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Journal articles on the topic 'Behavioral economics of organization'
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1
Ben-Ner, Avner. "Preferences and organization structure: Toward behavioral economics micro-foundations of organizational analysis." Journal of Socio-Economics 46 (October 2013): 87–96. http://dx.doi.org/10.1016/j.socec.2013.08.003.
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Mons, Arturs, and Velga Vevere. "BEHAVIORAL ECONOMICS PERSPECTIVE ON ASSESSMENT OF RECRUITMENT AND SELECTION PRACTICES IN LATVIA." Acta Prosperitatis, no. 11 (April 22, 2020): 128–39. http://dx.doi.org/10.37804/1691-6077-2020-11-128-139.
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The aim of the current paper is to evaluate the current Human Resource Management evolution in Latvia with respect to employee recruitment and selection practices. The focus is set on the used methods of selection process in organizations, when they are hiring personnel on different organization levels. The authors of the current paper applied several empirical methods to research the recruitment and selection processes. The study was executed in two stages: (1) discussion with Latvia’s recruitments practitioners (Delphi method), and (2) quantitative study performed in Latvia. The research questions were the following. Question 1: Which recruitment methods are used in their represented organizations? Question 2: Which of selection methods are used in their organization? To collect primary data an online survey form was created which was completely self‐administrative. A sample of 16 businesses from different industries in Latvia, was selected. The sampling was conducted during the whole month of January 2020 and data is reflected in the findings. The survey results demonstrate that the employee selection methods applied in Latvia are not that various. Most of the respondents holds on to the traditional methods such as panel interviews and one to one interviews.
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DellaVigna, S. "Psychology and Economics: Evidence from the Field. Part III. Nonstandard Decision Making and Market Response." Voprosy Ekonomiki, no. 6 (June 20, 2011): 82–106. http://dx.doi.org/10.32609/0042-8736-2011-6-82-106.
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This third, and the last, part of a larger work devoted to the modern behavioral economics considers nonstandard decision making that is influenced by inattention of economic agents, their preference toward familiar schemes of action, biases and confusion in the choice situations, outside (in particular, social) pressure. Besides, market response to nonstandard behavior in various economic contexts (industrial organization, labor market, financial market, voting) is analyzed. The author also speculates on the future of behavioral economics as a separate discipline.
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Gartner, William B. "“Who Is an Entrepreneur?” Is the Wrong Question." Entrepreneurship Theory and Practice 13, no. 4 (July 1989): 47–68. http://dx.doi.org/10.1177/104225878901300406.
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Entrepreneurship is the creation of organizations. What differentiates entrepreneurs from non-entrepreneurs is that entrepreneurs create organizations, while non-entrepreneurs do not. In behavioral approaches to the study of entrepreneurship an entrepreneur is seen as a set of activities involved in organization creation, while in trait approaches an entrepreneur is a set of personality traits and characteristics. This paper argues that trait approaches have been unfruitful and that behavioral approaches will be a more productive perspective for future research in entrepreneurship.
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Houdek, Petr, and Petr Koblovský. "Behavioural economics of organization: employees and managers." E+M Ekonomie a Management 20, no. 1 (March 15, 2017): 4–15. http://dx.doi.org/10.15240/tul/001/2017-1-001.
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Brocas, Isabelle, and Juan D. Carrillo. "The Brain as a Hierarchical Organization." American Economic Review 98, no. 4 (August 1, 2008): 1312–46. http://dx.doi.org/10.1257/aer.98.4.1312.
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Based on recent neuroscience evidence, we model the brain as a dual-system organization subject to three conflicts: asymmetric information, temporal horizon, and incentive salience. Under the first and second conflicts, we show that the uninformed system imposes a positive link between consumption and labor at every period. Furthermore, decreasing impatience endogenously emerges as a consequence of these two conflicts. Under the first and third conflicts, it becomes optimal to set a consumption cap. Finally, we discuss the behavioral implications of these rules for choice bracketing and expense tracking, and for consumption over the life cycle. (JEL D11, D74, D82, D87, D91)
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Grubb, Michael D. "Behavioral Consumers in Industrial Organization: An Overview." Review of Industrial Organization 47, no. 3 (August 27, 2015): 247–58. http://dx.doi.org/10.1007/s11151-015-9477-9.
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Robins, James A. "Ecology and Society: a Lesson for Organization Theory, from the Logic of Economics." Organization Studies 6, no. 4 (October 1985): 335–48. http://dx.doi.org/10.1177/017084068500600402.
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Recent work on organizational ecology has helped to clarify the discussion of organiza tion-environment relations by providing a precise analytical distinction between the organization and its environment. However, the clarity of the distinction also exposes serious problems in the population perspective on organizations. The fact that ecology has been wedded to evolutionism cripples it in dealing with some of the central issues of organizational analysis. This paper looks at ways in which the precision of ecology may be combined with social and economic theories other than evolutionism to provide a powerful analysis of the organization in its social environment. Neoclassical economics serves as a model for the sort of theory that can be used to replace evolutionism. The paper concludes by examining the underlying axiomatic structure of neoclassical economics and outlining the general logic required to link ecological and social theories for the purposes of organizational analysis.
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Aliende, Iñaki. "Choice Architects and Behavioral Economics." International Journal of Applied Behavioral Economics 9, no. 4 (October 2020): 74–82. http://dx.doi.org/10.4018/ijabe.2020100105.
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The purpose of this essay is to help generate a framework to promote and refine further investigations and projects in the field of behavioral economics (BE). It leads to being useful for delimiting the phases of any investigation and defines the conditions and elements to be considered in a genuine behavioral study. It has been elaborated by reviewing the work of behavioral insight units (nudge units) of countries and international organizations during the last decade, as well as previous papers in the discipline, to offer a summary of the main steps in BE studies: a manageable shortlist of cognitive bias, feasible examples of application, a guide to know when to nudge, and a reminder of what nudge is not; in short, a process to nudge extracted from the practice of the specialists who applied the approach in the last decade. Particularly, it can result in useful steps for those researchers willing to apply the behavioral approach to their ongoing studies and projects, besides students who require familiarizing with the method.
