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We consider an organization with two projects which have productive spillovers. Three agents are active in this organization: two agents, each specialized in one project, and the CEO, who is a generalist. The organization owner first allocates authority over each project to these three...
Persistent link: https://www.econbiz.de/10014537139
This study examines the strategic investment and divestment decisions of fifteen Norwegian power companies that were made in response to an increasingly uncertain business environment. The objective is to investigate the rationales underlying decisions for strategic renewal through the lens of...
Persistent link: https://www.econbiz.de/10012622016
with the notion of ill-structuredness affecting decision problems. That approach makes it possible to theorize about … entrepreneurial decision-making in a broader yet more nuanced way. …
Persistent link: https://www.econbiz.de/10012294685
risk of extreme climate conditions. However, being confronted with inaccurate forecast systems may undermine individuals …
Persistent link: https://www.econbiz.de/10015053857
intervals should preserve this independence. Findings - The paper describes all techniques for decision making under interval … family, a family that has already been successfully used in such decision problems. Originality/value - This study provides a … theoretical explanation of an empirically successful technique for decision-making under interval uncertainty about probabilities …
Persistent link: https://www.econbiz.de/10015046362
for multi-criteria decision-making in transportation problems, highlighting their ability to capture the complex interplay …
Persistent link: https://www.econbiz.de/10015337474
I show that stochastic contracts generate powerful incentives when agents suffer from probability distortion. When …, which expose the agent to a high degree of risk, generate higher performance than cost-equivalent contracts with lower or no … risk exposure. I find that probability distortions that result from likelihood insensitivity-cognitive limitations that …
Persistent link: https://www.econbiz.de/10015053193
examines novel intervention strategies that use incentives to discourage risky sexual behaviors. Widely-adopted conditional … not been used in the sexual domain, so this paper assesses how incentives can be used to reduce risky sexual behavior …. After discussing theoretical pathways, it discusses the use of sexual-behavior incentives in the Tanzanian RESPECT trial …
Persistent link: https://www.econbiz.de/10012550995
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …
Persistent link: https://www.econbiz.de/10012520657
manner across the main strategic decision-making contexts that entrepreneurs and organizations face. Differentiating from … experimental approach, doing so by considering variants of a robust, yet simple, decision problem. Significantly, the analysis …
Persistent link: https://www.econbiz.de/10013395976