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There is consensus in the literature that spreadsheets are both ubiquitous and error-prone, but little direct evidence … concerning whether spreadsheet errors frequently lead to bad decision making. We interviewed 45 executives and senior managers …/analysts in the private, public, and non-profit sectors about their experiences with spreadsheet errors and quality control …
Persistent link: https://www.econbiz.de/10009441062
Spreadsheets are commonly used and commonly flawed, but it is not clear how often spreadsheet errors lead to bad … even informal review. Others suggest that spreadsheets inform but do not make decisions, so errors do not necessarily lead … their experiences with spreadsheet quality control and with errors affecting decision making. Almost all said spreadsheet …
Persistent link: https://www.econbiz.de/10009441075
There is consensus in the literature that spreadsheets are both ubiquitous and error-prone, but little direct evidence … concerning whether spreadsheet errors frequently lead to bad decision making. We interviewed 45 executives and senior managers …/analysts in the private, public, and non-profit sectors about their experiences with spreadsheet errors and quality control …
Persistent link: https://www.econbiz.de/10009441250
Using high-level tasks typical of managerial decisions, this experimental study examined the influence of computer assistance on solving ill-structured problems. Of specific interest were the influences of complex and simple assistance on decision performance and decision maker attitudes. Our...
Persistent link: https://www.econbiz.de/10008517568
Purpose - The purpose of this paper is to introduce and identify the basic components, tasks and application areas of expert systems (ESs) as a decision support system that has been increasingly used in the business world lately and explore its potential for improving the effectiveness of...
Persistent link: https://www.econbiz.de/10012159571
Rapid advances in information technology have brought decision makers the mixed blessing of an increasingly vast amount of easily available data. Designers of decision support systems (DSS) have focused on incorporating the latest technology with little attention to whether these new systems are...
Persistent link: https://www.econbiz.de/10009214646
Marketing decision makers are confronted with an increasing amount of information. This leads to a complex decision environment that may cause decision makers to lapse into using mental-effort-reducing heuristics such as anchoring and adjustment. In an experimental study, we find that the use of...
Persistent link: https://www.econbiz.de/10009197305
Entrepreneurs may undertake bad projects because they unwittingly rely on defective or incomplete information to estimate the returns. Investors' concerns about such misjudgements are relatively low when the entrepreneurs' knowledge about their projects has been well calibrated. But if the...
Persistent link: https://www.econbiz.de/10005750989
Persistent link: https://www.econbiz.de/10000066062