000 03811nam a22004455i 4500
001 978-3-658-00635-8
003 DE-He213
005 20200420211744.0
007 cr nn 008mamaa
008 121116s2013 gw | s |||| 0|eng d
020 _a9783658006358
_9978-3-658-00635-8
024 7 _a10.1007/978-3-658-00635-8
_2doi
050 4 _aHB172
072 7 _aKCC
_2bicssc
072 7 _aBUS044000
_2bisacsh
082 0 4 _a338.5
_223
100 1 _aStommel, Evelyn.
_eauthor.
245 1 0 _aReference-Dependent Preferences
_h[electronic resource] :
_bA Theoretical and Experimental Investigation of Individual Reference-Point Formation /
_cby Evelyn Stommel.
264 1 _aWiesbaden :
_bSpringer Fachmedien Wiesbaden :
_bImprint: Springer Gabler,
_c2013.
300 _aXV, 224 p. 9 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aLiterature review and research gaps -- Empirical investigations: expectations as reference points, personality traits and their influence on reference point formation, managerial reference point formation -- Summary and discussion -- Outlook.
520 _aMost of our daily decisions are made under uncertainty and risk, without complete information about all relevant aspects. We all constantly make such decisions, from the simplest "should I take my raincoat today?" to more serious examples, such as those on investment and portfolio decisions, holding of shares, insurance patterns, or negotiation processes. Within these situations, the bounded rationality of individuals and institutions towards risk and uncertainty is embedded. The central theory underlying this study is prospect theory, an adequate model to predict the real and most often bounded rationality of human behavior given certain incentives, preferences, and constraints. Evelyn Stommel investigates a crucial question within behavioral economics, namely the research on reference points within human decision making processes. Based on experimental investigations, she focuses three key challenges: what constitutes a reference point, the process of the formation of a reference point, and factors influencing the formation of reference points. Contents �         Literature Review and Research Gaps �         Reference-Dependent Preferences �         Reference Point Adaptation and Formation �         Risk and Uncertainty �         Personality Traits and Affects   Target Groups �         Researchers and students in the field of Business Administration with focus on behavioral economics or organizational theory. �         Practitioners such as managers and consultants interested in decision making processes under risk and uncertainty. About the Author Evelyn Stommel has been a doctoral student at Germany's Wissenschaftliche Hochschule f�ur Unternehmensf�uhrung (WHU) - Otto Beisheim School of Management. Today, she works as an Inhouse Consultant for a German DAX 30 industrial company.
650 0 _aOrganization.
650 0 _aPlanning.
650 0 _aMicroeconomics.
650 1 4 _aEconomics.
650 2 4 _aMicroeconomics.
650 2 4 _aOrganization.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783658006341
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-658-00635-8
912 _aZDB-2-SBE
942 _cEBK
999 _c50859
_d50859