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When nudges promote neutral behavior: an experimental study of managerial decisions under risk and uncertainty

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Renz, Erich ; Müller, Marvin M. ; Böhm, Kim Leonardo
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Date of publication of this fulltext: 06 Apr 2023 06:35

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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 ...


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