Managerial overreliance on AI-augmented decision-making processes: How the use of AI-based advisory systems shapes choice behavior in R&D investment decisions

2021 ◽  
Vol 171 ◽  
pp. 120970
Author(s):  
Christoph Keding ◽  
Philip Meissner
Keyword(s):  
Decision Making ◽  
Choice Behavior ◽  
Investment Decisions ◽  
Decision Making Processes ◽  
Advisory Systems ◽  
D Investment

scholarly journals Sustainable Investments in Responsible SMEs: That’s What’s Distinguish Government VCs from Private VCs

2021 ◽  
Vol 14 (1) ◽  
pp. 25
Author(s):  
Jeaneth Johansson ◽  
Malin Malmström ◽  
Joakim Wincent
Keyword(s):  
Decision Making ◽  
Investment Decisions ◽  
Societal Impact ◽  
Venture Capitalists ◽  
Decision Making Processes ◽  
Micro Level ◽  
Sustainable Investments ◽  
Private Venture ◽  
The Impact ◽  
Level Performance

Researchers question the impact of governmental venture capitalists (GVC) compared to private venture capitalists (PVC), but we know little about why this difference occurs and if this criticism is justified. We observed a group of GVCs and developed a new model that describes the way that GVCs process signals pre- and post-decisions. Certain macro level factors severely undermine micro level performance, causing GVCs to financially underperform with respect to PVCs. This helped us to understand that GVCs do not make investment decisions in the same way as PVCs, and what undermines the performance of GVCs’ decision-making processes. The main goals of GVCs are to promote investments in responsible SMEs, mobilizing societal impact. We discuss that the criticism of GVC needs to be more nuanced, as they have a different role than PVC in the financial system as providers of sustainable investments in responsible SMEs.

Role of personal values in investment decisions

2016 ◽  
Vol 39 (8) ◽  
pp. 940-964 ◽  
Author(s):  
Otuo Serebour Agyemang ◽  
Abraham Ansong
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Quantitative Methods ◽  
Investment Decision ◽  
Personal Values ◽  
Investment Decisions ◽  
Content Type ◽  
Investment Decision Making ◽  
Recent Emergence ◽  
Decision Making Processes

Purpose This paper aims to examine the role personal values play in investment decision-making processes among Ghanaian shareholders. Design/methodology/approach In consequence of the recent emergence of the issue of corporate governance practices in Ghana, and the kind of the research objective of this paper, a mix of qualitative and quantitative methods was used. These methods were used in two stages. The first stage was qualitative, which purposively selected 20 individual shareholders to solicit their perspectives on how personal values influence investment decisions. Their responses were used to construct the content of this enquiry. The second stage, which was quantitative, used stratified sampling technique to select 503 individual shareholders to confirm the responses obtained from stage one of the enquiry. Findings The findings of the study reveal that individual shareholders in Ghana hold value priorities and that honesty, a comfortable life and family security play a significant role in their lives and their investment decision-making processes, and the kind of companies they choose to invest in. Also, to Ghanaian individual shareholders, there is a clear distinction between a comfortable life and a prosperous life in the sense that they are not incentivized more by the latter but by the former in their investment decisions. Practical implications The results can inform corporate directors and managers what values are considered in investment decisions, and that it is not purely financial. With these results, they can be informed that while some financial values are important, it is just to live a comfortable life and not a prosperous life. This may influence these directors and managers to have a more long-run focus and to have more of a corporate social responsibility (CSR) focus by putting implementable measures in place to tackle corporate responsibility issues and to take up a responsibility for their CSR feat. Also, the results can be used for public policy in that if regulators find out that more CSR-type information is important to investors, they might require additional CSR-type disclosures in financial statements. Originality/value This paper contributes to the knowledge on the stakeholder perspective of corporate governance that individual shareholders’ personal values have influence on their investment decisions and the choice of companies they invest in.

Analyzing Manufacturer’s R&D Equilibrium in Defense Procurement

2011 ◽  
Vol 474-476 ◽  
pp. 1435-1439
Author(s):  
Sheng Li Chen ◽  
Xiao Dong Liu
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Investment Decision ◽  
Investment Decisions ◽  
Defense Procurement ◽  
Contest Theory ◽  
Investment Decision Making ◽  
Admission Criterion ◽  
The Government ◽  
D Investment

We formulate the model of R&D investment scale adjustment of defense procurement by applying game theory and contest theory and study the equilibrium of manufacturers’ R&D investment decision-making in defense procurement. We explore mainly the influence of valuation of monopolistic contract and differences among manufacturers’ abilities on investment. The conclusion shows that manufacturers’ investment equilibrium of R&D projects is what the government expects under certain conditions, however, manufacturers’ abilities effect on the investment equilibrium and makes it deviate from the government expectation. Therefore, the government must keep practically manufacturers’ anticipation about the monopolistic contact being consistent with government’s and set basic admission criterion to enable manufactures’ ability well-matched to induce the manufacturers’ investment decisions to the investment equilibrium that it desired.

