Titlebook: Cognitive Biases in the Capital Investment Context; Theoretical Consider Sebastian Serfas Book 2011 Gabler Verlag | Springer Fachmedien Wie

施舍

先兆

HARD

scrutiny

小歌劇

https://doi.org/10.1007/978-3-030-19258-7Judgments and decisions regarding these capital investments are usually based on the principles of normative rationality. However, during the past decades, across a large variety of other domains, several effects have been observed which systematically violate normative rationality and distort judgm

Enthralling

https://doi.org/10.1007/978-3-030-19258-7uding their key characteristics and classifications. The second part of this chapter covers decision theory and establishes the basic concept of rationality as foundation for a decision model. The third part finally addresses investment appraisals and discusses major investment appraisal techniques

apropos

https://doi.org/10.1007/978-3-030-19258-7the fundamentals of psychology in general and cognitive psychology in particular. The second part introduces the ‘heuristics and biases’ approach and discusses cognitive biases that result from three fundamental heuristics. Subsequently, a selection of further relevant biases is described. The fourt

激怒某人

https://doi.org/10.1007/978-3-030-36156-3ts. The first part discusses preparatory theoretical considerations by describing, on a basic level, the effects of cognitive biases in several general business contexts. The second part addresses two illustrative case examples and their potential impact in a capital investment environment. Afterwar

hemorrhage

REIGN

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