Proceedings ArticleDOI
Individual characteristics and risk perceptions: A study with a sample from Brazil
Susane de Farias Gomes,Danielle Costa Morais,Rangaraja P. Sundarraj +2 more
- pp 3642-3646
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TLDR
The study concludes that in this sample only the gender factor influences the attitudes toward risk, showing that Brazilian men are averse to the risk while women are risk neutral.Abstract:
Decisions are often made under risk and a decision-maker's risk preference naturally interferes the decision made. This study analyzes how Brazilians react when they made a decision under risk. The analysis involves the use of lotteries in a smartphone purchase scenario, attempting to identify if specific characteristics of the individuals, such as age, educational level, gender or marital situation, interferes with their risk propensity (risk averse, risk prone or risk neutral). The study concludes that in this sample only the gender factor influences the attitudes toward risk, showing that Brazilian men are averse to the risk while women are risk neutral.read more
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Proceedings ArticleDOI
Evaluating Risk Attitudes Across Cultures
TL;DR: It was found Brazilians and Indians present the same attitude when facing risk situations, being risk averse, and this information serves as an input to consider when negotiating with a counterpart from different cultures.
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Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Book
Theory of Games and Economic Behavior
TL;DR: Theory of games and economic behavior as mentioned in this paper is the classic work upon which modern-day game theory is based, and it has been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations.
Book
Decisions with Multiple Objectives: Preferences and Value Trade-Offs
TL;DR: In this article, a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives.
Book
Fundamental Research Statistics for the Behavioral Sciences
Abstract: In undergoing this life, many people always try to do and get the best. New knowledge, experience, lesson, and everything that can improve the life will be done. However, many people sometimes feel confused to get those things. Feeling the limited of experience and sources to be better is one of the lacks to own. However, there is a very simple thing that can be done. This is what your teacher always manoeuvres you to do this one. Yeah, reading is the answer. Reading a book as this fundamental research statistics for the behavioral sciences and other references can enrich your life quality. How can it be?
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