Decision Theory: Individual Biases and Their Effect on Forecasting in an Organization.
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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There has been a great deal written about how individual cognitive biases effect decision making. However, there is little empirical evidence to show how such heuristic patterns affect decision making within organizations. This thesis reviews the literature concerning heuristics and behavioral decision theory and then examines budgetary forecasting decisions within two large organizations to see if these biases can be observed in forecasts produced within organizations. Author
- Administration and Management
- Numerical Mathematics