{"id":6618,"date":"2018-05-25T10:38:21","date_gmt":"2018-05-25T08:38:21","guid":{"rendered":"https:\/\/www.productdevelopment.se\/?p=6618"},"modified":"2018-06-26T19:47:48","modified_gmt":"2018-06-26T17:47:48","slug":"on-knowledge-maturity-and-biased-nature-of-staged-decision-making-in-a-high-consequence-industry","status":"publish","type":"post","link":"https:\/\/www.productdevelopment.se\/on-knowledge-maturity-and-biased-nature-of-staged-decision-making-in-a-high-consequence-industry\/","title":{"rendered":"On knowledge maturity and biased nature of staged decision making in a high consequence industry"},"content":{"rendered":"

ABSTRACT<\/strong><\/h3>\n

This paper explores and problematizes decision-making in a high-consequence industry which is characterized by the stage-gate process. We showcase that decision-makers do not differentiate between the types of knowledge used for modelling decisions and calculation of risks. This makes them susceptible to incorporating cognitive distortions\u2014biases\u2014into the stage-gate process. We conclude by amending the risk for certain kinds of biases with a knowledge maturity framework in order to outline conditions for pragmatic decision making.<\/p>\n

KEYWORDS<\/strong><\/h3>\n
decision making, uncertainty, knowledge maturity, risk management, decision biases<\/div>\n

CITATION<\/strong><\/h3>\n
\n

Svensson, M., Bertoni, A., Lanander, M., On knowledge maturity and biased nature of staged decision making in a high consequence industry, DS92: Proceedings of the DESIGN 2018 15th International Design Conference \/ [ed] Marjanovi\u0107 D., \u0160torga M., \u0160kec S., Boj\u010deti\u0107 N., Pavkovi\u0107 N., The Design Society, 2018. pp. 465-476<\/p>\n

DOI number: https:\/\/doi.org\/10.21278\/idc.2018.0480<\/a><\/p>\n<\/div>\n

DOWNLOAD <\/h3>\n

http:\/\/urn.kb.se\/resolve?urn=urn:nbn:se:bth-16233<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ABSTRACT This paper explores and problematizes decision-making in a high-consequence industry which is characterized by the stage-gate process. We showcase that decision-makers do not differentiate between the types of knowledge used for modelling decisions and calculation of risks. This makes them susceptible to incorporating cognitive distortions\u2014biases\u2014into the stage-gate process. We conclude by amending the risk […]<\/p>\n

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