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The effect of cognitive diversity on the illustion of control bias in strategic decisions: an experimental investigation

  • By integrating cognitive diversity into debiasing literature, this paper contributes towards opening the black box of executive judgment. Based on information processing theory we iestigate the role of cognitive diversity in strategic decision making. We apply a vignette-based experimental research design to examine the effect of cognitive diversity in teams on decision maker's illusion of control. The results of these experiments provide evidence for a positive influence of high cognitive diversity for debiasing judgment while similarly indicating no such effect for groups with low cognitive diversity. These findings suggest that group composition aspects can play an important role for improving judgment in decision making teams and open promising new avenues for studying debiasing in behavioral strategy research.

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Document Type:Article
Author:Philip Meißner, Torsten WulfORCiD
Center:Center for Strategy and Scenario Planning (CSSP)
Year of Completion:2017
In: European Management Journal, 35 (2017) 4, 430-439 DOI 10.1016/j.emj.2016.12.004