Engineering better decisions: exploring influencing factors - an empirical study

Good decision-making is crucial in product development, particularly during early phases where decisions significantly impact subsequent processes. Previously, the authors identified influencing factors for decisions in the context of product development, including nudges through an extensive literature review. This study focuses on analyzing the improvement in decision quality. Two empirical studies were conducted to investigate the targeted influence of decision-making behavior in product development using influencing factors from behavioral economics. 10 out of 12 identified influencing factors demonstrated potential positive effects in influencing decision-making behavior and fulfilling identified framework conditions, such as unconstrained, transparent, and ethically justifiable use.

Subjects

Behavioral Economics

Decision Quality

Decision-Making

Nudging

Product Development

DDC Class

330: Economics

658.5: Of Production

Publication version

publishedVersion

Lizenz

https://creativecommons.org/licenses/by-nc-nd/4.0/

Name

1-s2.0-S2212827125008212-main.pdf

Size

608.85 KB

Format

Adobe PDF

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Engineering better decisions: exploring influencing factors - an empirical study