Firm leaders' inclination to adapt their business model is sensitive to how risk is framed (as an external threat or an opportunity) in the macro-economic environment. We apply threat-rigidity theory to examine the relationship between risk framing and business model adaptation. We also...

This paper seeks to expand our understanding of initial trust by looking at how variation in risk influences the nature of trust and the process of initial trust formation. Four hypotheses were tested in two experiments involving participants with and without work experience. A first hypothesis...

Previous research has shown that prior outcomes affect choices in an inconsistent way. As a consequence, a prior loss decreased risk seeking among participants at the end of a betting sequence, which is a time when people are believed to be more risk seeking