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Misperceptions of feedback in dynamic decisionmaking

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  • Sterman, John

Abstract

"D-3876-1." "Presented at the 1986 meeting of the Judgment/Decisionmaking Society, New Orleans, La."

Suggested Citation

  • Sterman, John, 1987. "Misperceptions of feedback in dynamic decisionmaking," Working papers 1899-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  • Handle: RePEc:mit:sloanp:2173
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    File URL: http://hdl.handle.net/1721.1/2173
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    References listed on IDEAS

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    1. Zarnowitz, Victor, 1985. "Recent Work on Business Cycles in Historical Perspective: A Review of Theories and Evidence," Journal of Economic Literature, American Economic Association, vol. 23(2), pages 523-580, June.
    2. Smith, Vernon L, 1982. "Microeconomic Systems as an Experimental Science," American Economic Review, American Economic Association, vol. 72(5), pages 923-955, December.
    3. Sterman, John D., 1985. "A behavioral model of the economic long wave," Journal of Economic Behavior & Organization, Elsevier, vol. 6(1), pages 17-53, March.
    4. John D. Sterman, 1987. "Testing Behavioral Simulation Models by Direct Experiment," Management Science, INFORMS, vol. 33(12), pages 1572-1592, December.
    5. Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-1255, December.
    6. Coen, Robert M, 1975. "Investment Behavior, the Measurement of Depreciation, and Tax Policy," American Economic Review, American Economic Association, vol. 65(1), pages 59-74, March.
    7. Meese, Richard, 1980. "Dynamic factor demand schedules for labor and capital under rational expectations," Journal of Econometrics, Elsevier, vol. 14(1), pages 141-158, September.
    8. Senge, Peter M., 1980. "A system dynamics approach to investment-function formulation and testing," Socio-Economic Planning Sciences, Elsevier, vol. 14(6), pages 269-280.
    9. Slovic, Paul & Lichtenstein, Sarah, 1983. "Preference Reversals: A Broader Perspective," American Economic Review, American Economic Association, vol. 73(4), pages 596-605, September.
    10. Pommerehne, Werner W & Schneider, Friedrich & Zweifel, Peter, 1982. "Economic Theory of Choice and the Preference Reversal Phenomenon: A Reexamination," American Economic Review, American Economic Association, vol. 72(3), pages 569-574, June.
    11. Victor Zarnowitz, 1984. "Recent Work on Business Cycles in Historical Perspective: Review of Theories and Evidence," NBER Working Papers 1503, National Bureau of Economic Research, Inc.
    12. Pindyck, Robert S & Rotemberg, Julio J, 1983. "Dynamic Factor Demands and the Effects of Energy Price Shocks," American Economic Review, American Economic Association, vol. 73(5), pages 1066-1079, December.
    13. Grether, David M & Plott, Charles R, 1979. "Economic Theory of Choice and the Preference Reversal Phenomenon," American Economic Review, American Economic Association, vol. 69(4), pages 623-638, September.
    14. Jorgenson, Dale W & Hunter, Jerald & Nadiri, M Ishaq, 1970. "A Comparison of Alternative Econometric Models of Qtrly Investment Behavior," Econometrica, Econometric Society, vol. 38(2), pages 187-212, March.
    15. Robin M. Hogarth & Spyros Makridakis, 1981. "The Value of Decision Making in a Complex Environment: An Experimental Approach," Management Science, INFORMS, vol. 27(1), pages 93-107, January.
    16. John D. W. Morecroft, 1985. "Rationality in the Analysis of Behavioral Simulation Models," Management Science, INFORMS, vol. 31(7), pages 900-916, July.
    17. Simon, Herbert A, 1979. "Rational Decision Making in Business Organizations," American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
    18. Thomas Mayer, 1959. "Plant and Equiptment Lead Times," The Journal of Business, University of Chicago Press, vol. 33, pages 127-127.
    19. Phelps Brown, E H, 1972. "The Underdevelopment of Economics," Economic Journal, Royal Economic Society, vol. 82(325), pages 1-10, March.
    20. Leontief, Wassily, 1971. "Theoretical Assumptions and Nonobserved Facts," American Economic Review, American Economic Association, vol. 61(1), pages 1-7, March.
    21. Plott, Charles R., "undated". "Laboratory Experiments in Economics: The Implications of Posted-Price Institutions," Working Papers 597, California Institute of Technology, Division of the Humanities and Social Sciences.
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    Cited by:

    1. Sterman, John, 1987. "Modeling managerial behavior--misperceptions of feedback in a dynamic decisionmaking experiment," Working papers 1933-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.

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    HD28 .M414 no. 1899-; 87;

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