Why Managers and Companies Take Risks


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This book uses risk in its dictionary meaning as the probabiHty of an unde- sirable outcome, and has two research questions: when managers make de- cisions, what leads them to choose a risky alternative? and: what deter- mines whether the decision proves correct? Answers to these questions form a model of decision making that explains the process and results of managers' risk-taking in the real world. There is an extensive literature on risk and decision making because the topic has been of interest in many disciplines ...

Why Managers and Companies Take Risks 2006, Physica-Verlag

ISBN-13: 9783790816952

2006 edition

Trade paperback