메뉴 건너뛰기




Volumn 25, Issue 2, 2008, Pages 203-240

Uncertainty and industry structure effects on managerial intuition about information technology real options

Author keywords

Behavioral finance; IT investments; Real options theory

Indexed keywords

BEHAVIORAL ECONOMICS; BEHAVIORAL FINANCE; COMPETITIVE BEHAVIOR; DECISION OUTCOME; DEFERRAL OPTION; EXPECTED UTILITY; EXPERIMENTAL EVIDENCE; GROWTH OPTIONS; INDUSTRY STRUCTURES; INFORMATION TECHNOLOGY INVESTMENTS; IT INVESTMENTS; MARKET BEHAVIOR; REAL OPTIONS; REAL OPTIONS ANALYSIS; REAL OPTIONS THEORY; REGRET THEORY; SYSTEMATIC VARIATION;

EID: 66549115367     PISSN: 07421222     EISSN: None     Source Type: Journal    
DOI: 10.2753/MIS0742-1222250209     Document Type: Article
Times cited : (34)

References (83)
  • 1
    • 0346337202 scopus 로고    scopus 로고
    • Acting on intentions: The role of anticipated regret
    • Abraham, C., and Sheeran, P. Acting on intentions: The role of anticipated regret. British Journal of Social Psychology, 42, 4 (2003), 495-511.
    • (2003) British Journal of Social Psychology , vol.42 , Issue.4 , pp. 495-511
    • Abraham, C.1    Sheeran, P.2
  • 3
    • 0003247830 scopus 로고    scopus 로고
    • The theory-practice gap in capital budgeting: Evidence from the United Kingdom
    • Arnold, G.C., and Hatzopoulos, P.D. The theory-practice gap in capital budgeting: Evidence from the United Kingdom. Journal of Business Finance & Accounting, 27, 5 (2000), 603-626.
    • (2000) Journal of Business Finance & Accounting , vol.27 , Issue.5 , pp. 603-626
    • Arnold, G.C.1    Hatzopoulos, P.D.2
  • 4
    • 0041190454 scopus 로고
    • Normative and substantive expertise in multiple hypotheses evaluation
    • Asare, S.K., and Wright, A. Normative and substantive expertise in multiple hypotheses evaluation. Organizational Behavior and Human Decision Processes, 64, 2(1995), 171-184.
    • (1995) Organizational Behavior and Human Decision Processes , vol.64 , Issue.2 , pp. 171-184
    • Asare, S.K.1    Wright, A.2
  • 5
    • 53349174733 scopus 로고
    • The use of decision criteria in selecting information systems technology investments
    • Bacon, C.J. The use of decision criteria in selecting information systems technology investments. MIS Quarterly, 16, 3 (1992), 335-353.
    • (1992) MIS Quarterly , vol.16 , Issue.3 , pp. 335-353
    • Bacon, C.J.1
  • 6
    • 0042350815 scopus 로고    scopus 로고
    • A survey of behavioral finance
    • G. Constantinides, M. Harris, and R. Stulz eds, Amsterdam: North-Holland
    • Barberis, N., and Thaler, R. A survey of behavioral finance. In G. Constantinides, M. Harris, and R. Stulz (eds.), Handbook of the Economics of Finance. Amsterdam: North-Holland, 2003, pp. 1051-1118.
    • (2003) Handbook of the Economics of Finance , pp. 1051-1118
    • Barberis, N.1    Thaler, R.2
  • 7
    • 7444259766 scopus 로고    scopus 로고
    • Prioritizing a portfolio of information technology investment projects
    • Fall
    • Bardhan, L; Bagchi, S.; and Sougstad, R. Prioritizing a portfolio of information technology investment projects. Journal of Management Information Systems, 21, 2 (Fall 2004), 33-60.
    • (2004) Journal of Management Information Systems , vol.21 , Issue.2 , pp. 33-60
    • Bardhan, L.1    Bagchi, S.2    Sougstad, R.3
  • 8
    • 0020183162 scopus 로고
    • Regret in decision making under uncertainty
    • Bell, D.E. Regret in decision making under uncertainty. Operations Research, 30, 5 (1982), 961-981.
