Decision making dyads and judgement overconfidence: Implications for high-risk industries

Gilbey, Andrew; Walmsley, Stephen; Tani, Kazuhide; Reweti, Savern

doi:10.1016/j.apergo.2021.103529

Cited by 5 publications

(2 citation statements)

References 37 publications

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“…The CEO's confidence is critical for hazardous exploratory green innovation activities. According to research on organizational behavior, aggressiveness and overconfidence are associated with the CEOs of many great companies (Hirshleifer et al, 2012;Gilbey et al, 2021;Wang et al, 2022).…”

Section: Research Hypothesismentioning

confidence: 99%

How sustainable business model innovation and green technology innovation interact to affect sustainable corporate performance

Zhou

Pan

Tian

et al. 2023

Front. Environ. Sci.

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Sustainable business model innovation (SBMI) and green technology innovation (GTI) are keys to creating shared social and business value, and both are essential elements of responsible innovation. However, SBMI or GTI is unable to develop a sustainable business. The main purpose of this study is to analyze sustainable dual innovation as a conceptual framework based on the panel data of 1468 Chinese manufacturing A-share listed companies from 2010 to 2020, and it has obtained three essential findings. First, there is a significant matching effect between SBMI and GTI on sustainable corporate performance (SCP). Companies report higher levels of SCP when there is a higher congruence in SBMI with GTI. Secondly, organizations with high SBMI-low GTI realize superior SCP compared to organizations with low SBMI-high GTI. The high SBMI-low GTI becomes an ideal choice for most companies and avoids the “destructive factors” brought by low SBMI-high GTI. Finally, a highly aggressive corporate strategy has a “magnifying effect” on the impact of the combination of SBMI and GTI on SCP. The research provides a comprehensive understanding and collective impact of SBMI and GTI on SCP. Overall, findings provide a theoretical basis for enterprises to decide on the consistency/inconsistency trade-off between SBMI and GTI. Moreover, it encourages to enterprises must develop an aggressive strategy to balance.

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Section: Research Hypothesismentioning

confidence: 99%

How sustainable business model innovation and green technology innovation interact to affect sustainable corporate performance

Zhou

Pan

Tian

et al. 2023

Front. Environ. Sci.

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“…Previous studies have found the anchoring effect can be influenced by confirmation bias (Nickerson, 1998; Wickens & Hollands, 2000), and affective response may be influenced by the framing effect (Finucane et al, 2000). A number of studies have found framing can have a considerable impact on judgments (Goh & Wiegmann, 2001; Tversky & Kahneman, 1981), and group polarization can affect overconfidence (Gilbey et al, 2021). The influence of framing on affect is less well understood; however, framing has been shown to have a strong impact on risk assessment (Walmsley & Gilbey, 2020), which may play on people’s affective response.…”

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confidence: 99%

Interactions With Technology in the Cockpit

Walmsley

Gilbey

2023

Aviation Psychology and Applied Human Factors

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Technological advancements have resulted in significant safety benefits in commercial aviation; however, in general aviation their adoption has been somewhat slow. It is therefore important to understand how pilots interact with technology, particularly in general aviation. This study explored whether the affect heuristic influenced pilots’ perceptions of the benefits and risks of five cockpit technologies available in general aviation, with a particular focus on technologies that may assist weather-related decision-making. Evidence from a series of scenario-based tasks suggests that the perceived risks and benefits of the technology were associated with pilot affect, whereby positive feelings toward a given technology were associated with a lower perceived risk, such as accidentally flying into adverse weather, and higher perceived benefits, such as helping to maintain control while completing concurrent tasks. Findings also suggest that affect and perceived risks can be manipulated by negatively framed prior information. The practical implications of the effect of the affect heuristic on the successful introduction of new technologies and the promotion of safety initiatives in general are discussed.

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Decision made, good feelings fade? How noise and multitasking affect decision confidence and well-being

Syndicus,

Wiese

2024

International Journal of Occupational Safety and Ergonomics

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Decision making dyads and judgement overconfidence: Implications for high-risk industries

Cited by 5 publications

References 37 publications

How sustainable business model innovation and green technology innovation interact to affect sustainable corporate performance

How sustainable business model innovation and green technology innovation interact to affect sustainable corporate performance

Interactions With Technology in the Cockpit

Decision made, good feelings fade? How noise and multitasking affect decision confidence and well-being

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