scholarly journals Do we need a second engine for Entrepreneurship? How well defined is intrapreneurship to handle challenges during COVID-19?

2021 ◽  
Vol 120 ◽  
pp. 02022
Author(s):  
Mehmet Kiziloglu ◽  
Samrat Ray
Keyword(s):  
Decision Making ◽  
Field Experiments ◽  
Cognitive Biases ◽  
National Level ◽  
Subsequent Development ◽  
Extensive Literature ◽  
Human Beings ◽  
Economics Of Scale ◽  
Economic Decision Making ◽  
Innovative Thinking

Changing domains of economic mobility has brought in perspectives of innovation which are quite different from the earlier traditions in the so-called readings of Schumpeterian ways of innovative thinking. The new pandemic has taught us lessons that multidisciplinary innovation is not constrained to some mystical black box of innovation but should be elastic and accessible based on necessity and choices. Human beings are not always rational. Cognitive biases and nudges arising out of crisis globally has shown behavioral functionalities which changes the way human beings react and succumb to decision-making. This particular paper is based on extensive literature reviews and global cases arising out of extregencies and the subsequent development of field experiments which study the effects of various factors on innovation within the company. The filed experiments conducted were at national level in cooperation with national chamber of commerce wherein both intrinsic and extrinsic values of economics of scale was studied statistically using advanced techniques to not only analyze the results but infer on earlier research gaps in factors influencing the innovation blackbox of intrapreneurship which takes into account the psychology of economic decision making inside the corporate bandwagon. The rational choice behind measuring intrapreneurship in this study is impactful for learning the trends of human actions and behavior in a firm, which can be a yardstick for future academicians and policymakers to implement directly for aggravating the incubation indices.

What Is It Like to Be a Citizen?

In Our Name ◽  
2012 ◽  
Author(s):  
Eric Beerbohm
Keyword(s):  
Decision Making ◽  
Cognitive Biases ◽  
Decision Makers ◽  
Extensive Literature ◽  
Ethics Of Belief ◽  
Moral Obligations

This chapter defends a theory of citizenship that recognizes our need to make online decisions under electoral pressures, given our foibles as decision makers. Drawing upon the extensive literature on decision and judgment, it examines how fragile citizens are when it comes to decision making. The usual heuristics offered by political scientists suggest that citizens rely on informational shortcuts that are morally irresponsible. If we reconceive the role of the voter in explicitly moral terms, this approach is unsatisfactory in addressing the cognitive biases and defects of citizens. The chapter also considers the notion of cognitive partisanship and argues that it is unavoidable for decision makers to rely on heuristics when they reason about complex decisions. It concludes by emphasizing the task for a democratic ethics of belief: to provide citizens with heuristics that reduce the cognitive burden while respecting the moral obligations to attach to coercive, term-shaping decision making.

Social Network, Information Flow and Decision-Making Efficiency

2011 ◽  
pp. 164-177 ◽  
Author(s):  
Cédric Sueur
Keyword(s):  
Decision Making ◽  
Social Network ◽  
Animal Species ◽  
Field Experiments ◽  
Traditional Approach ◽  
Human Beings ◽  
Network Information ◽  
Collective Decisions ◽  
Group Members ◽  
Decision Speed

Every day, millions of humans make decisions about issues of interest for the group they represent. Equivalent processes have already been well described for animal societies. Many animal species live in groups and have to take collective decisions to synchronize their activities. However, group members not only have to take decisions satisfying the majority of individuals (i.e. decision accuracy) but also have a relatively short period to do so (i.e. decision speed). In decision-making, speed and accuracy are often opposed. The decision efficiency will vary according to the way individuals are inter-connected, namely according to the social network. However, the traditional approach used in management and decision sciences has been revealed to be insufficient to fully explain decision-making efficiency. This chapter addresses the question of how social network may enhance collective decision-making by increasing both the accuracy and the speed of decisions. Studies within different animal species are discussed. These studies include human beings, and combine field experiments, social network analysis, and modelling to illustrate how the study of animals may contribute to our understanding of decision-making in humans.

scholarly journals Conducting large, repeated, multi-game economic experiments using mobile platforms