Capturing the essence of decision making should not be oversimplified

2014 ◽  
Vol 37 (1) ◽  
pp. 85-85
Author(s):  
Ewa Joanna Godzińska ◽  
Andrzej Wróbel
Keyword(s):  
Decision Making ◽  
Choice Behavior ◽  
Social Influences ◽  
Causal Factors ◽  
Social Decision ◽  
Human Choice ◽  
Decision Making Processes ◽  
Social Decision Making

AbstractBentley et al. propose a thought-provoking approach to the question of causal factors underlying human choice behavior. Their map model is interesting, but too simplified to capture the essence of decision making. They disregard, among other matters, qualitative differences between various subcategories of social influences, and the role of neurobiological factors engaged in interdependent individual and social decision-making processes.

scholarly journals A Functional Contextualist Account of Behavioral Economics: Relational Frame Theory Applied to Decision-Making and Choice Behavior

2021 ◽  
Author(s):  
Marco Tagliabue ◽  
Massimo Cesareo ◽  
Valeria Squatrito ◽  
Giovambattista Presti
Keyword(s):  
Decision Making ◽  
Behavioral Economics ◽  
Relational Frame Theory ◽  
Choice Behavior ◽  
Behavioral Science ◽  
Frame Theory ◽  
Overt Behavior ◽  
Relational Frame ◽  
Decision Making Processes ◽  
Behavioral Perspective

  Behavioral economics is a discipline that is mainly rooted in cognitivism and that is concerned with the study of decision-making processes and choice behavior. These involve addressing the relations between cognition and overt behavior, which comprise one of the most challenging topics in the domain of behavioral sciences at large and have been approached by different epistemological viewpoints. Within the cognitivist tradition, private events have been often treated as causes of behaviors, adopting a mechanistic view. Conversely, a contextual functional behavioral perspective treats them with the same methodology that is adopted for overt behaviors. Relational frame theory, a post-Skinnerian theory of language and cognition, offers a behavioral perspective on cognition and overt behavior and how they influence human behavior, by keeping a high degree of coherence with basic principles and goals of behavior analysis (i.e., effective action). This conceptual paper represents an attempt to offer a perspective drawn from contextual behavioral science on some constructs described in behavioral economics. Furthermore, it provides a common ground for behavior analysts and researchers in other fields of psychology to further expand our knowledge and respective explanations of decision-making processes. Finally, it draws a line for connecting basic research to applied solutions.

Cognitive Processing of Miscommunication in Interactive Listening: An Evaluation of Listener Indecision and Cognitive Effort

2021 ◽  
pp. 1-17
Author(s):  
Jennifer M. Roche ◽  
Arkady Zgonnikov ◽  
Laura M. Morett
Keyword(s):  
Decision Making ◽  
Cognitive Processing ◽  
Language Processing ◽  
Cognitive Effort ◽  
Mouse Tracking ◽  
Computer Mouse ◽  
Decision Making Processes ◽  
Computer Mouse Tracking ◽  
Listening Task ◽  
Processing Effort

Purpose The purpose of the current study was to evaluate the social and cognitive underpinnings of miscommunication during an interactive listening task. Method An eye and computer mouse–tracking visual-world paradigm was used to investigate how a listener's cognitive effort (local and global) and decision-making processes were affected by a speaker's use of ambiguity that led to a miscommunication. Results Experiments 1 and 2 found that an environmental cue that made a miscommunication more or less salient impacted listener language processing effort (eye-tracking). Experiment 2 also indicated that listeners may develop different processing heuristics dependent upon the speaker's use of ambiguity that led to a miscommunication, exerting a significant impact on cognition and decision making. We also found that perspective-taking effort and decision-making complexity metrics (computer mouse tracking) predict language processing effort, indicating that instances of miscommunication produced cognitive consequences of indecision, thinking, and cognitive pull. Conclusion Together, these results indicate that listeners behave both reciprocally and adaptively when miscommunications occur, but the way they respond is largely dependent upon the type of ambiguity and how often it is produced by the speaker.

“It's Not Humanly Possible to Do Everything”: Perspectives on Intervention Decision-Making Processes of Parents of Children with Autism Spectrum Disorders

2015 ◽  
Vol 22 (1) ◽  
pp. 13-21 ◽  
Author(s):  
Erinn Finke ◽  
Kathryn Drager ◽  
Elizabeth C. Serpentine
Keyword(s):  
Decision Making ◽  
Individualized Education Program ◽  
Children With Autism ◽  
Autism Spectrum ◽  
Sources Of Information ◽  
Individual Decision ◽  
Decision Making Processes ◽  
Spectrum Disorders ◽  
Interview Methodology ◽  
Communication Interventions

Purpose The purpose of this investigation was to understand the decision-making processes used by parents of children with autism spectrum disorder (ASD) related to communication-based interventions. Method Qualitative interview methodology was used. Data were gathered through interviews. Each parent had a child with ASD who was at least four-years-old; lived with their child with ASD; had a child with ASD without functional speech for communication; and used at least two different communication interventions. Results Parents considered several sources of information for learning about interventions and provided various reasons to initiate and discontinue a communication intervention. Parents also discussed challenges introduced once opinions of the school individualized education program (IEP) team had to be considered. Conclusions Parents of children with ASD primarily use individual decision-making processes to select interventions. This discrepancy speaks to the need for parents and professionals to share a common “language” about interventions and the decision-making process.

Sign in / Sign up

Export Citation Format

Share Document