One of the most intriguing questions in insurance is the preference of consumers for low or zero deductible insurance policies. This stands in sharp contrast to a theorem proved by Mossin, 1968, that under quite common assumptions when the price of insurance is higher than its actuarial value,...

One of the most intriguing questions in insurance is the preference of consumers to buy low or no deductible insurance policies. This stands in sharp contrast to the theorem, proved by Mossin, 1968, that when the price of insurance is higher than its actuarial value, then under quite reasonable...

Research summary: This study draws on the resource-based view and the behavioral theory of the firm to gain new insights about the effect of performance relative to aspiration level (i.e., performance feedback) on the decision to enter new markets. Results show an inverted U-shaped relationship...

This paper compares the trading patterns of amateur and professional investors during the days following the weekend. The comparison is based on all the daily transactions of a sample of both amateurs and professionally managed investors in a major brokerage house in Israel from 1994 to1998. We...

One of the major problems of managerial behavior is the setting of priorities.Time is a scarce resource and managers have to find ways to deal with the multiple tasksthat face them. This paper addresses the issue of priority-setting among tasks bymanagers by proposing analogies from job-shop...

This paper investigates the effect of compensation of corporate personnel on their investment in new technologies. To that end, we focus on a specific corporate activity, namely Corporate Venture Capital (CVC), describing minority equity investment by established firms in entrepreneurial...