Zobrazeno 1 - 10
of 72
pro vyhledávání: '"Dan J. Laughhunn"'
Publikováno v:
Management Science. 26(12):1238-1249
This paper reports on the risk preferences for below target returns of 224 managers from the U.S. Canada, and Europe. When only non-ruinous losses were involved, 71% of the managers were risk seeking for below target returns. The distribution of risk
Autor:
Dan J. Laughhunn, John W. Payne
Publikováno v:
INFOR: Information Systems and Operational Research. 22:155-181
This paper examines the impact of historical or stmk outcomes on the framing of risky choice problems. Two conflicting views exist in the literature about framitig stich sunk outcomes: framing based on the minimal account (where sunk outcotnes arc ig
Publikováno v:
Management Science. 26(10):1039-1060
Two recent models of risky decision making developed by Fishburn (Fishbijrn, P. C. 1977. Mean-risk analysis with risk associated with below-target returns. Amer. Econ. Rev. 67 116–126.) and by Kahneman and Tversky (Kahneman, D., A. Tversky. 1979. P
Publikováno v:
Management Science. 30:1350-1361
This investigation draws upon concepts from prospect theory (Kahneman and Tversky [Kahneman, D., A. Tversky. 1979. Prospect theory: an analysis of decisions under risk. Econometrica 47 263–291.]) and multiattribute utility theory (Keeney and Raiffa
Publikováno v:
Management Science. 27(8):953-958
This Note extends the work reported in Payne, Laughhunn, and Crum (Payne, J. W., D. J. Laughhunn, R. Crum. 1980. Translation of gambles and aspiration level effects in risky choice behavior. Management Sci. 26 1039–1060.) on the need to incorporate
Publikováno v:
Bell Journal of Economics. 14:517-521
It has been suggested in the economics literature that strongly risk-averse individuals may tend to gravitate toward large monopolistic firms rather than work for more competitive companies. In this article we provide results of an experiment designe
Autor:
D. E. Peterson, Dan J. Laughhunn
Publikováno v:
Management Science. 17:320-336
This paper investigates the potential reduction in decision-making effort in capital budgeting problems obtainable through the use of measures of risk in addition to variance. Specific measures of risk treated are Baumol's lower confidence limit and
Autor:
Dan J. Laughhunn
Publikováno v:
Operations Research. 18:454-461
The purpose of this paper is to present an algorithm for solving the quadratic binary programming problem. Although a problem with this structure may arise in many situations, it is particularly common in capital budgeting when a decision-maker is co
Autor:
Richard M. Burton, Dan J. Laughhunn
Publikováno v:
The Engineering Economist. 16:227-246
Decision rules for the make-buy decision most often assume the form of single-item, incremental cost rules which, for application, require decisions to be made for each item in isolation from all others. While it has been recognized that such decisio
Autor:
Dan J. Laughhunn, Thomas F. Keller
Publikováno v:
Decision Sciences. 4:379-394
The purpose of this paper is to discuss an application of queuing theory as an analytical framework for evaluating the adequacy of physician capacity in an outpatient clinic for medically indigent patients. Specific attention is given to the problems