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Increasingly, business clients are actively leading information systems (IS) projects, often in collaboration with IS professionals, and they are exercising a greater degree of project control. Control is defined as all attempts to motivate individuals to achieve desired objectives, and it can...
Persistent link: https://www.econbiz.de/10009214046
extends Loewenstein's (1988) framing model of intertemporal choice to negative outcomes and uses the resulting predictions to …
Persistent link: https://www.econbiz.de/10009209278
Two apparently similar methods for making numerical judgments about a set of objects (point allocation and direct rating) have been shown to yield different profiles of values (here, numerical judgments) attached to Ranks. Direct rating typically leads to a nearly linear relationship of Value...
Persistent link: https://www.econbiz.de/10009203884
Previous results on nonlinear risk-return associations, predicted by prospect theory, are replicated with mean quadratic differences instead of variance as a measure of risk. In contrast to assumptions of these studies, results with a sample from the COMPUSTAT-database provide evidence that at...
Persistent link: https://www.econbiz.de/10009208594
Certainty equivalence (CE) and probability equivalence (PE) methods are the two most frequently used procedures for constructing von Neumann-Morgenstern utility functions. In this paper, we compare these methods experimentally, using a two-stage within-subject design. By asking subjects first...
Persistent link: https://www.econbiz.de/10009191579
under risk. Econometrica 47(2) 363--391.) explains many of these "framing" effects as shifts in the point of reference from …
Persistent link: https://www.econbiz.de/10009197388