We separate newsvendor order decisions into point forecasts, uncertainty judgments, and service level decisions in a behavioral laboratory experiment. Structuring order decisions in such a way can lead to performance improvements, and enable us to more closely examine these components. Point...

This research analyzes how individual differences affect performance in time-series forecasting. Task performance varies based on an individual’s ability to balance intuitive judgment with cognitive deliberation, as measured by the Cognitive Reflection Test. Decision makers with higher...

This paper experimentally investigates the difficulty subjects have in recognizing dominant strategies. We find, for example, that subjects playing the prisoner's dilemma game defect significantly more when they are asked to guess the move of their counterpart than when they are not so asked. We...