Assignment:
Part 1
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 modelwich 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.
Loomes, G. and Sugden, R. (1982), "Regret theory: An alternative theory of rational choice under uncertainty", Economic Journal, 92(4), 805-824.
Part 2
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.