Misperceptions of Feedback in a Dynamic Decision Making Experiment
Explore this paper's citation graph
Summary
An experiment on the generation of macrodynamics from microstructure in a common managerial context and subjects are shown to be insensitive to the feedbacks from their decisions to the environment, implications for behavioral theories of aggregate social and economic dynamics are explored.
- Type
- article
- Published
- 1989-03-01
- Cited by
- 2,712
- References
- 51
- Access
- Open access
- OpenAlex
- https://openalex.org/W1991642024
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:58466393
Keywords
Generality, Aggregate (composite), Aggregate behavior, Rationality, Bounded rationality
References
- Averaging Rules and Adjustment Processes: The Role of Averaging in Inference.
- One hundred years of land values in Chicago
- Models of Bounded Rationality: Empirically Grounded Economic Reason
- Behavioral versus Rational Economics: What You See Is What You Conquer: Comments
- Expectation formation in behavioral simulation models
- Tax Policy and Investment Behavior
- Rational Decision Making in Business Organizations
- Theoretical Assumptions and Nonobserved Facts
- Preference Reversals: A Broader Perspective
- General conditions for the success of bootstrapping models
- Misperceptions of feedback in dynamic decision making
- On the behavioral and rational foundations of economic dynamics
- A System Pathology of an Organization: The Rise and Fall of the Old Saturday Evening Post.
- Comments: Behavioral Versus Rational Economics: What You See is What You Conquer
- Psychological Structure and Social Structure in Economic Models
- An Anchoring and Adjustment Model of Spousal Predictions
- A Behavioral Theory of the Firm
- A behavioral model of the economic long wave
- A case study of graduate admissions: Application of three principles of human decision making.
- Laboratory Experiments in Economics: The Implications of Posted-Price Institutions
Cited by
- El proceso de toma de decisiones en entornos complejos: una aplicación metodológica
- Leadership Strategies and Initiatives for Combating Medicaid Fraud and Abuse
- Effective food supply chains; generating, modelling and evaluating supply chain scenarios
- The Industrial / Societal Bullwhip Effects and Supply Chain Performance
- EL EFECTO LÁTIGO (BULLWHIP) Y LA ACTUACIÓN DE LOS AGENTES INDEPENDIENTES EN LAS CADENAS DE SUMINISTRO
- Evaluation of production control strategies for the co-ordination of work-authorisations and inventory management in lean supply chains
- mEcanismo para la coopEración En crisis dE ElEctricidad y otros dilEmas socialEs dE rEcurso dE gran Escala
- Performance Measures for Managerial Decision Making: Performance Measurement Synergies in Multi-Attribute Performance Measurement Systems
- The worst failure: repeated failure to learn
- Analysis of manufacturing supply chains using system dynamics and multi-objective optimization
- Decision-making for climate change adaptation: a systems thinking approach
- The Industrial Dynamics of Order Rationing, Shortage Gaming, and Retail Promotions Demand Shock: A Discrete Event Simulation Experiment
- Future power markets
- Quantifying the Bullwhip Effect in a Supply Chain Considering Seasonal Demand
- Simulation et gestion de la chaîne logistique globale dans l'incertain : Application à une filière agro-alimentaire face à la crise sanitaire
- Strategic development of service orientated architecture in supply chain networks
- The Amoebic Growth of Project Costs
- ANALYSIS OF THE INFORMATION FLOW AT ABB CORPORATE RESEARCH
- Unanticipated Side Effects of Successful Quality Programs: Technical Documentation
- RESEARCH THROUGH ONLINE SIMULATION OF TEAM COORDINATION, COMMUNICATION, AND INFORMATION SHARING
Related papers
- Influence Analysis of Anchoring Defects on Bolt Pull-out Load
- Variations on anchoring: Sequential anchoring revisited
- Variations on anchoring
- Anchoring eccentricity features and rectifying devices for resin grouted bolt/cable bolt
- Effective Anchoring Energy of Nematic Liquid Crystals on Stripe Anchoring Patterns
- Common Anchoring Methods of Foundation Bolt for Hydraulic Press
- Study the influence of anchoring parameters on asteroid drilling anchoring with discrete element simulation
- Is there a well-founded solution to the generality problem?
- Inferring Cognitive Heterogeneity from Aggregate Choices