| Are Resource Fluctuations Anticipated in Resource Allocation Tasks? |
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Are Resource Fluctuations Anticipated in Resource Allocation Tasks? |
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| Langholtz Harvey, Gettys Charles,Foote Bobbie. Are Resource Fluctuations Anticipated in Resource Allocation Tasks?[J]. Organizational behavior and human decision processes, 1995, 64(3): 274-282. DOI: 10.1006/obhd.1995.1105 |
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| Authors: | Langholtz Harvey Gettys Charles Foote Bobbie |
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| Affiliation: | 1. Research Center for Eco-environmental Engineering, Dongguan University of Technology, Dongguan, 523106, China;2. Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, No.11 Datun Street, Beijing, China;3. Center for Chinese Agricultural Policy, Chinese Academy of Sciences, No.11 Datun Street, Beijing, China;4. State Key Laboratory of Water Environment Simulation, School of Environment, Beijing Normal University, Beijing 100875, China;1. Aix-Marseille University (CRET-LOG), 413 Avenue Gaston Berger, 13625 Aix-en-Provence Cedex, France;2. Le Mans University (GAINS-ARGUMANS), Avenue Olivier Messiaen, 72085 Le Mans, France;3. ICD International Business School (LARA), 12 Rue Alexandre Parodi, 75010 Paris, France;1. Zhejiang Provincial Committee of the Communist Party of China, Hangzhou 310018, China;2. School of Finance, Zhejiang University of Finance and Economics, Hangzhou 310018, China;3. Collaborative Innovation Center for Wealth Management and Quantitative Investment, Zhejiang University of Finance and Economics, Hangzhou 310018, China |
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| Abstract: | Resource-allocation behavior has recently received increasing attention in the decision-theory literature partially because individuals and societies are facing hard decisions about the allocation of constrained resources. We observed in two previous studies that resource allocators do not plan for probable losses in loss situations, but instead react to losses after they occur. In this paper, we determine if a similar failure to anticipate changes in resources occurs in a gain situation. The data suggest that subjects do not allocate their resources in anticipation of probable gains or losses, thus considerably increasing the generality of our previous findings. |
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