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Database Models and Managerial Intuition What is the superior basis for decision making: managerial intuition or analytical models?

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Presentation on theme: "Database Models and Managerial Intuition What is the superior basis for decision making: managerial intuition or analytical models?"— Presentation transcript:

1 Database Models and Managerial Intuition What is the superior basis for decision making: managerial intuition or analytical models?

2 Models better than managers because managers are subject to: Decision Biases Overconfidence Become tired, bored, or emotional Inconsistently integrating evidence

3 Managers better than models because models: Know only what has been programmed by the model builder Cannot make subjective evaluations of attributes Are too rigid and inflexible Do not have domain specific knowledge

4 Message Combinations of Managers and Models are superior to either in isolation Reason being that they have complimentary skills Models combine complex data in a consistent and unbiased manner Managers have additional insight and are adaptive to change


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