    • (1982) Operations Research , vol.30 , Issue.5 , pp. 961-981
    • Bell, D.E.1
  • 9
    • 0036754796 scopus 로고    scopus 로고
    • Managing information technology investment risk: A real options perspective
    • Fall
    • Benaroch, M. Managing information technology investment risk: A real options perspective. Journal of Management Information Systems, 19, 2 (Fall 2002), 43-84.
    • (2002) Journal of Management Information Systems , vol.19 , Issue.2 , pp. 43-84
    • Benaroch, M.1
  • 10
    • 0033437913 scopus 로고    scopus 로고
    • A case for using real options pricing analysis to evaluate information technology project investment
    • Benaroch, M., and Kauffman, R.J. A case for using real options pricing analysis to evaluate information technology project investment. Information Systems Research, 10, 1 (1999), 70-86.
    • (1999) Information Systems Research , vol.10 , Issue.1 , pp. 70-86
    • Benaroch, M.1    Kauffman, R.J.2
  • 11
    • 33846021950 scopus 로고    scopus 로고
    • Real options in information technology risk management: An empirical validation of risk-option relationships
    • Benaroch, M.; Lichtenstein, Y.; and Robinson, K. Real options in information technology risk management: An empirical validation of risk-option relationships. MIS Quarterly, 30, 4 (2006), 827-864.
    • (2006) MIS Quarterly , vol.30 , Issue.4 , pp. 827-864
    • Benaroch, M.1    Lichtenstein, Y.2    Robinson, K.3
  • 12
    • 33845779035 scopus 로고    scopus 로고
    • On the valuation of multistage information technology investments embedding nested real options
    • Summer
    • Benaroch, M.; Shah, S.; and Jeffery, M. On the valuation of multistage information technology investments embedding nested real options. Journal of Management Information Systems, 23, 1 (Summer 2006), 239-261.
    • (2006) Journal of Management Information Systems , vol.23 , Issue.1 , pp. 239-261
    • Benaroch, M.1    Shah, S.2    Jeffery, M.3
  • 13
    • 38349137470 scopus 로고    scopus 로고
    • Option-based risk management: A field study of sequential information technology investment decisions
    • Fall
    • Benaroch, M.; Jeffrey, M.; Kauffman, R.J.; and Shah, S. Option-based risk management: A field study of sequential information technology investment decisions. Journal of Management Information Systems, 24, 2 (Fall 2007), 103-140.
    • (2007) Journal of Management Information Systems , vol.24 , Issue.2 , pp. 103-140
    • Benaroch, M.1    Jeffrey, M.2    Kauffman, R.J.3    Shah, S.4
  • 14
    • 4043140147 scopus 로고    scopus 로고
    • Second-best considerations in correcting cognitive biases
    • Besharov, G. Second-best considerations in correcting cognitive biases. Southern Economic Journal, 71, 1 (2004), 12-20.
    • (2004) Southern Economic Journal , vol.71 , Issue.1 , pp. 12-20
    • Besharov, G.1
  • 15
    • 21344476299 scopus 로고
    • Strategy through the option lens: An integrated view of resource investments and the incremental-choice process
    • Bowman, E.H., and Hurry, D. Strategy through the option lens: An integrated view of resource investments and the incremental-choice process. Academy of Management Review, 18, 4 (1993), 760-782.
    • (1993) Academy of Management Review , vol.18 , Issue.4 , pp. 760-782
    • Bowman, E.H.1    Hurry, D.2
  • 16
    • 0001509002 scopus 로고
    • Effects of outcome information on evaluations of managerial decisions
    • Brown, C.E., and Solomon, I. Effects of outcome information on evaluations of managerial decisions. Accounting Review, 62, 3 (1987), 255-266.
    • (1987) Accounting Review , vol.62 , Issue.3 , pp. 255-266
    • Brown, C.E.1    Solomon, I.2
  • 17
    • 0031161748 scopus 로고    scopus 로고
    • Real options in practice: An exploratory survey of how finance officers deal with flexibility in capital appraisal
    • Busby, J., and Pitts, C. Real options in practice: An exploratory survey of how finance officers deal with flexibility in capital appraisal. Management Accounting Research, 8, 2 (1997), 169-186.
