effect of severe financial losses on risk taking, contrasting with the traditional assumption that such preferences are …

Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on … was subsequently cited. results from two wide-ranging surveys, one in Germany and one in the United States, support … expiration in environments such as Germany with highly progressive annual maintenance fees are more valuable and more highly …

more concerned about not catching good risk projects when the perceived state of the economy improves, while they are more … concerned about being induced to finance bad risk projects when conditions deteriorate. A monopoly bank provides the socially … to undermine the incentives to avoid decision errors regarding both good and bad risk projects providing too limited …