Modeling managerial behavior: misperceptions of feedback in a dynamic decision making experiment

Article Abstract:

The development of macrodynamics from microstructure in a managerial framework is examined. The experiment involved managing a simulated inventory distribution system containing time delays, feedbacks, nonlinearities, and multiple actors. The results indicate that subjects decision processes follow an anchoring and adjustment heuristic for stock management.

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Discount rates inferred from decisions: an experimental study

Article Abstract:

Four hypotheses of discount rate behavior are examined using an intertemporal choice experiment with a 4X4X4 factorial design which manipulates the scenario, time delay, and cash flow. The results support an implicit risk hypothesis and reject the classical hypothesis that discount rates are uniform across time delays, scenarios, and sums of cash flow.

Risk management, Discount rates

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