PLoS ONE ◽  
2021 ◽  
Vol 16 (4) ◽  
pp. e0250668
Author(s):  
Zhi Li ◽  
Po-Hsuan Lin ◽  
Si-Yuan Kong ◽  
Dongwu Wang ◽  
John Duffy
Keyword(s):  
Decision Making ◽  
Experimental Economics ◽  
Small Groups ◽  
Laboratory Experiments ◽  
Field Experiments ◽  
Live Streaming ◽  
Proof Of Concept ◽  
Mobile Platforms ◽  
Economic Decision Making ◽  
Specific Order

We demonstrate the possibility of conducting synchronous, repeated, multi-game economic decision-making experiments with hundreds of subjects in-person or remotely with live streaming using entirely mobile platforms. Our experiment provides important proof-of-concept that such experiments are not only possible, but yield recognizable results as well as new insights, blurring the line between laboratory and field experiments. Specifically, our findings from 8 different experimental economics games and tasks replicate existing results from traditional laboratory experiments despite the fact that subjects play those games/task in a specific order and regardless of whether the experiment was conducted in person or remotely. We further leverage our large subject population to study the effect of large (N = 100) versus small (N = 10) group sizes on behavior in three of the scalable games that we study. While our results are largely consistent with existing findings for small groups, increases in group size are shown to matter for the robustness of those findings.

Our Gift

2020 ◽  
pp. 1-11
Author(s):  
Dominic D. P. Johnson
Keyword(s):  
Decision Making ◽  
International Relations ◽  
Fast Moving ◽  
Evolutionary History ◽  
Cognitive Biases ◽  
Human Beings ◽  
The Many ◽  
Adaptive Decision Making ◽  
Individual Human

This chapter describes strategic instincts as rapid, adaptive decision-making heuristics that all human beings have and are not achieved by accident. It elaborates how strategic instincts keep people alive and successful over the many millennia of human evolutionary history and in fast-moving situations of uncertainty. It also confirms the continuation of the same strategic instincts that serve as tools of survival for individual human beings and the nations they lead, significantly in times of crisis and war. The chapter focuses on whether and when cognitive biases cause or promote success in the realm of international relations. It discusses the interpretation of cognitive biases that appears to be exacerbated by focusing on disasters and looking at isolated events.

scholarly journals The Impact of Emotions on Our Rational Economic Decisions

2021 ◽  
Vol 11 (2) ◽  
pp. 19-46
Author(s):  
İbrahim Cevizli ◽  
Mahmut Bilen
Keyword(s):  
Decision Making ◽  
Complex Structure ◽  
Decision Making Process ◽  
Unique Contribution ◽  
Human Beings ◽  
Economic Decision ◽  
Economic Theories ◽  
Economic Decisions ◽  
Economic Decision Making ◽  
The Impact

There are many factors that affect the attitudes and behaviors of human beings, which have a very complex structure. However, mainstream economic theories have ignored other characteristics, including the role of emotions, by assuming that human beings are “rational” in the economic decision-making process. Although this assumption is actually controversial, it still maintains its strong established position in economic theories. In the study, the history of economic rationality and the objections developed against the rational individual were examined, and whether emotions affect the economic decision-making process was analyzed with a hypothetical experimental study, first based on observation, and then subjected to the Mann Whitney U test. According to the findings, it was determined that people are also affected by their feelings that they do not act solely on the assumption of rationality in the economic decision-making process. This finding is presented both as a unique contribution to the economics literature and as an option to be evaluated for economic policy makers.

scholarly journals Nudgitize me! A behavioral Finance Approach to minimize losses and maximize profits from Heuristics and Biases

2018 ◽  
Vol 10 (2) ◽  
pp. 1241-1256 ◽  
Author(s):  
Julia Puaschunder
Keyword(s):  
Decision Making ◽  
Behavioral Finance ◽  
Field Experiments ◽  
Information Overload ◽  
Profit Maximization ◽  
Complex World ◽  
Heuristics And Biases ◽  
Human Beings ◽  
Wide Range ◽  
Rational Choices

Behavioral Finance is one of the most novel developments in Behavioral Economics. Since the end of the 1970ies a wide range of psychological, economic and sociological laboratory and field experiments proved human beings deviating from rational choices. Standard neoclassical profit maximization axioms were outlined to fail to explain how human actually behave. Human beings were rather found to use heuristics in the day-to-day decision making. These mental short cuts enable to cope with information overload in a complex world. Behavioral economists proposed to nudge and wink citizens to make better choices for themwith many different applications in very many different domains. This paper reviews and proposes how to use mental heuristics, biases and nudges in the finance domain to profit from markets.

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