    • (1997) Management Accounting Research , vol.8 , Issue.2 , pp. 169-186
    • Busby, J.1    Pitts, C.2
  • 18
    • 0033270827 scopus 로고    scopus 로고
    • The effects of financial incentives in experiments: A review and capital-labor-production framework
    • Camerer, C., and Hogarth, R. The effects of financial incentives in experiments: A review and capital-labor-production framework. Journal of Risk and Uncertainty, 19, 1-3 (1999), 7-42.
    • (1999) Journal of Risk and Uncertainty , vol.19 , Issue.1-3 , pp. 7-42
    • Camerer, C.1    Hogarth, R.2
  • 19
    • 0001372829 scopus 로고    scopus 로고
    • Overconfidence and excess entry: An experimental approach
    • Camerer, C., and Lovallo, D. Overconfidence and excess entry: An experimental approach. American Economic Review, 89, 1 (1999), 306-318.
    • (1999) American Economic Review , vol.89 , Issue.1 , pp. 306-318
    • Camerer, C.1    Lovallo, D.2
  • 20
    • 0242405940 scopus 로고    scopus 로고
    • Justifying information technology investments: Balancing the need for speed of action with certainty before action
    • Fall
    • Clemons, E.K., and Gu, B. Justifying information technology investments: Balancing the need for speed of action with certainty before action. Journal of Management Information Systems, 20, 2 (Fall 2003), 11-48.
    • (2003) Journal of Management Information Systems , vol.20 , Issue.2 , pp. 11-48
    • Clemons, E.K.1    Gu, B.2
  • 22
    • 1642499998 scopus 로고    scopus 로고
    • The impact of volatility on firms holding growth options
    • Davis, G.A. The impact of volatility on firms holding growth options. Engineering Economist, 47, 2 (2002), 213-231.
    • (2002) Engineering Economist , vol.47 , Issue.2 , pp. 213-231
    • Davis, G.A.1
  • 23
    • 0001522342 scopus 로고
    • A comparison of naïve and experienced bidders in common value offer auctions: A laboratory analysis
    • March
    • Dyer, D.; Kagel, J.H.; and Levin, D. A comparison of naïve and experienced bidders in common value offer auctions: A laboratory analysis. Economic Journal, 99 (March 1989), 108-115.
    • (1989) Economic Journal , vol.99 , pp. 108-115
    • Dyer, D.1    Kagel, J.H.2    Levin, D.3
  • 25
    • 14944376832 scopus 로고    scopus 로고
    • Beyond valuation: Options thinking in IT project management
    • Fichman, R.G.; Keil, M.; and Tiwana, A. Beyond valuation: Options thinking in IT project management. California Management Review, 47, 2 (2005), 74-96.
    • (2005) California Management Review , vol.47 , Issue.2 , pp. 74-96
    • Fichman, R.G.1    Keil, M.2    Tiwana, A.3
  • 28
    • 0033420813 scopus 로고    scopus 로고
    • Performance evaluation judgments: Effects of prior experience under different performance evaluation schemes and feedback frequencies
    • Frederickson, J.R.; Peffer, S.A.; and Pratt, J. Performance evaluation judgments: Effects of prior experience under different performance evaluation schemes and feedback frequencies. Journal of Accounting Research, 37, 1 (1999), 151-165.
    • (1999) Journal of Accounting Research , vol.37 , Issue.1 , pp. 151-165
    • Frederickson, J.R.1    Peffer, S.A.2    Pratt, J.3
  • 30
    • 66549111719 scopus 로고    scopus 로고
    • Hallowell, R., and Sasser, W.E. The royal automobile club rescue services division: Transformation through technology. Case Study 693029, Harvard Business School, Boston, 1992.
    • Hallowell, R., and Sasser, W.E. The royal automobile club rescue services division: Transformation through technology. Case Study 693029, Harvard Business School, Boston, 1992.
  • 33
    • 0000398111 scopus 로고    scopus 로고
    • Investor psychology and asset pricing
    • Hirshleifer, D. Investor psychology and asset pricing. Journal of Finance, 56, 4 (2001), 1533-1597.
