000			03610nam a22004457a 4500
001			sulb-eb0025763
003			BD-SySUS
005			20160413122543.0
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 für Unternehmensführung (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			_2Dewey Decimal Classification _ceBooks
999			_c47855 _d47855