{"title":"反复的次优选择会产生卓越的决策。","authors":"Supratik Mondal, Dominik Lenda, Jakub Traczyk","doi":"10.1037/dec0000240","DOIUrl":null,"url":null,"abstract":"In real-life situations involving risk and uncertainty, optimal policy hinges on selecting a course of action characterized by the highest expected value (i.e., future outcomes weighted by their probabilities). Nevertheless, a vast body of �ndings from economic and psychological studies indicate that people rarely follow this principle and make suboptimal choices. In the current research, we tested a hypothesis that recurring suboptimal choices result in superior decision making. In one simulation study and three well-powered (N = 1,046) fully-incentivized empirical studies, we demonstrated that people who traded off their decision accuracy for the number of possible choices performed better (i.e., they earned more money) than those who made optimal decisions in terms of maximizing the expected value. Our results demonstrate that decision makers can adapt to the requirements of a decision task. They are inclined to make more suboptimal decisions, resulting in better overall performance than normatively better choices.","PeriodicalId":43923,"journal":{"name":"Decision","volume":null,"pages":null},"PeriodicalIF":1.5000,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Recurring suboptimal choices result in superior decision making.\",\"authors\":\"Supratik Mondal, Dominik Lenda, Jakub Traczyk\",\"doi\":\"10.1037/dec0000240\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In real-life situations involving risk and uncertainty, optimal policy hinges on selecting a course of action characterized by the highest expected value (i.e., future outcomes weighted by their probabilities). Nevertheless, a vast body of �ndings from economic and psychological studies indicate that people rarely follow this principle and make suboptimal choices. In the current research, we tested a hypothesis that recurring suboptimal choices result in superior decision making. In one simulation study and three well-powered (N = 1,046) fully-incentivized empirical studies, we demonstrated that people who traded off their decision accuracy for the number of possible choices performed better (i.e., they earned more money) than those who made optimal decisions in terms of maximizing the expected value. Our results demonstrate that decision makers can adapt to the requirements of a decision task. They are inclined to make more suboptimal decisions, resulting in better overall performance than normatively better choices.\",\"PeriodicalId\":43923,\"journal\":{\"name\":\"Decision\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.5000,\"publicationDate\":\"2024-07-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Decision\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1037/dec0000240\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"MANAGEMENT\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Decision","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1037/dec0000240","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"MANAGEMENT","Score":null,"Total":0}
Recurring suboptimal choices result in superior decision making.
In real-life situations involving risk and uncertainty, optimal policy hinges on selecting a course of action characterized by the highest expected value (i.e., future outcomes weighted by their probabilities). Nevertheless, a vast body of �ndings from economic and psychological studies indicate that people rarely follow this principle and make suboptimal choices. In the current research, we tested a hypothesis that recurring suboptimal choices result in superior decision making. In one simulation study and three well-powered (N = 1,046) fully-incentivized empirical studies, we demonstrated that people who traded off their decision accuracy for the number of possible choices performed better (i.e., they earned more money) than those who made optimal decisions in terms of maximizing the expected value. Our results demonstrate that decision makers can adapt to the requirements of a decision task. They are inclined to make more suboptimal decisions, resulting in better overall performance than normatively better choices.
期刊介绍:
The aim of the Journal, Decision, is to publish qualitative, quantitative, survey-based, simulation-based research articles at the national and sub-national levels. While there is no stated regional focus of the journal, we are more interested in examining if and how individuals, firms and governments in emerging economies may make decisions differently. Published for the management scholars, business executives and managers, the Journal aims to advance the management research by publishing empirically and theoretically grounded articles in management decision making process. The Editors aim to provide an efficient and high-quality review process to the authors.
The Journal accepts submissions in several formats such as original research papers, case studies, review articles and book reviews (book reviews are only by invitation).
The Journal welcomes research-based, original and insightful articles on organizational, individual, socio-economic-political, environmental decision making with relevance to theory and practice of business. It also focusses on the managerial decision-making challenges in private, public, private-public partnership and non-profit organizations. The Journal also encourages case studies that provide a rich description of the business or societal contexts in managerial decision-making process including areas – but not limited to – conflict over natural resources, product innovation and copyright laws, legislative or policy change, socio-technical embedding of financial markets, particularly in developing economy, an ethnographic understanding of relations at a workplace, or social network in marketing management, etc.
Research topics covered in the Journal include (but not limited to):
Finance and Accounting
Organizational Theory and Behavior
Decision Science
Public Policy-Economic Insights
Operation Management
Innovation and Entrepreneurship
Information Technology and Systems Management
Optimization and Modelling
Supply Chain Management
Data Analytics
Marketing Management
Human Resource Management