The Impact of Individual Expertise and Public Information on Group Decision-Making.
In this open-access-book the author concludes that expertise could be the key factor for global and interconnected problems. Experimental results have shown that expertise was a stronger predictor than public information regarding change in behavior and strategy adaption. Identifying non-routine pro...
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Superior document: | FOM-Edition Research |
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Place / Publishing House: | Wiesbaden : : Springer Fachmedien Wiesbaden GmbH,, 2021. ©2021. |
Year of Publication: | 2021 |
Language: | English |
Series: | FOM-Edition Research
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Physical Description: | 1 online resource (197 pages) |
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100 | 1 | |a Strunz, Ulrich G. | |
245 | 1 | 4 | |a The Impact of Individual Expertise and Public Information on Group Decision-Making. |
260 | |b Springer Nature |c 2021 | ||
264 | 1 | |a Wiesbaden : |b Springer Fachmedien Wiesbaden GmbH, |c 2021. | |
264 | 4 | |c ©2021. | |
300 | |a 1 online resource (197 pages) | ||
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337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a FOM-Edition Research | |
588 | |a Description based on publisher supplied metadata and other sources. | ||
505 | 0 | |a 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. | |
505 | 8 | |a 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. | |
520 | |a In this open-access-book the author concludes that expertise could be the key factor for global and interconnected problems. Experimental results have shown that expertise was a stronger predictor than public information regarding change in behavior and strategy adaption. Identifying non-routine problem-solving experts by efficient online assessments could lead to less volatile system performance, from which all decision-makers could potentially profit. | ||
546 | |a English | ||
650 | 7 | |a Management & management techniques |2 bicssc | |
650 | 7 | |a Operational research |2 bicssc | |
653 | |a Management | ||
653 | |a Operations Research/Decision Theory | ||
653 | |a Operations Research and Decision Theory | ||
653 | |a Uncertainty | ||
653 | |a Decision-making | ||
653 | |a Interpretation | ||
653 | |a Complexity | ||
653 | |a Information | ||
653 | |a Routine | ||
653 | |a Open Access | ||
653 | |a Management & management techniques | ||
653 | |a Operational research | ||
653 | |a Management decision making | ||
776 | |z 3-658-33138-0 | ||
830 | 0 | |a FOM-Edition Research | |
906 | |a BOOK | ||
ADM | |b 2023-11-11 06:57:37 Europe/Vienna |f system |c marc21 |a 2021-04-03 22:10:59 Europe/Vienna |g false | ||
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