Does March Madness lead to irrational exuberance in the NBA draft? High-value employee selection decisions and decision-making bias
نویسندگان
چکیده
منابع مشابه
Does automation bias decision-making?
Computerized system monitors and decision aids are increasingly common additions to critical decision-making contexts such as intensive care units, nuclear power plants and aircraft cockpits. These aids are introduced with the ubiquitous goal of &&reducing human error''. The present study compared error rates in a simulated #ight task with and without a computer that monitored system states and...
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Is the siren call of ‘‘omics’’-based tests luring researchers, physicians, patients, and entrepreneurs onto the rocks of unproven and unapprovable diagnostics technology, or will the winds of technological change enable them to reach the beachhead safely? In the marketplace, patients and caregivers welcome minimally invasive tests enabling improved decision making and better outcomes. Thanks to...
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BACKGROUND People who exhibit value-induced bias- distorting relevant probabilities to justify medical decisions- may make suboptimal decisions. OBJECTIVE The authors examined whether and in what conditions people exhibit value-induced bias. DESIGN Volunteers on the Web imagined having a serious illness with 2 possible diagnoses and a treatment with the same "small probability'' of success ...
متن کاملSuperstition and Financial Decision Making Current draft: March 2016
In Chinese culture, certain digits are lucky and others unlucky. We test how such numerological superstition affects financial decision in the China IPO market. We find that the frequency of lucky numerical stock listing codes exceeds what would be expected by chance. Also consistent with superstition effects, newly listed firms with lucky listing codes experience inferior post-IPO abnormal ret...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2017
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2017.07.015