Managers and Students as Newsvendors

• 成果类型: Article
• 署名作者: Bolton, Gary E.; Ockenfels, Axel; Thonemann, Ulrich W.
• 署名单位: University of Texas System; University of Texas Dallas; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Cologne; University of Cologne
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.1120.1550
• 发表日期: 2012
• 页码: 2225-2233
• 关键词: Newsvendor game; laboratory experiment; manager behavior; information usage

摘要

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 positively affected by the level of their education and their level in the organizational hierarchy. We discuss implications for theory and for how ordering might be improved in practice.