It goes without saying that senior managers with lots of experience tend to make better decisions than novices. Or does it? New research shows that managers make, and repeat, the same mistakes as novices – and often don’t learn as fast.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
References
Dan Ariely, Predictably Irrational: The Hidden Forces That Shape Our Decisions, HarperCollins, 2009.
Michael Becker-Peth, Elena Katok, Ulrich W. Thonemann, Designing Contracts for Irrational but Predictable Newsvendors, Working paper, University of Cologne, 2010.
Gary E. Bolton and Elena Katok, Learning by Doing in the Newsvendor Problem: A Laboratory Investigation of the Role of Experience and Feedback. Manufacturing and Service Operations Management, 10, 519-538, 2008.
Author information
Authors and Affiliations
Corresponding author
Additional information
An erratum to this article can be found at http://dx.doi.org/10.1007/s12146-011-0062-3
Rights and permissions
About this article
Cite this article
Bolton, G., Ockenfels, A. & Thonemann, U. Who Is the Best at Making Decisions?. ICR 9, 48–57 (2010). https://doi.org/10.1007/s12146-010-0054-8
Published:
Issue Date:
DOI: https://doi.org/10.1007/s12146-010-0054-8