Behavioral Experiments in Single-Agent Operational Problems

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

This chapter begins with an introductory section that explains the need for experimental research in humanitarian operations. It then describes the methodology of behavioral experiments, emphasizing randomization and induced valuation. This is followed by a survey of single-agent behavioral experiments in operations management, focusing on newsvendor and forecasting studies. The chapter provides normative benchmarks for prototypical newsvendor and forecasting problems, shows how individuals’ behaviors deviate from such benchmarks and provides suggestions to extend the surveyed results to humanitarian operations. The chapter concludes with a summary of the work.
Original languageEnglish (US)
Title of host publicationDecision-making in Humanitarian Operations - Strategy, Behavior and Dynamics
EditorsSebastián Villa, Gloria Urrea, Jaime Andrés Castañeda, Erik R. Larsen
Place of PublicationSuiza
PublisherBfi Publishing (Palgrave Macmillan)
Chapter6
Pages127-146
Number of pages20
Volume1
Edition1
ISBN (Electronic)978-3-319-91509-8
ISBN (Print)978-3-319-91508-1
DOIs
StatePublished - 2018

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