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Intuition in Managerial Decision Making

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  • Kateřina Maňasová

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.

Suggested Citation

  • Kateřina Maňasová, 2012. "Intuition in Managerial Decision Making," Ekonomika a Management, Prague University of Economics and Business, vol. 2012(2), pages 18-23.
    • Handle: RePEc:prg:jnleam:v:2012:y:2012:i:2:id:163:p:18-23
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    References listed on IDEAS

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