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? An innovating firm risks cannibalizing its existing products. The more profitable these products, the more the firm wants …
Persistent link: https://www.econbiz.de/10014346584
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013034169
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations—innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013018152
in California and show it decreased registration rates. Similarly, a "field in the lab" experiment run on actual organ …
Persistent link: https://www.econbiz.de/10013049001
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10013050303
-scale randomized field experiment in which research subjects having difficulty making a decision flipped a coin to help determine their …
Persistent link: https://www.econbiz.de/10012985583
A growing literature associates poverty with biases in decision-making. We investigate this link in a sample of over 3 … constraints increase decision stakes, we also show that trading probabilities increase when the value of the items involved is …
Persistent link: https://www.econbiz.de/10012861726
who were randomly assigned to different temperatures in a laboratory. We find that most dimensions of decision-making are …
Persistent link: https://www.econbiz.de/10012871408
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 …
Persistent link: https://www.econbiz.de/10012760030
neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such …
Persistent link: https://www.econbiz.de/10013078307