4.5 Information Processing最新文献

筛选
英文 中文
The Dilution Effect in Investment Decisions 投资决策中的稀释效应
4.5 Information Processing Pub Date : 2018-08-16 DOI: 10.2139/ssrn.3233111
A. Brueggen, Benedikt Stolze
{"title":"The Dilution Effect in Investment Decisions","authors":"A. Brueggen, Benedikt Stolze","doi":"10.2139/ssrn.3233111","DOIUrl":"https://doi.org/10.2139/ssrn.3233111","url":null,"abstract":"Investment decisions are among the most important managerial decisions. The purpose of this study is to examine whether non-diagnostic information in investment decisions elicits a dilution effect such that decision outcomes deviate from a Net Present Value (NPV) assessment. We also answer the question of whether the dilution effect is contingent upon the level of uncertainty in investment decisions. We provide theoretical explanations and experimental evidence on how non-diagnostic information affects decision makers and how that reflects in their investment behavior. Based on a lab experiment we find – in line with our expectation – that non-diagnostic information creates a dilution effect in investment decisions and influences investments. We show that the amount of non-diagnostic information is related to the magnitude of the dilution effect. Our results also indicate that decision makers reduce investment amounts when facing uncertainty and that information cue characteristics alter decision outcomes, even if the information provided is non-diagnostic.","PeriodicalId":226818,"journal":{"name":"4.5 Information Processing","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131541513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信