Results 251 to 260 of about 51,631 (281)
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SSRN Electronic Journal, 2012
This paper examines how risk behavior in the limelight differs from that in anonymity. In two separate experiments we find that subjects are more risk averse in the limelight. However, risky choices are similarly path dependent in the different treatments.
Baltussen, G. +2 more
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This paper examines how risk behavior in the limelight differs from that in anonymity. In two separate experiments we find that subjects are more risk averse in the limelight. However, risky choices are similarly path dependent in the different treatments.
Baltussen, G. +2 more
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Risky Choices and Correlated Background Risk
Management Science, 2005The analysis of a risky project should take into account not only uncertainties about the return from that project (“project risk”), but also uncertainties associated with other ongoing projects and with exogenous factors that can impact final wealth (“background risk”).
Ilia Tsetlin, Robert L. Winkler
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Journal of Organizational Behavior
SummaryWe present a novel theoretical framework to explain the impact of rank positions on decision‐makers' choices between more risky and less risky options. We do so by providing an analysis of the motivational effects of ranks that progresses through three levels of specificity: the broad “motive” level, an intermediate “goal” level, and a low level
Hamstra, Melvyn, Higgins, Edward Tory
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SummaryWe present a novel theoretical framework to explain the impact of rank positions on decision‐makers' choices between more risky and less risky options. We do so by providing an analysis of the motivational effects of ranks that progresses through three levels of specificity: the broad “motive” level, an intermediate “goal” level, and a low level
Hamstra, Melvyn, Higgins, Edward Tory
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2002
This chapter connects assumptions about probability distributions, decision makers’ risk attitudes, and the resulting methods used to order risky choices. The methods we discuss are consistent with the expected utility hypothesis because up to this point in time no alternative for decision making under risk has gained widespread acceptance.
Lindon J. Robison, Robert J. Myers
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This chapter connects assumptions about probability distributions, decision makers’ risk attitudes, and the resulting methods used to order risky choices. The methods we discuss are consistent with the expected utility hypothesis because up to this point in time no alternative for decision making under risk has gained widespread acceptance.
Lindon J. Robison, Robert J. Myers
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International Journal of Industrial Organization, 2001
Abstract In vertical product differentiation with a stochastic research technology, firms should target their research at different quality levels for efficiency. In a natural monopoly where the top firm finds it most profitable to sell to the whole market, the incentives for risk-taking and for firms to differentiate their targeted qualities are ...
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Abstract In vertical product differentiation with a stochastic research technology, firms should target their research at different quality levels for efficiency. In a natural monopoly where the top firm finds it most profitable to sell to the whole market, the incentives for risk-taking and for firms to differentiate their targeted qualities are ...
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Journal of Mathematical Psychology, 1968
Abstract If a preference relation on a set is a semiorder then the indifference relation is not necessarily transitive. However, if a preference relation on a set of probability distributions is a semiorder and satisfies a simple sure-thing axiom, then indifference is transitive.
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Abstract If a preference relation on a set is a semiorder then the indifference relation is not necessarily transitive. However, if a preference relation on a set of probability distributions is a semiorder and satisfies a simple sure-thing axiom, then indifference is transitive.
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2017
When we decide to cross the road, buy a lottery ticket, or invest our money, the decision involves risk and uncertainty. ‘Risky choices’ looks at how economists usually think of risk as quantifiable—in the form of expected utility theory—but behavioural economists challenge this understanding of risk. Daniel Kahneman and Amos Tversky developed prospect
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When we decide to cross the road, buy a lottery ticket, or invest our money, the decision involves risk and uncertainty. ‘Risky choices’ looks at how economists usually think of risk as quantifiable—in the form of expected utility theory—but behavioural economists challenge this understanding of risk. Daniel Kahneman and Amos Tversky developed prospect
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Sequential sampling and paradoxes of risky choice
Psychonomic Bulletin & Review, 2014The common-ratio, common-consequence, reflection, and event-splitting effects are some of the best-known findings in decision-making research. They represent robust violations of expected utility theory, and together form a benchmark against which descriptive theories of risky choice are tested.
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CRITERIA FOR CHOICE AMONG RISKY VENTURES
Journal of Political Economy, 1959The following sections are included:THE SUBGOALSUBGOALS AND SUBJECTIVE UTILITYINDIVIDUAL RISK PREFERENCETHE NEED FOR AN OBJECTIVE ...
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