Civil engineers' managerial roles and needs: report of survey |
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| Authors: | John Raftery Josephine Csete Sammy K.-F. Hui |
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| Affiliation: | 1. World Investor , University of Bradford , Tower House, Fairfax Street, Bristol , BS1 3BNFormerly Research Fellow in Technological Management;2. Senior Manager , International Business Development , Costain Group plc (Chairman, Engineering Management Group Board, ICE, 1982–1984).;3. Project Management Consultant. Honorary Professor of Technological Management , University of Bradford , Senior Research Fellow, Project Management Group, UMIST |
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| Abstract: | Attitudes to the monetary risks associated with business decisions are thought to vary in response to at least three identifiable stimuli: the amount of money involved, background economic conditions and the framing of the decision. This paper reports a study of peoples' attitude to risk before and after a real turning point in the real business cycle. This work sheds light on the extent to which (i) risk attitudes remain robust when economic conditions change, (ii) risk attitude is influenced by whether the choice problem is concerned with losses or with gains, and (iii) risk attitude may be subordinated to some other dominating objective. |
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| Keywords: | Risk Attitude Business Cycles |
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