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| Author: | Krueger, N. Dickson, P. |
| Title: | How believing in ourselves increases risk taking: perceived self-efficacy and opportunity recognition |
| Journal: | Decision Sciences
1994 : MAY/JUN, VOL. 25:3, p. 385-400 |
| Index terms: | UTILITY THEORY STRATEGY UNCERTAINTY |
| Language: | eng |
| Abstract: | What effect does positive and negative feedback about past risk taking have on the future risk taking of decision makers? The results of an experimental study show that subjects who are led to believe they are very competent at decision making see more opportunities in a risky choice and take fewer risks. The feelings of self-competence and self-confidence on one task did not generalize to a similar task. Perception of opportunities was unexpectedly not related to the perception of threats. |
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