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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
estimates. The role of risk perceptions in explaining this discrepancy is congruent with consumers'’ propensity toward loss …
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
Playing poker has many aspects in common with the making of business decisions. Agents act in a strategically rich, dynamic environment, where they are repeatedly facing competition under uncertain prospects. Their main goal is to maximize their resources. However simple this goal is put down,...
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
better-informed speculators displays preferences consistent with Kahneman and Tversky’s (1979) Prospect Theory, i.e., loss …, 2000). Loss aversion induces those speculators to trade more cautiously, while risk seeking induces them to trade more … lower and (because of procyclical subjective loss probabilities)countercyclical adverse selection-based market liquidity 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
Economics
Persistent link: https://www.econbiz.de/10009431925