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Research Framework and Hypothesis Development: Investigating Cognitive Biases in Singaporean Workplace Decision-Making

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  • Ohms, Benjamin

Abstract

This paper shows the research framework and hypothesis development for a quantitative study on heuristics and biases in employee decision-making in Singaporean workplaces. The underlying theories used are the Bounded Rationality and Prospect Theories. This study addresses research gaps previously identified by a systematic literature review (Ohms, 2025b), particularly focusing on non-investment contexts and Singapore. The study identifies overconfidence, herding, and decision avoidance biases as the independent variables; information evaluation, searching information, and procrastination as the dependent variables; and time pressure and complexity as the moderating variables. These hypotheses establish a rigorous theoretical foundation for investigating the specified relationships, contributing to new knowledge in behavioural economics and organisational practice.

Suggested Citation

  • Ohms, Benjamin, 2025. "Research Framework and Hypothesis Development: Investigating Cognitive Biases in Singaporean Workplace Decision-Making," SocArXiv vd4x8_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:vd4x8_v1
    DOI: 10.31219/osf.io/vd4x8_v1
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    References listed on IDEAS

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    1. Ohms, Benjamin, 2025. "A Systematic Literature Review of Cognitive Biases in Workplace Decision-Making," SocArXiv 2kq9b_v1, Center for Open Science.
    2. Morteza Yazdani & Pascale Zaraté & Edmundas Kazimieras Zavadskas & Zenonas Turskis, 2019. "A Combined Compromise Solution (CoCoSo) method for multi-criteria decision-making problems," Post-Print hal-02879091, HAL.
    3. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    4. Manika Sharma & Mohammad Firoz, 2020. "Do Investors¡¯ Exhibit Cognitive Biases: Evidence From Indian Equity Market," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(2), pages 26-39, April.
    5. Satish Kumar & Nisha Goyal, 2016. "Evidence on rationality and behavioural biases in investment decision making," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 8(4), pages 270-287, November.
    6. Niklas Karlsson & George Loewenstein & Duane Seppi, 2009. "The ostrich effect: Selective attention to information," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 95-115, April.
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    Cited by:

    1. Ohms, Benjamin, 2025. "Methodology for Investigating Moderating Relationships in Cognitive Biases: A Guide for Workplace Decision-Making Studies in Singapore," SocArXiv j3kbv_v1, Center for Open Science.
    2. Ohms, Benjamin, 2025. "A Quantitative Approach to Investigating Cognitive Biases in Workplace Decision- Making in Singapore," SocArXiv 43tg6_v1, Center for Open Science.

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