    • (2001) Journal of Finance , vol.56 , Issue.4 , pp. 1533-1597
    • Hirshleifer, D.1
  • 34
    • 0000534362 scopus 로고    scopus 로고
    • Laboratory evidence on how managers intuitively value real growth options
    • Howell, S.D., and Jägle, A.J. Laboratory evidence on how managers intuitively value real growth options. Journal of Business Finance & Accounting, 24, 7-8 (1997), 915-935.
    • (1997) Journal of Business Finance & Accounting , vol.24 , Issue.7-8 , pp. 915-935
    • Howell, S.D.1    Jägle, A.J.2
  • 35
    • 0001447080 scopus 로고
    • The winner's curse and public information in common value auctions
    • Kagel, J.H., and Levin, D. The winner's curse and public information in common value auctions. American Economic Review, 76, 5 (1986), 894 - 919.
    • (1986) American Economic Review , vol.76 , Issue.5 , pp. 894-919
    • Kagel, J.H.1    Levin, D.2
  • 36
    • 0002731826 scopus 로고
    • Timid choices and bold forecasts: A cognitive perspective on risk-taking
    • Kahneman, D., and Lovallo, D. Timid choices and bold forecasts: A cognitive perspective on risk-taking. Management Science, 39, 1 (1993) 17-31.
    • (1993) Management Science , vol.39 , Issue.1 , pp. 17-31
    • Kahneman, D.1    Lovallo, D.2
  • 37
    • 0038266698 scopus 로고    scopus 로고
    • The calibration of expert judgment: Heuristics and biases beyond the laboratory
    • T. Gilovich, D. Griffin, and D. Kahneman eds, Cambridge: Cambridge University Press
    • Koehler, D.J.; Brenner, L.; and Griffin, D. The calibration of expert judgment: Heuristics and biases beyond the laboratory. In T. Gilovich, D. Griffin, and D. Kahneman (eds.), Heuristics and Biases: The Psychology of Intuitive Judgment. Cambridge: Cambridge University Press, 2002, pp. 686-715.
    • (2002) Heuristics and Biases: The Psychology of Intuitive Judgment , pp. 686-715
    • Koehler, D.J.1    Brenner, L.2    Griffin, D.3
  • 38
    • 44149093434 scopus 로고
    • Reputation and imperfect information
    • Kreps, D., and Wilson, R. Reputation and imperfect information. Journal of Economic Theory, 27, 2 (1982), 253-279.
    • (1982) Journal of Economic Theory , vol.27 , Issue.2 , pp. 253-279
    • Kreps, D.1    Wilson, R.2
  • 39
    • 0347307014 scopus 로고    scopus 로고
    • Competition and cost accounting: Adapting to changing markets
    • Krishnan, R.; Luft, J.; and Shields, M.D. Competition and cost accounting: Adapting to changing markets. Contemporary Accounting Research, 19, 2 (2002), 271-302.
    • (2002) Contemporary Accounting Research , vol.19 , Issue.2 , pp. 271-302
    • Krishnan, R.1    Luft, J.2    Shields, M.D.3
  • 40
    • 7444249783 scopus 로고    scopus 로고
    • A framework for assessing the business value of information technology infrastructure
    • Fall
    • Kumar, R.L. A framework for assessing the business value of information technology infrastructure. Journal of Management Information Systems, 21, 2 (Fall 2004), 11-32.
    • (2004) Journal of Management Information Systems , vol.21 , Issue.2 , pp. 11-32
    • Kumar, R.L.1
  • 41
    • 17844376758 scopus 로고    scopus 로고
    • Building and sustaining profitable customer loyalty for the 21st century
    • Kumar, V., and Shah, D. Building and sustaining profitable customer loyalty for the 21st century. Journal of Retailing, 80, 4 (2004), 317-330.
    • (2004) Journal of Retailing , vol.80 , Issue.4 , pp. 317-330
    • Kumar, V.1    Shah, D.2
  • 42
    • 0001816214 scopus 로고    scopus 로고
    • The real power of real options
    • Summer
    • Leslie, K.J., and Michaels, M.P. The real power of real options. McKinsey Quarterly, 33 (Summer 1997), 4-19.
