This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that …

require greater risk-taking than more incremental approaches. To understand how managers respond to uncertainty when making …' personal risk preferences and found that decision-makers who are more tolerant of risk were more likely to fund breakthrough … projects. The results suggest that the risk preferences of managers in charge of research investments may have an oversized …

expected utility paradigm in decision making substantially underestimates society's willingness to pay to reduce risk in small …

We propose a model where investors hire fund managers to invest either in risky bonds or in riskless assets. Some … managers have superior information on the default probability. Looking at the past performance, investors update beliefs on … their managers and make firing decisions. This leads to career concerns which affect investment decisions, generating a …

to forgo the potentially valuable private information of their managers. We study the introduction of job testing across … 15 firms employing low-skilled service sector workers. When faced with similar applicant pools, we find that managers who … appear to hire against test recommendations end up with worse average hires. This suggests that managers often overrule test …

"individualism", the average support for all 4 values, a moral stance orthogonal to the left-right divide. We ground this measure of … individualism in the sociology of Emile Durkheim …