Decision making under pressure : a behavioural economics perspective

Savage, David A. (2013) Decision making under pressure : a behavioural economics perspective. PhD by Publication, Queensland University of Technology.


This research investigates the decision making process of individuals from revealed preferences in extreme environments or life-and-death situations, from a behavioral economics perspective. The empirical analysis of revealed behavioral preferences shows how the individual decision making process can deviate from the standard self-interested or “homo economicus” model in non-standard situations. The environments examined include: elite athletes in FIFA World and Euro Cups; climbing on Everest and the Himalaya; communication during 9/11 and risk seeking after the 2011 Brisbane floods. The results reveal that the interaction of culture and environment has a significant impact on the decision process, as social behaviors and institutions are intimately intertwined, which govern the processes of human behavior and interaction. Additionally, that risk attitudes are not set and that immediate environmental factors can induce a significant shift in an individuals risk seeking behaviors.

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219 since deposited on 10 Nov 2013
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ID Code: 64106
Item Type: QUT Thesis (PhD by Publication)
Supervisor: Torgler, Benno & Dulleck, Uwe
Additional Information: Recipient of 2013 Outstanding Doctoral Thesis Award.
Keywords: Behavioural Economics, Decision Making, Extreme Environments, Life and Death Events, Disasters, Natural & Quasi-Natural Experiment, 9/11, World & European Cup Football, Floods, Mount Everest, ODTA
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Institution: Queensland University of Technology
Deposited On: 10 Nov 2013 23:44
Last Modified: 07 Sep 2015 22:39

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