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Download Escalation in Decision-Making: Behavioural Economics in Business eBook

by Julia Hodgson,Helga Drummond

Download Escalation in Decision-Making: Behavioural Economics in Business eBook
ISBN:
1409402363
Author:
Julia Hodgson,Helga Drummond
Category:
Social Sciences
Language:
English
Publisher:
Routledge; 1 edition (May 28, 2011)
Pages:
180 pages
EPUB book:
1770 kb
FB2 book:
1695 kb
DJVU:
1649 kb
Other formats
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Rating:
4.7
Votes:
849


The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby .

The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby decision-makers passively drift towards insolvency as the cost of changing direction becomes too high.

The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby .

Escalation in Decision-Making reveals why social scientists believe that owners may not respond .

Escalation in Decision-Making reveals why social scientists believe that owners may not respond rationally to such predicaments. Instead of exiting when the odds are clearly stacked against them, they re-invest and end up compounding their losses - a phenomenon known as escalation of commitment. The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby decision-makers passively drift towards insolvency as the cost of changing direction becomes too high.

Behavioural Economics in Business. University of Liverpool Management School, UK. JULIA HODGSON

Behavioural Economics in Business. JULIA HODGSON.

Economics %Psychological aspects. 65. 03 D795 (Browse Shelf).

Authors: Hodgson, Julia,%1965-%joint author Published by : Gower, (Farnham, England ; Burlington, VT :) Physical details: 165p. Economics %Psychological aspects.

Rich in case studies involving real business decisions and dilemmas, Escalation in Decision-Making reveals why social scientists believe that owners may not respond rationally to such predicaments. Instead of exiting when the odds are clearly stacked against them, they re-invest and end up compounding their losses – a phenomenon known as escalation of commitment. Escalation in Decision Making is widely relevant to practitioners such as project managers in large organizations and to those responsible for managing risk in many situations.

Escalation in Decision-Making - eBook. Julia Hodgson, Helga Drummond. This button opens a dialog that displays additional images for this product with the option to zoom in or out. Tell us if something is incorrect. Escalation in Decision-Making - eBook.

Escalation in Decision-Making. The Tragedy of Taurus. Helga Drummond succeeds in convincing the reader that the escalation concept provides a fruitful way of studying information systems failure. Helga Drummond, Senior Lecturer, Institute of Public Administration and Management, University of Liverpool. Escalation in Decision-Making. I strongly recommend Escalation in Decision-Making. Frank Lund, European Journal of Information Systems.

Электронная книга "Neuroscience and the Economics of Decision Making", Alessandro Innocenti. Эту книгу можно прочитать в Google Play Книгах на компьютере, а также на устройствах Android и iOS. Выделяйте текст, добавляйте закладки и делайте. Выделяйте текст, добавляйте закладки и делайте заметки, скачав книгу "Neuroscience and the Economics of Decision Making" для чтения в офлайн-режиме.

Escalation in decision-making behavioural economics in business /. Saved in: Main Author: Drummond, Helga. Hodgson, Julia, 1965-, EBSCO Publishing (Firm). Other Authors: Hodgson, Julia, 1965-, EBSCO Publishing (Firm). Published: Farnham ; Burlington, Vt.

When a venture seems to be faltering, do you persist and hope that things will get better or do you cut your losses? This may be one of the most important decisions business or project owners may ever have to make. Persistence involves the risk of throwing good money (or resources) after bad, but owners may feel they have too much invested to quit now. Escalation in Decision-Making reveals why social scientists believe that owners may not respond rationally to such predicaments. Instead of exiting when the odds are clearly stacked against them, they re-invest and end up compounding their losses - a phenomenon known as escalation of commitment. The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby decision-makers passively drift towards insolvency as the cost of changing direction becomes too high. So: · what drives escalation? · why do some owners quit whilst others persist until the bailiffs arrive? · what can we learn from owners' mistakes? · what makes newcomers believe they can succeed where others are conspicuously failing? These questions of behavioural economics are answered using a narrative that analyses decisions made by market traders facing economic extinction. Many highly successful entrepreneurs started their careers in markets - it was once an almost guaranteed route to prosperity - now market traders are struggling to survive. Although the market traders featured are small entrepreneurs, the ubiquitous phenomenon of escalation at the heart of these stories is widely relevant to practitioners such as project managers in large organizations and to those responsible for managing risk in many situations. Rich in case studies involving real business decisions and dilemmas, Escalation in Decision-Making provides an accessible introduction to the application of theory against a background of growing interest in behavioural economics, now being researched and taught in univ