An induced value laboratory experiment is conducted to explore the vulnerability of discrete choice experiments strategic misrepresentation preferences. We consider behaviour arise when an agent: (i) believes will be used determine a provision decision over set alternatives; and (ii) has expectations about relative likelihood those alternatives being selected delivered. In experiment, agents re...

The research addresses the management dilemma of a decrease in the number of capital project investments, due to the current methods of capital budgeting (i.e. net present value analysis using discounted cash flows) being ineffective, because it does not effectively deal with uncertainty in the investment, and also does take management's flexibility into account. It has been determined that a s...

“Effectuation” is a new approach to explain the success or failure of entrepreneurs. In contrast to the traditional “causation” approach the entrepreneur is not considered to be driven by a concrete goal and to choose between different alternatives in regard to how well they help to achieve this goal. Instead the entrepreneur evaluates the alternatives, in particular the choice of strategic par...

the complexity and development of business decision making is in need of strategic management. the management of the internal affairs of a company is only a part of managers function. a through and appropriate approach to the dynamics of external environment of organization such as the competitors, suppliers, the ever decreasing and scarce resources, the government sponsored rules and regulatio...

When viewed from a strategic perspective, a labeled rule base in a rewriting system can be seen as a restricted form of strategic expression (e.g., a collection of rules strictly composed using the left-biased choice combinator). This paper describes higher-order mechanisms capable of dynamically constructing strategic expressions that are similar to rule bases. One notable difference between t...

The Conflict Analysis approach by Hipel and Fraser (1984) is well equipped to model repeated games. Players are assumed to posses a sequential reasoning that allows them to ( not necessarily correctly) anticipate the reaction of other players to their strategies. An individual’s best response strategy is thus defined based on this projection, adding additional stability conditions to strategic ...