    • (1997) McKinsey Quarterly , vol.33 , pp. 4-19
    • Leslie, K.J.1    Michaels, M.P.2
  • 43
    • 23944471130 scopus 로고    scopus 로고
    • Does prospect theory explain IPO market behavior?
    • Ljungqvist, A., and Wilhelm, W. Does prospect theory explain IPO market behavior? Journal of Finance, 60, 4 (2005), 1759-1790.
    • (2005) Journal of Finance , vol.60 , Issue.4 , pp. 1759-1790
    • Ljungqvist, A.1    Wilhelm, W.2
  • 44
    • 0000923828 scopus 로고
    • Regret theory: An alternative theory of rational choice under uncertainty
    • December
    • Loonies, G., and Sugden, R. Regret theory: An alternative theory of rational choice under uncertainty. Economic Journal, 92 (December 1982), 805-824.
    • (1982) Economic Journal , vol.92 , pp. 805-824
    • Loonies, G.1    Sugden, R.2
  • 45
    • 0023456474 scopus 로고
    • Managerial perspectives on risk and risk taking
    • March, J., and Shapira, Z. Managerial perspectives on risk and risk taking. Management Science, 33, 11 (1987), 1404-1418.
    • (1987) Management Science , vol.33 , Issue.11 , pp. 1404-1418
    • March, J.1    Shapira, Z.2
  • 46
    • 84868955648 scopus 로고    scopus 로고
    • SDA Bocconi Research Division Working Paper 01-42, University of Bocconi, Marketing Department, Milan, Italy, February 2001 available at
    • Mauri, C. Card loyalty: A new emerging issue in grocery retailing. SDA Bocconi Research Division Working Paper 01-42, University of Bocconi, Marketing Department, Milan, Italy, February 2001 (available at http://ssrn.com/abstract= 271768).
    • Card loyalty: A new emerging issue in grocery retailing
    • Mauri, C.1
  • 47
    • 0142218703 scopus 로고    scopus 로고
    • Real options and rules of thumb in capital budgeting
    • M.J. Brennan and L. Trigeorgis eds, Oxford: Oxford University Press
    • McDonald, R.L. Real options and rules of thumb in capital budgeting. In M.J. Brennan and L. Trigeorgis (eds.), Project Flexibility, Agency, and Competition. Oxford: Oxford University Press, 2000, pp. 13-33.
    • (2000) Project Flexibility, Agency, and Competition , pp. 13-33
    • McDonald, R.L.1
  • 48
    • 0031484914 scopus 로고    scopus 로고
    • A real options logic for initiating technology positioning investments
    • McGrath, R.G. A real options logic for initiating technology positioning investments. Academy of Management Review, 22, 4 (1997), 974-996.
    • (1997) Academy of Management Review , vol.22 , Issue.4 , pp. 974-996
    • McGrath, R.G.1
  • 49
    • 0033249242 scopus 로고    scopus 로고
    • Real options reasoning and entrepreneurial failure
    • McGrath, R.G. Falling forward: Real options reasoning and entrepreneurial failure. Academy of Management Review, 24, 1 (1999), 13-30.
    • (1999) Academy of Management Review , vol.24 , Issue.1 , pp. 13-30
    • McGrath1    Falling forward, R.G.2
  • 51
    • 0000738652 scopus 로고
    • Predation, reputation and entry deterrence
    • Milgrom, P., and Roberts, J. Predation, reputation and entry deterrence. Journal of Economic Theory, 27, 2 (1982), 280-312.
    • (1982) Journal of Economic Theory , vol.27 , Issue.2 , pp. 280-312
    • Milgrom, P.1    Roberts, J.2
  • 52
    • 1942442475 scopus 로고    scopus 로고
    • Technology search investments: Evolutionary, option reasoning, and option pricing approaches
    • Miller, K.D., and Arikan, A.T. Technology search investments: Evolutionary, option reasoning, and option pricing approaches. Strategic Management Journal, 25, 5 (2004), 473-485.
    • (2004) Strategic Management Journal , vol.25 , Issue.5 , pp. 473-485
    • Miller, K.D.1    Arikan, A.T.2
  • 53
    • 1242265423 scopus 로고    scopus 로고
    • An empirical test of heuristics and biases affecting real option valuation
    • Miller, K.D., and Shapira, Z. An empirical test of heuristics and biases affecting real option valuation. Strategic Management Journal, 25, 3 (2004), 269-284.
