Search Results: risk-taking-and-decision-making

Risk Taking and Decision Making

Foreign Military Intervention Decisions

Author: N.A

Publisher: Stanford University Press

ISBN: 0804765073

Category: Political Science

Page: N.A

View: 5978

Overconfidence and Risk Taking in Foreign Policy Decision Making

The Case of Turkey’s Syria Policy

Author: Imran Demir

Publisher: Springer

ISBN: 3319526057

Category: Political Science

Page: 142

View: 7206

This book introduces a new perspective on risk seeking behaviour, developing a framework based on various cognitive theories, and applying it to the specific case-study of Turkey’s foreign policy toward Syria. The author examines why policy makers commit themselves to polices that they do not have the capacity to deliver, and develops an alternative theoretical model to prospect theory in explaining risk taking behaviour based on the concept of overconfidence. The volume suggests that overconfident individuals exhibit risk seeking behaviour that contradicts the risk averse behaviour of individuals in the domain of gain, as predicted by prospect theory. Using a set of testable hypothesis deduced from the model, it presents an empirical investigation of the causes behind Turkish decision makers’ unprecedented level of risk taking toward the uprising in Syria and the consequences of this policy.

Risk Taking

A Managerial Perspective

Author: Zur Shapira

Publisher: Russell Sage Foundation

ISBN: 1610444922

Category: Business & Economics

Page: 192

View: 8680

Classical economic theory assumes that people in risk situations follow a course of action based on a rational, consistent assessment of likely outcomes. But as Zur Shapira demonstrates in Risk Taking, corporate managers consistently stray from the prescribed path into far more subjective territory. Risk Taking offers a critical assessment of the relationship between theory and action in managerial decision making. Shapira offers a definitive account of the classical conception of risky decision making, which derives behavioral prescriptions from a calculation of both the value and the likelihood of possible outcomes. He then demonstrates how theories in this vein have been historically at odds with empirical observations. Risk Taking reports the results of an extensive survey of seven hundred managers that probed their attitudes and beliefs about risk and examined how they had actually made decisions in the face of uncertainty. The picture that emerges is of a dynamic, flexible process in which each manager's personal expertise and perceptions play profound roles. Managerial strategies are continually modified to suit changing circumstances. Rather than formulating probability estimates, executives create potential scenarios based not only on the possible outcomes but also on the many arbitrary factors inherent in their own situations. As Shapira notes, risk taking propensities vary among managers, and the need to maintain control and avoid particularly dangerous results exercises a powerful influence. Shapira also examines the impact of organizational structure, long-term management objectives, and incentives on decision making. With perceptive observations of the cognitive, emotional, and organizational dimensions of corporate decision making, Risk Taking propels the study of managerial risk behavior into new directions. This volume signals the way toward improving managerial decision making by revealing the need for more inclusive choice models that augment classical theory with vital behavioral observations.

Risk Taking in Individual Decision Making

The Effects of Feedback and Locus of Control in Modifying Risk Taking Behavior

Author: Jerry Martin Newman

Publisher: N.A

ISBN: N.A

Category:

Page: 442

View: 7108

Contraceptive Risk-taking

A Test of a Decision-making Model

Author: Kathleen McKinney Rehfeldt

Publisher: N.A

ISBN: N.A

Category: Contraceptives

Page: 160

View: 5606

The Neuroscience of Risky Decision Making

Author: Valerie F. Reyna,Vivian Zayas

Publisher: American Psychological Association (APA)

ISBN: 9781433816628

Category: Psychology

Page: 214

View: 2739

Whether the decision is to have unprotected sex, consent to surgery, have an extra piece of pie, or spend rather than save for retirement, risky decisions permeate our lives, and sometimes with disastrous consequences. How and why risk taking occurs has important implications. Yet many questions remain about how neurobiological, psychological, and socio-cultural factors influence decision-making. This book advances basic understanding and scientific theory about the brain mechanisms underlying risky decision by integrating findings from a number of disciplines, including development and cognitive psychology, brain sciences, law, behavioral economic, and addiction. The result is a rich scientific framework for understanding the causal mechanisms of risky decision making across the lifespan. Book jacket.