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Benner, Maximilian. "Overcoming overtourism in Europe: Towards an institutional-behavioral research agenda." Zeitschrift für Wirtschaftsgeographie 64, no. 2 (May 26, 2020): 74–87. http://dx.doi.org/10.1515/zfw-2019-0016.
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AbstractA number of European tourist destinations have become the subject of a public debate on overtourism. The present article argues that problems discussed under the overtourism debate cannot be solved by limiting tourist numbers alone. Rather, the article calls for multidimensional strategies that build on a vision of qualitative tourism development shared by various coalitions of agents. Such a vision should consider which forms of tourism to encourage and which ones to discourage, and what incentives and disincentives to set. Designing and implementing these strategies raises a number of questions that can be grouped under the four dimensions of policies, organization, institutions, and behavior. Institutional approaches known from economic geography can serve to analyze the prospects of policies, and insights from behavioral economics such as the nudging approach can serve to inform policy implementation. These approaches are related to organizational and policy-related aspects of qualitative tourism development. By following the analytical framework provided by the four dimensions mentioned, the article proposes a research agenda for policy-relevant studies on curbing or preventing problems of overtourism.
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Bin, Shan. "The Impact of Organizational Change on Government Civil Servants’ Behavioral Responses in China." Asian Social Science 15, no. 3 (February 28, 2019): 93. http://dx.doi.org/10.5539/ass.v15n3p93.
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With the globalization and the development of scientific technology, competition pressure is more and more in all kinds of organization. Thus, organizational change is becoming the norm, which inevitably lead to the uncertainty of employment relationship, particularly, on employees’ serious of behaviours. These effects have become the vital factors in the organization achieving its organizational goals, and have become an important factor in determining successful organizational change. However, the relevant studies are based predominately on Western theories and models, rather than Chinese cultural background, especially within a public sector context such as the government. By selecting more than 500 Chinese civil servants for the questionnaire, this study is going to measure the dimension of organizational change in Chinese government, and its impact on Chinese civil servants’ behavioural responses. The results show that the impact of different organizational change on Chinese civil servants’ behavioural responses (Exit, Voice, Loyalty, Neglect) is different.
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Hadar, Liat. "Recent developments in behavioral economics." Journal of Economic Behavior & Organization 69, no. 1 (January 2009): 86–88. http://dx.doi.org/10.1016/j.jebo.2008.10.004.
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Mandler, Michael. "Indecisiveness in behavioral welfare economics." Journal of Economic Behavior & Organization 97 (January 2014): 219–35. http://dx.doi.org/10.1016/j.jebo.2013.04.010.
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Kuzminov, Ya, and M. Yudkevich. "Beyond Market: Institutions of Governance in the Complex World (Nobel Memorial Prize in Economics 2009 - Oliver Williamson and Elinor Ostrom)." Voprosy Ekonomiki, no. 1 (January 20, 2010): 82–98. http://dx.doi.org/10.32609/0042-8736-2010-1-82-98.
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The article surveys the main lines of research conducted by Oliver Williamson and Elinor Ostrom - 2009 Nobel Prize winners in economics. Williamsons and Ostroms contribution to understanding the nature of institutions and choice over institutional options are discussed. The role their work played in evolution of modern institutional economic theory is analyzed in detail, as well as interconnections between Williamsons and Ostroms ideas and the most recent research developments in organization theory, behavioral economics and development studies.
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Leblebici, Huseyin. "Transactions and Organizational Forms: A Re-analysis." Organization Studies 6, no. 2 (April 1985): 97–115. http://dx.doi.org/10.1177/017084068500600201.
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This paper is an attempt to extend and amplify the concept of transaction and its relation to alternative organizational forms. Based on the institutional economics tradition of Commons (1924), the economics of internal organizations (Williamson 1975), and recent developments in organization theory (Ouchi 1980), it proposes a conceptual scheme to explain what distinguishes organizational forms and the transformation of these forms under the condition of future uncertainty. The implications of this framework for organization theory and design are also discussed.
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Al-Shaiba, Abdulla, Sami G. Al-Ghamdi, and Muammer Koç. "Measuring efficiency levels in Qatari organizations and causes of inefficiencies." International Journal of Engineering Business Management 12 (January 1, 2020): 184797902097082. http://dx.doi.org/10.1177/1847979020970820.
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Organizational efficiency is considered as one of the important factors affecting the sustainability and viability of an organization and of the larger society that such organizations are part of. Scholars in the interdisciplinary studies of engineering, business, and economics have concluded that the socioeconomic parameters of society are deeply linked with organizational efficiency. Organizational efficiency is generally defined as a measure of the relation between the input resources and output generated within a system. Organizational efficiency in public and private sector enterprises plays a crucial role in ensuring value creation and sustaining the economic and social development of countries. The importance of a sustainable economy and social well-being requires many countries around the world to design and implement tailored pathways to achieve their target of sustainable development, which requires assessing and continuously improving the efficiency of their organizations. Measuring efficiency and implementing periodic course corrections are imperative for maintaining high levels of organizational efficiency. The literature on organizational efficiency measurement is limited and qualitatively inferior, especially when it comes to sustainability considerations and for organizations operating in the Arabian Gulf. The research approach developed in this study to measure efficiency in Qatari organizations is crucial in understanding and improving the transformation journey of Qatari, and similar organizations. This paper focuses on the research approach adopted to measure organizational efficiency based on international best practices and conducts a comparative analysis on the local organizations from a sustainability perspective considering all dimensions of economics, environment and social impacts. The methodology involved in measuring and benchmarking organizational sustainability identifies the “as is” state of organizational sustainability and efficiency in the organization. Identifying the causes of the efficiency gap and improving organizational efficiency from the local perspective are the objectives. The survey result ranked the main areas for improvement within local organizations as 23% Overall organization culture and behavior, 21% Human Resources, 19% Leadership and Governance, 18% Operation, 11% Finances and 8% Quality Assurance.
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Faizullin, Rinat. "Game Reproduction of the Queuing System as an Economic Laboratory Experiment." SHS Web of Conferences 110 (2021): 01050. http://dx.doi.org/10.1051/shsconf/202111001050.
