DSS effects in the context of behavioral economics (BE) – proposal of evaluation method for strategic management DSS

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A96818" target="_blank" >RIV/60460709:41110/23:96818 - isvavai.cz</a>
Result on the web
<a href="https://dokumenty.vsb.cz/docs/files/cs/e1c37442-9c5c-460d-b296-cefb7ecce285?prevPage=true" target="_blank" >https://dokumenty.vsb.cz/docs/files/cs/e1c37442-9c5c-460d-b296-cefb7ecce285?prevPage=true</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
DSS effects in the context of behavioral economics (BE) – proposal of evaluation method for strategic management DSS
Original language description
Enabled by the development of information technologies, decision support systems (DSS) usage should increase, reflecting the increasing volume of information. However, many studies show the less-than-optimal use of DSS advice, and the quantification of DSS usage does not address strategic management specifics. This study outlines an experiment to examine the DSS usage level and effect in the context of behavioral economics (BE) cognitive bias, particularly the significance of past experience and level of certainty. In two rounds of the decision experiment, the same decision was made while DSS was provided for the second decision round. Major findings include that experience and certainty level is significant factors of DSS usage, decision adjustment frequency, and size and decision result, with a capacity for cognitive bias effect. Selected decision experiment can be adopted in any organization as a management decision-making style research method when considering DSS implementations. © Proceedings of the 15th International Conference on Strategic Management and its Support by Information Systems, SMSIS 2023.
Czech name
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Czech description
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Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 15th International Conference on Strategic Management and its Support by Information Systems, SMSIS 2023
ISBN
978-802484687-3
ISSN
2570-5776
e-ISSN
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Number of pages
10
Pages from-to
15-24
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Jan 1, 2024
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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