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Published byGeoffrey Stewart Modified over 8 years ago
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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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Models better than managers because managers are subject to: Decision Biases Overconfidence Become tired, bored, or emotional Inconsistently integrating evidence
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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
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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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