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This article presents the results of an economic laboratory experiment based on a queuing system. The “classical” problem of the theory of mass service, known as the Erlang problem, with the aim of studying the behavioral theory of games reproduced in this article. It is based on the theory of queuing, which allows the company to avoid inefficient organization of customer service. Considerable attention is paid to the provisions of the behavioral theory of games as a method of making management decisions and their practical application. A mathematical model of decision making studied by queuing theory was compiled. There are Conclusions about the behavior in real economic situations. The experiment presented in the form of a game can be used as an original method of teaching economics.
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Yezhova, Olesya Nikolaevna, and Natalia Ivanovna Ulendeeva. "Organizational skills development in the sphere of entrepreneurial activity of penitentiary system prospective employees." Samara Journal of Science 6, no. 2 (June 1, 2017): 226–30. http://dx.doi.org/10.17816/snv201762306.
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The paper analyzes conditions and requirements for production activities organization at penitentiary system institutions at the present stage of social and economic relations development that imply the necessity for entrepreneurial activities organizational skills. The authors consider approaches to the definition of entrepreneurial activity organizational abilities and their own definition of this concept is given through the individual psychological characteristics of the individual that is necessary for successful productive activities organization that involves effective production resources and factors use to achieve economic goals. For effective professional competencies development in the field of production the authors propose to identify the composition and structure of cadets and students organizational abilities, including cognitive, emotional-volitional and behavioral components. They suggest organizing educational process of Economics and Fundamentals of Management in Law Enforcement students that could study nature and structure of production relations in the penal correction system, identify mechanisms, conditions and factors for convicts professional resources management. In elective classes the authors propose to introduce technology of organizational skills development in entrepreneurial activity through a practice-oriented model of training, which assumes the inter-faculty nature of education where the educational process has a continuous formative character. At the training sessions the authors propose to use integrated tasks that develop cognitive component of organizational abilities in business activity among cadets.
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Huma, Zill-e., Saddam Hussain, Ramayah Thurasamy, and Muhammad Imran Malik. "Determinants of cyberloafing: a comparative study of a public and private sector organization." Internet Research 27, no. 1 (February 6, 2017): 97–117. http://dx.doi.org/10.1108/intr-12-2014-0317.
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Purpose Cyberloafing is the personal use of internet while at work. The purpose of this paper is to identify the factors affecting cyberloafing between public and private sector organizations. Design/methodology/approach This study uses the multiple motivational factors with the help of a theoretical paradigm, renowned as theory of interpersonal behavior (TIB). Data were collected through questionnaire to investigate the different behavioral factors between the public and private sector organizations. PLS path modeling and PLS-MGA are used to access the results on SMARTPLS 2.0 software. Findings Results show that the three factors of habit, intention, and social influences taken from the TIB model are important and have a higher path coefficient in a public sector organization setting. The factors of affect, facilitating condition and perceived consequences from TIB are greater in a private sector organization and have a higher path coefficient. By contrast, in multiple group analysis, results show that some factors are more predictive of cyberloafing behavior in a public sector organization, whereas other factors are more predictive for a private sector organization. Practical implications The findings of the current research are beneficial for both organizations and contribute toward policy-making decisions. These results help the managers of public and private sector organizations to decide how to control cyberloafing behavior by focusing on the important factors that lead to it. Originality/value This study shows strong and significant differences between the two types of organizations in terms of path coefficient. This implies that cyberloafing factors have different impacts on different organizations. The study fills an important gap in comparing public and private sector organizations with respect to cyberloafing behavior and clarifying which factors are more effective in predicting cyberloafing behavior according to type of organization. The paper is of great value for both kinds of organizations that face cyberloafing behavior issues.
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Hansen, Fredrik, Anders Anell, Ulf-G. Gerdtham, and Carl Hampus Lyttkens. "The future of health economics: The potential of behavioral and experimental economics." Nordic Journal of Health Economics 3, no. 1 (May 10, 2015): 68–86. http://dx.doi.org/10.5617/njhe.660.
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Health care systems around the globe are facing great challenges. The demand for health care is increasing due to the continuous development of new medical technologies, changing demographics, increasing income levels, and greater expectations from patients. The possibilities and willingness to expand health care resources, however, are limited. Consequently, health care organizations are increasingly required to take economic restrictions into account, and there is an urgent need for improved efficiency. It is reasonable to ask whether the health economics field of today is prepared and equipped to help us meet these challenges. Our aim with this article is twofold: to introduce the fields of behavioral and experimental economics and to then identify and characterize health economics areas where these two fields have a promising potential. We also discuss the advantages of a pluralistic view in health economics research, and we anticipate a dynamic future for health economics.Published: Online May 2015. In print December 2015.
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KUSSAINOVA, Ademi, Madina RAKHIMBERDINOVA, Oxana DENISSOVA, Gauhar TASPENOVA, and Medet KONYRBEKOV. "Improvement of Technological Modernization Using Behavioral Economics." Journal of Environmental Management and Tourism 9, no. 7 (March 3, 2019): 1470. http://dx.doi.org/10.14505//jemt.v9.7(31).11.
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The purpose of this publication is to explain the applying of behavioral economics tools in the process of the technological upgrading of the Republic of Kazakhstan to be implemented. We need to: define the concept of behavioral economics; to reveal and describe in what way tools of behavioral economics may be applied, their nature and impact in the process of technological upgrading on the types of management; to understand and explain three principles of decision-making, the algorithm to make choice by people, profitable and unprofitable choices. Two main types of a feedback are provided and explained: reinforcing and balancing feedback.
In this article, it is required to find out what solutions are necessary for a post-industrial economy, what is constituted by methodological tools, which are required to implement the accelerated technological upgrading, and the subjects of organizational support of technological change.
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Schusser, Sandra, and Goran Bostedt. "Green behavioral (in)consistencies: are pro-environmental behaviors in different domains substitutes or complements?" Environmental Economics 10, no. 1 (June 20, 2019): 23–47. http://dx.doi.org/10.21511/ee.10(1).2019.03.
