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Towards a Purely Behavioral Definition of Loss Aversion
Ghossoub, Mario - Volkswirtschaftliche Fakultät, … - 2011
This paper suggests a behavioral, preference-based definition of loss aversion for decision under risk. This definition is based on the initial intuition of Markowitz [30] and Kahneman and Tversky [19] that most individuals dislike symmetric bets, and that the aversion to such bets increases...
Persistent link: https://www.econbiz.de/10011258441
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Tempus Fugit: Time Pressure in Risky Decisions
Kocher, Martin G.; Pahlke, Julius; Trautmann, Stefan T. - Volkswirtschaftliche Fakultät, … - 2011
We study the effects of time pressure on risky decisions for pure gain prospects, pure loss prospects, and mixed prospects involving both gains and losses. In an experiment we find that risk aversion for gains is robust under time pressure whereas risk seeking for losses turns into risk aversion...
Persistent link: https://www.econbiz.de/10009001409
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Loss aversion, social comparison and physical abilities at younge age
Nakamoto, Yasuhiro; Sato, Masayuki - Volkswirtschaftliche Fakultät, … - 2011
We examine how physical abilities affect individuals' preferences. In particular, by incorporating social comparison into prospect theory, we directly estimate the degree of loss aversion from social comparison, a concept we term `ALJ' (\textit{Avoiding Loss relative to the Joneses}). Our main...
Persistent link: https://www.econbiz.de/10009207097
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Investment Decisions: Are we fully-Rational?
Pereira Reichhardt, Joaquín; Iqbal, Tabassum - Volkswirtschaftliche Fakultät, … - 2014
The purpose of this paper is to understand the reasons behind financial market behavior that often does not match that proposed by classic finance models. In particular, this work tests the fully-rational agents assumption made by classic finance to explain investment decisions under...
Persistent link: https://www.econbiz.de/10011110084
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Bounded rationality: psychology, economics and the financial crisis
Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2012
Classical mathematical algorithms often fail to identify in time when the international financial crises occur although, as the classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and behave also rationally. This contribution does...
Persistent link: https://www.econbiz.de/10011114277
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The way things are done here – Polish entrepreneurship - having endowned heritage or burden?
Starnawska, Marzena - Volkswirtschaftliche Fakultät, … - 2009
Using case study analysis based on in-depth interviews we aim to extend the entrepreneurship research in transition … context in Poland. Entrepreneurship models build in America and Western Europe do not picture the specifics of … entrepreneurship in transition economies. The author reviews concepts and theses on entrepreneurship in this context and argues that …
Persistent link: https://www.econbiz.de/10011259343
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Entrepreneurship: what´s happening?
Martinho, Vítor João Pereira Domingues - Volkswirtschaftliche Fakultät, … - 2010
Much has been said lately about entrepreneurship, so it seems important to leave here some personal analysis on this …
Persistent link: https://www.econbiz.de/10009211239
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Entrepreneurship: some considerations
Martinho, Vítor João Pereira Domingues - Volkswirtschaftliche Fakultät, … - 2010
In this work it is presented some considerations about entrepreneurship. Most of these questions are linked with …
Persistent link: https://www.econbiz.de/10009211241
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Entrepreneurship - Methodische Herausforderungen einer jungen Forschungsdisziplin
Schuster, Charlotte Leonie - Volkswirtschaftliche Fakultät, … - 2013
found, if entrepreneurship is to be understood as an independent research discipline. Should entrepreneurship have its own … methodological challenges. In addition, data bases in entrepreneurship are often small and difficult to access and therefore restrict … arise for empirical entrepreneurship research? Based on a literature review and an outline of the state of research, it will …
Persistent link: https://www.econbiz.de/10011114564
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e-Entrepreneurship
Manuel, Eduardo - Volkswirtschaftliche Fakultät, … - 2006
This paper has as objective to refer the theme “e-Entrepreneurship” having as reference companies of the United States …
Persistent link: https://www.econbiz.de/10005787202