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ECOLOGICAL RATIONALITY: FAST-AND-FRUGAL HEURISTICS FOR MANAGERIAL DECISION MAKING UNDER UNCERTAINTY
Luan, Shenghua1; Reb, Jochen2; Gigerenzer, Gerd3
第一作者Luan, Shenghua
心理所单位排序1
摘要

Heuristics are often viewed as inferior to "rational" strategies that exhaustively search and process information. Introducing the theoretical perspective of ecological rationality, we challenge this view and argue that, under conditions of uncertainty common to managerial decision making, managers can actually make better decisions using fast-and-frugal heuristics. Within the context of personnel selection, we show that a heuristic called D-inference can more accurately predict which of two job applicants would perform better in the future than can logistic regression, a prototypical rational strategy. Using data from 236 applicants at an airline company, we demonstrate, in Study 1, that, despite searching less than half of the cues, D-inference leads to more accurate selection decisions than logistic regression. After this existence proof, we examine, in Study 2, the ecological conditions under which the heuristic predicts more accurately than logistic regression using 1,728 simulated task environments. Finally, in Study 3, we show in an experiment that participants adapted their strategies to the characteristics of a task-and increasingly so the greater their previous experience in selection decisions. The aim of this article is to propose ecological rationality as an alternative to current views about the nature of heuristics in managerial decisions.

2019-12-01
语种英语
DOI10.5465/amj.2018.0172
发表期刊ACADEMY OF MANAGEMENT JOURNAL
ISSN0001-4273
卷号62期号:6页码:1735-1759
期刊论文类型article
收录类别SCI
资助项目CAS grant[Y8CX153006]
出版者ACAD MANAGEMENT
WOS关键词HOMO HEURISTICUS ; ADVERSE IMPACT ; STRATEGIES ; SELECTION ; MODELS ; PERFORMANCE ; PREDICTORS ; LEARN ; PREFERENCE ; INTUITION
WOS研究方向Business & Economics
WOS类目Business ; Management
WOS记录号WOS:000510826700005
资助机构CAS Pioneer 100, Category A grant
引用统计
被引频次:110[WOS]   [WOS记录]     [WOS相关记录]
文献类型期刊论文
条目标识符http://ir.psych.ac.cn/handle/311026/30880
专题社会与工程心理学研究室
通讯作者Luan, Shenghua
作者单位1.Chinese Acad Sci, Inst Psychol, Beijing, Peoples R China
2.Singapore Management Univ, Org Behav & Human Resources, Lee Kong Chian Sch Business, Singapore, Singapore
3.Max Planck Inst Human Dev, Harding Ctr Risk Literacy, Berlin, Germany
第一作者单位中国科学院心理研究所
通讯作者单位中国科学院心理研究所
推荐引用方式
GB/T 7714
Luan, Shenghua,Reb, Jochen,Gigerenzer, Gerd. ECOLOGICAL RATIONALITY: FAST-AND-FRUGAL HEURISTICS FOR MANAGERIAL DECISION MAKING UNDER UNCERTAINTY[J]. ACADEMY OF MANAGEMENT JOURNAL,2019,62(6):1735-1759.
APA Luan, Shenghua,Reb, Jochen,&Gigerenzer, Gerd.(2019).ECOLOGICAL RATIONALITY: FAST-AND-FRUGAL HEURISTICS FOR MANAGERIAL DECISION MAKING UNDER UNCERTAINTY.ACADEMY OF MANAGEMENT JOURNAL,62(6),1735-1759.
MLA Luan, Shenghua,et al."ECOLOGICAL RATIONALITY: FAST-AND-FRUGAL HEURISTICS FOR MANAGERIAL DECISION MAKING UNDER UNCERTAINTY".ACADEMY OF MANAGEMENT JOURNAL 62.6(2019):1735-1759.
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