The effect of a decision aid on risk aversion in capital investment decisions

Govind Iyer; Deborah McBride; Philip Reckers

doi:10.1016/j.adiac.2012.02.007

The effect of a decision aid on risk aversion in capital investment decisions

Govind Iyer, Deborah McBride, Philip Reckers

Accountancy, School of

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

In this study we examine whether a decision aid is an effective means of reducing risk aversion within a capital investment decision context, and under what conditions. Participating in the experiment were 78 working adults (mid management) with a mean age 30 and enrolled in a leading U.S. MBA program. We predict and find that a decision aid will be most effective among individuals intolerance of ambiguity and exhibiting high negative affect.

Original language	English (US)
Pages (from-to)	64-74
Number of pages	11
Journal	Advances in Accounting
Volume	28
Issue number	1
DOIs	https://doi.org/10.1016/j.adiac.2012.02.007
State	Published - Jun 1 2012

Keywords

Affect
Ambiguity aversion
Capital investments
Decision aids

ASJC Scopus subject areas

Accounting
Finance

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10.1016/j.adiac.2012.02.007

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AB - In this study we examine whether a decision aid is an effective means of reducing risk aversion within a capital investment decision context, and under what conditions. Participating in the experiment were 78 working adults (mid management) with a mean age 30 and enrolled in a leading U.S. MBA program. We predict and find that a decision aid will be most effective among individuals intolerance of ambiguity and exhibiting high negative affect.

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The effect of a decision aid on risk aversion in capital investment decisions

Abstract

Keywords

ASJC Scopus subject areas

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