The impact of individual expertise and public information on group decision-making.
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Author/sStrunz, Ulrich Gabriel Theodor
Discipline/sAdministración y Dirección de Empresas
Group decision making
Due to growing automatization, and interconnectivity of decision-makers worldwide, global problems with high complexity have to be dealt with by institutions, which not only struggle with financial shortages in doing so, but which also have to cope with changing mindsets, change management, and a lack of experts. Artificial intelligence, and even quantum computers enable new ways of solving problems by supporting experts, but all models are still limited in finding problems. Human decision-makers seem to be gifted with an invaluable skill: being able to overcome routine, and finding hidden information or in other words: finding problems. This might be linked to latest insights from neuroscience, which show that the human brain manifests the uncertainty problem, i.e. that deception potential is immanent. Even large amounts of data will fail to predict human behavior due to their valance weighting bias. Models running on “Big Data” then interpret deviations from past behavioral patter...