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made in eight conflict situations. These were difficult forecasting problems; the 32% accuracy of the unaided experts was … accurate. Collaboration did not improve accuracy. …
Persistent link: https://www.econbiz.de/10005581149
Traditional groups meetings are an inefficient and ineffective method for making forecasts and decisions. We compare two structured alternatives to traditional meetings: the Delphi technique and prediction markets. Delphi is relatively simple and cheap to implement and has been adopted for...
Persistent link: https://www.econbiz.de/10005623316
made in eight conflict situations. These were difficult forecasting problems; the 32% accuracy of the unaided experts was … accurate. Collaboration did not improve accuracy. …
Persistent link: https://www.econbiz.de/10005119357
ratings. However, Study 2 shows that when feedback on advisor accuracy is unavailable or costly, confident advisors hold sway … regardless of accuracy. People also made less effort to determine the accuracy of confident advisors; interest in buying advisor …, accuracy, and calibration influence others. …
Persistent link: https://www.econbiz.de/10010665661
assess whether or not wider income differences play a causal role leading to worse health. We conducted a literature review …
Persistent link: https://www.econbiz.de/10011189682
large body of research. The aim of this paper is to review the concept of social capital in an organizational context, and … beyond being merely metaphor for advantage. First, the unresolved issue of causality is a barrier in the study of social … individual and organizational social capital <p> lacks a consistent, bridging theory. Finally, there is a lack of understanding …
Persistent link: https://www.econbiz.de/10005802302
The purpose of this paper is to review, summarise and critically assess the academic studies that have dealt with … from 2007 and outline recent forecasts for electricity demand. The results of this review aim to identify gaps in the … studies examining the causality direction between energy (electricity) consumption and economic growth have failed to reach a …
Persistent link: https://www.econbiz.de/10010643099
Narrative approaches to analyzing risks seek to identify the variables critical to creating and controlling a risk, then to instantiate them in terms of coherent themes (e.g., organizational failure, strategic surprise). Computational approaches to analyzing risks seek to identify the same...
Persistent link: https://www.econbiz.de/10005709763
makers' mental representations of the alternatives, measured with both verbal and nonverbal judgment probes. We found that …, however, remained even when accounting for this judgment distortion and the effects of sampling bias. Indeed, participants …
Persistent link: https://www.econbiz.de/10008497636
violate the partition inequality implied by the classical theory of decision under uncertainty. …We develop a belief-based account of decision under uncertainty. This model predicts decisions under uncertainty from … (i) judgments of probability, which are assumed to satisfy support theory; and (ii) decisions under risk, which are …
Persistent link: https://www.econbiz.de/10009214756