The role of individual characteristics in a complex and risky decision task
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Show full item recordcomunitat-uji-handle:10234/158176
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Title
The role of individual characteristics in a complex and risky decision taskAuthor (s)
Tutor/Supervisor
Barreda Tarrazona, IvánTutor/Supervisor; University.Department
Universitat Jaume I. Departament d'EconomiaDate
2015Publisher
Universitat Jaume IAbstract
Different economic decisions among agents can be related to their different degree of risk aversion and carry a great weight in business strategies. The set of decisions taken by the business manager mutually affects ... [+]
Different economic decisions among agents can be related to their different degree of risk aversion and carry a great weight in business strategies. The set of decisions taken by the business manager mutually affects each other while these are affected by risk. All business decisions are not equally affected and at the same time, by the manager´s risk attitude. The shape of the probability weighting function proposed by D. Kahnemann and A. Tversky in their Prospect Theory (1979) has different increasing marginal returns in different regions. Persons with different risk aversion have different sensitivities to changes in risk. Our results show that the variance of managers´ decisions across time is positively correlated with their risk aversion sensibility. There is a clear difference in the economic behavior patterns of managers´ with a different risk aversion sensibility. [-]
Subject
Grau en Economia | Grado en Economía | Bachelor's Degree in Economics | Toma de decisiones | Percención del riesgo | Riesgo en los negocios | Inversores | Gestión del riesgo | Decision making | Decisió, Presa de | Avaluació del risc | Percepció del risc | Gestió del risc | Capitalistes i financers | Jocs, Teoria de
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs: 2014/2015
Type
info:eu-repo/semantics/bachelorThesisRights
http://rightsstatements.org/vocab/CNE/1.0/
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This item appears in the folowing collection(s)
- Grau en Economia [292]