A carregar...
Publicação
Behavioral operations
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 589.58 KB | Adobe PDF |
Orientador(es)
Resumo(s)
Radical changes in the environment may result in decision makers changing their beliefs and
behavior toward change. Throughout this work project, it will be analyzed how changes of
beliefs affect decisions, such as the willingness to pay and accept of buyers and sellers and
how it changes in stable environments with noisy signals and unstable environments with
precise signals for both dreaded and desirable regime shifts. Generally, decision makers tend
to update their beliefs as they see repeated signals of impending regime shifts, but their pattern
of behavior depends on the kind of shift and type of environment and signals.
Descrição
Palavras-chave
Regime shift Radical change Decision making Willingness to pay/accept Risk attitude Probability judgments