Managers and Students as Newsvendors

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Managers and Students as Newsvendors

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Title: Managers and Students as Newsvendors
Author(s):
Bolton, Gary E.;
Ockenfels, A.;
Thonemann, U. W.
Format: text
Item Type: article
Keywords: Information usage
Social sciences--Experiments
Management
Abstract: We compare how experienced procurement managers and students solve the newsvendor problem. We find that managers broadly exhibit the same kind of pull-to-center bias as students do. Also, managers use information and task training no better than students. The performance of managers is positively affected by the level of their education and their level in the organizational hierarchy. We discuss implications for theory and for how ordering might be improved in practice. © 2012 INFORMS.
ISSN: 0025-1909
Persistent Link: http://dx.doi.org/10.1287/mnsc.1120.1550
http://hdl.handle.net/10735.1/3194
Terms of Use: © 2012 INFORMS

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