MANAGERIAL RISK PREFERENCES FOR BELOW-TARGET RETURNS.
Publication
, Journal Article
Laughhunn, DJ; Payne, JW; Crum, R
Published in: Management Science
January 1, 1980
A report is presented on the risk preferences for below target returns of 224 managers from the U. S. , Canada, and Europe. When only non-ruinous losses were involved, 71% of the managers were risk seeking for below target returns. The distribution of risk preferences tended to be stable over a wide range of experimental conditions: diversity of background of the managers, the size of outcomes below target, and the context of the decision process (personal versus managerial). When ruinous losses were introduced for 75 of the managers, 64% switched to risk averse behavior. Empirical findings concerning the relationship between risk preferences for below target returns and several demographic characteristics of managers are also reported.
Duke Scholars
Published In
Management Science
DOI
ISSN
0025-1909
Publication Date
January 1, 1980
Volume
26
Issue
12
Start / End Page
1238 / 1249
Related Subject Headings
- Operations Research
- 46 Information and computing sciences
- 38 Economics
- 35 Commerce, management, tourism and services
- 15 Commerce, Management, Tourism and Services
- 08 Information and Computing Sciences
Citation
APA
Chicago
ICMJE
MLA
NLM
Laughhunn, D. J., Payne, J. W., & Crum, R. (1980). MANAGERIAL RISK PREFERENCES FOR BELOW-TARGET RETURNS. Management Science, 26(12), 1238–1249. https://doi.org/10.1287/mnsc.26.12.1238
Laughhunn, D. J., J. W. Payne, and R. Crum. “MANAGERIAL RISK PREFERENCES FOR BELOW-TARGET RETURNS.” Management Science 26, no. 12 (January 1, 1980): 1238–49. https://doi.org/10.1287/mnsc.26.12.1238.
Laughhunn DJ, Payne JW, Crum R. MANAGERIAL RISK PREFERENCES FOR BELOW-TARGET RETURNS. Management Science. 1980 Jan 1;26(12):1238–49.
Laughhunn, D. J., et al. “MANAGERIAL RISK PREFERENCES FOR BELOW-TARGET RETURNS.” Management Science, vol. 26, no. 12, Jan. 1980, pp. 1238–49. Scopus, doi:10.1287/mnsc.26.12.1238.
Laughhunn DJ, Payne JW, Crum R. MANAGERIAL RISK PREFERENCES FOR BELOW-TARGET RETURNS. Management Science. 1980 Jan 1;26(12):1238–1249.
Published In
Management Science
DOI
ISSN
0025-1909
Publication Date
January 1, 1980
Volume
26
Issue
12
Start / End Page
1238 / 1249
Related Subject Headings
- Operations Research
- 46 Information and computing sciences
- 38 Economics
- 35 Commerce, management, tourism and services
- 15 Commerce, Management, Tourism and Services
- 08 Information and Computing Sciences