    • (2004) Strategic Management Journal , vol.25 , Issue.3 , pp. 269-284
    • Miller, K.D.1    Shapira, Z.2
  • 54
    • 50049124135 scopus 로고    scopus 로고
    • What competition? Myopic self-focus in market entry decisions
    • Moore, D.M.; Oesch, J.M.; and Zietsma, C. What competition? Myopic self-focus in market entry decisions. Organization Science, 18, 3 (2007), 440-454.
    • (2007) Organization Science , vol.18 , Issue.3 , pp. 440-454
    • Moore, D.M.1    Oesch, J.M.2    Zietsma, C.3
  • 55
    • 58049132330 scopus 로고    scopus 로고
    • Working Paper, Vienna University of Economics and Business Administration, Vienna, Austria, October
    • Muermann, A., and Volkman, J.M. Regret, pride, and the disposition effect. Working Paper, Vienna University of Economics and Business Administration, Vienna, Austria, October 2006.
    • (2006) Regret, pride, and the disposition effect
    • Muermann, A.1    Volkman, J.M.2
  • 56
    • 0343468534 scopus 로고    scopus 로고
    • Telling more than we can know: Verbal reports on mental processes
    • Nisbett, R.E., and Wilson, T.D. Telling more than we can know: Verbal reports on mental processes. Psychological Review, 84, 3 (1997), 231-259.
    • (1997) Psychological Review , vol.84 , Issue.3 , pp. 231-259
    • Nisbett, R.E.1    Wilson, T.D.2
  • 57
    • 58049101316 scopus 로고    scopus 로고
    • The disposition effect and individual investor decisions: The roles of regret and counterfactual alternatives
    • O'Currey Fogel, S., and Berry, T. The disposition effect and individual investor decisions: The roles of regret and counterfactual alternatives. Journal of Behavioral Finance, 7, 2 (2006), 107-120.
    • (2006) Journal of Behavioral Finance , vol.7 , Issue.2 , pp. 107-120
    • O'Currey Fogel, S.1    Berry, T.2
  • 59
    • 0039107365 scopus 로고    scopus 로고
    • Underreaction, overreaction, and increasing misreaction to information in the options market
    • Poteshman, A.M. Underreaction, overreaction, and increasing misreaction to information in the options market. Journal of Finance, 56, 3 (2001), 851-876.
    • (2001) Journal of Finance , vol.56 , Issue.3 , pp. 851-876
    • Poteshman, A.M.1
  • 60
    • 0030139239 scopus 로고    scopus 로고
    • Probability of regret: Anticipation of uncertainty resolution in choice
    • Ritov, I. Probability of regret: Anticipation of uncertainty resolution in choice. Organizational Behavior and Human Decision Processes, 66, 2 (1996), 228-236.
    • (1996) Organizational Behavior and Human Decision Processes , vol.66 , Issue.2 , pp. 228-236
    • Ritov, I.1
  • 62
    • 0039737886 scopus 로고    scopus 로고
    • Beyond the business case: New approaches to IT investment
    • Ross, J.W., and Beath, CM. Beyond the business case: New approaches to IT investment. Sloan Management Review, 43, 2 (2002), 52-59.
    • (2002) Sloan Management Review , vol.43 , Issue.2 , pp. 52-59
    • Ross, J.W.1    Beath, C.M.2
  • 63
    • 0003158414 scopus 로고    scopus 로고
    • Develop long-term competitiveness through IT assets
    • Ross, J.W.; Beath, C.M.; and Goodhue, D.L. Develop long-term competitiveness through IT assets. Sloan Management Review, 38, 1 (1996), 31-43.
    • (1996) Sloan Management Review , vol.38 , Issue.1 , pp. 31-43
    • Ross, J.W.1    Beath, C.M.2    Goodhue, D.L.3
  • 64
    • 84868956078 scopus 로고    scopus 로고
    • Thinking in real (options) time
    • available at, accessed January 20, 2008
    • Sammer, J. Thinking in real (options) time. BusinessFinance (2002) (available at http://www.businessfinancemag.com/magazine/archives, accessed January 20, 2008).