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Households’ consumption patterns and behaviors have profound influence on natural resources and environmental quality. This paper explores whether environmental behaviors and willingness to pay (WTP) in the household domains transport, energy consumption and water consumption are substitutes or complements. Using a cross-country data set from the Organization for Economic Cooperation and Development Survey on Environmental Attitudes and Behavior from 2008, a random-effects (ordered) probit model is used to answer this question for the following countries: Australia, Canada, France, Mexico, Italy, and South Korea. It is found that in most countries, actual environmental behaviors are substitutes, while WTP for environmental public goods in different domains is mostly complementary. Grounding in these results, policies aiming to encourage overall environmentally friendly lifestyles should therefore be all-encompassing of several public domains, instead of individual ones, to avoid the risk of negative spillovers.
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Dohmen, Thomas. "Behavioral labor economics: Advances and future directions." Labour Economics 30 (October 2014): 71–85. http://dx.doi.org/10.1016/j.labeco.2014.06.008.
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Neilson, William S. "Lessons from a behavioral economics success story." Journal of Economic Behavior & Organization 73, no. 1 (January 2010): 62–64. http://dx.doi.org/10.1016/j.jebo.2008.10.016.
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Grüner, Sven. "Sample Size Calculation in Economic Experiments." Jahrbücher für Nationalökonomie und Statistik 240, no. 6 (February 27, 2020): 791–823. http://dx.doi.org/10.1515/jbnst-2019-0020.
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AbstractClinical studies and economic experiments are often conducted with randomized controlled trials. In clinical studies, power calculations are carried out as a standard. But what’s about economic experiments? After describing the basic idea of the calculation procedure in a brief tutorial, I tackle the practice of sample size calculations in the field of experimental economics by considering the publications of 5 economic journals in the period 2000–2018. These are two top-ranked economic journals (Quarterly Journal of Economics and American Economic Review), the leading field journals in the area of experimental economics (Experimental Economics) and behavioral sciences (Journal of Economic Behavior and Organization), and a leading field journal in environmental economics (Environmental and Resource Economics). In contrast to clinical drug trials, sample size calculations have rarely been carried out by experimental economists. But the number of power calculations has slightly increased in recent years, especially in the top-ranked journals of economics. However, this can be partly explained by the fact that field experiments (in which scholars pay more attention to power analyses than in lab experiments these days) play an important role in these journals.
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Frolova, D. D., P. A. Alexandrova, E. S. Kuznetsova, and T. Yu Korolev. "The Role of Consciousness and the Unconscious in the Economic Behavior of an Individual and an Organization." Scientific Research of Faculty of Economics. Electronic Journal 12, no. 3 (September 28, 2020): 54–77. http://dx.doi.org/10.38050/2078-3809-2020-12-3-54-77.
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Conscious and unconscious play a big role in the economic life of people. With the help of reflections and active thought processes, we determine the tactics and strategy of market behavior, influence the formation of supply and demand, make an alternative choice between goods and services, aim to maximize the utility of consumption, and also make important decisions. However, there are also irrational motives in the actions of the subject. It is very important to understand how conscious and unconscious neural processes affect people’s behavior both in everyday life and in times of crisis and other unstable situations. That is why, such interdisciplinary directions in science as behavioral economics and neuroeconomics, which study the process of economic decision-making, are of great popularity and interest.
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Rodríguez-Sánchez, Alma Maria, and Maria Vera Perea. "The secret of organisation success." International Journal of Emergency Services 4, no. 1 (July 13, 2015): 27–36. http://dx.doi.org/10.1108/ijes-09-2014-0018.
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Purpose – The concept of the “resilient organisation” has gained popularity as a concept that might aid organizations survive and thrive in difficult or volatile economic times. Knowing which factors may contribute to building organizational and team resilience is one of the questions that still remain unsolved. The purpose of this paper is to examine and review different conceptualisations of this emergent topic in the management literature, taking into account the common features of resilience capacity in organizations and teams. Design/methodology/approach – To examine the literature on resilience, the authors will focus on team resilience. The authors depart from the psychological-behavioral approach to study resilience and instead take a multilevel perspective (i.e. taking into account organizational and team factors). Findings – From a psychological-behavioral point of view the authors posit that there is a lack of research on which factors build team resilience. This review clarifies and relates independent and isolated studies on resilience taking into account the resources both at team and organizational level (i.e. collective efficacy, transformational leadership, teamwork, organizational practices) that build team resilience capacity. Research limitations/implications – Taking into account this review, future studies should analyze empirically the relationship between these factors that build up team resilience. Practical implications – With this review the authors try to provide guidance as to which aspects of the organization both research and practitioners should focus on. Originality/value – In sum, this literature review examines organizational and team factors that may build team resilience from a psychological-behavioral perspective, taking into account the multilevel view.
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Súkeník, Norbert, and Nadežda Jankelová. "Selected Approaches of the Behavioral Economics in Post Pandemic Management." SHS Web of Conferences 115 (2021): 03017. http://dx.doi.org/10.1051/shsconf/202111503017.
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Changes in organizational behavior, decision-making processes, human thinking and action are the subject of an exploration of the increasingly popular behavioral economy. We assume that her knowledge gained from various economic or psychological experiments in recent decades can help managers understand the specifics of human behavior and action. The Covid crisis and the pitfalls it brings pose new challenges for managers. Knowledge of behavioral economics and descriptive approaches to decision making allows us to understand how people act in real conditions. This knowledge can help managers streamline management and become better leaders. The paper deals with the benefits of behavioral economics for managers in the process of “reopening” the economy and its main goal is to highlight the knowledge and solutions of behavioral economics, usable for postpandemic management. To meet the goal, it is necessary to describe the changes and new specifics of the environment affected by the pandemic crisis in the first, theoretical part of the work. After analyzing these changes and evaluating them, we look for the answers offered by behavioral economics in the final part of the paper. Based on the empirically obtained knowledge of mainly foreign authors, we present several examples of their practical application in the newly created management environment.
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Mabry, Sibylle. "Tackling the Sustainability Dilemma: A Holistic Approach to Preparing Students for the Professional Organization." Business Communication Quarterly 74, no. 2 (April 13, 2011): 119–37. http://dx.doi.org/10.1177/1080569911404051.
