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Record W1623916541 · doi:10.5860/llm.v28i2.7055

Risk-taking in Academic Libraries: The Implications of Prospect Theory

2014· article· en· W1623916541 on OpenAlexaff
Tony Horava

Bibliographic record

VenueLibrary Leadership & Management · 2014
Typearticle
Languageen
FieldDecision Sciences
TopicDecision-Making and Behavioral Economics
Canadian institutionsUniversity of Ottawa
Fundersnot available
KeywordsCognitive reframingPaceProspect theoryPerspective (graphical)Context (archaeology)Dynamics (music)Value (mathematics)Academic communityEngineering ethicsPublic relationsManagement scienceBusinessPolitical scienceSociologyComputer scienceEconomicsEngineeringPsychologySocial scienceFinance

Abstract

fetched live from OpenAlex

Risk is a fundamental characteristic of the landscape of academic libraries, and has typically been seen in the context of strategic planning. However as the pace of technological change increases rapidly each year, and the financial and organizational pressure for demonstrating library value to our community grows apace, it is important to reassess our attitudes to risk. The future of our libraries is at play. Prospect Theory is an influential and ground-breaking model from the field of Economics that helps us to better understand how people make decisions under risk. Applying the basic principles of Prospect Theory to academic libraries can help us reframe our approach to risk assessment and to understand our actions from a different perspective. This paper describes the dynamics of risk in academic libraries and contextualizes these dynamics in relation to this model.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.010
metaresearch head score (Gemma)0.034
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.011
Threshold uncertainty score0.052

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0100.034
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0020.002
Science and technology studies0.0030.010
Scholarly communication0.0110.011
Open science0.0010.004
Research integrity0.0040.005
Insufficient payload (model declined to judge)0.0050.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.228
GPT teacher head0.373
Teacher spread0.145 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations5
Published2014
Admission routes1
Has abstractyes

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