In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … markets, such as natural disasters, terrorist attacks, and financial crises--as a problem of risk management. This is … business continuity. Taken together, this article offers the foundation for a behaviorally plausible, decision …

ingredients: (a) decision rights can be transferred ex ante through ownership, (b) managers (and possibly workers) enjoy private … assumption that contracts are reference points introduces a friction that permits an analysis of delegation …

organization; and relationships with limited partners. In selecting investments, VCs see the management team as more important than …

. The numerical analysis literature offers many reliable methods, and should be used because alternatives derived from … difference methods from numerical analysis produces far superior approximations than do simple discrete-time systems …

demand for decision-making and explores the consequences for life-cycle earnings. Career earnings growth in the U.S. more … substantial share of this shift is explained by increased employment in decision-intensive occupations, which have longer and more … gradual periods of earnings growth. To understand these patterns, I develop a model that nests decision-making in a standard …

analyze the dynamic effects of feedback on beliefs about own performance and decision-making across two different domains …