Psychology and risky decision process for corporate investments
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Redalyc
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad Autónoma de Tamaulipas
2005
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| _version_ | 1876469583846572032 |
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| author | Arvind Ashta |
| author_facet | Arvind Ashta |
| contents | Psychology and risky decision process for corporate investments Arvind Ashta Sociología risk making decision project evaluation Economic psychology This paper looks at the role of psychology in therisky decision process for corporate investments. Theinfluence of psychology is found in assessing the riskused in calculating the discount rate. The concepts reviewedinclude notions of time, impatience, innertempo, future or past orientation, addiction, life expectancy,monetary illusion, loss aversion, risk aversion,stress, personality type, adverse selection, anddifferent types of myopia. So, even numbers used forevaluating the project are subjective. Thereafter, thedecision made on these numbers is also influenced bypsychology.Concepts reviewed for the risky decision makingincluded certainty preference, loss aversion, framing,anchoring, endowments, cluster-attraction, confidenceor hubris, past orientation, herd behaviour, useof heuristics, and incentives. Studying the influence ofsubjectivity is essentially useful for the manager to beaware of how he may make erroneous forecasts of expectationsand risks and erroneous decisions 2005 artículo científico 1405-3543 https://www.redalyc.org/articulo.oa?id=65415204 en http://www.redalyc.org/revista.oa?id=654 Revista Internacional de Ciencias Sociales y Humanidades, SOCIOTAM application/pdf Universidad Autónoma de Tamaulipas Revista Internacional de Ciencias Sociales y Humanidades, SOCIOTAM (México) Num.2 Vol.XV |
| format | Artículo científico |
| id | redalyc_65415204 |
| institution | Redalyc |
| language | en |
| publishDate | 2005 |
| publisher | Universidad Autónoma de Tamaulipas |
| spellingShingle | Psychology and risky decision process for corporate investments Arvind Ashta Sociología risk making decision project evaluation Economic psychology Psychology and risky decision process for corporate investments Arvind Ashta Sociología risk making decision project evaluation Economic psychology This paper looks at the role of psychology in therisky decision process for corporate investments. Theinfluence of psychology is found in assessing the riskused in calculating the discount rate. The concepts reviewedinclude notions of time, impatience, innertempo, future or past orientation, addiction, life expectancy,monetary illusion, loss aversion, risk aversion,stress, personality type, adverse selection, anddifferent types of myopia. So, even numbers used forevaluating the project are subjective. Thereafter, thedecision made on these numbers is also influenced bypsychology.Concepts reviewed for the risky decision makingincluded certainty preference, loss aversion, framing,anchoring, endowments, cluster-attraction, confidenceor hubris, past orientation, herd behaviour, useof heuristics, and incentives. Studying the influence ofsubjectivity is essentially useful for the manager to beaware of how he may make erroneous forecasts of expectationsand risks and erroneous decisions 2005 artículo científico 1405-3543 https://www.redalyc.org/articulo.oa?id=65415204 en http://www.redalyc.org/revista.oa?id=654 Revista Internacional de Ciencias Sociales y Humanidades, SOCIOTAM application/pdf Universidad Autónoma de Tamaulipas Revista Internacional de Ciencias Sociales y Humanidades, SOCIOTAM (México) Num.2 Vol.XV |
| title | Psychology and risky decision process for corporate investments |
| topic | Sociología risk making decision project evaluation Economic psychology |
| url | https://www.redalyc.org/articulo.oa?id=65415204 |