Improving decision making through visual knowledge calibration

被引:3
|
作者
Muntwiler, Christian [1 ]
Eppler, Martin J. [1 ]
机构
[1] Univ St Gallen, Inst Media & Commun Management, St Gallen, Switzerland
关键词
Technology led strategy; Decision making; Business strategy; Management; Psychology; Individual behavior; MANAGERS PERCEPTUAL ERRORS; OVERCONFIDENCE; ILLUSION; VISUALIZATION; GENDER; RISK; THINKING; SCIENCE;
D O I
10.1108/MD-07-2022-1018
中图分类号
F [经济];
学科分类号
02 ;
摘要
PurposeThis article aims to explore the so-called illusion of explanatory depth (IOED) of managers regarding their understanding of digital technologies and examines the effect of knowledge visualization one's current understanding and decision making. Its purpose is to show that managers think they know more than they do and that this affects decision making but can be reduced through knowledge visualization.Design/methodology/approachIn two experiments with experienced managers, the authors investigate the size and impact of the IOED bias in decision making and examine if sketched self-explanations are as effective as written self-explanations to reduce the bias.FindingsThe findings show that experienced managers suffer from a significant illusion concerning their explanatory understanding of digital technologies and that sketching one's current level of explanatory understanding of these technologies supports the accurate calibration of one's knowledge. The findings indicate that sketching knowledge is a helpful modality for the detection and subsequent recalibration of biased knowledge in domain-dependent decision making.Originality/valueThis article is the first to explore the effect of sketched knowledge externalization on the calibration of explanatory knowledge of managers. It extends the literature on both, the IOED and on knowledge visualization as an instrument of knowledge calibration.
引用
收藏
页码:2374 / 2390
页数:17
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