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Comment on "Is Risk Preferences Induction A Reliable Method of Controlling Risk Preferences ?
Oleh:
Wallin, David E.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Management Accounting Research vol. 5 (1993)
,
page 124-128.
Topik:
risk
;
risk preference
;
induction
;
risk preferences
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ36.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Issues regarding risk preferences, risk preferences measurement, and risk - preference manipulation pervade experimental and theoretical managerial accounting research. The area of risk - preference induction is one that receives much informal discussion, while deserving more formal investigation. Compound lotteries have been used in a number of studies (see Selto and Cooper [1990]). Yet, little exploration of the type undertaken here has been performed. Cooper and Selto [1993] ("the authors") should be commended for bringing this topic to the table once more. They have provided interesting insights into the use of compound lotteries to induce risk preferences. The majority of this discussion will center on two points : the effectiveness and efficiency of compound - lottery risk induction. With regard to efficiency, an alternative, simpler mechanism will be suggested that may match the performance of the authors' results. Some comments on general and specific smaller issues will be presented first. For the typical reasons, this analysis will center far more on the weaknesses of the paper rather than its strengths.
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