The Impact of Individual Expertise and Public Information on Group Decision-Making.

• Superior document: FOM-Edition Research Series
• Author: Strunz, Ulrich G.
• Place / Publishing House: Wiesbaden : : Springer Fachmedien Wiesbaden GmbH,, 2021.; ©2021.
• Year of Publication: 2021
• Edition: 1st ed.
• Language: English
• Series: FOM-Edition Research Series
• Physical Description: 1 online resource (197 pages)

Table of Contents

• Intro
• Acknowledgments
• Contents
• Acronyms and Abbreviations
• List of Figures
• List of Tables
• 1 Introduction
• 2 Theoretical Background
• 2.1 Key Aspects for Real Economic Problem-Solving
• 2.1.1 Well-Defined Problems
• 2.1.2 Ill-Defined Problems
• 2.1.3 Definitions of Complexity
• 2.1.4 Ignoring Information
• 2.1.5 Uncertainty
• 2.2 The Role of Information in Decision-Making
• 2.2.1 Definitions of Information
• 2.2.2 Derivation of a Definition for Information
• 2.2.3 Information Perturbing Events in Behavioral Experiments
• 2.2.4 Making Decisions in a VUCA World
• 2.3 Expert Knowledge and Problem-Solving
• 2.3.1 Definition of Knowledge, Expertise and Expert Knowledge
• 2.3.2 Expert Knowledge as a Resource
• 2.3.3 The Role of Learning
• 2.4 Agents Acting as Disturbances
• 2.4.1 The Role of Feedback in Complex Problems Under Uncertainty
• 2.4.2 Novel Problems, Real-World Problems, and Non-routine Tasks
• 2.4.3 Problem Solving Search and Routine Strength
• 2.4.4 NPS: Adaptation, Beliefs, Response Times and Emotion
• 2.4.5 The Human Class: An Unbounded Set of Strategies
• 2.5 A Network of Interdependent Beliefs
• 2.5.1 From Game Theory to Behavioral Game Theory
• 2.5.2 Group Behavior
• 3 General Research Objectives
• 3.1 Summary of Key Findings
• 3.2 Model for Empirical Research
• 3.3 Experimental Framework for Research Objectives
• 4 Empirical Research Design
• 4.1 Development and Materials
• 4.1.1 Software Development Process
• 4.1.2 Legacy Version of Experiment
• 4.1.3 Problems with Legacy Experiment
• 4.1.4 Curiosity IO-Structure and Functionality
• 4.1.5 "Tower of Hanoi" Example Session
• 4.1.6 Example Session Data Output
• 4.1.7 Response Time and Input
• 4.1.8 States Derived from State-Space
• 4.1.9 Move States
• 4.1.10 Operator Output Function
• 4.1.11 State Output Function.
• 4.1.12 Logic and Expected States
• 4.2 Participants
• 4.3 Procedure
• 5 Specific Research Objectives
• 5.1 Derivation of Hypotheses
• 5.2 Hypotheses and Variables
• 6 Results
• 6.1 Testing For Nonparametric Distribution
• 6.2 Expertise Rank and Logic Proportion
• 6.3 Environmental Change and Human Error
• 6.4 Information Conditions and Logic Deviation
• 6.5 Complete Logic Proportions Over Information Conditions
• 6.6 Expected States and Logic Proportion
• 6.7 Expected States and Logic Marker Proportion
• 6.8 Complete Expected States Over Information Conditions
• 6.9 Routine Consistency
• 6.10 Fundamental Strategy and Group Performance
• 6.11 Group Expertise and Logic Proportions
• 6.12 Gender Effects
• 7 Discussion
• 7.1 Discussion of Experimental Results
• 7.2 Methodological Analysis
• 7.3 Limitation
• 7.4 Future Outlook
• 8 Conclusion
• Bibliography.