EURO-Online login
- New to EURO? Create an account
- I forgot my username and/or my password.
- Help with cookies
(important for IE8 users)
2959. Executing prescriptive psychological heuristics: Compatibility effects in decision support applications
Invited abstract in session WD-11: Heuristics in BOR, stream Behavioural OR.
Wednesday, 14:30-16:00Room: 12 (building: 116)
Authors (first author is the speaker)
| 1. | Shashwat M. Pande
|
| Centre for Information Management, Loughborough University | |
| 2. | K.Nadia Papamichail
|
| Alliance Manchester Business School, The University of Manchester & The Alan Turing Institute |
Abstract
In this paper, we examine the effectiveness with which individuals execute prescriptive psychological heuristics in multi-criteria decision-making contexts. Despite growing evidence demonstrating the predictive accuracy of simple psychology-inspired decision-rules, there has been limited research exploring how well individuals deploy an “adaptive toolbox” of methods intended for use as prescriptive decision-aids. Contrasting between compensatory and non-compensatory heuristics, our study provides some of the first experimental evidence indicating that compatibility among individual, model and environmental features facilitates the application of heuristic-methods in multi-criteria decision-making settings. We draw on the neuropsychological, behavioral and decision analytic literatures to derive our experimental framework and contextualise our findings within the broader discourse in Behavioural OR (BOR).
Keywords
- Behavioural OR
- Decision Analysis
- Decision Support Systems
Status: accepted
Back to the list of papers