Management Theory Applications of Prospect Theory: Accomplishments, Challenges, and Opportunities

被引:135
|
作者
Holmes, R. Michael, Jr. [1 ]
Bromiley, Philip [4 ]
Devers, Cynthia E. [2 ]
Holcomb, Tim R.
McGuire, Jean B. [3 ]
机构
[1] Florida State Univ, Coll Business, Dept Management, Tallahassee, FL 32306 USA
[2] Tulane Univ, New Orleans, LA 70118 USA
[3] Louisiana State Univ, Baton Rouge, LA 70803 USA
[4] Univ Calif Irvine, Irvine, CA 92717 USA
关键词
prospect theory; risk taking; reference points; value function; probability weighting function; loss aversion; diminishing sensitivity; decision weights; framing; RISK-RETURN PARADOX; PARAMETER-FREE ELICITATION; BEHAVIORAL DECISION-THEORY; LOSS AVERSION; STRATEGIC MANAGEMENT; REFERENCE POINTS; DOWNSIDE RISK; ORGANIZATIONAL-BEHAVIOR; OPTION VALUATION; MANAGERIAL RISK;
D O I
10.1177/0149206310394863
中图分类号
F [经济];
学科分类号
02 ;
摘要
The authors review management research drawing on prospect theory, focusing primarily on studies in strategic management and organizational behavior/human resource management. These studies have made valuable contributions to several prominent research streams. However, they commonly underutilize or misconstrue central arguments from prospect theory. Furthermore, they illustrate that applying prospect theory in organizational settings poses several theoretical and methodological challenges. Thus, the authors review these studies, critically analyze them, and make suggestions to enrich future work.
引用
收藏
页码:1069 / 1107
页数:39
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