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Essays in the theory of risk-bearing
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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
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External commercialization of knowledge: Review and research agenda
TL;DR: In this paper, a detailed overview of the literature on external knowledge exploitation is established, and the key characteristics of externally leveraging knowledge assets are presented, and a research agenda is set up.
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When risk seeking becomes a motivational necessity.
TL;DR: The authors discuss the benefits of complementing existing accounts of risky decision making under loss with regulatory focus motivational mechanisms and demonstrate the importance of self-regulatory mechanisms for understanding risk-seeking behavior under loss.
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Anomalies: The Equity Premium Puzzle
TL;DR: The JSTOR Archive as mentioned in this paper is a trusted digital repository providing for long-term preservation and access to leading academic journals and scholarly literature from around the world, including the Journal of Economic Perspectives.
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Some hypotheses about risk in venture capital investing
John C. Ruhnka,John E. Young +1 more
TL;DR: In this article, the authors developed a behavioral framework to predict how venture capital managers will behave in choosing between various investment opportunities in order to minimize risk and to maximize potential returns, based on the psychological risk theory of decision-making under uncertainty.
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Comparing Varieties of Agency Theory in Economics, Political Science, and Sociology: An Illustration from State Policy Implementation*
Abstract: As rational choice theory has moved from economics into political science and sociology, it has been dramatically transformed. The intellectual diffusion of agency theory illustrates this process. Agency theory is a general model of social relations involving the delegation of authority, and generally resulting in problems of control, which has been applied to a broad range of substantive contexts. This paper analyzes applications of agency theory to state policy implementation in economics, political science, and sociology. After documenting variations in the theory across disciplinary contexts, the strengths and weaknesses of these different varieties of agency theory are assessed. Sociological versions of agency theory, incorporating both broader microfoundations and richer models of social structure, are in many respects the most promising. This type of agency theory illustrates the potential of an emerging sociological version of rational choice theory.