Social and Behavioral Sciences Commons^™

It’S Not About The Money: The Role Of Preferences, Cognitive Biases And Heuristics Among Professional Athletes, Michael Mccann

Law Faculty Scholarship

Professional athletes are often regarded as selfish, greedy, and out-of-touch with regular people. They hire agents who are vilified for negotiating employment contracts that occasionally yield compensation in excess of national gross domestic products. Professional athletes are thus commonly assumed to most value economic remuneration, rather than the love of the game or some other intangible, romanticized inclination.

Lending credibility to this intuition is the rational actor model, a law and economic precept which presupposes that when individuals are presented with a set of choices, they rationally weigh costs and benefits, and select the course of action that maximizes their …

Varied Definitions Of Risk Related To Sensation Seeking Trait, Pål Ø.U. Dåstol, Britt-Marie Drottz-Sjöberg

RISK: Health, Safety & Environment (1990-2002)

[Excerpt] "Risk judgments seem related to which definitions of risk a person uses. Earlier studies suggest that people who use a "probability" definition of risk give different, and somewhat lower, subjective estimates of risk than those who instead prefer a "consequence" definition. In addition, an "optimistic bias" often can be found, and subjects usually evaluate personal risk systematically lower than risk for people in general."

Reassessing Public Meetings As Participation In Risk Management Decisions, Katherine A. Mccomas, Clifford W. Scherer

RISK: Health, Safety & Environment (1990-2002)

Using a U.S. case study, Ms. McComas and Dr. Scherer discuss how reliance on public meetings as tools for risk communication in public policy decisions affects relationships between stakeholders and risk managers.