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Phrasing and Timing Information Dissemination in Organizations: Results of an Agent-Based Simulation

In: Artificial Economics and Self Organization

Author

Listed:
  • Doris A. Behrens

    (Alpen-Adria Universität Klagenfurt
    Vienna University of Technology)

  • Silvia Berlinger

    (Ilogs AG)

  • Friederike Wall

    (Alpen-Adria Universität Klagenfurt)

Abstract

This paper analyzes how managers suffering from decision-making biases in interrelated decision processes affect the performance of an overall business organization. To perform the analysis, we utilize an NK-type agent-based simulation model, in which decision-making is represented by adaptive walks on performance landscapes. We find that organizational performance holds up well, if the decision problem breaks into disjointed sub-problems. If decisions are, however, highly cross-related between departments, the overall organization’s performance degrades, while both negatively phrasing information and relying more heavily on recently derived information account for an improvement. The effect of positively phrasing information that is relevant for decision-making works towards the same direction, but much more reluctantly. These results cautiously raise doubt about the claim that decision-making should always be as rational as possible.

Suggested Citation

  • Doris A. Behrens & Silvia Berlinger & Friederike Wall, 2014. "Phrasing and Timing Information Dissemination in Organizations: Results of an Agent-Based Simulation," Lecture Notes in Economics and Mathematical Systems, in: Stephan Leitner & Friederike Wall (ed.), Artificial Economics and Self Organization, edition 127, pages 179-190, Springer.
    • Handle: RePEc:spr:lnechp:978-3-319-00912-4_14
    DOI: 10.1007/978-3-319-00912-4_14
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    Citations

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    Cited by:

    1. Stephan Leitner & Doris Behrens, 2015. "On the fault (in)tolerance of coordination mechanisms for distributed investment decisions," 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. 23(1), pages 251-278, March.
    2. Friederike Wall, 2016. "Agent-based modeling in managerial science: an illustrative survey and study," Review of Managerial Science, Springer, vol. 10(1), pages 135-193, January.
    3. Stephan Leitner & Friederike Wall, 2015. "Simulation-based research in management accounting and control: an illustrative overview," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(2), pages 105-129, August.

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