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Information, intelligence and resource advantage: A multi-market multi-theoretic call for research

Adams, Frank G.; Richey Jr., R. Glenn; Harvey, Michael G.; … - 2010

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

WTP and WTA for Non-GM and GM Food: UK Consumers

Moon, Wanki; Balasubramanian, Siva K.; Rimal, Arbindra - 2006

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

Risk Attitudes of Children and Adults : Choices over Small and Large Probability Gains and Losses

Harbaugh, William; Krause, Kate; Vesterlund, Lise - 2001

45 p.

Persistent link: https://www.econbiz.de/10009447373

Gains and losses in the eyes of the beholder: a comparative study of foreign policy decision making under risk

Mintz, Alex (contributor) - 2004

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 … domain of losses. Although prospect theory made significant contributions to decision theory, it has important limitations …

Persistent link: https://www.econbiz.de/10009465180

Judgments under competition and uncertainty : empirical evidence from online-poker

Engelbergs, Jörg - 2010

, heuristics and biases affect human decision-making. This work adds to these findings by providing empirical evidence for … behavioral patterns in decision-making in a competitive game with uncertainty. The poker environment offers a promising … approaches from decision theory. Furthermore, we show why playing poker is similar to trading in a financial market. After …

Persistent link: https://www.econbiz.de/10009467402

Two Essays in Business Cycle Theory

Ahmad, Nazneen - 2005

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

Prospect Theory and Market Liquidity

Pasquariello, Paolo - 2008

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

Two Essays in Business Cycle Theory

Ahmad, Nazneen - 2005

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

Asset Pricing with Heterogeneous Agents, Incomplete Markets and Trading Constraints

Karagyozova, Tsvetanka - 2007

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

A Choice Prediction Competition: Choices From Experience and From Description

Roth, Alvin E.; Erev, Ido; Ert, Eyal; Haruvy, Ernan; … - 2009

generated the two datasets used the same methods and subject pool, and examined decision problems randomly selected from the …

Persistent link: https://www.econbiz.de/10009431925