We conduct a laboratory experiment to shed light on the cognitive limitations that may affect the way decision makers respond to changes in their economic environment. The subjects solve a tracking problem: they estimate the probability of a binary event, which changes stochastically. The...

"Whether or not we know it, we participate in hundreds of experiments a year. Every time you log onto Amazon, scroll through Netflix listings, or read a Facebook post, you are probably part of an experiment designed to help the platform learn more about how users interact with the site. Digital...

Intro -- Table of Contents -- Introduction: New Beginnings -- I.1. A present-day situation -- I.2. A basic awareness: the governance of a system -- I.3. What lies ahead of us? -- I.4. Guidelines and ways forward -- PART 1: Dealing with Complexity -- 1 Engineering Complexity within Present-Day...

Managen heißt Entscheiden. Ein dynamisches Unternehmensumfeld bringt fortlaufende Entscheidungsbedarfe hervor. Die sich hieraus ableitenden Entscheidungssituationen sind aufgrund zugrundeliegender Zielsetzungen sowie der angewendeten Entscheidungsregeln zu bewältigen. Eine tendenziell...