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Two Distinct Exploratory Behaviors in Decisions from Experience: Comment on Gonzalez and Dutt (2011)
Peer reviewed
Direct linkHills, Thomas T.; Hertwig, Ralph – Psychological Review, 2012
Gonzalez and Dutt (2011) recently reported that trends during sampling, prior to a consequential risky decision, reveal a gradual movement from exploration to exploitation. That is, even when search imposes no immediate costs, people adopt the same pattern manifest in costly search: early exploration followed by later exploitation. From this…
Descriptors: Decision Making, Models, Inferences, Sampling
Holzmann, Vered; Mischari, Shoshana; Goldberg, Shoshana; Ziv, Amitai – Learning Organization, 2012
Purpose: This article aims to present a unique systematic and validated method for creating a linkage between past experiences and management of future occurrences in an organization. Design/methodology/approach: The study is based on actual data accumulated in a series of projects performed in a major medical center. Qualitative and quantitative…
Descriptors: Medical Services, Hospitals, Knowledge Management, Identification