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Increased knowledge of business sustainability as the basis of a holistic approach to value creation has inspired many managers to integrate ecological and social stewardship into their strategic business innovation plans. However, the coverage of sustainability issues in business courses remains small at many universities. This article illustrates how business communication students can become cognitively, behaviorally, and emotionally involved in the analysis and evaluation of the complex sustainability paradigm via an assignment focusing on sustainability. The approach integrates several levels of learning, stretching students’ cognitive skills and enhancing the emotional competencies and behavioral skills needed to enter high-level business jobs.
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Claeys, An-Sofie, and W. Timothy Coombs. "Organizational Crisis Communication: Suboptimal Crisis Response Selection Decisions and Behavioral Economics." Communication Theory 30, no. 3 (March 4, 2019): 290–309. http://dx.doi.org/10.1093/ct/qtz002.
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Abstract Organizations in crisis often fail to select the optimal crisis response strategy, preferring strategies that avoid short-term losses over the ones that offer long-term gains. This article proposes a descriptive theory of behavioral crisis communication that uses principles of behavioral economics to explain the recurrence of suboptimal anomalies found in crisis communication. Based on decision-making literature we first argue that the distinct context in which crisis communication takes place (e.g., time pressure, information overload) determines whether or not decisions are made in an analytical or an intuitive manner. Behavioral economics further allows us to explain how intuitive decisions can sometimes be biased by heuristics, which can result in the choice for a suboptimal crisis response strategy in the heat of the moment.
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Cherrier, B. "Rationalizing Human Organization in an Uncertain World: Jacob Marschak, from Ukrainian Prisons to Behavioral Science Laboratories." History of Political Economy 42, no. 3 (September 1, 2010): 443–67. http://dx.doi.org/10.1215/00182702-2010-020.
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Asci, Mehmet Saim. "Providing an Efficient Organization Structure and Company Culture by Embedding Group Dynamic Consciousness." International Journal of Research in Business and Social Science (2147-4478) 5, no. 6 (October 20, 2016): 62–69. http://dx.doi.org/10.20525/ijrbs.v5i6.623.
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As being a psychosocial creature, the human composing the organization has series of behavioral talents like feeling, idea, desire, ambition, hope and fear. Humans, besides their technical abilities, bring their hopes and concerns, their life philosophy, all exclusive behaviors with them to organizations where they belive they realize their porsonel hopes and desires and establish cooperation. As aresult, established organization has social, human structural property including different personal ideas and behaviors. It was understood that, humans in the organization do not always behave according to rules, which were set by management, and the economical human logic. Human behave in accordance with their emotions and feeling. Because organizations can not satisfy all needs of humans by assigning formal tasks and physical facilities. As a result of these complex reasons generally the members of the organizations, which are established to perform certain official tasks, establish unofficial organizations by developing relations among themselves in order to satisfy their personal needs and feelings. In this study, accepting the value and importance of the official organization, it is desired to tell that unofficial organization is real and important at least the official organization. Becouse at the same time organizations are feelings system, it is beneficial to determine the role of the human in the organization and to regulate the organizationto this fact.
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Crabbe, Margaret J., and Moses Acquaah. "The determinants of service recovery in the retail industry." African Journal of Economic and Management Studies 7, no. 1 (March 14, 2016): 54–74. http://dx.doi.org/10.1108/ajems-10-2014-0072.
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Purpose – Service recovery strategies are efforts used by organizations to bring back dissatisfied customers to a state of satisfaction with the organization. It has been argued that successful service recovery by organizations is dependent on the effectiveness of front line employees. The purpose of this paper is to examine a model of service recovery performance (SRP) of front line employees in the retail industry in Ghana. Design/methodology/approach – The study uses personally administered survey data collected from 136 employees in 20 micro and small retail enterprises in Ghana. Hierarchical multiple regression analysis is used to test the direct and interactive effects of organizational variables such as perceived managerial attitudes and work environment factors on the SRP of front line employees. Findings – The findings indicate that the SRP is influenced by employee empowerment, interaction between customer service orientation and empowerment, interaction between customer service orientation and training for customer service excellence, and the interaction between empowerment and training for customer service excellence. Research limitations/implications – Focussing only on the antecedents of SRP, and using cross-sectional data based on the self-assessments of the front line employees from one country. Practical implications – Empowering front line employees to deal with service failures should be combined with training them in job related and behavioral skills to attend to the needs of customers. Moreover, it is critical to combine perceived customer service orientation with training front line employees in job related and behavioral skills. Originality/value – First study to examine the antecedents of SRP of front line employees in a sub-Saharan African environment. Moreover, study examines the interactive effects of organizational and work environment variables on SRP.
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Salinger, Michael A., Pauline M. Ippolito, and Joel L. Schrag. "Economics at the FTC: Pharmaceutical Patent Dispute Settlements and Behavioral Economics." Review of Industrial Organization 31, no. 2 (November 6, 2007): 85–105. http://dx.doi.org/10.1007/s11151-007-9151-y.
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Hommes, Cars. "Behavioral and Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach." Journal of Economic Literature 59, no. 1 (March 1, 2021): 149–219. http://dx.doi.org/10.1257/jel.20191434.
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This survey discusses behavioral and experimental macroeconomics, emphasizing a complex systems perspective. The economy consists of boundedly rational heterogeneous agents who do not fully understand their complex environment and use simple decision heuristics. Central to our survey is the question of under which conditions a complex macro-system of interacting agents may or may not coordinate on the rational equilibrium outcome. A general finding is that under positive expectations feedback (strategic complementarity)—where optimistic (pessimistic) expectations can cause a boom (bust)—coordination failures are quite common. The economy is then rather unstable, and persistent aggregate fluctuations arise strongly amplified by coordination on trend-following behavior leading to (almost-)self-fulfilling equilibria. Heterogeneous expectations and heuristics switching models match this observed micro and macro behavior surprisingly well. We also discuss policy implications of this coordination failure on the perfectly rational aggregate outcome and how policy can help to manage the self-organization process of a complex economic system. (JEL C63, C90, D91, E12, E71, G12)
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BESHEARS, JOHN, JAMES J. CHOI, DAVID LAIBSON, and BRIGITTE C. MADRIAN. "Behavioral economics perspectives on public sector pension plans." Journal of Pension Economics and Finance 10, no. 2 (April 2011): 315–36. http://dx.doi.org/10.1017/s1474747211000114.
