literature on capability erosion and institutional dysfunction (ID), this study develops a conceptual framework that sheds new light on how the interaction between capability erosion and ID creates conditions for business failure across borders. By articulating two dimensions of heterogeneous capability and resource erosion (i.e.
Joseph Amankwah‐Amoah +1 more
wiley +1 more source