Respond

Issa

Theoretical Framework

  Kahneman and Tversky (1979) developed the prospect theory. Kahneman and Tversky used the theory to offer an explanation for investment leaders  based upon the premise that leaders are able to inspire followers to change strategic investment decision making processes strategies for increasing investment return and performance. Regret theory is a decision making  model wich  developed in (1982) by Loomes and Sugden. Regret theory models choice under uncertainty taking into account the effect of anticipated regret. Kahneman and Tversky identified the following key constructs underlying the theory (a)describing the way people investment leaders choose between probabilistic alternative that involve risk (b) probabilities of outcome of the decision making (c) the  monetary outcomes of decision making  (d) objective probabilities  of decision making. As applied to this study, the prospect theory  holds that I would expect the independent variables (strategic investment decision making processes strategies), independent variables (for  increasing investment return) measured by survey or questionnaires on  the strategic multicriteria decision-making process through the use of  the   quantitative analysis(QA) measurement  to predict investment performance which can be an effective strategic  investment decision making processes strategies for increasing investment return and performance.Likewise, if employees have a change in knowledge or capacity to perform, employees would exhibit a change in willingness to participate (Kahneman and Tversky ,2019) prospect theory ; and ( Loomes , Sugden,1982) regret theory both align with this study examining the  investment decision making processes strategies to assess the relationship between investment return and performance.

References

Kahneman, Daniel; Tversky, Amos (1979). “Prospect Theory: An Analysis of Decision under Risk” . Econometrica. 47 (2): 263–291.  doi:10.2307/191418

Loomes, G. and Sugden, R. (1982), “Regret theory: An alternative theory of rational choice under uncertainty”, Economic Journal, 92(4), 805–824.doi:10.2307/2232669

Chen

Limitations

Knowledge generated based on research findings should be widely disseminated and should not belongs to the personal property of stakeholders involved in the research (Fussy, 2018). The researcher must be aware of not being able to control factors and carefully consider the possibility of these factors affecting the results. The first obstacle that the participants are from the insurance industry, they may be involved in the confidentiality of the company and cannot provide accurate answers. The second limit that the participants may not have complete work experiences to answer all field of interview questions since Guam’s geographical restrictions. The third shortcoming may be not all of the selected participants will participate in the completion of the study.

Reference

Fussy, D. S. (2018). Research dissemination practices in Tanzania: Limitations and potentialities. International Journal of Educational Development, 62, 209–216. http://dx.doi.org/10.1016/j.ijedudev.2018.05.003

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