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AbstractWe describe the pension plan features of the states and the largest cities and counties in the U.S. Unlike in the private sector, defined benefit (DB) pensions are still the norm in the public sector. However, a few jurisdictions have shifted toward defined contribution (DC) plans as their primary savings plan, and fiscal pressures are likely to generate more movement in this direction. Holding fixed a public employee's work and salary history, we show that DB retirement income replacement ratios vary greatly across jurisdictions. This creates large variation in workers’ need to save for retirement in other accounts. There is also substantial heterogeneity across jurisdictions in the savings generated in primary DC plans because of differences in the level of mandatory employer and employee contributions. One notable difference between public and private sector DC plans is that public sector primary DC plans are characterized by required employee or employer contributions (or both), whereas private sector plans largely feature voluntary employee contributions that are supplemented by an employer match. We conclude by applying lessons from savings behavior in private sector savings plans to the design of public sector plans.
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Abbade, Eduardo Botti, and Homero Dewes. "Behavioral and societal drivers of an obesogenic environment worldwide." Nutrition & Food Science 45, no. 2 (March 9, 2015): 229–41. http://dx.doi.org/10.1108/nfs-04-2014-0036.
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Purpose – This paper aims to present an ecological study that analyzed the impact of societal and behavioral factors on the obesogenic situation worldwide. The societal variables included urbanization, motorization and educational and economic developments, while the behavioral variables consisted of nutritional intake and insufficient physical activity (IPA). Design/methodology/approach – This investigation was based on official data concerning 99 countries, in the first part of the reference model, and 92 countries, in the second part. The constructs were measured through urban population (per cent), energy/protein/fat supply, expected years of schooling, gross domestic product and gross national income per capita, vehicles per 1,000 inhabitants, average body mass index and IPA level of the populations. Data, obtained through the Food and Agriculture Organization of the United Nations, World Health Organization, World Bank and United Nations, were analyzed mainly through descriptive, factor and multiple regression analyses. Findings – The results suggested that nutritional supply/intake, IPA and educational-level impact significantly and positively on the obesogenic situation (p < 0.01, p < 0.001 and p < 0.001, respectively). In addition, urbanization significantly affects the IPA (p < 0.01). Evidence also suggested that economic development impacts negatively on obesogenic severity (p < 0.01). Originality/value – Developing economies might face severe obesogenic problems in the future, given their limited access to healthy food and their growing urbanization; thus, nutritional intake should not be seen as the main antecedent of the obesogenic environment. This paper provides comprehensive information to policymakers and researchers interested in the severity of the global obesogenic environment.
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Bowser, Diana, Brandy F. Henry, and Kathryn E. McCollister. "An Overlapping Systems Conceptual Framework to Evaluate Implementation of a Behavioral Health Intervention for Justice–Involved Youth." Health Services Insights 12 (January 2019): 117863291985503. http://dx.doi.org/10.1177/1178632919855037.
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Background: Nearly 65% of justice–involved youth have a substance use and/or mental health disorder. Although evidence–based practices have been established for adolescents with co–occurring mental health and substance use disorders, these practices are not widely used in juvenile justice agencies due to environmental and organizational complexities. Methods: Our study builds on Juvenile Justice—Translational Research on Interventions for Adolescents in the Legal System (JJ–TRIALS), a multi–site cooperative research initiative of juvenile justice and partnering behavioral health agencies. We also integrate state and county–level data to support broader assessment of key drivers of implementation success. Results: We present an economics/systems conceptual model describing how the environmental context, systems organization, and economic costs of implementation can affect implementation outcomes. Comparison of intervention condition (Core vs Enhanced) and pre–implementation costs (High vs Low) found differences in insurance reimbursements and types, as well as agency staffing characteristics. Discussion: Implementing new procedures or policies at a systems level must consider implementation outcomes in a broad context. Factors such as population demographics, primary care and behavioral health treatment capacity, unemployment rates, and public funding for treatment and other services are important in determining intervention success and sustainability.
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Kiseleva, I. A., N. E. Simonovich, and I. S. Kosenko. "Features of risks assessment from the position of the behavioral economy." Proceedings of the Voronezh State University of Engineering Technologies 80, no. 2 (October 2, 2018): 415–23. http://dx.doi.org/10.20914/2310-1202-2018-2-415-423.
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The problem of ensuring economic security of the enterprise is undoubtedly actual now as safety of the organization is directly connected with efficiency of functioning of the managing subject. In addition, in Russia there is an acute problem of unfair competition in the market, criminalization of certain segments that force enterprises to take certain measures. The analysis of risks of the enterprise allows to avoid not only essential material losses, but also irreparable damage and even bankruptcy. Economic security is an essential element of business operation and is a complex system of threat management inherent in business activities throughout the life cycle of the enterprise. It ensures achievement of business goals in conditions of competition and economic risk. The aim of the work is to study the main aspects of economic security of the enterprise in the Russian Federation. The object of the study of this work is the enterprise, and the subject – its economic security. The methods of cognition, retrospective and documentary analysis, economic and mathematical modeling, as well as synthesis, generalization, systematization were used as methods in the performance of the work. The efficiency of the enterprise depends not only on internal factors, but also on external: political, economic, geopolitical, environmental, social. The study of their complex influence on the functioning of an organization is the basis of ensuring the economic security of the company. In order to ensure the economic security of the organization, its stable operation and a stable position in the market, it is necessary to manage risks in order to minimize them, as well as mandatory measures to reduce the consequences and losses from risks.
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Plakhin, Andrey, Igor Semenets, Ekaterina Ogorodnikova, and Maria Khudanina. "New directions in the development of neuromarketing and behavioral economics." MATEC Web of Conferences 184 (2018): 04023. http://dx.doi.org/10.1051/matecconf/201818404023.