Risk-Taking in International Politics

Prospect Theory in American Foreign Policy

Author: Rose McDermott

Publisher: University of Michigan Press

ISBN: 9780472087877

Category: Political Science

Page: 256

View: 4376

Discusses the way leaders deal with risk in making foreign policy decisions

Decision Making, Assessment and Risk in Social Work

Author: Brian J. Taylor

Publisher: Learning Matters

ISBN: 1526412543

Category: Political Science

Page: 272

View: 2452

This book, written for practicing social workers undertaking their ASYE and compulsory CPD, has been designed to help professionals make sound judgments in increasingly complex contexts and under pressure.

Knowingly Taking Risk

Investment Decision Making in Real Estate Development

Author: Ellen Gehner

Publisher: Eburon Uitgeverij B.V.

ISBN: 9059722884

Category:

Page: 311

View: 3464

Risk and Decision Making

Perspectives and Research

Author: N.A

Publisher: National Academies

ISBN: N.A

Category: Decision-making

Page: 68

View: 5175

The Nature and Development of Decision-making

A Self-regulation Model

Author: James P. Byrnes

Publisher: Psychology Press

ISBN: 1135809119

Category: Psychology

Page: 232

View: 3888

Although everyone has goals, only some people successfully attain their respective goals on a regular basis. With this in mind, the author attempts to answer the question of why some people are more successful than others. He begins with the assumption that the key to personal success is effective decision-making, and then utilizes his own theory--The Self-Regulation Model--to explain the origin and nature of individual differences in decision-making competence. The author also summarizes a number of existing models of decision-making and risk-taking. This book has two primary goals: * to provide a comprehensive review of the developmental literature on the decision-making skills of children, adolescents, and adults, and * to propose a theoretical model of decision-making skill that offers a better description of this skill than prior accounts. Taken together, the literature review and theoretical model help the reader acquire a clear sense of the development of decision-making skills as well as reasons for the developmental differences that seem to emerge.

Global Risk Agility and Decision Making

Organizational Resilience in the Era of Man-Made Risk

Author: Daniel Wagner,Dante Disparte

Publisher: Springer

ISBN: 1349948608

Category: Business & Economics

Page: 415

View: 5875

In Global Risk Agility and Decision Making, Daniel Wagner and Dante Disparte, two leading authorities in global risk management, make a compelling case for the need to bring traditional approaches to risk management and decision making into the twenty-first century. Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address and resolve the plethora of challenges facing today’s private and public sector organizations. Set against the era of manmade risk, where transnational terrorism, cyber risk, and climate change are making traditional risk models increasingly obsolete, they argue that remaining passively on the side-lines of the global economy is dangerous, and that understanding and actively engaging the world is central to achieving risk agility. Their definition of risk agility taps into the survival and risk-taking instincts of the entrepreneur while establishing an organizational imperative focused on collective survival. The agile risk manager is part sociologist, anthropologist, psychologist, and quant. Risk agility implies not treating risk as a cost of doing business, but as a catalyst for growth. Wagner and Disparte bring the concept of risk agility to life through a series of case studies that cut across industries, countries and the public and private sectors. The rich, real-world examples underscore how once mighty organizations can be brought to their knees—and even their demise by simple miscalculations or a failure to just do the right thing. The reader is offered deep insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and economic resource nationalism, as well as a frame of reference from which to think about risk management and decision making in our increasingly complicated world. This easily digestible book will shed new light on the often complex discipline of risk management. Readers will learn how risk management is being transformed from a business prevention function to a values-based framework for thriving in increasingly perilous times. From tackling governance structures and the tone at the top to advocating for greater transparency and adherence to value systems, this book will establish a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers coincides with greater resilience and responsiveness in the era of manmade risk.

Risk Taking

A Guide for Decision Makers

Author: Herbert S. Kindler

Publisher: Crisp Pub Incorporated

ISBN: 9781560525257

Category: Business & Economics

Page: 83

View: 1294

Risk is everywhere and often avoiding one risk backs us into another. This revised edition looks at the anatomy of decisions in a new way and integrates new studies and information developed over the 8 years since the original publication.

