Educational effects in an experiment with the management game SINTO-Market |
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Authors: | Otwin Becker Tanja Feit Vera Hofer Ulrike Leopold-Wildburger Reinhard Selten |
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Institution: | 1.University of Heidelberg,Heidelberg,Germany;2.Department of Statistics and Operations Research,University of Graz,Graz,Austria;3.University of Bonn,Bonn,Germany |
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Abstract: | This paper examines how the educational background influences the performance of managers’ strategies. The research is based
on data collected by an experiment with the management game SINTO-Market. This management game puts the players in a competitive
situation in the branded food product sector, within which the subjects take over the role of the managers who have to find
out the most successful strategy. From experimental research with this management game we will draw some interesting conclusions
about human behavior in complex economic decision-making situations. To investigate educational effects the management game
SINTO-Market was performed with students of different educational levels 17 times. The results show some significant differences
between graduates and undergraduates. |
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Keywords: | Education Business decisions Uncertainty Oligopoly Experiment Management game |
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