2023
DOI: 10.1007/s11573-023-01139-7
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When nudges promote neutral behavior: an experimental study of managerial decisions under risk and uncertainty

Abstract: Managers often make decisions in situations involving risk and uncertainty. To ensure the prosperity of the company, neutral behavior is desirable in such situations. However, when evaluating future-oriented managerial actions, cognitive biases can arise that are manifested as aversions towards risky and uncertain situations, leading to non-optimal decisions. In an online experiment with a convenience sample of 298 US participants, we investigate deviations from risk- and uncertainty-neutral managerial decisio… Show more

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