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In analyzing the distinctive contribution of foreign subsidiaries and domestic firms to productivity growth in aggregate Belgian manufacturing, this paper shows that foreign ownership is an important source of firm heterogeneity affecting productivity dynamics. Foreign firms have contributed...
Persistent link: https://www.econbiz.de/10005704962
The mathematical representation of Brunswik’s lens model has been used extensively to study human judgment and provides a unique opportunity to conduct a meta-analysis of studies that covers roughly five decades. Specifically, we analyze statistics of the “lens model equation” (Tucker,...
Persistent link: https://www.econbiz.de/10005827439
Given the current economic environment, high-growth companies are particularly relevant for their contribution to employment generation and wealth. This paper discusses the results of a survey that was conducted in order to gain a deeper understanding of high-growth cooperatives through...
Persistent link: https://www.econbiz.de/10009321523
of perceived risk were short-term in nature and involved “loss of time or materials” related to work and “physical damage …, and types of risk on assessments of risk. Specifically, females do not differ from males in assessing the potential … positive self-reported emotional states. We further demonstrate the potential of ESM by showing that risk assessments …
Persistent link: https://www.econbiz.de/10005772021
Recent research has highlighted the notion that people can make judgments and choices by means of two systems that are labeled here tacit (or intuitive) and deliberate (or analytic). Whereas most decisions typically involve both systems, this chapter examines the conditions under which each...
Persistent link: https://www.econbiz.de/10005772107
When can a single variable be more accurate in binary choice than multiple sources of information? We derive analytically the probability that a single variable (SV) will correctly predict one of two choices when both criterion and predictor are continuous variables. We further provide analogous...
Persistent link: https://www.econbiz.de/10005772123
Whereas people are typically thought to be better off with more choices, studies show that they often prefer to choose from small as opposed to large sets of alternatives. We propose that satisfaction from choice is an inverted U-shaped function of the number of alternatives. This proposition is...
Persistent link: https://www.econbiz.de/10005772149
An important problem in descriptive and prescriptive research in decision making is to identify “regions of rationality,” i.e., the areas for which heuristics are and are not effective. To map the contours of such regions, we derive probabilities that heuristics identify the best of m...
Persistent link: https://www.econbiz.de/10005772221
Research on judgment and decision making presents a confusing picture of human abilities. For example, much research has emphasized the dysfunctional aspects of judgmental heuristics, and yet, other findings suggest that these can be highly effective. A further line of research has modeled...
Persistent link: https://www.econbiz.de/10005772356
Confidence in decision making is an important dimension of managerial behavior. However, what is the relation between confidence, on the one hand, and the fact of receiving or expecting to receive feedback on decisions taken, on the other hand? To explore this and related issues in the context...
Persistent link: https://www.econbiz.de/10005772371