Learning by Doing in the Newsvendor Problem: A Laboratory Investigation of the Role of Experience and Feedback

By Gary E. Bolton, Elena Katok. Manufacturing & Service Operations Management, 2008

417 citations recorded by the source corpus.

Subfields: Management Information Systems, Management Science and Operations Research, Safety Research

View Paper: https://www.semanticscholar.org/paper/e36c28eb416c18e2f52959e4df36d6150e1aa6b0

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In Management Information Systems

In Management Science and Operations Research

In Safety Research

Citations in the corpus

Behavior in operations management: Assessing recent findings and revisiting old assumptions (2006, background): “Most of the assumptions discussed by Boudreau et al. (2003) fall into this category.”
Individual differences in the newsvendor problem: Behavior and cognitive reflection (2013, background): “Subsequent work has tested different explanations for this average behavior (Kremer et al., 2010; Su, 2008) and examined how this behavior changes with experience and training (Bolton and Katok, 2008; Lurie and Swaminathan, 2009; Bolton et al., 2008).”
Trust in Forecast Information Sharing (2011, background): “Another group considers the newsvendor problem and elicits the difference between the behavior of a single decision maker and the theoretical prediction (e.g., Schweitzer and Cachon 2000, Bolton and Katok 2008, Su 2008).”
Bounded Rationality in Newsvendor Models (2008, methodology): “Readers are referred to Bolton and Katok (2008) for more details on the experimental procedures used in collecting this data.”
Sex, Risk and the Newsvendor (2013, methodology): “We used the same cost parameters and demand distributions used in Bolton and Katok (2008) (Study 1).”
Dual Sales Channel Management with Service Competition (2008, background): “Schweitzer and Cachon (2000) and Bolton and Katok (2008) study behavioral issues associated with the newsvendor problem.”
Bodies of Knowledge for Research in Behavioral Operations (2009, background): “Interestingly enough, this is exactly the pattern which has been observed in experiments on newsvendor orders (Benzion et al. 2007, Bolton and Katok 2008, Schweitzer and Cachon 2000).”
Toward a Theory of Behavioral Operations (2008, background): “Human psychology cannot be changed, but operating systems can be designed in such a way that systematic errors are eliminated, or at least their negative consequences reduced.”