Explanatory and predictive power of the adaptive learning model: average and heterogeneous behavior in a newsvendor context
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DOI: 10.1007/s11573-016-0814-8
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- Christian Köster & Heike Schenk-Mathes & Christopher Specht, 2019. "Explanatory power of behavioral models in the newsvendor problem: a simulation study," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 27(2), pages 311-324, June.
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More about this item
Keywords
Adaptive learning; Experimental economics; Individual decision making; Behavioral operations management; Newsvendor problem;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
- M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
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