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What factors influence a state-owned enterprise in a transition economy to choose between alternative technology acquisition strategies? This study uses two frameworks developed in the context of industrialized economies -transition costs economics and organizational capacities-to propose...
Persistent link: https://www.econbiz.de/10005207860
We propose a theory to manage the uneasy relation between strategic choice, chance, and determinism (or inevitability). To do so, we locate arguments in intellectual history that have a clear bearing on this relation. We introduce and defend four conjectures that outline the relationship between...
Persistent link: https://www.econbiz.de/10010783751
In January 2005, President Bush announced the Vision for Space Exploration. This vision involved a progressive expansion of human capabilities beyond Low Earth Orbit beginning with a return to the moon no later than 2020. Current design processes utilized to meet this vision employ performance...
Persistent link: https://www.econbiz.de/10009475958
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experiment <p> where groups of investors (varied by experience) were asked to <p> make investment allocation decisions based on … financial information and <p> on supplementary environmental information (varied between cases). As <p> an investment allocation …> information. The findings suggest that environmental information has <p> the potential to influence investment allocation …
Persistent link: https://www.econbiz.de/10005802394
This paper introduces a unified model for organizational change that is designed to help change analysts think through the decision-making process. Most organizational leaders do not manage change effectively because they fail to acquire the minimum amount of information necessary to make a...
Persistent link: https://www.econbiz.de/10009474988
Several countries practice a system where laymen, who lack legal education, participate in the judicial decision making. Yet, little is known about their potential influence on the court rulings. In Sweden lay judges (namndeman) are affiliated with the political parties and appointed in...
Persistent link: https://www.econbiz.de/10011406160
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following trade-off: adding a good to the choice set has a positive option value but increases the complexity of the choice problem. The increased complexity is modeled as a reduction of...
Persistent link: https://www.econbiz.de/10010322636
In this paper we propose the use of preferred outcome distributions as a new method to elicit individuals' value and probability weighting functions in decisions under risk. Extant approaches for the elicitation of these two key ingredients of individuals' risk attitude typically rely on a long,...
Persistent link: https://www.econbiz.de/10010326260