Bolton, Gary E.; Ockenfels, Axel; Thonemann, Ulrich W. - In: Management Science 58 (2012) 12, pp. 2225-2233
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...