whether the classical approach or the Bayesian approach is more frequently used in the strategic management decision …-making literature. A sample of 51 decision-related articles is collected from the Strategic Management Journal and provides for … examines decision-making in strategic management and places emphasis on increasing the use of the Bayesian approach as a …

normative theory as well. -- Bayesianism ; Bayesian learning ; decision theory ; expectations ; learning ; rational expectations … choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …

's decision on how to allocate loans, we discuss decision making under Knightian uncertainty. We use the info-gap robust …

signals as binary high or low, and study the information herding behavior. Then we study the decision-making in response to …