Heuristic Methods for Updating Small World Representations in Strategic Situations of Knightian Uncertainty

Recent studies on the construction and use of "small world representations" in strategic decision-making under Knightian uncertainty say little about how such representations should be updated over the implementation phase. This paper draws on the psychology of reasoning to take a step tow...

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Veröffentlicht in:	The Academy of Management review 2022-07, Vol.47 (3), p.402-424
Hauptverfasser:	Feduzi, Alberto, Faulkner, Philip, Runde, Jochen, Cabantous, Laure, Loch, Christoph H.
Format:	Artikel
Sprache:	eng
Schlagworte:	Cognition & reasoning Confirmatory bias Counterfactual thinking Decision making Heuristic Psychology Strategic planning Uncertainty
Online-Zugang:	Volltext
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