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T ime is one of the more salient constraints on managerial behavior. This constraint may be very taxing in high-velocity environments where managers have to attend to many tasks simultaneously. Earlier work by Radner (1976) proposed models based on notions of the thermostat or " putting out fires " to guide managerial time and effort allocation among tasks.(More)
O rganizations that go through rare and unusual events, whether they are costly or beneficial, face the challenge of interpreting and learning from these experiences. Although research suggests that organizations respond to this challenge in a variety of ways, we lack a framework for comparing and analyzing how organizational learning is affected by rare(More)
W e extend the variable risk preferences model of decision making to a competitive context in order to develop theory about how competition affects both focus of attention and risk taking. We hypothesize and find support for leader– follower differences in the channeling of attention to an aspiration or survival point. Our results indicate that leaders(More)
The ability to detect a change, to accurately assess the magnitude of the change, and to react to that change in a commensurate fashion are of critical importance in many decision domains. Thus, it is important to understand the factors that systematically affect people's reactions to change. In this article we document a novel effect: decision makers'(More)
  • Pino G Audia, Mary Kate Stimmler, Jack Goncalo, Alex Jordan, Steve Kahl, Dan Levinthal +5 others
  • 2015
Please do not cite or quote without permission of the authors We thank for their comments on earlier versions of this paper Rich D'Aveni, This last version of the paper greatly benefited from comments made by Jerry Davis and Linda Johanson. We also thank Andrew Tyndall for generously giving us access to data on the monthly volume of media coverage of the(More)
Do participants bring their own priors to an experiment? If so, do they share the same priors as the researchers who design the experiment? In this article, we examine the extent to which self-generated priors conform to experimenters' expectations by explicitly asking participants to indicate their own priors in estimating the probability of a variety of(More)
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