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works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10010324683
We analyse a model of patient decision-making where anxiety about the future characterizes the patient's utility …
Persistent link: https://www.econbiz.de/10011651453
learning mechanisms. On the one hand, real options theory suggests a process based on financial data. On the other hand …, resonates as decision-making based on economic factors in the future. Both types of innovation experience appear to generate … distinct decision-making capabilities inside the firm which are subsequently exploited in selecting projects for the future. …
Persistent link: https://www.econbiz.de/10010298660
This paper examines the production, export and risk management decisions of a risk-averse competitive firm under exchange rate risk. The firm is export flexible in allocating its output to either the domestic market or a foreign market after observing the exchange rate. Export flexibility is...
Persistent link: https://www.econbiz.de/10010324039
We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced … participants generally, we conjecture that they may be due to factors specific to the psychology of decision-making in male …
Persistent link: https://www.econbiz.de/10010269599
decision to take this responsibility in a group is endogenous in many contexts. In this paper, we experimentally study: (1) the … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
genders might interpret the social norms in group decision-making differently. …
Persistent link: https://www.econbiz.de/10010500224
Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial …Der Artikel gibt einen Literaturüberblick zur Fragestellung, warum Unternehmen Risikomanagement betreiben und …
Persistent link: https://www.econbiz.de/10010297586
Central counterparties (CCPs) have increasingly become a cornerstone of financial markets infrastructure. We present a model where trades are time-critical, liquidity is limited and there is limited enforcement of trades. We show a CCP novating trades implements efficient trading behaviour. It...
Persistent link: https://www.econbiz.de/10010303758
We study the implications of the value at risk concept for the bank's optimum amount of equity capital under credit risk. The market value of loans is risky and lognormally distributed. We show that the required equity capital depends upon managerial and market factors. Furthermore, the bank's...
Persistent link: https://www.econbiz.de/10010305454