New paradoxes of risky decision making.
MH Birnbaum - Psychological review, 2008 - psycnet.apa.org
During the last 25 years, prospect theory and its successor, cumulative prospect theory,
replaced expected utility as the dominant descriptive theories of risky decision making …
replaced expected utility as the dominant descriptive theories of risky decision making …
In the horns of the dilemma: Socioemotional wealth, financial wealth, and acquisitions in family firms
LR Gomez-Mejia, PC Patel… - Journal of …, 2018 - journals.sagepub.com
We posit that family firms often face a dilemma in their strategic decision making: whether to
maintain current socioemotional wealth or pursue prospective financial wealth. Applying …
maintain current socioemotional wealth or pursue prospective financial wealth. Applying …
The role of mental accounting in household spending and investing decisions
This chapter reviews recent advances in the literature on mental accounting-the process by
which people group expenses into categories, assign funds to these categories, determine …
which people group expenses into categories, assign funds to these categories, determine …
Gender, financial risk, and probability weights
H Fehr-Duda, M De Gennaro, R Schubert - Theory and decision, 2006 - Springer
Women are commonly stereotyped as more risk averse than men in financial decision
making. In this paper we examine whether this stereotype reflects gender differences in …
making. In this paper we examine whether this stereotype reflects gender differences in …
Executive stock options as mixed gambles: Revisiting the behavioral agency model
Conceiving of stock options as providing CEOs with cues for the possibility of both greater
prospective wealth and losses to current wealth, we revisit predictions of the behavioral …
prospective wealth and losses to current wealth, we revisit predictions of the behavioral …
Prospect theory and the brain
Publisher Summary This chapter highlights the behavioral and neuroscience work on the
prospect theory and the neuroscience of behavioral decision-making. Several applications …
prospect theory and the neuroscience of behavioral decision-making. Several applications …
BestAmong the Worst or Worst Among the Best? Socioemotional Wealth and Risk-Performance Returns for Family and Non-family Firms Under Financial Distress
A firm's proactive engagement in risk, which has been deeply intertwined with the
entrepreneurship literature, is essential to sustaining a firm's long-term competitive …
entrepreneurship literature, is essential to sustaining a firm's long-term competitive …
Heavy lies the crown? How job anxiety affects top executive decision making in gain and loss contexts
Research summary: Despite abundant anecdotal evidence that many top executives
experience anxiety in their jobs, the upper echelons literature has remained largely silent on …
experience anxiety in their jobs, the upper echelons literature has remained largely silent on …
A prospect theory-based interval dynamic reference point method for emergency decision making
Urgent or critical situations, such as terrorist attacks and natural disasters, often require
decision makers (DMs) to take crucial decisions. Emergency decision making (EDM) …
decision makers (DMs) to take crucial decisions. Emergency decision making (EDM) …
Risk aversion in cumulative prospect theory
This paper characterizes the conditions for strong risk aversion and second-order stochastic
dominance for cumulative prospect theory. Strong risk aversion implies a convex weighting …
dominance for cumulative prospect theory. Strong risk aversion implies a convex weighting …