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Title:

Behavioral Aspects of Project Portfolio Selection – why people choose projects poorly

Document type:
Konferenzbeitrag
Contribution type:
Vortrag / Präsentation
Author(s):
Fliedner, T.; Schiffels, S.; 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:
26th European Conference on Operational Research
Congress (additional information):
Rome, Italy
Congress city:
Rome
Date of publication:
02.07.2013
Year:
2013
Month:
Jul
Key publication:
Nein
Peer reviewed:
Nein
International:
Ja
Book review:
Nein
Commissioned:
not commissioned
Professional Journal:
Nein
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