Journal ArticleDOI
Biases in judgmental adjustments of statistical forecasts: The role of individual differences
Cuneyt Eroglu,Keely L. Croxton +1 more
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The authors explored the effects of individual differences, specifically personality, motivational orientation, and work locus of control, on forecasting biases and found that a forecaster's personality and motivational orientation have significant effects on forecasting bias.About:
This article is published in International Journal of Forecasting.The article was published on 2010-01-01. It has received 94 citations till now. The article focuses on the topics: Consensus forecast & Optimism bias.read more
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A literature review of the anchoring effect
Adrian Furnham,Hua Chu Boo +1 more
TL;DR: A review of the literature in this area including various different models, explanations and underlying mechanisms used to explain anchoring effects can be found in this article, where mood and individual difference (ability, personality, information styles) correlates of anchoring as well as the effect of motivation and knowledge on decisions affected by anchoring.
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Biases in future-oriented Delphi studies: A cognitive perspective
Jens Winkler,Roger Moser +1 more
TL;DR: In this article, the authors investigate how different cognitive biases take effect within future-oriented Delphi studies and how their unfavorable impacts can be mitigated by thoroughly adapting specific Delphi design features.
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The negative impact of product variety: Forecast bias, inventory levels, and the role of vertical integration
Xiang Wan,Nadia R. Sanders +1 more
TL;DR: In this paper, the authors empirically test the mediation relationship of forecast bias on inventory levels and find that the relationship is indeed moderated by vertical integration, suggesting that many of the operational challenges of increasing product variety can be improved through information transparency and coordination with supply chain partners.
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Why your stigma isn't hired : a dual-process framework of interview bias
TL;DR: The authors proposed a framework for interview bias based on the dual-process theory, which is a widely applicable theoretical framework that has influenced research on social interactions, information processing, and decision making.
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Do 'big losses' in judgmental adjustments to statistical forecasts affect experts' behaviour?
TL;DR: This paper empirically examines the effect of big losses on subsequent judgmental adjustments exploiting a large multinational data set containing statistical forecasts of demand for pharmaceutical products, expert adjustments and actual sales and discusses the implications for the effective design of forecasting support systems.
References
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Multivariate Data Analysis
TL;DR: In this paper, a six-step framework for organizing and discussing multivariate data analysis techniques with flowcharts for each is presented, focusing on the use of each technique, rather than its mathematical derivation.
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Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
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Multivariate data analysis
TL;DR: This chapter discusses Structural Equation Modeling: An Introduction, and SEM: Confirmatory Factor Analysis, and Testing A Structural Model, which shows how the model can be modified for different data types.
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Generalized expectancies for internal versus external control of reinforcement.
TL;DR: In this paper, the effects of reward or reinforcement on preceding behavior depend in part on whether the person perceives the reward as contingent on his own behavior or independent of it, and individuals may also differ in generalized expectancies for internal versus external control of reinforcement.
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Handbook of industrial and organizational psychology
TL;DR: An up-to-date handbook on conceptual and methodological issues relevant to the study of industrial and organizational behavior is presented in this paper, which covers substantive issues at both the individual and organizational level in both theoretical and practical terms.