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Managerial Decision Making in Censored Environments: Biased Judgment of Demand, Risk, and Employee CapabilityFeiler, Daniel C. January 2012 (has links)
<p>Individuals have the tendency to believe that they have complete information when making decisions. In many contexts this propensity allows for swift, efficient, and generally effective decision making. However, individuals cannot always see a representative picture of the world in which they operate. This paper examines judgment in censored environments where a constraint, the censorship point, systematically distorts the sample observed by a decision maker. Random instances beyond the censorship point are observed at the censorship point, while instances below the censorship point are observed at their true value. Many important managerial decisions occur in censored environments, such as inventory, risk-taking, and employee evaluation decisions. This empirical work demonstrates a censorship bias - individuals tend to rely too heavily on the observed censored sample, biasing their beliefs about the underlying population. Further, the censorship bias is exacerbated for higher rates of censorship, higher variance in the population, and higher variability in the censorship points. Evidence from four studies demonstrates how the censorship bias can cause managers to underestimate demand for their goods, over-estimate risk in their environments, and underappreciate the capabilities of their employees, which can lead to undesirable outcomes for organizations.</p> / Dissertation
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[en] ASSESSMENT OF THE IMPACTS OF BEHAVIORAL AND ORGANIZATIONAL FACTORS ON SUSTAINABLE PUBLIC PROCUREMENT DECISIONS IN THE BRAZILIAN PUBLIC SECTOR / [pt] AVALIAÇÃO DOS IMPACTOS DOS FATORES COMPORTAMENTAIS E ORGANIZACIONAIS NAS DECISÕES DE COMPRAS PÚBLICAS SUSTENTÁVEIS DO SETOR PÚBLICO BRASILEIRORENATO CADER DA SILVA 22 March 2022 (has links)
[pt] O presente estudo tem como objetivo avaliar os impactos dos fatores
comportamentais e organizacionais sobre as decisões relacionadas à inserção de
critérios de sustentabilidade nas compras públicas do setor público brasileiro. Com
base nas lentes teóricas da estratégia comportamental e das compras públicas
sustentáveis, foram relacionados dados do levantamento (Survey) e das pesquisas
bibliográfica e documental. Assim, foram identificadas as variáveis extraídas da
literatura e selecionadas, por meio da Análise Fatorial Exploratória. Em seguida,
foram utilizadas Análise de Cluster e as técnicas MANOVA e ANOVA, o que
permitiu constatar que os órgãos do Poder Executivo tendem a considerar o
Controle como fator organizacional menos importante e a Capacitação como o mais
importante em relação aos outros fatores da categoria – comportamento observado
na maioria dos órgãos estaduais e municipais. Por outro lado, percebeu-se que há
uma tendência nas instituições federais de considerarem o Controle como o fator
organizacional que mais impacta as decisões sobre inclusão de critérios de
sustentabilidade nas contratações públicas, enquanto, para este grupo, as variáveis
Custo, Capacitação e Normas são as que menos impactam. No que diz respeito aos
fatores comportamentais, nota-se uma maior tendência das instituições do
Executivo e de grande parte das instituições estaduais e municipais em
considerarem as variáveis Viés Disponibilidade, Comportamento Tendencioso e
Viés Status Quo como mais impactantes nas decisões de sustentabilidade nas
contratações públicas em comparação com as instituições do Judiciário, dos
Ministérios Públicos e das Cortes de Contas. Por fim, pôde-se observar ainda que
as instituições do Executivo e de grande parte das instituições estaduais e
municipais tendem a enfatizar mais os fatores organizacionais e comportamentais
que as instituições de outros poderes e de outros entes federativos. / [en] The present study aims to evaluate the impacts of behavioral and
organizational factors on decisions related to the inclusion of sustainability criteria
in public procurement in the Brazilian public sector. Based on the theoretical lens
of behavioral strategy and sustainable public procurement, data from the survey
(Survey) and bibliographic and documentary research were related. Thus, the
variables extracted from the literature and selected through Exploratory Factor
Analysis were identified. Then, Cluster Analysis and the MANOVA and ANOVA
techniques were used, which made it possible to verify that the Executive Power
bodies tend to consider Control as the least important organizational factor and
Training as the most important in relation to the other factors of the category -
behavior observed in most state and municipal agencies. On the other hand, it was
noticed that there is a tendency in federal institutions to consider Control as the
organizational factor that most impacts decisions on the inclusion of sustainability
criteria in public procurement, while, for this group, the variables Cost, Training
and Standards are the ones with the least impact. With regard to behavioral factors,
there is a greater tendency of Executive institutions and a large part of state and
municipal institutions to consider the variables Availability Bias, Biased Behavior
and Status Quo Bias as the most impacting on sustainability decisions in public
procurement compared to the institutions of the Judiciary, Public Prosecutors
Offices and Courts of Accounts. Finally, it was also possible to observe that the
institutions of the Executive and most of the state and municipal institutions tend to
emphasize organizational and behavioral factors more than the institutions of other
powers and other federative entities.
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Biases and Heuristics in Portfolio Management – Determinants for non-optimal Portfolio DiversificationFiliz, Ibrahim 23 January 2019 (has links)
No description available.
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