    • (2002) BusinessFinance
    • Sammer, J.1
  • 65
    • 0037284628 scopus 로고    scopus 로고
    • Investment under uncertainty in information technology acquisition and development projects
    • Schwartz, E.S., and Zozaya-Gorostiza, C. Investment under uncertainty in information technology acquisition and development projects. Management Science, 49, 1 (2003), 57-71.
    • (2003) Management Science , vol.49 , Issue.1 , pp. 57-71
    • Schwartz, E.S.1    Zozaya-Gorostiza, C.2
  • 66
    • 0012296912 scopus 로고    scopus 로고
    • Patterns of behavior of professionally managed and independent investors
    • Shapira, Z., and Venezia, I. Patterns of behavior of professionally managed and independent investors. Journal of Banking and Finance, 25, 8 (2001), 1573-1587.
    • (2001) Journal of Banking and Finance , vol.25 , Issue.8 , pp. 1573-1587
    • Shapira, Z.1    Venezia, I.2
  • 67
    • 0000644543 scopus 로고    scopus 로고
    • Cognitive biases, risk perception, and venture formation: How individuals decide to start companies
    • Simon, M.; Houghton, S.M.; and Aquino, K. Cognitive biases, risk perception, and venture formation: How individuals decide to start companies. Journal of Business Venturing, 15, 2(2000), 113-134.
    • (2000) Journal of Business Venturing , vol.15 , Issue.2 , pp. 113-134
    • Simon, M.1    Houghton, S.M.2    Aquino, K.3
  • 68
    • 0001075781 scopus 로고
    • The influence of anticipating regret and responsibility on purchasing decisions
    • Simonson, I. The influence of anticipating regret and responsibility on purchasing decisions. Journal of Consumer Research, 19, 1 (1992), 105-119.
    • (1992) Journal of Consumer Research , vol.19 , Issue.1 , pp. 105-119
    • Simonson, I.1
  • 69
    • 49649151167 scopus 로고
    • Comparison of Bayesian and regression approaches to the study of information processing in judgment
    • Slovic, P., and Lichtenstein, S. Comparison of Bayesian and regression approaches to the study of information processing in judgment. Organizational Behavior and Human Performance, 6, 6 (1971), 649-744.
    • (1971) Organizational Behavior and Human Performance , vol.6 , Issue.6 , pp. 649-744
    • Slovic, P.1    Lichtenstein, S.2
  • 70
    • 38249003115 scopus 로고
    • An axiomatic foundation for regret theory
    • Sugden, R. An axiomatic foundation for regret theory. Journal of Economic Theory, 60, 1 (1993), 159-180.
    • (1993) Journal of Economic Theory , vol.60 , Issue.1 , pp. 159-180
    • Sugden, R.1
  • 71
    • 0242516883 scopus 로고    scopus 로고
    • Using real options analysis for evaluating uncertain investment in information technology: Insights from the ICIS 2001 debate
    • September
    • Tallon, P.P.; Kauffman, R.J.; Lucas, H.C.; Whinston, A.B.; and Zhu, K. Using real options analysis for evaluating uncertain investment in information technology: Insights from the ICIS 2001 debate. Communications of the AIS, 9 (September 2002), 136-167.
    • (2002) Communications of the AIS , vol.9 , pp. 136-167
    • Tallon, P.P.1    Kauffman, R.J.2    Lucas, H.C.3    Whinston, A.B.4    Zhu, K.5
  • 72
    • 0000762108 scopus 로고
    • Capital budgeting in information systems development
    • Tarn, K. Capital budgeting in information systems development. Information & Management, 23, 6 (1992) 345-357.
    • (1992) Information & Management , vol.23 , Issue.6 , pp. 345-357
    • Tarn, K.1
  • 73
    • 0000832328 scopus 로고    scopus 로고
    • Options analysis of software platform decisions: A case study
    • Taudes, A.; Feurstein, M.; and Mild, A. Options analysis of software platform decisions: A case study. MIS Quarterly, 24,2 (2000), 227-243.
