In hierarchical organizations the role of a team leader often requires making decisions which do not necessarily coincide with the majority opinion of the team. However, these decisions are final and binding for all team members. We study experimentally why, and under which conditions, leaders...

I. Zur Bedeutung des Bauchgefühls in Zeiten von Big Data -- II. Vorwissen und Erfahrungen -- III. Intuition als bewusste Intelligenz -- IV. Bauchentscheidungen im Management -- V. Small Data und Intuition -- VI. Eine Form von Intelligenz: die innere Stimme -- VII. Was Manager zum Thema...

In general, effective strategic decisions are associated with a step-by-step analysis of information. However, such recommendations are detached from the realities decision makers are faced with, i.e uncertainty of a decision problem, abundance of information from various sources, as well as...

The theoretical and empirical literature to date has fallen short of reaching a consensus as to whether granting more managerial discretion to managers tends to enhance, not alter or diminish organisational performance (the discretion puzzle). This book aims to build a bridge between these...

The book answers a simple question: when managers and companies face a decision with two outcomes that are safe and risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk and decision making by managers. The book then gathers...