Figure 3
A conceptual framework diagram illustrating a three-stage decision-making process for WMC Wood Multi-Storey Construction project funding. It organizes factors into Investment criteria, Framing effect, and Outcome, highlighting the interplay between Organization-specific factors, Project-specific factors, and individual psychological tendencies like Risk Aversion and Risk Seeking.

Summary of financiers’ decision-making, investment criteria, and perception-based risk assessment in the case of residential wooden multistory construction (WMC).

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