    • (2000) MIS Quarterly , vol.24 , Issue.2 , pp. 227-243
    • Taudes, A.1    Feurstein, M.2    Mild, A.3
  • 74
    • 61449266136 scopus 로고    scopus 로고
    • Theory-driven reasoning about plausible pasts and probable futures in world politics
    • T. Gilovich, D. Griffin, and D Kahneman eds, Cambridge: Cambridge University Press
    • Tetlock, P. Theory-driven reasoning about plausible pasts and probable futures in world politics. In T. Gilovich, D. Griffin, and D Kahneman (eds.), Heuristics and Biases: The Psychology of Intuitive Judgment. Cambridge: Cambridge University Press, 2002, pp. 749-762.
    • (2002) Heuristics and Biases: The Psychology of Intuitive Judgment , pp. 749-762
    • Tetlock, P.1
  • 75
    • 33749490556 scopus 로고    scopus 로고
    • Information systems project continuation in escalation situations: A real options model
    • Tiwana, A.; Keil, M.; and Fichman, R.G. Information systems project continuation in escalation situations: A real options model. Decision Sciences, 37, 3 (2006), 357-391.
    • (2006) Decision Sciences , vol.37 , Issue.3 , pp. 357-391
    • Tiwana, A.1    Keil, M.2    Fichman, R.G.3
  • 76
    • 34047133233 scopus 로고    scopus 로고
    • The bounded rationality bias in managerial valuation of real options: Theory and evidence from IT projects
    • Tiwana, A.; Wang, J.; Keil, M.; and Ahluwalia, P. The bounded rationality bias in managerial valuation of real options: Theory and evidence from IT projects. Decision Sciences, 38, 1 (2007), 157-181.
    • (2007) Decision Sciences , vol.38 , Issue.1 , pp. 157-181
    • Tiwana, A.1    Wang, J.2    Keil, M.3    Ahluwalia, P.4
  • 77
    • 33745096128 scopus 로고    scopus 로고
    • Realizing the potential of real options: Does theory meet practice?
    • Triantis, A.J. Realizing the potential of real options: Does theory meet practice? Journal of Applied Corporate Finance, 17, 2 (2005), 8-16.
    • (2005) Journal of Applied Corporate Finance , vol.17 , Issue.2 , pp. 8-16
    • Triantis, A.J.1
  • 79
    • 0001958739 scopus 로고
    • Blind spots in industry and competitor analysis: Implications of interfirm (mis)perceptions for strategic decisions
    • Zajac, E.J., and Bazerman, M.H. Blind spots in industry and competitor analysis: Implications of interfirm (mis)perceptions for strategic decisions. Academy of Management Review, 16, 1 (1991), 37-56.
    • (1991) Academy of Management Review , vol.16 , Issue.1 , pp. 37-56
    • Zajac, E.J.1    Bazerman, M.H.2
  • 80
    • 22644451051 scopus 로고    scopus 로고
    • Anticipated regret, expected feedback, and behavioral decision making
    • Zeelenberg, M. Anticipated regret, expected feedback, and behavioral decision making. Journal of Behavioral Decision Making, 12, 2 (1999), 93-106.
    • (1999) Journal of Behavioral Decision Making , vol.12 , Issue.2 , pp. 93-106
    • Zeelenberg, M.1
  • 81
    • 0001855686 scopus 로고    scopus 로고
    • Consequences of regret aversion 2: Additional evidence for effects of feedback on decision making
    • Zeelenberg, M., and Beattie, J. Consequences of regret aversion 2: Additional evidence for effects of feedback on decision making. Organizational Behavior and Human Decision Processes, 72, 1 (1997), 63-78.
    • (1997) Organizational Behavior and Human Decision Processes , vol.72 , Issue.1 , pp. 63-78
    • Zeelenberg, M.1    Beattie, J.2
  • 82
    • 1842479836 scopus 로고    scopus 로고
    • Consequences of regret aversion in real life: The case of the Dutch postcode lottery
    • Zeelenberg, M., and Pieters, R. Consequences of regret aversion in real life: The case of the Dutch postcode lottery. Organizational Behavior and Human Decision Processes, 93, 2 (2004), 155-168.
    • (2004) Organizational Behavior and Human Decision Processes , vol.93 , Issue.2 , pp. 155-168
    • Zeelenberg, M.1    Pieters, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.