Does *Experience Matter? Examining the Relationship Between Experience and Dynamic Decision -Making Effectiveness Among Professionals
Dane, Erik Ian
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Permalink
https://hdl.handle.net/2142/84563
Description
Title
Does *Experience Matter? Examining the Relationship Between Experience and Dynamic Decision -Making Effectiveness Among Professionals
Author(s)
Dane, Erik Ian
Issue Date
2007
Doctoral Committee Chair(s)
Michael G. Pratt
Department of Study
Business Administration
Discipline
Business Administration
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Business Administration, Management
Language
eng
Abstract
In addition to demonstrating and unpacking the nature of the relationship between experience and dynamic decision-making effectiveness, my findings also account for a range of potential downsides to experience. In particular, I find that, in some instances, experience may lead individuals to become overconfident, ossified in their trial strategies, or burned out. At the same time, I show that there are precautions that professionals may undertake to avoid these risks.
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