Benutzer: Gast  Login
Titel:

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

Dokumenttyp:
Konferenzbeitrag
Art des Konferenzbeitrags:
Vortrag / Präsentation
Autor(en):
Schiffels, S.; Fliedner, T.; Kolisch, R.
Nicht-TUM Koautoren:
nein
Kooperation:
-
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
Kongress- / Buchtitel:
16. Workshop of the Graduate Program in Operations Management
Kongress / Zusatzinformationen:
Ingolstadt, Germany
Publikationsdatum:
25.07.2013
Jahr:
2013
Monat:
Jul
Key publication:
Nein
Peer reviewed:
Nein
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
 BibTeX