Matches in SemOpenAlex for { <https://semopenalex.org/work/W4381663556> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W4381663556 endingPage "1140" @default.
- W4381663556 startingPage "1128" @default.
- W4381663556 abstract "Prospect Theory (Kahneman and Tversky, 1979) is a highly influential theory that predicts decision making when people are confronted with choices involving gains or losses with different degrees of uncertainty. Prospect Theory argues that people are generally risk averse when it comes to seeking gains and risk seeking when it comes to avoiding losses. Leddo et al. (2019) noted that the original formulation of Prospect Theory did not take into account people’s goals. They argued that people would be willing to take risks to achieve goals but become more risk averse once those goals are achieved, and they would become risk averse when confronted with losses in order to avoid a highly negative outcome but become more risk seeking to negate the negative outcome once that outcome occurred. Leddo et al.’s research confirmed this hypothesis, leading to a revision of Prospect Theory’s value function. The present research investigates whether the same revised value function can predict decisions made by people in other cultures. Accordingly, the present paper investigates whether the Leddo et al. (2019) findings will hold up with people from Pakistan, a poor country with a capitalistic economy. In the present study 80 adult professionals were given scenarios involving business decisions involving gains or losses above or below defined aspiration and avoidance levels (four scenarios in total with 20 participants per scenario). Results showed that participants demonstrated more risk-seeking behaviors for decisions involving losses than those involving gains, consistent with the original Kahneman and Tversky (1979) framework and inconsistent with the revised Leddo et al. (2019) framework but demonstrated more risk-seeking behaviors for decisions involving outcomes below the avoidance and aspiration levels than for decisions involving outcomes above the avoidance and aspiration levels, consistent with the revised Leddo et al. (2019) framework." @default.
- W4381663556 created "2023-06-23" @default.
- W4381663556 creator A5033457055 @default.
- W4381663556 creator A5092237353 @default.
- W4381663556 date "2023-01-01" @default.
- W4381663556 modified "2023-09-30" @default.
- W4381663556 title "INVESTIGATING THE LEDDO, JAYANTI AND DUAN (2019) REVISED PROSPECT THEORY VALUE FUNCTION WITH PAKISTANI STUDENTS" @default.
- W4381663556 doi "https://doi.org/10.46609/ijsser.2023.v08i05.017" @default.
- W4381663556 hasPublicationYear "2023" @default.
- W4381663556 type Work @default.
- W4381663556 citedByCount "0" @default.
- W4381663556 crossrefType "journal-article" @default.
- W4381663556 hasAuthorship W4381663556A5033457055 @default.
- W4381663556 hasAuthorship W4381663556A5092237353 @default.
- W4381663556 hasBestOaLocation W43816635561 @default.
- W4381663556 hasConcept C106159729 @default.
- W4381663556 hasConcept C118084267 @default.
- W4381663556 hasConcept C119857082 @default.
- W4381663556 hasConcept C14036430 @default.
- W4381663556 hasConcept C148220186 @default.
- W4381663556 hasConcept C15744967 @default.
- W4381663556 hasConcept C162118730 @default.
- W4381663556 hasConcept C162324750 @default.
- W4381663556 hasConcept C175444787 @default.
- W4381663556 hasConcept C205706631 @default.
- W4381663556 hasConcept C2776291640 @default.
- W4381663556 hasConcept C2778174566 @default.
- W4381663556 hasConcept C2779449553 @default.
- W4381663556 hasConcept C2779871187 @default.
- W4381663556 hasConcept C28901747 @default.
- W4381663556 hasConcept C339426 @default.
- W4381663556 hasConcept C41008148 @default.
- W4381663556 hasConcept C77805123 @default.
- W4381663556 hasConcept C78458016 @default.
- W4381663556 hasConcept C86803240 @default.
- W4381663556 hasConceptScore W4381663556C106159729 @default.
- W4381663556 hasConceptScore W4381663556C118084267 @default.
- W4381663556 hasConceptScore W4381663556C119857082 @default.
- W4381663556 hasConceptScore W4381663556C14036430 @default.
- W4381663556 hasConceptScore W4381663556C148220186 @default.
- W4381663556 hasConceptScore W4381663556C15744967 @default.
- W4381663556 hasConceptScore W4381663556C162118730 @default.
- W4381663556 hasConceptScore W4381663556C162324750 @default.
- W4381663556 hasConceptScore W4381663556C175444787 @default.
- W4381663556 hasConceptScore W4381663556C205706631 @default.
- W4381663556 hasConceptScore W4381663556C2776291640 @default.
- W4381663556 hasConceptScore W4381663556C2778174566 @default.
- W4381663556 hasConceptScore W4381663556C2779449553 @default.
- W4381663556 hasConceptScore W4381663556C2779871187 @default.
- W4381663556 hasConceptScore W4381663556C28901747 @default.
- W4381663556 hasConceptScore W4381663556C339426 @default.
- W4381663556 hasConceptScore W4381663556C41008148 @default.
- W4381663556 hasConceptScore W4381663556C77805123 @default.
- W4381663556 hasConceptScore W4381663556C78458016 @default.
- W4381663556 hasConceptScore W4381663556C86803240 @default.
- W4381663556 hasIssue "05" @default.
- W4381663556 hasLocation W43816635561 @default.
- W4381663556 hasOpenAccess W4381663556 @default.
- W4381663556 hasPrimaryLocation W43816635561 @default.
- W4381663556 hasRelatedWork W1000442088 @default.
- W4381663556 hasRelatedWork W1588621050 @default.
- W4381663556 hasRelatedWork W1985836445 @default.
- W4381663556 hasRelatedWork W2130660756 @default.
- W4381663556 hasRelatedWork W2158170407 @default.
- W4381663556 hasRelatedWork W2808481612 @default.
- W4381663556 hasRelatedWork W2942560721 @default.
- W4381663556 hasRelatedWork W3124720936 @default.
- W4381663556 hasRelatedWork W3149777126 @default.
- W4381663556 hasRelatedWork W2185270724 @default.
- W4381663556 hasVolume "08" @default.
- W4381663556 isParatext "false" @default.
- W4381663556 isRetracted "false" @default.
- W4381663556 workType "article" @default.