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

Strunz, Ulrich G.

doi:10.1007/978-3-658-33139-9

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https://library.oapen.org/bitstream/20.500.12657/48272/1/9783658331399.pdf
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https://library.oapen.org/bitstream/20.500.12657/48272/1/9783658331399.pdf
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https://library.oapen.org/bitstream/20.500.12657/48272/1/9783658331399.pdf
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https://library.oapen.org/bitstream/20.500.12657/48272/1/9783658331399.pdf

Author(s)

Strunz, Ulrich G.

Language

English

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Abstract

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.

URI

https://directory.doabooks.org/handle/20.500.12854/67934

Keywords

Management; Operations Research/Decision Theory; Operations Research and Decision Theory; Uncertainty; Decision-making; Interpretation; Complexity; Information; Routine; Open Access; Management & management techniques; Operational research; Management decision making; thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques; thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research