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Document type:
Konferenzbeitrag 
Contribution type:
Vortrag / Präsentation 
Author(s):
Schiffels, S.; Fliedner, T.; Kolisch, R. 
Non-TUM Co-author(s):
nein 
Cooperation:
Title:
How Decision Makers Solve the Knapsack Problem: Insights from Experimental Studies 
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