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century

Author: Korinna Schönhärl

Publisher: Springer

ISBN: 3319420763

Category: Business & Economics

Page: 342

View: 2652

This book offers 14 contributions that examine key questions concerning bankers ́ decision making, their confidence in partners and customers, and their risk management practices from Early Modernity to the 20th century. It explores various mechanisms of banks' decision taking, how they were established and how they changed over time. Specific chapters also analyze the types of risk management techniques used and the extent of their success; factors that contributed to the constitution of confidence and factors that damaged it; and methods that banking historians can use to analyze and describe bankers ́ risk management and decision making. The volume features varied methodological approaches for historical research (from system theory to behavioural finance, from new institutional economics to praxeology, from convention theory to network analysis). The different methodological approaches are put to the test in case studies based on archive material from five hundred years of banking (from Early Modern European banking networks to international computerization) in order to connect banking history more closely to political and cultural history.

Working with Risk

Skills for Contemporary Social Work

Author: Hazel Kemshall,Bernadette Wilkinson,Kerry Baker

Publisher: Polity

ISBN: 0745651976

Category: Political Science

Page: 176

View: 4887

Assessing and managing risk is a daily challenge for social workers. Working with risk can be anxiety provoking and demanding, requiring great skill and high levels of confidence. In these complex situations, social workers have to work hard to get the balance right. This innovative book focuses on the development and use of skills for work with risk. Using a range of case studies, examples and reflective exercises, the authors examine the key skills required to work effectively with risk. Various chapters focus on assessment skills, gathering and evaluation of information, decision-making challenges, and ethical issues. Recognising the difficulties presented in the context of busy statutory work, there is a strong focus on practical skills and tips for improving risk management plans. The book also pays careful attention to the emotional impact of working with risk, with a final chapter on the management of self in the challenging and sometimes distressing world of social work. Written in a reader-friendly, accessible style, the book will be essential reading for students and staff across a range of social work settings, including community care, adult services, child protection and mental health.

Even the Odds

Sensible Risk-Taking in Business, Investing, and Life

Author: Karen Firestone

Publisher: Routledge

ISBN: 1351861867

Category: Business & Economics

Page: 256

View: 2082

In Even the Odds, Karen Firestone explains how risk assessment plays a prominent role in all aspects of life. We may all define risk, and our tolerance for it, somewhat differently, but we might all agree it plays a pivotal role in guiding us toward an optimal outcome. As a long-time investment advisor, Firestone has grown accustomed to interpreting risk on a daily basis. She has developed four core tenets of risk-taking we can all apply to anticipating, evaluating, and responding to the risks we face in our business, investing, and personal lives. These tenets are right-sizing; right-timing; relying on skill, knowledge, and experience; and staying skeptical about numbers, promises, and forecasts. Firestone's approach is both practical and accessible to individuals who are making important decisions, such as embarking on new career or life changes, starting or running an enterprise, making a sizable investment, or deciding how to balance across a full portfolio of assets. The book is rich with anecdotes and examples of how many prominent leaders in their fields encountered and dealt with risk along the way. Firestone also shares her own successes and failures, in particular when she decided to risk it all--a fabulous career managing billions of dollars at a premium investment company, her reputation, and the security at home that comes with a strong and stable job--to go out on her own. Even the Odds helps us understand the broader implications of risk--and how it guides our decision-making--so that we can improve outcomes across multiple facets of our lives, from our businesses and investments, to the personal choices we make.

Risk Tolerance in Financial Decision Making

Author: C. Lucarelli,G. Brighetti

Publisher: Springer

ISBN: 023030382X

Category: Business & Economics

Page: 269

View: 382

This book sheds light on the emotional side of risk taking behaviour using an innovative cross-disciplinary approach, mixing financial competences with psychology and affective neuroscience. In doing so, it shows the implications for market participants and regulators in terms of transparency and communication between intermediaries and customers.

Quantitative Risk Management and Decision Making in Construction

Author: Amarjit Singh

Publisher: ASCE Press

ISBN: 9780784414637

Category: Construction industry

Page: 302

View: 2023

Singh introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects.

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