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Intuition in Managerial Decision Making

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  • Kateřina Maňasová
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    Abstract

    In recent years, the study of intuition has attracted enormous attention of psychologists,sociologists and economists. Despite the differences in theories, all agree that intuition has an important role in our decision making. Understanding its function could help us to eliminate the mistakes, that often occure in decision making process. The aim of this article is to provide basic information about the researches of the effectivity of intuitive decision making and to motivate readers for further investigation of this phenomenon.

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    Bibliographic Info

    Article provided by University of Economics, Prague in its journal Ekonomika a Management.

    Volume (Year): 2012 (2012)
    Issue (Month): 2 ()
    Pages: 18-23

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    Handle: RePEc:prg:jnleam:v:2012:y:2012:i:2:id:163:p:18-23

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    Postal: Redakce Ekonomika a management, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
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    Related research

    Keywords: Intuition; Managerial decision making; Irrational decisions; Effectivity of intuitive decision making; Intuice; Manažerské rozhodování; Iracionální rozhodování; Efektivita intuitivního rozhodování;

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    1. Shapiro, Stewart & Spence, Mark T., 1997. "Managerial intuition: A conceptual and operational framework," Business Horizons, Elsevier, vol. 40(1), pages 63-68.
    2. Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
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