In this paper we study "investment tournaments," a class of decision problems that involve gradual allocation of … investment among several alternatives whose values are subject to exogenous shocks. The decision-maker's payoff is determined by … broad range of cases it is optimal for the decision-maker in each time period to allocate all resources to the most …

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the … of risky decision making …

The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a … parametric model of risky decision making. Our results suggest that models which provide for probability transformations are most …

interference. In a new laboratory experiment on cued recall, participants are shown two groups of images with different …

We use an experiment with commercial bank loan officers to test how performance based compensation affects risk …

In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … business continuity. Taken together, this article offers the foundation for a behaviorally plausible, decision …-centered perspective on organizational decision-making under uncertainty …