Tolerância ao Risco de Gestores: Análise na Tomada de Decisões nos Campos Pessoal e Organizacional
DOI:
https://doi.org/10.22478/ufpb.2318-1001.2021v9n1.49966Abstract
ABSTRACT
Objective: Analyze whether the decision field (personal or organizational) influences the risk tolerance of managers.
Background: The study is conducted in light of Prospect Theory (Kahneman & Tversky, 1979).
Method: A field experiment was conducted with 236 managers of organizations who answered a questionnaire with risk decisions, from which they should choose one of the two alternatives presented. The treatment performed in the variable of interest (decision field) occurred by changing the situations presented to the managers of each group, keeping the amount and probability of occurrence of gains and losses of each situation.
Results: The results indicated that making decisions in the organizational field influences the risk tolerance of the decision maker. From a earnings perspective, in some cases managers subjected to organizational decisions were less risk tolerant than those subjected to personal decisions. From the perspective of losses, managers who made decisions in the organizational field were more risk tolerant compared to those who made decisions in the personal field.
Contributions: The findings increase the knowledge about risk tolerance, since they present the decision field as a factor that influences the behavior of managers in decision making. The study contributes to the literature on risk tolerance and its changes from the comparative approach of the field in which decisions are made - personal and organizational.
Keywords: Decision field. Prospect Theory. Risk tolerance. Personal and organizational decisions.
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