Cross-cultural differences in risk perception, but cross-cultural similarities in attitudes towards perceived risk
Article Abstract:
Cross-cultural differences in risk perception were examined by asking a sample of college students from China, Germany, Poland and the US about their perceptions and reactions to risky financial investment options. The results indicate that the pricing of risky options is influenced by cultural differences. This was demonstrated by the larger cross-cultural differences in willingness to pay for risky options relative to culture differences. The Chinese students demonstrated the closest to risk-neutral pricing of financial options, and viewed the options as having the lowest risk. However, their lower risk aversion was not significant. American and German students had the lowest pricing and had the highest risk perception, but their higher risk aversion was not significant. The majority of Chinese, American, German and Polish respondents were perceived to be risk-averse.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1998
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Anticipating the consequences of school reform: a new use of DEA
Article Abstract:
A study was conducted to apply linear programming techniques typically used in data envelopment analysis to simulate public school deregulation. The research specifically simulated a fundamental element of many educational reform proposals, which is the eradication of limitations on the allocation of the budget for school personnel. It investigated the link between two models of performance, namely, the use of direct and indirect output distance functions, to simulate the possible benefits in achievement resulting from the removal of restrictions on the use of school staff assuming that the school district adheres to the financial constraints of their initial budget. Results suggest that educational reform could bring about significant cost savings.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1999
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Performance in principal-agent dyads: the causes and consequences of perceived asymmetry of commitment to the relationship
Article Abstract:
Principal-agent relationships in an insurance distribution channel are further examined by evaluating the perception of both entities regarding each other's performance. These points of view are affected by the perceiver's belief regarding its commitment compared with the other party. In a study conducted among 255 insurance agent-insurance provider dyads, it was found that perceptions regarding the amount of benefits acquired from the dyad is related to the perceptions of asymmetric commitment. Moreover, confidential information acquired from the respondents reveal that views regarding asymmetric commitment partially illustrates actual symmetry.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1997
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