Managerial Decision-Making in Non-Market Environments: A Survey Experiment
Name
Managerial Decision-Making 4246-02.pdf
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333.49 KB
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Adobe PDF
Checksum (MD5)
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Author(s)
De Figueiredo, John M.
De Figueiredo, Rui J. P. Jr.
Date Issued
June 7, 2002
Series/Report no.
MIT Sloan School of Management Working Paper;4246-02
Abstract
In this paper we consider a number of experiments to determine whether aspiring
managers can solve non-market strategy problems. Conducting a survey of nearly 300
MBA students, we show that with simple, single-stage problems, managers are very
competent in reaching the optimal choice given their non-market environment. As
problems become more complex, however, they have much greater difficulty in
arriving at the optimal result. In this regard, analysts must use some caution when
evaluating empirical results and applying theoretical results.
Subjects
Survey Experiment
Decision-Making
Managers
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