Showing 1 - 10 of 39
This paper studies a target-based procedure to rank lotteries that is normatively and observationally equivalent to the expected utility model. In view of this equivalence, the traditional utility-based language for decision making may be substituted with an alternative target-based language....
Persistent link: https://www.econbiz.de/10005118565
This paper describes a parametric family of utility functions for decision analysis. The parameterization is obtained by embedding the HARA class in a four-parameter representation for the risk aversion function. The resulting utility functions have only four shapes: concave, convex, S-shaped,...
Persistent link: https://www.econbiz.de/10005118574
quantification of the “community preference for its perceptions of improved unmeasured quality” in products. The measures are based … output” of goods and services from an entity measure. From this the “community preference for output increases” measure was … preference for its perceptions of improved unmeasured quality” in other entities in an economy is derived. These two community …
Persistent link: https://www.econbiz.de/10005561828
In this working paper it is investigated how affect and cognition interact in consumer decision making. The research … brand choice immediately when the decision is computed in the test person’s brain. In a neuroscientific experiment test … described as neural correlate of Slovic’s affect heuristic concept. …
Persistent link: https://www.econbiz.de/10005125573
affect promote different types of financial choices, and indicate that excessive activation of these circuits may lead to …
Persistent link: https://www.econbiz.de/10005556666
cultural good. Moreover, we provide treatments with different context in order to control for a possible framing effect. Our …
Persistent link: https://www.econbiz.de/10005125593
A “framing” effect occurs when an agent’s choices are not invariant under changes in the way a choice problem is … is whose non-satisfaction may lead to framing effects. We show that (under certain conditions), if (and only if) an agent ….e. dependent on the order in which the propositions are considered. We suggest that different ways of framing a choice problem may …
Persistent link: https://www.econbiz.de/10005135085
cultural good. This is done in a two-stage public-good experiment. We also provide treatments with different context in order … to control for a possible framing effect. Our results show the absence of an effect of cultural education on the …
Persistent link: https://www.econbiz.de/10005062731
earnings-based valuation disregards the firm's relative lack of success in generating cash flows in excess of investment needs …
Persistent link: https://www.econbiz.de/10005134858
Die Studie zeigt, was unter Stakeholder Value verstanden werden kann, wie Shareholder Value und Stakeholder Value gemessen werden können und welche Verbindung zwischen beiden Konzepten besteht. In dieser Studie wird erstmals die Wertbeitragsanalyse von Stakeholderbeziehungen vorgestellt. Anhand...
Persistent link: https://www.econbiz.de/10005062491