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This review considers two explanations for behavioral decision-making in reference to the certainty and framing effects …
Persistent link: https://www.econbiz.de/10010956046
neuroscience of risky decision making. These findings include memory interference (worse verbatim memory is associated with better … reasoning); nonnumerical framing (framing effects increase when numbers are deleted from decision problems); developmental … decreases in gray matter and increases in brain connectivity; developmental reversals in memory, judgment, and decision making …
Persistent link: https://www.econbiz.de/10010550650
effect of framing on decision making. Two additional experiments investigated effects of valence biases on risky decision … produced risk-seeking (risk-averse) decision behavior by enhancing the salience of win- or loss-related information in a … gambling task with ambivalent color stimuli (Experiment 2) and by enhancing the impact of gain or loss outcomes on decision …
Persistent link: https://www.econbiz.de/10010682426
Market orientation has been cited as a source of competitive advantage that allows the firm to construct offerings superior to those of competitors by the effective collection and dissemination of and reaction to market intelligence. Previous work on market orientation has focused on the effort...
Persistent link: https://www.econbiz.de/10009441806
This dissertation studies two interesting business cycle issues. Thefirst issue concerns the effectiveness of tax policies in stimulatingan economic recovery. The second issue concerns the costs ofbusiness cycle fluctuations to an investor who chooses to invest inrisky assets. The first essay...
Persistent link: https://www.econbiz.de/10009468608
This dissertation studies two interesting business cycle issues. The first issue concerns the effectiveness of tax policies in stimulating an economic recovery. The second issue concerns the costs of business cycle fluctuations to an investor who chooses to invest in risky assets. The first...
Persistent link: https://www.econbiz.de/10009451066
The consumption capital asset pricing model is the standard economic model used to capture stock market behavior. However, empirical tests have pointed out to its inability to account quantitatively for the high average rate of return and volatility of stocks over time for plausible parameter...
Persistent link: https://www.econbiz.de/10009430235
Persistent link: https://www.econbiz.de/10002793332
This paper tests whether utility is the same for risk and for uncertainty. This test is critical for models that capture ambiguity aversion through a difference in event weighting between risk and uncertainty, like the multiple priors models and prospect theory. We present a new method to...
Persistent link: https://www.econbiz.de/10010969007
Deviations from normality in financial return series have led to the development of alternative portfolio selection models. One such model is the downside risk model, whereby the investor maximizes his return given a downside risk constraint. In this paper we empirically observe the...
Persistent link: https://www.econbiz.de/10010986470