Managers and Students as Newsvendors

Published Online:https://doi.org/10.1287/mnsc.1120.1550

References

  • Arrow KJ, Harris T, Marschak J. Optimal inventory policy. Econometrica (1951) 19(3):250–272CrossrefGoogle Scholar
  • Ball S, Cech P, Isaac RM. Subject pool choice and treatment effects in economic laboratory research. Research in Experimental Economics (1996) 6(JAI Press, Greenwich, CT) 239–292Google Scholar
  • Benzion U, Cohen Y, Peled R, Shavit T. Decision-making and the newsvendor problem—An experimental study. J. Oper. Res. Soc. (2008) 59(9):1281–1287CrossrefGoogle Scholar
  • Bolton GE, Katok E. Learning by doing in the newsvendor problem: A laboratory investigation of the role of experience and feedback. Manufacturing Service Oper. Management (2008) 10(3):519–538LinkGoogle Scholar
  • Bostian AA, Holt CA, Smith AM. Newsvendor “pull-to-center” effect: Adaptive learning in a laboratory experiment. Manufacturing Service Oper. Management (2008) 10(4):590–608LinkGoogle Scholar
  • Camerer CF, Ho T-H. Experience-weighted attraction learning in normal form games. Econometrica (1999) 67(4):827–874CrossrefGoogle Scholar
  • Cooper DJ, Kagel JH, Lo W, Gu QL. Gaming against managers in incentive systems: Experimental results with Chinese students and Chinese managers. Amer. Econom. Rev. (1999) 89(4):781–804CrossrefGoogle Scholar
  • Croson RTA. The use of students as participants in experimental research. (2010) . BDOM Network. Accessed July 5, 2012, http://www.ombehavior.com/Google Scholar
  • Erev I, Roth AE. Predicting how people play games: Reinforcement learning in experimental games with unique, mixed strategy equilibria. Amer. Econom. Rev. (1998) 88(4):848–881Google Scholar
  • Fréchette GR, Frechette G, Schotter A. Laboratory experiments: Professionals versus students. The Methods of Modern Experimental Economics (2012) (Oxford University Press, Oxford, UK) Google Scholar
  • Ho T-H, Lim N, Cui TH. Reference dependence in multilocation newsvendor models: A structural analysis. Management Sci. (2010) 56(11):1891–1910LinkGoogle Scholar
  • Kahneman D. Maps of bounded rationality: Psychology for behavioral economics. Amer. Econom. Rev. (2003) 93(5):1449–1475CrossrefGoogle Scholar
  • Katok E, Thomas D, Davis A. Inventory service-level agreements as coordination mechanisms: The effect of review periods. Manufacturing Service Oper. Management (2008) 10(4):609–624LinkGoogle Scholar
  • Kremer M, Minner S, Van Wassenhove LN. Do random errors explain newsvendor behavior? Manufacturing Service Oper. Management (2010) 12(4):673–681LinkGoogle Scholar
  • Lurie NH, Swaminathan JM. Is timely information always better? The effect of feedback frequency on decision making. Organ. Behav. Human Decision Processes (2009) 108(2):315–329CrossrefGoogle Scholar
  • Moritz B, Hill AV, Donohue K. Individual differences in the newsvendor problem: Behavior and cognitive reflection. (2011) . Working paper, University of Minnesota, MinneapolisGoogle Scholar
  • Ockenfels A, Selten R. Impulse balance in the newsvendor game. (2012) . Working paper, University of Cologne, Cologne, GermanyGoogle Scholar
  • Ren Y, Croson RTA. Explaining biased newsvendor orders: An experimental study. (2012) . Working paper, University of Texas at Dallas, RichardsonGoogle Scholar
  • Schultz KL, McClain JO, Robinson LW, Thomas J. The use of framing in inventory decisions. (2007) . Working paper, Cornell University, Ithaca, NYGoogle Scholar
  • Schweitzer ME, Cachon GP. Decision bias in the newsvendor problem with a known demand distribution: Experimental evidence. Management Sci. (2000) 46(3):404–420LinkGoogle Scholar
  • Selten R. The chain store paradox. Theory Decision (1978) 9(2):127–159CrossrefGoogle Scholar
  • Su X. Bounded rationality in newsvendor models. Manufacturing Service Oper. Management (2008) 10(4):566–589LinkGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.