Cognitive Biases in the Capital Investment Context: Theoretical Considerations and Empirical Experiments on Violations of Normative RationalitySpringer Science & Business Media, 2010 M12 6 - 255 páginas Sebastian Serfas shows how cognitive biases systematically affect and distort capital investment-related decision making and business judgements. He provides a large number of examples that every business practitioner might encounter every day, demonstrates the detrimental effects through various empirical experiments, and outlines potential counterstrategies to mitigate these negative effects. |
Contenido
| 1 | |
2 Theoretical Foundations of Capital Investments and Investment Appraisal | 7 |
3 Theoretical Foundations of Cognitive Biases | 39 |
4 Cognitive Biases in the Capital Investment Context | 95 |
5 Debiasing and Potential Countermeasures against Cognitive Biases | 190 |
6 Conclusion | 211 |
Appendices | 220 |
References | 233 |
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Cognitive Biases in the Capital Investment Context: Theoretical ... Sebastian Serfas Sin vista previa disponible - 2010 |
Términos y frases comunes
Accordingly activities actually addition addressed adjustment alternative analysis anchoring applied appraisal approach areas aspects asymmetric dominance availability behavior bias capital investment changes chapter choice cognitive biases companies compared completed conducted consequence considerations critical decision demonstrated described detailed discussion distortions earlier effects empirical experiments estimate et al evaluation example existence expected experiment experimental final findings focus further given heuristics heuristics and biases hypothesis Illustration important indicate individual influence instance investment decisions judgments limitations major means method models normative observed option outcome participants particular perspective phase positions potential preferences presented probability psychology rationality reason regard rejected relevant representativeness respective risks sample selected similar situation specific statistical step Subsequently task framing theoretical theory thesis Tversky/Kahneman types usually