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drilling). We conclude with ideas to help people manage and communicate about risk. <i>This paper was accepted by Teck Ho …
Persistent link: https://www.econbiz.de/10010990482
Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated … during decisions under risk and which neural processes underly (risky) investment decisions are important goals in … interpretable low-dimensional dynamic factors without large loss of variability. Further, we classify the risk attitudes of all …
Persistent link: https://www.econbiz.de/10010998742
Social and economic exchanges often occur between strangers who cannot rely on past behavior or the prospect of future interactions to establish mutual trust. Game theorists formalize this problem in several "one-shot? game ? such as the trust game - predicting noncooperation ? since the...
Persistent link: https://www.econbiz.de/10010852465
Justification for Writing This Paper. the Essential Features of the Model of Risk-Taking Discussed Here Have Been Presented in …
Persistent link: https://www.econbiz.de/10005353240
Persistent link: https://www.econbiz.de/10005357587
Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an ambiguous alternative in their possession for an unambiguous one? We present three experiments in which individuals preferred to retain the former. This status quo bias emerged both...
Persistent link: https://www.econbiz.de/10010547457
(i) judgments of probability, which are assumed to satisfy support theory; and (ii) decisions under risk, which are …
Persistent link: https://www.econbiz.de/10009214756
safer about the situation. We distinguish perceived ("felt") risk from calculated statistical risk and propose that lower … levels of perceived risk encourage people with near-miss information to make riskier subsequent decisions compared to people …-miss information leads people to choose a riskier alternative because of a lower perceived risk following near-miss events. We explore …
Persistent link: https://www.econbiz.de/10009214908
The author analyzes theoretical sources with the view of operationalization and systemization of the notions of risk as … well as the notions that are connected to it. This article provides a detailed overview of the definition of risk and its … components; it also identifies external and internal sources of uncertainty as one of the main components of risk situation. This …
Persistent link: https://www.econbiz.de/10009646198
Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated … during decisions under risk and which neural processes underly (risky) investment decisions are important goals in …-related activations in space and dynamics in time. Further, we classify the risk attitudes of all subjects based on the estimated …
Persistent link: https://www.econbiz.de/10009364994