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On the basis of a laboratory experiment conducted at FAU, we investigated financial decisions under risk and ambiguity …-averse. The numberof irrationally risk-averse subjects was higher in the case of ambiguity, when the probabilities of the …
Persistent link: https://www.econbiz.de/10012112439
being outcome ambiguous and witch effects are responsible. Outcome ambiguity exists if consumers do not see an option …'s attributes as fix values but as intervals or minimum values. Although people experience outcome ambiguity in many cases little is …
Persistent link: https://www.econbiz.de/10009482313
Ausgangspunkt sind die bekannten empirischen Verstöße gegen Axiome der Bernoulli-Rationalität und die Diskussion um seine präskriptive Ausschließlichkeit. Der Beitrag teilt Nichterwartungsnutzenkalküle in Kategorien ein, die sich für eine Modellierung unterschiedlicher Arten von...
Persistent link: https://www.econbiz.de/10009005121
uncertainty on the ?market for lemons? of Akerlof (1970) to ?quality ambiguity? with credence goods. The model shows the market …
Persistent link: https://www.econbiz.de/10011342061
Persistent link: https://www.econbiz.de/10002217303
On the basis of a laboratory experiment conducted at FAU, we investigated financial decisions under risk and ambiguity …-averse. The number of irrationally risk-averse subjects was higher in the case of ambiguity, when the probabilities of the …
Persistent link: https://www.econbiz.de/10012051419
Two rationality arguments are used to justify the link between conditional and unconditional preferences in decision theory: dynamic consistency and consequentialism. Dynamic consistency requires that ex ante contingent choices are respected by updated preferences. Consequentialism states that...
Persistent link: https://www.econbiz.de/10003874793
Werte sind eine Art Kompass, die unsere Haltung und unser Verhalten leiten. Jene Werte, die während der Kindheit und Jugend im Elternhaus erlernt werden, prägen unsere frühe Identitätsbildung und Berufsorientierung. In Unternehmerfamilien ist die Sozialisation der Nachkommen zusätzlich...
Persistent link: https://www.econbiz.de/10014631711
The importance of a family firm's specific culture has been widely discussed in family business research. The interplay between family and business gives rise to values that underlie the culture of such firms. Although family business research is centrally concerned with these values, the...
Persistent link: https://www.econbiz.de/10013439903
Dieser Text skizziert aus ordonomischer Perspektive einige Thesen, die die Diskussion über Führung in Wirtschaft und Politik anregen sollen.
Persistent link: https://www.econbiz.de/10011733885