| Description |
1 online resource (xiv, 224 pages) : illustrations, color portraits |
| Contents |
Introduction -- Part 1. Literature review and research gaps -- Theoretical basis -- Reference-dependent preferences -- Part 2. Empirical investigations -- Research approach -- First experimental study: A second look at expectations as reference points--the domain of losses -- Second experimental study: Personality traits and their influence on reference point formation in the domains of gains and losses -- Third experimental study: Managerial reference point formation: risk, affects, and ownership -- Part 3. Summary and discussion -- Summary, implications, and outlook -- Bibliography -- Questionnaires applied in this study |
| Summary |
"Most of our daily decisions are made under uncertainty and risk, without complete information about all relevant aspects. We all constantly make such decisions, from the simplest "should I take my raincoat today?" to more serious examples, such as those on investment and portfolio decisions, holding of shares, insurance patterns, or negotiation processes. Within these situations, the bounded rationality of individuals and institutions towards risk and uncertainty is embedded. The central theory underlying this study is prospect theory, an adequate model to predict the real and most often bounded rationality of human behavior given certain incentives, preferences, and constraints. Evelyn Stommel investigates a crucial question within behavioral economics, namely the research on reference points within human decision making processes. Based on experimental investigations, she focuses three key challenges: what constitutes a reference point, the process of the formation of a reference point, and factors influencing the formation of reference points."--Publisher's description |
| Analysis |
Economics |
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Business planning |
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Economics/Management Science |
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Organization/Planning |
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Prospect theory |
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Reference points |
| Notes |
Diss. Otto Beisheim School of Management 2012 |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF title page (SpringerLink, viewed July 18, 2013) |
| Subject |
Economics -- Decision making
|
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Business planning.
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BUSINESS & ECONOMICS -- Forecasting.
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Science économique.
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Affaires.
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Business planning
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Economics -- Decision making
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Entscheidungsverhalten
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Präferenz
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Bezugssystem
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Prospect-Theorie
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| Genre/Form |
dissertations.
|
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Academic theses
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|
Academic theses.
|
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Thèses et écrits académiques.
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| Form |
Electronic book
|
| ISBN |
9783658006358 |
|
3658006358 |
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365800634X |
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9783658006341 |
|
