Generating objectives: Can decision makers articulate what they want?

Published

Journal Article

Objectives have long been considered a basis for sound decision making. This research examines the ability of decision makers to generate self-relevant objectives for consequential decisions. In three empirical studies, participants consistently omitted nearly half of the objectives that they later identified as personally relevant. More surprisingly, omitted objectives were perceived to be almost as important as those generated by participants on their own. These empirical results were replicated in a real-world case study of strategic decision making at a high-tech firm. Overall, our research suggests that decision makers are considerably deficient in utilizing personal knowledge and values to form objectives for the decisions they face. © 2008 INFORMS.

Full Text

Duke Authors

Cited Authors

  • Bond, SD; Carlson, KA; Keeney, RL

Published Date

  • January 1, 2008

Published In

Volume / Issue

  • 54 / 1

Start / End Page

  • 56 - 70

Electronic International Standard Serial Number (EISSN)

  • 1526-5501

International Standard Serial Number (ISSN)

  • 0025-1909

Digital Object Identifier (DOI)

  • 10.1287/mnsc.1070.0754

Citation Source

  • Scopus