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The article substantiates the relevance of neuromarketing studies based on an understanding of the basic functional mechanisms of the consumer's nervous system. Such studies include high-precision hardware testing of unconscious human responses to audio-visual or any other stimulus. Neuromarketing is considered as a symbiosis of separate disciplines: psychology and psychophysiology, traditional marketing and economics, neurobiology, econometrics, etc. In the work comparison with traditional marketing researches on such parameters as: objectivity of an estimation of results received during researches is made; also effectiveness of application in practices was investigated; sample for the study is selected; cost of research and interpretation of results are determined. The foreign experience of using neuromarketing technologies and behavioural economics on the example of such organizations as Singapore Airlines, Nike, Starbucks, automotive companies, universities, etc. was studied. Comparison with the Russian level of development of innovative marketing is made. Recommendations are given on the introduction of neuromarketing in the Russian automotive industry using the example of AvtoVAZ. The efficiency and value of carrying out neuromarketing research in the enterprise and the possible economic effect are calculated. The main tasks of modern higher education are marked and innovations in the learning process are proposed.
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Herron, Lanny, and Harry J. Sapienza. "The Entrepreneur and the Initiation of New Venture Launch Activities." Entrepreneurship Theory and Practice 17, no. 1 (October 1992): 49–55. http://dx.doi.org/10.1177/104225879201700106.
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Much of the previous research attempting to relate traits of the entrepreneur to new venture creation has failed to demonstrate a definitive linkage. This failure should not impugn the importance of the individual as the most cogent unit of analysis In entrepreneurship research and theory. On the contrary, since most new organizations are Initiated and created by individuals operating alone or in small teams, it should motivate new ways of modeling and testing the human phenomena involved In venture creation. Accordingly, this paper presents a structural model of the initiation of new venture creation which links psychological and behavioral concepts with those of organization theory to explain the initiation of launch activities for new business enterprises.
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Rochefort, David A. "The Affordable Care Act and the Faltering Revolution in Behavioral Health Care." International Journal of Health Services 48, no. 2 (March 29, 2018): 223–46. http://dx.doi.org/10.1177/0020731417753674.
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Often described in such terms as a “revolution” and a “game-changer” for the behavioral health sector in the United States, the Affordable Care Act has helped to enhance coverage for mental health and substance use disorders while encouraging service system innovations at the organizational level. However, tens of millions of Americans still lack health insurance, insurance companies are resisting the implementation of parity coverage rules, and inequalities in the financing and organization of care continue to worsen in key respects. This article examines these difficulties and their political-economic nature, highlighting the need for a single-payer framework if the task of reform is to be fulfilled.
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Yan, Kegao, Shunhao Lin, and Binbin Ren. "Local Governments’ Strategy for the Development of Social Organizations." China Nonprofit Review 9, no. 2 (December 12, 2017): 225–55. http://dx.doi.org/10.1163/18765149-12341332.
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Abstract In recent years, the central government encourages local governments to innovate the system for social organization management propitious to the development of social organizations, but social organizations are double-edged, which can both alleviate the social management pressure of local governments and challenge their authority. Therefore, local governments have to implement the strategy of differential control for managing social organizations. The theory of differential control is an important paradigm for explaining the government-society relationship in China, as it provides a theoretical framework for understanding local governments’ behavioral logic of developing social organizations, but local governments’ specific application and change of the strategy about differential control still need to be further explored. Based on the above observation, by collecting the panel data of 312 prefecture-level cities of China in 2008-2014, we have discovered that local governments, on the whole, have adopted the development strategy of “developing quantity and restraining capability.” They give priority to developing social organizations promoting economic development and social service, but implement strict control over environmental, legal, and international foreign-related organizations affecting the realization of economic goals or political stability. With a more developed economy and better fiscal revenues, a more lenient environment is given to social organizations by local governments, and social organizations are more developed. But the control over environmental social organizations does not change with the changes of economic development or fiscal revenues. This study not only expands the theory of differential control and provides a new understanding of the relations between government and social organizations, but also reveals local governments’ behavioral logic of developing social organizations, which also provides a new perspective for understanding local governments’ behaviors in developing social organizations.
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Averbukh, Roman, Galina Kononova, and Vsevolod Tsiganov. "Operation of transport companies in terms of the sustainable growth of the region." MATEC Web of Conferences 239 (2018): 08013. http://dx.doi.org/10.1051/matecconf/201823908013.
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The article highlights the influence of the regional economic entities on the sustainable growth of the region. The nature of effect of the local conditions on the efficiency of the entrepreneurial activity is determined. The definition of sustainable growth of the region is clarified. Transport organizations are taken as a study subject. The main operational results of transport organizations, that are directly related to the living standards, are identified and classified. The extended algorithm for the correspondence between organizations’ efficiency and growth of the region is developed. Priority factors, that aim to increase the performance of transport companies, are determined. These factors include active use of digital technologies in carriage of passengers and cargo traffic as well as application of principles of behavioral economics in human resource management. Issues of behavioral economics are considered from the standpoint of the problem of growth in labor productivity.
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Sulistiawan, Jovi, Dian Ekowati, and Zainiyah Alfirdaus. "The antecedents of salesperson deviant behavior: the role of work meaningfulness." Problems and Perspectives in Management 18, no. 1 (March 18, 2020): 254–62. http://dx.doi.org/10.21511/ppm.18(1).2020.22.
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Employees tend to engage in certain behavior, either good or deviant. Drawing from control theory, the employees’ behavior will be controlled as the organization can fulfill their needs. The ultimate objective of the study is to examine how Salesperson-Organization Fit will affect job stress and, in turn, salesperson deviant behavior. Besides, this study also examined how employees’ work meaningfulness moderates the relationship between job stress and workplace deviant behavior. This study employed hierarchical regression analysis and moderated regression analysis to test the hypotheses. Using 182 salespeople for both manufacturing and services companies, the results showed that Salesperson-Organization Fit negatively affects three types of deviant behavior: organizational deviance, interpersonal deviance, and frontline deviance. The results of this study also found a mixed result for job stress on deviant behavior. Job stress has a positive effect on organizational (β = 0.092; p &lt; 0.1) and frontline deviance (β = 0.092; p &lt; 0.05), while it has an insignificant effect on interpersonal deviance. Work meaningfulness only moderates the relationship between job stress and organizational deviance. AcknowledgmentThis work was supported by the Faculty of Economics and Business, Universitas Airlangga research grants.
