Buying and selling prices of investments: configural weight model of interactions predicts violations of joint independence
Article Abstract:
The configural weight theory demonstrates the differences between buying and selling prices based on the judge's point of view. Decisions under the expected utility theory are based on final wealth status of judges. An individual may pay a specified amount if the expected utility of the decision to buy is greater thatn the expected utility of the decision not to buy. An individual decides to sell if the expected utility of selling is greater than the expected utility of keeping the item. Whereas, if the individual's wealth far exceeds the outcome of either buying or selling, the the viewpoint will be affected minimally.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1998
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The theory of perceived risk and attractiveness
Article Abstract:
The psychological construct distinction of risk and attractiveness was studied. Results of 328 experimental trials using lotteries indicate that attractiveness and risk are distinct and accessible psychological constructs. Risk and attractiveness are governed by the same combination function andmonetary outcome utility scale but have different weighting functions which depend on probability and rank of the outcome, the task and individual differences. Configural weighting models were also assessed to be applicable to predicting pairwise preferences and hudging risky prospects.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1992
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From performance to decision processes in 33 years: a history of 'Organizational Behavior and Human Decision Processes' under James C. Naylor
Article Abstract:
The 'Organizational Behavior and Human Decision Processes' journal has thrived under the stewardship of founder and editor James C. Naylor. Naylor, who served from 1966 to 1998, envisioned a journal that will serve as a forum for empirical research on organizational behavior and leadership. Naylor changed the name of the journal from 'Organizational Behavior and Human Performance' to reflect the emergence of decision making as an important aspect of organizational behavior. The journal has published more than 1,700 articles under Naylor's remarkable direction.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1998
User Contributions:
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