A lab test on the decision not to decide
| Autor: | Avichai Snir, Christian Schade |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
L26
Vigilance Buck-passing Corporate finance 03 medical and health sciences 0302 clinical medicine ddc:650 Realmonetary-stakes experiment 0502 economics and business Financial decisions Disinvestment Structure (mathematical logic) Actuarial science Risk aversion 05 social sciences Disposition Conflict theory of decision-making Disinvestment decisions Test (assessment) D81 Player types Buck passing Business Management and Accounting (miscellaneous) D03 050202 agricultural economics & policy Business Planner-doermodel 030217 neurology & neurosurgery |
| Zdroj: | Business Research. 13:1253-1291 |
| ISSN: | 2198-2627 2198-3402 |
| DOI: | 10.1007/s40685-020-00116-y |
| Popis: | Decisions are often postponed even when future profits are not expected to compensate for the losses. This is especially relevant for financial and entrepreneurial disinvestment choices, as investors often have a disposition to hold on to losing assets for too long. We use an experiment with real real-options to study one possible behavioral motivation. Studies in psychology suggest that individuals have different styles of handling the stress involved in making decisions. We find that participants' styles of decision-making and risk aversion as well as the interaction of those can assist in predicting the likelihood that the participants will make investments and the timing of their disinvestment decisions. We also find the overall structure of the findings to be in line with a planner–doer model. |
| Databáze: | OpenAIRE |
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