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Parnell, John A., and William ‘Rick’ Crandall. "The contribution of behavioral economics to crisis management decision-making." Journal of Management & Organization 26, no. 4 (December 18, 2017): 585–600. http://dx.doi.org/10.1017/jmo.2017.60.
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AbstractScholarly work in the field of crisis management has flourished in recent years with contributions from numerous disciplines, including strategic management, organizational behavior, public relations, risk management, and disaster management. However, the substantial and prospective applications from behavioral economics – from Herbert Simon to modern theorists – have yet to be systematically integrated into the literature. This paper presents a framework that categorizes applications from behavioral economics along three stages of the crisis management life cycle – crisis preparation, crisis action, and postcrisis. It provides insights for scholars and practitioners into the crisis decision-making process and outlines why ‘less-than-rational’ decision-making approaches often appear in crisis environments.
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Hanna Sawalha, Ihab. "Behavioural response patterns: an investigation of the early stages of major incidents." foresight 20, no. 4 (August 13, 2018): 337–52. http://dx.doi.org/10.1108/fs-12-2017-0073.
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Purpose This paper aims to investigate the different patterns of organizational behavioural responses to major incidents and develop an original classification of these patterns. Design/methodology/approach An extensive literature review was made to investigate the different patterns of behavioural responses to major incidents and then to develop an original classification of these patterns. Several sources of information, such as case studies, technical reports, academic journal articles and organizational internal reports were used. Findings Organizations respond differently to major incidents. This was clear from the different behavioural patterns investigated and identified. Behavioural patterns determine levels of resilience and ability of organizations to overcome and ultimately survive major incidents. Practical implications To promote effective and organized behavioural response patterns to major incidents and improve consistency of responses across the organization, relevant authorities should demonstrate to all private and public enterprises the significance of effective behavioural responses, thus enabling them to better respond to various potential emergencies. Originality/value A number of models of human behaviour have been introduced in the literature to understand how people respond to emergency situations. They each take a different perspective on human behaviour but no single theory has emerged as the leading paradigm. This highlights the complexity of understanding human behaviour in such situations and the need for a better classification of behavioural patterns. To the author’s knowledge, this is one of very few studies to investigate, identify and categorize behavioural response patterns to major incidents. This research is expected to be of a substantial value for those interested in improving organizational behaviour during major incidents, as well as those interested in improving organizational resilience.
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Tewari, Shweta, Rajashree Gujarathi, and K. Maduletty. "Leadership Styles and Productivity." Asian Social Science 15, no. 4 (March 29, 2019): 115. http://dx.doi.org/10.5539/ass.v15n4p115.
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Leadership styles in today’s world is an increasingly complex and a popular organizational dynamic to work upon. Different leadership styles are appropriate in distinct situations. If an inappropriate style is adopted by the leader, it may pose several challenges for the workers, managers and human resources departments in the planning and execution of work in an organization. Similarly, the satisfaction and performance levels of employees also depend upon the leadership styles adopted by corporate leaders. An appropriate leadership style paves way to delivering successful plans for fulfilling the long-term organizational goals. Little is however understood about which leadership style influence employees the most and how leadership behavior lead to acceptable outcomes. This paper reviews some of the current challenges in organizations which are faced by managers and the productivity levels for the same. This research statistically calculates and analyzes the leadership style of 50 respondents and which category they fall into depending upon their behavioral attributes to deal with people through a survey questionnaire of 25 questions. It further helps us conclude which leadership style is the most relevant for highest level of productivity in telecommuting employees and managers. It also gives an insight on managerial behaviors and relationship of employees and managers in a less formal organizational setup.
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AĞIN, Kaya, and Tevhit KAHRAMAN. "ÖRGÜTLERDE MİSYON, VİZYON KAVRAMLARI VE ÖRGÜTLERE OLAN ETKİLERİ." JOURNAL OF INSTITUTE OF ECONOMIC DEVELOPMENT AND SOCIAL RESEARCHES 7, no. 26 (February 20, 2021): 66–84. http://dx.doi.org/10.31623/iksad072606.
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Today, if we can talk about an organization, an enterprise or an institution, we basically mean that we are talking about the foundation, the mission and vision declaration of that enterprise, institution and organization. The mission, which shows what our organization is doing today, is a path to vision that shows what we want to achieve in the future. These are the ultimate plans and tactics put into practice by the organization to reach your strategic goals. In other words, an organization's vision is to tell what it wants to be and do in the future, and its mission is to tell what it is today. At this point, the businesses must have a great mission and vision in order to be able to speak about themselves and have their assets accepted in the global market. In this study, the effects of mission and vision concepts on businesses and organizations are mentioned. In addition, a review of the terms used in the mission and vision declarations of the companies operating in Borsa Istanbul was made. As a result of the research, it was found that firms attach importance to the concepts of creating added value, globalization and sustainability in order to adapt to global economic conditions and market conditions that are focused on leadership and innovation. In addition, it has been determined that businesses attach importance to these behavioral concepts within the framework of the understanding of environment and society.
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Moyson, Stéphane. "Policy learning over a decade or more and the role of interests therein: The European liberalization policy process of Belgian network industries." Public Policy and Administration 33, no. 1 (December 5, 2016): 88–117. http://dx.doi.org/10.1177/0952076716681206.
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When individual actors are involved in a policy process, do they assess and revise their policy preferences according to their interests or are they open to other forms of arguments over time? This study examines the effect of policy actors' interests on policy learning. It is based on a survey conducted in 2012 among 376 Belgian actors (from 38 organizations) involved in the European liberalization policy process of two network industries: the rail and electricity sectors. Borrowing from organizational research and behavioral economics, several hypotheses are drawn from a model of the individual shared by various policy approaches, such as the advocacy coalition framework. A “simple gain scores” approach to the measurement of policy learning is introduced. Regression analyses show that policy actors align their policy preferences with the impacts of policies on their own material well-being (personal interests) and the material prosperity of their organization (organizational interests). This tendency is independent of the importance that policy actors give to their interests in their everyday lives. This suggests that policy actors experience a sort of “interest shift” when they assess their policy preferences over time. This shift, however, exerts a limited influence on policy learning. The theoretical and practical implications are discussed.