The Rationality of Intuition: Studying Adaptive Heuristics in Project Decision-making

Verena Stingl, Joana Geraldi

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

This paper presents a research agenda for studying adaptive heuristics in project decision making. Project decisions are a potentially fruitful research field for adaptive heuristics. These decisions typically take place under time and information constraints, with high complexity and ambiguity - environments in which adaptive heuristics typically strive as effective decision tools. Yet, project decisions as a research topic introduce challenges that are currently not considered in the main body of adaptive heuristics research: the issue of group decision making, and the element of an unpredictable future that is shaped by the project as it is carried out. The proposed research agenda highlights potential research problems within a descriptive and a prescriptive stream of the research. Furthermore, the article presents conventional methodologies to study adaptive heuristics, discusses the limitations of these methods for project decision-making, and suggests alternative methodologies, suitable to cope with group decision-making and irreducible uncertainty.
Original languageEnglish
Publication date2017
Publication statusPublished - 2017
Externally publishedYes
EventThe 33rd EGOS Colloquium 2017: The Good Organization - Copenhagen Business School, Copenhagen, Denmark
Duration: 6 Jul 20178 Jul 2017
Conference number: 33
https://www.egosnet.org/2017_copenhagen/general_theme

Conference

ConferenceThe 33rd EGOS Colloquium 2017
Number33
LocationCopenhagen Business School
CountryDenmark
CityCopenhagen
Period06/07/201708/07/2017
Internet address

Bibliographical note

CBS Library does not have access to the material

Cite this

Stingl, V., & Geraldi, J. (2017). The Rationality of Intuition: Studying Adaptive Heuristics in Project Decision-making. Paper presented at The 33rd EGOS Colloquium 2017, Copenhagen, Denmark.