One apparent reason for deferring a decision – abstaining from choosing, leaving the decision open to be taken by someone else, one’s later self, or nature – is for lack of sufficient confidence in the relevant beliefs. This paper develops an axiomatic theory of decision in situations...

We study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity risk leads managers to increase corporate cash holdings and to express more concerns about hurricane risk in...

The impact of social processes in working groups becomes a great managerial interest, being given the organizational tendency to direct itself towards team work. To support the performance of group, research in management carried a particular accent on the cognitive aspect of the interpersonal...