User: Guest  Login
Title:

How Decision Makers Solve the Knapsack Problem: Insights from Experimental Studies

Document type:
Konferenzbeitrag
Contribution type:
Vortrag / Präsentation
Author(s):
Schiffels, S.; Fliedner, T.; Kolisch, R.
Non-TUM Co-author(s):
nein
Cooperation:
-
Abstract:
We address the question of how people behave in the context of Portfolio Decision Analysis problems. We set up an experimental study based on the knapsack problem to investigate human performance in project selection and to study the selection process. Our results demonstrate consistent sub optimization for all subjects under different treatments. Based on subjects’ final portfolio selection and portfolio development we identify decision heuristics which explain much of the observed behavior. Th...     »
Intellectual Contribution:
Discipline-based Research
Book / Congress title:
16. Workshop of the Graduate Program in Operations Management
Congress (additional information):
Ingolstadt, Germany
Date of publication:
25.07.2013
Year:
2013
Month:
Jul
Key publication:
Nein
Peer reviewed:
Nein
International:
Ja
Book review:
Nein
Commissioned:
not commissioned
Professional Journal:
Nein
 BibTeX