Cognitive reflection and economic order quantity inventory management: An experimental investigation
(2020)
Journal Article
Pan, J., Shachat, J., & Wei, S. (2020). Cognitive reflection and economic order quantity inventory management: An experimental investigation. Managerial and Decision Economics, 41(6), 998-1009. https://doi.org/10.1002/mde.3154
We use laboratory experiments to evaluate the effects of individuals' cognitive abilities on their behavior in a finite horizon economic order quantity model. Participants' abilities to balance intuitive judgment with cognitive deliberations are meas... Read More about Cognitive reflection and economic order quantity inventory management: An experimental investigation.