Showing 1 - 10 of 605
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
In a survey of UK consumers, we elicited their willingness-to-accept (WTA) a discount for GM foods and willingness-to-pay (WTP) a premium for non-GM foods in order to assess their valuation of the non-GM characteristic in food products. Mean WTA exceeds mean WTP, a finding that suggests the...
Persistent link: https://www.econbiz.de/10009443519
Persistent link: https://www.econbiz.de/10009447373
Prospect theory is a descriptive model of individual decision-making under risk (Kahneman and Tversky 1979). The central tenet of prospect theory posits that the risk orientation of decision-makers is affected by the gains vs. losses domains in which they are situated. Individuals are predicted...
Persistent link: https://www.econbiz.de/10009465180
, dynamic environment, where they are repeatedly facing competition under uncertain prospects. Their main goal is to maximize … background to analyze judgments. Poker has a long history, in which it interacted mostly with western culture. It is a game … einem strategisch komplexen, dynamischen Umfeld, in dem sie bei unsicheren Erwartungen wiederholt im Wettbewerb stehen. Ziel …
Persistent link: https://www.econbiz.de/10009467402
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
We study equilibrium trading strategies, market liquidity, and price efficiency in an economy in which a fraction of better-informed speculators displays preferences consistent with Kahneman and Tversky’s (1979) Prospect Theory, i.e., loss aversion, risk seeking over losses, and nonlinear and...
Persistent link: https://www.econbiz.de/10009476764
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
. Each competition was based on two experimental datasets: An estimation dataset, and a competition dataset. The studies that … second (competition) set of experimental sessions. Fourteen teams responded to the challenge: the last seven authors of this … small samples. Merits and limitations of the competition method are discussed. …
Persistent link: https://www.econbiz.de/10009431925