Managerial “irrationality” in financial decision making

摘要: This paper examines managerial attitudes to risk in the UK see whether managers are apparently “irrational” and focus on simple heuristics rather than concentrating statistical outcomes their decision‐making processes. The findings reported here based a large postal questionnaire survey of different functional areas. results suggest that exhibit many biases have been documented for executives other countries. A framing decision, an emphasis magnitude negative insensitivity probability estimates all characteristics responses scenario cases provided.