IDEAS home Printed from https://ideas.repec.org/a/pdc/jrpieb/v6y2010i3p98-102.html
   My bibliography  Save this article

Group Preparedness For Risk In The Environment Of Social Instability

Author

Listed:
  • NATALYA MIHEYEVA

    (Faculty social psychology Daugavpils University, Latvia)

Abstract

The author analyzes theoretical sources with the view of operationalization and systemization of the notions of risk as well as the notions that are connected to it. This article provides a detailed overview of the definition of risk and its components; it also identifies external and internal sources of uncertainty as one of the main components of risk situation. This article is seen as an attempt to analyze a risky situation and recognize whether the phenomenon of risk is the factor of organizational behaviour. And still there are relevant though unsolved theoretical and practical issues concerning the problem of individual psychological disposition to risk in connection with individual personal peculiarities and social conditions.

Suggested Citation

  • Natalya Miheyeva, 2010. "Group Preparedness For Risk In The Environment Of Social Instability," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 6(3), pages 98-102, October.
    • Handle: RePEc:pdc:jrpieb:v:6:y:2010:i:3:p:98-102
    as

    Download full text from publisher

    File URL: http://academicpublishingplatforms.com/downloads/pdfs/pieb/volume6/201103170123_28_PIEB_V6_LATVIA_NataliyaMiheyeva_d_ac.pdf
    Download Restriction: no
    File URL: http://academicpublishingplatforms.com/article.php?journal=PIEB&number=6&article=194
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    2. Rottenstreich, Yuval & Kivetz, Ran, 2006. "On decision making without likelihood judgment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 101(1), pages 74-88, September.
    3. Irma Bogenrieder & Bart Nooteboom, 2004. "The Emergence of Learning Communities: A Theoretical Analysis," Palgrave Macmillan Books, in: Haridimos Tsoukas & Nikolaos Mylonopoulos (ed.), Organizations as Knowledge Systems, chapter 2, pages 46-66, Palgrave Macmillan.
    4. Herbert A. Simon, 1993. "Strategy and organizational evolution," Strategic Management Journal, Wiley Blackwell, vol. 14(S2), pages 131-142, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mihejeva, Natalja, 2010. "Group preparedness for risk in the environment of social instability," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 6(3), pages 1-5, October.
    2. A. Peter McGraw & Eldar Shafir & Alexander Todorov, 2010. "Valuing Money and Things: Why a $20 Item Can Be Worth More and Less Than $20," Management Science, INFORMS, vol. 56(5), pages 816-830, May.
    3. repec:cup:judgdm:v:4:y:2009:i:7:p:518-529 is not listed on IDEAS
    4. Adrian R. Camilleri & Ben R. Newell, 2009. "The role of representation in experience-based choice," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 4(7), pages 518-529, December.
    5. Andras Molnar & Alex Moore & Carman Fowler & George Wu, 2023. "Seen and not seen: How people judge ambiguous behavior during the COVID-19 pandemic," Journal of Risk and Uncertainty, Springer, vol. 66(2), pages 141-159, April.
    6. Danny Zhao‐Xiang Huang, 2022. "Environmental, social and governance factors and assessing firm value: valuation, signalling and stakeholder perspectives," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(S1), pages 1983-2010, April.
    7. Oliver Linton & Esfandiar Maasoumi & Yoon-Jae Wang, 2002. "Consistent testing for stochastic dominance: a subsampling approach," CeMMAP working papers 03/02, Institute for Fiscal Studies.
    8. Heiko Karle & Georg Kirchsteiger & Martin Peitz, 2015. "Loss Aversion and Consumption Choice: Theory and Experimental Evidence," American Economic Journal: Microeconomics, American Economic Association, vol. 7(2), pages 101-120, May.
    9. Shoji, Isao & Kanehiro, Sumei, 2016. "Disposition effect as a behavioral trading activity elicited by investors' different risk preferences," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 104-112.
    10. Muhammad Kashif & Thomas Leirvik, 2022. "The MAX Effect in an Oil Exporting Country: The Case of Norway," JRFM, MDPI, vol. 15(4), pages 1-16, March.
    11. Boone, Jan & Sadrieh, Abdolkarim & van Ours, Jan C., 2009. "Experiments on unemployment benefit sanctions and job search behavior," European Economic Review, Elsevier, vol. 53(8), pages 937-951, November.
    12. Jos'e Cl'audio do Nascimento, 2019. "Behavioral Biases and Nonadditive Dynamics in Risk Taking: An Experimental Investigation," Papers 1908.01709, arXiv.org, revised Apr 2023.
    13. Martín Egozcue & Sébastien Massoni & Wing-Keung Wong & RiÄ ardas Zitikis, 2012. "Integration-segregation decisions under general value functions: "Create your own bundle — choose 1, 2, or all 3!"," Documents de travail du Centre d'Economie de la Sorbonne 12057, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    14. Howard Kunreuther & Erwann Michel-Kerjan, 2015. "Demand for fixed-price multi-year contracts: Experimental evidence from insurance decisions," Journal of Risk and Uncertainty, Springer, vol. 51(2), pages 171-194, October.
    15. Francesco GUALA, 2017. "Preferences: Neither Behavioural nor Mental," Departmental Working Papers 2017-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    16. Shi, Yun & Cui, Xiangyu & Zhou, Xunyu, 2020. "Beta and Coskewness Pricing: Perspective from Probability Weighting," SocArXiv 5rqhv, Center for Open Science.
    17. Bin Zou, 2017. "Optimal Investment In Hedge Funds Under Loss Aversion," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-32, May.
    18. Alex Stomper & Marie-Louise Vierø, 2015. "Iterated Expectations Under Rank-dependent Expected Utility And Model Consistency," Working Paper 1228, Economics Department, Queen's University.
    19. Liu, Zhiqiang & Yan, Miao & Fan, Youqing & Chen, Liling, 2021. "Ascribed or achieved? The role of birth order on innovative behaviour in the workplace," Journal of Business Research, Elsevier, vol. 134(C), pages 480-492.
    20. Kazi Iqbal & Asad Islam & John List & Vy Nguyen, 2021. "Myopic Loss Aversion and Investment Decisions: From the Laboratory to the Field," Framed Field Experiments 000730, The Field Experiments Website.
    21. Filiz-Ozbay, Emel & Guryan, Jonathan & Hyndman, Kyle & Kearney, Melissa & Ozbay, Erkut Y., 2015. "Do lottery payments induce savings behavior? Evidence from the lab," Journal of Public Economics, Elsevier, vol. 126(C), pages 1-24.

    More about this item

    Keywords

    Risk; preparedness for risk; social instability; group; decision making.;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pdc:jrpieb:v:6:y:2010:i:3:p:98-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jaroslav Holecek (email available below). General contact details of provider: https://edirc.repec.org/data/pradecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.