Effects of Risk and Ambiguity on Behavioral Choice and Resource Allocation Decisions
Decision researchers have consistently found that uncertainty has separate effects on judgments and choices. Decision theorists typically focus on binary choice alternatives. However, many decision problems involve determining optimal allocations of resources across continuously distributed competing demands. Scholars of organizational behavior have suggested that individuals form a perception of the form of the contingency functions that relate acts to outcomes. They assume that individuals then behave with respect to those perceived contingency functions, without regard to uncertainty related to those contingencies.
University of Illinois - Urbana-Champaign
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University of Illinois at Urbana-Champaign