Following studies of human decision-making under risk and uncertainty, extensive evidence of loss aversion and asymmetric risk-taking behaviour around a reference point was found. This work presents an investigation of the effect of the reference point value on the stochastic network equilibrium. Prospect Theory, based on empirical experiments, proposes an alternative to the traditional risktak...

This paper provides an argument against understanding risk-taking in design education as something ideally need of only being calculable and formalisable. Using the German sociologist Ulrich Beck’s theory on risktaking combined with current discourse thinking, together analysis a three week-long interdisciplinary workshop, we analyse discuss how - general concept is inherent element itself. We ...

Individual Differences in Warning Perception: The Role of Risk-Taking Propensity Elizabeth Gabe-Thomas Warnings are intended to improve safety (decreasing injury, illness and loss) by communicating the presence and nature of a potential hazard and encouraging behaviour that will minimise or avoid a negative outcome. Warnings can be seen as representations of risk, therefore it is likely that an...

The practice of executive stock option repricing is examined using a sample of firms in the gaming industry during 1994-98. The practice of repricing executive stock options is often criticized, however this paper recognizes that there may be conditions when such recontracting may be viewed as beneficial to shareholders. Specifically, given that options provide both incentives to increase risk ...

In this paper, I ask whether securitization really contributes to better risksharing. To do this, I first propose an outcome-based formalization of the concept of market discipline. Then, I compare securitization, which consist of the transfer of risk from existing loans, with other mechanisms that differ in the timing of risk-transfer. I find that, for securitization to be an efficient risk-sh...

Numerous factors have been shown to increase the likelihood of risk-taking in the realms of alcohol use and sexual behavior— and many studies have focused on these behaviors among gay and bisexual men (GBM), given the health disparities that exist in substance use and HIV/STI infections. After a brief review of the personand situation-level variables that have already been identified, I will ar...

The Investment Advisers Act of 1940 (as amended in 1970) prohibits mutual funds in the US from o ering their advisers asymmetric \incentive fee" contracts in which the advisers are rewarded for superior performance via-a-vis a chosen index but are not correspondingly penalized for underforming it. The rationale o ered in defense of the regulation by both the SEC and Congress is that incentive f...

The contribution of this paper is in emphasizing endogenous credit rationing in the analysis of effects of bankruptcy rules on entrepeneurs’ decisions with respect to risktaking and ex ante skill-development. Unlike most of the literature, both the debt claim and the amount of debt financing is endogenous in our exercise. This allows us to determine the extent of credit rationing that banks use...

National, regional and international competitiveness of an economy is increasingly connected to the presence of an environment supportive of innovation and risktaking. Innovation is gaining prominence on agendas of governments throughout the world who increasingly appreciate the need to develop knowledge-based economies as a prerequisite to competitiveness and growth. Given this recognition, it...

Based on common cause conceptualisations of problem behaviour, we examined whether a revised psychosocial control theory of adolescent delinquency could explain problem drinking among a non-clinical convenience sample of adolescents and young adults. A sample of 329 Australian secondary school students (adolescent age groups 13–14 and 15–17, 50.6% female) and 334 Australian university students ...