Tempus Fugit: Time Pressure in Risky Decisions

We study the effects of time pressure on risky decisions for pure gain prospects, pure loss prospects, and mixed prospects involving both gains and losses. In an experiment we find that risk aversion for gains is robust under time pressure whereas risk seeking for losses turns into risk aversion under time pressure. For mixed prospects, subjects become more loss averse and more gain seeking under time pressure, depending on the framing of the prospects. The results suggest the importance of aspiration levels under time pressure. We discuss the implications of our findings for decision making situations that involve time pressure

Teachers' Union Demands and Prospects of Teachers in the Globalization Era

In Indonesian society, teacher has a unique position, beside as knowledge, perception, attitude, ehviour transferor also as a role model to the society. It is more than an evolutionary modernization; globalization has touched almost every aspects of life fantastically and jointly, shook every cultural foundations, roots and national defense. Together with family and society, teacher is an institution which tries to control them. In reality, teacher is expected to give his or her biggest effort compared to the other two. On the other hand, teacher burden felt harder from time to time in an artificial, economic oriented and marginalizing noble values society. Teacher is losing their prestige whereas teacher is also expected to be a multidimension person in this third millennium. Can the teacher fight for his or her right to live properly through a solid fight? Can the society accept the reality that as worker, teacher also has the right to build and become a member of a worker union? ILO Convention ratification four years ago showed that teacher is allowed to start his or her own worker union. Teacher's Union must be a promoter to the development of teacher's social economic status and professionalism and to push trade unionism to be a social movement

Beyond the crisis: prospects for emerging Europe

This working paper by Zsolt Darvas assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects of CEES countries, the Caucasus and Central Asia, which starting their economic transition about twenty years ago. Evidence shows that the crisis has had a major impact on the within-sample fit of the models used and that the positive impact of EU enlargement on growth is smaller than previous research has shown. The crisis has also altered the future growth prospects of the countries studied, even in the optimistic but unrealistic case of a return to pre-crisis capital inflows and credit booms. A version of this publication was also released as an article for Comparative Economic Studies (2011) 53, 261â??290; published online 28 April 2011

Prospect relativity: How choice options influence decision under risk

In many theories of decision under risk (e.g., expected utility theory, rank-dependent utility theory, and prospect theory), the utility of a prospect is independent of other options in the choice set. The experiments presented here show a large effect of the available options, suggesting instead that prospects are valued relative to one another. The judged certainty equivalent for a prospect is strongly influenced by the options available. Similarly, the selection of a preferred prospect is strongly influenced by the prospects available, Alternative theories of decision under risk (e.g., the stochastic difference model, multialternative decision field theory, and range frequency theory), where prospects are valued relative to one another, can provide an account of these context effects

Tempus Fugit: Time Pressure in Risky Decisions

We study the effects of time pressure on risky decisions for pure gain prospects, pure loss prospects, and mixed prospects involving both gains and losses. In an experiment we find that risk aversion for gains is robust under time pressure whereas risk seeking for losses turns into risk aversion under time pressure. For mixed prospects, subjects become more loss averse and more gain seeking under time pressure, depending on the framing of the prospects. The results suggest the importance of aspiration levels under time pressure. We discuss the implications of our findings for decision making situations that involve time pressure.time pressure; risky decisions; risk aversion; loss aversion; gain seeking; aspiration level

REINVESTMENT ACTIVITY OF INDUSTRIAL ENTERPRISE – STIMULATORS AND MOTIVATORS: CASE OF UKRAINE

Basic tendencies in investment climate of Ukraine are discovered. The principal sources of investments of industrial enterprises are examined. The process of reinvestment activity of industrial enterprises and its influence on the prospects of economic growth of the country are considered. Basic stimulators and motivators which allow to accelerate the reinvestment activity of the industrial enterprises used in the global economy and recommended by international economic and financial institutions are defined and prospects of its application in Ukraine are considered.Basic tendencies in investment climate of Ukraine are discovered. The principal sources of investments of industrial enterprises are examined. The process of reinvestment activity of industrial enterprises and its influence on the prospects of economic growth of the country are considered. Basic stimulators and motivators which allow to accelerate the reinvestment activity of the industrial enterprises used in the global economy and recommended by international economic and financial institutions are defined and prospects of its application in Ukraine are considered

Prediction of entrepreneurship : an ordered regression approach

Entrepreneurship is a popular research topic over the last several decades. Various authors study the characteristics that best define future entrepreneur profiles. In this paper, we apply a framework to screen school populations in the Azores Islands, Portugal, for prospects of entrepreneurship and to study the profiles of those who show noticeably entrepreneurial orientations. The contribution of the paper consists of applying ordered regression to explain the entrepreneurial prospects of students in high school.N/

Signatures of dark Higgs boson in light fermionic dark matter scenarios

Thermal dark matter scenarios based on light (sub-GeV) fermions typically require the presence of an extra dark sector containing both a massive dark photon along with a dark Higgs boson. The latter generates both the dark photon mass and an additional mass term for the dark sector fermions. This simple setup has both rich phenomenology and bright detection prospects at high-intensity accelerator experiments. We point out that in addition to the well studied pseudo-Dirac regime, this model can achieve the correct relic density in three different scenarios, and examine in details their properties and experimental prospects. We emphasize in particular the effect of the dark Higgs boson on both detection prospects and cosmological bounds.Comment: 32 pages, 9 figures, 2 table

Demand Curves and the Pricing of Money Management

Recent studies (e.g. Gruber (1996)) conclude that a subset of investors allocates away from funds with relatively worse prospects, and toward funds with better prospects. The implication for a given fund is that good prospects increase the density of performance-sensitive investors, and bad prospects increase the density of performance-insensitive investors. Since fees come out of performance, this has a straightforward pricing implication: investors remaining in the funds with bad prospects should be charged more, whether by the same fund or by a different fund that absorbs the investors. This dynamic is apparent from several angles in a sample of retail money-funds.