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Assessing Managerial Decisions Using the Dual Systems Theory of Reasoning: Future Challenges for Management Researchers.

Academy of Entrepreneurship Journal, 2008, Jan-July, 14, 1-2

Academy of Entrepreneurship Journal

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Descrição

INTRODUCTION Decisions of major consequence occur in response to real life situations. Often these situations are very complex and require decision-making that occurs over lengthy periods of time. The theoretic framework based on two systems of reasoning draw a distinction between the reasoning processes employed in making these decisions (e.g. Sloman, 1996). One system is purposeful and rational, the other automatic and affective (Hamilton, Sherman & Maddox, 1999). These systems can coexist and influence decision-making behavior in everyday life (Epstein & Pacini, 1999). Although the terminology used to describe these two systems varies, the characteristics of the two systems are described in a similar manner. Epstein (1994) described the two systems as experiential and rational; Sloman (2002) characterized them as associative and rule-based, Stanovich and West (2000) and Kahneman (2003) have labeled them as System 1 and System 2. The System 1 or the experiential system describes a fast, effortless, intuitive reasoning process that is subject to emotional influences and which is often utilized to make many decisions in a near simultaneous manner. The System 2 or the rational system describes a slow, effortful, logic-based process that results in decisions that are made sequentially rather that simultaneously. The underlying assumptions regarding the use of the two systems are that System 2 reasoning requires a greater use of appropriate information and analysis (Kahneman 2003) and that a greater use of System 2 or logic-based reasoning by the decision maker will result in better solutions to more complex problems than a greater use of intuitive reasoning (Stanovich and West 2002).

Assessing Managerial Decisions Using the Dual Systems Theory of Reasoning: Future Challenges for Management Researchers.
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  • 2,99 €
  • Disponível em iPhone, iPad, iPod touch e Mac.
  • Categoria: Negócios e finanças pessoais
  • Publicado: 01/01/2008
  • Editora: The DreamCatchers Group, LLC
  • Tamanho da impressão: 30 páginas
  • Línguas: Inglês
  • Requisitos: Para ver este livro, tem de ter um dispositivo iOS com o iBooks 1.3.1 ou mais recente e o iOS 4.3.3 ou mais recente ou um Mac com o iBooks 1.0 ou mais recente e o OS X 10.9 ou mais recente.

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