This study explains aspects and strategies of critical decision in crisis management. Critical decisions enable organizations to cope with consequential environmental threats or take advantage of important opportunities in the presence of highly restricted time. In particular, critical decisions...

Children are seldom accounted for in household behavioural models. They are usually assumed to have neither the capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated children through the quot;caring preferencesquot; of...

The paper identified ways in which corporate governance reforms are failing and how this situation can be corrected. A basic problem is that corporate governance is not described in outcomes that can be measured but in unmeasurable terms of principles, practices and processes. This means that...

Past literature suggests that success rates in professional basketball are independent of past performance and has been interpreted as evidence that the commonly-shared belief in Hot Hands (HH) is a cognitive illusion. This is often cited as evidence of biased decision-making even when financial...

In this paper we explore the relationship between routine, risk and uncertainty in repeated negotiations. We link our analysis to the analytical framework of Kesting and Smolinski (2007), based on which we identify and discuss three major points: the risk connected with the decision to develop...

We have theoretically developed New Venture Capital Investing Decision Making Mechanism (NVCIDMM) for joint evaluation of the probability of success of business plans and proposing management teams. Using the efficient market theory we prove that the proposed mechanism is better than the...

This paper investigates micro-macro links in stock markets. Empirical investigations on individual investors' decision-making and interactions are used to formalize agent rules for an artificial stock market. Simulation of the social interactions of multiple agents in this market generates macro...

The aim of this paper is to apply the insights of recent research on routine in the context of repeated negotiations. To demonstrate the link between both concepts, we introduce an analytical framework, based on which we identify different negotiation situations in which routine can develop....

Exploding offers, as opposed to normally expiring offers, are coercive, ethically questionable tactics where very often, a more powerful offeror places unreasonable pressure on an offeree to accept the deal on the table. Such offers typically quot;explodequot; or disappear in an unacceptably and...

Existing work on the costs of insecure property has largely focused on the overexploitation problem of common pool resources. We investigate other costs of insecure resources -- including uncertainty costs, lack of tradability, and conflict -- within a setting in which adversaries compete for...