Research on Platform of Testing Reference Point Effect under Managerial Decision-making Simulation Environment

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Reference Point Effect under Managerial Decision-making Simulation Environment</title> <meta name="description" content="Research on Platform of Testing Reference Point Effect under Managerial Decision-making Simulation Environment"> <meta name="keywords" content="reference point effect, decision-making behavior, top manager, managerial decision-making simulation environment."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Research on Platform of Testing Reference Point Effect under Managerial Decision-making Simulation Environment"> <meta name="citation_author" content="Yang Jiang"> <meta name="citation_author" content="Zhuchao Yu"> <meta name="citation_author" content="Zhu Wang"> <meta name="citation_author" content="Xueying Hong"> <meta name="citation_publication_date" content="2012/08/22"> <meta name="citation_journal_title" content="International 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Point Effect under Managerial Decision-making Simulation Environment</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/search?q=Yang%20Jiang">Yang Jiang</a>, <a href="https://publications.waset.org/search?q=Zhuchao%20Yu"> Zhuchao Yu</a>, <a href="https://publications.waset.org/search?q=Zhu%20Wang"> Zhu Wang</a>, <a href="https://publications.waset.org/search?q=Xueying%20Hong"> Xueying Hong</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>Reference point effects of top managers exerts an influence on managerial decision-making behaviors. We introduces the main idea of developing the decision behavior testing system designed for top manager in team task circumstance. According to the theory of the reference point effect, study of testing experiments in the reference point effect is carried out. Under managerial decision-making simulation environment, a platform is designed for testing reference point effect. The system uses the outcome of the value of the reference point to report the characteristics of the decision behavior of top managers.</p> <iframe src="https://publications.waset.org/7873.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=reference%20point%20effect" title="reference point effect">reference point effect</a>, <a href="https://publications.waset.org/search?q=decision-making%20behavior" title=" decision-making behavior"> decision-making behavior</a>, <a href="https://publications.waset.org/search?q=top%0D%0Amanager" title=" top manager"> top manager</a>, <a href="https://publications.waset.org/search?q=managerial%20decision-making%20simulation%20environment." title=" managerial decision-making simulation environment."> managerial decision-making simulation environment.</a> </p> <p class="card-text"><strong>Digital Object Identifier (DOI):</strong> <a href="https://doi.org/10.5281/zenodo.1334584" target="_blank">doi.org/10.5281/zenodo.1334584</a> </p> <a href="https://publications.waset.org/7873/research-on-platform-of-testing-reference-point-effect-under-managerial-decision-making-simulation-environment" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/7873/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/7873/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/7873/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/7873/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/7873/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/7873/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/7873/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/7873/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/7873/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/7873/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/7873.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">1068</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] XU Jiang, LIU Li, LIU Ruihua. Framing Effect in Behavioral Decision Making (J). Huazhong Normal University Journal of Postgraduates, 2010 (02). <br>[2] Tversky A, Kahneman, D. Rational choice and the framing of decision (J). Journal of Business, 1986, (59): 251-278. <br>[3] Song Hui. Analysis of Expected Utility Theory and Prospect Theory (J). Journal of Xi-an University of Finance and Economics, 2008, (02). <br>[4] Zhu Jinhong. The Theory Development of Behavior Decision Making under Uncertainty (J). Journal of Kaili University, 2009(04) . <br>[5] Chen Wenfu, Li Huaizu. Reference Point Methods of Intuitive Decision Making (J). SYSTEMS ENGINEERING-THEORY & PRACTICE, 1999, 19(1): 51-55. <br>[6] Liang Zhe, Li Shu, Xu Jiehong. THE DEDUCTION OF A DECISION WEIGHT 陇脟: CONTROVERSIES, QUESTIONS, AND ANSWERS (J). Mathematics in Economics, 2007, (04). <br>[7] Li Zhanlei, Li Hongmei, Li Nan. The experiment of irrational behavior in individual decision-making (J). Journal of Hebei University of Engineering (Social Science Edition), 2007, (02). <br>[8] Wang Qiwen. Economic management computer basic course (M). Beijing: High Education Press, 1999.245-246. <br>[9] Xiao Xiaodong. Modern management model development and application (J). Modernization of Management, 2001(5): 50-52. <br>[10] Chiaki Iwai. DEVELOPMENT OF MBABEST21麓鈺澝瓵 CASE-BASED MANAGEMENT GAME (J). <br>[11] Wang Ping; Behavior under uncertainty decision Interpretation -- on prospect theory model research and development (J); Management Observer; 2008(7). <br>[12] Kahneman D, Tversky A. Prospect theory: An analysis of decision under risk. Econometrica, 1979, 47: 263~297. <br>[13] Kahneman D, Tversky A. Advances in Prospect Theory: Cumulative Representation of Uncertainty (J). Journal of Risk and Uncertainty, 1992(5): 297- 324. <br>[14] Shafire. Decision Making (M) WILSONRA, KEILFC. The M I T Encyclopedia of the Cognitive Sciences .Massachusetts: The M I T Press, 2001: 220-223. <br>[15] Quiggin J. A theory of anticipated utility. Journal of Economic Behavior and Organization, 1982, 3: 323~ 343. <br>[16] Machina MJ. Expected utility analysis without the independence axiom. Econometrica, 1982, 50: 277~ 323. <br>[17] Tversky A, Kahneman D. The framing of decisions and the psychology of choice. Science, 1981, 211: 453~ 458. <br>[18] Mitsuru Morita, Masahiro Horiuchi, Chiaki Iwai, Masatsugu Oshima, Zhuchao Yu. An Experiment on Group Decision-Making Using A Business Game: An International Comparison of MBA Students In Japan, China, And Russia (C), The Association for Business Simulation and Experiential Learning (ABSEL2010), Vol. 32: 141-150, USA, Little Rock, 24-26 March 2010. <br>[19] Glimcher P W, Dorris M C, Bayer H M. Physiological utility theory and the neuroeconomics of choice. 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Research on Platform of Testing Reference Point Effect under Managerial Decision-making Simulation Environment