THE ANCHORING EFFECT IN THE CONTEXT OF STRATEGIC INVESTMENT DECISION MAKING
Andreas Stoller
Pages: 210-220
Published: 8 Oct 2022
Views: 572
Downloads: 33
Abstract: The anchoring effect is discussed in literature as one of the most robust and persistent bias that affects most decisions. Strategic investment decisions are non-routine, complex and uncertain and have a significant impact on the long-term performance. This paper seeks to explore the anchoring effect in the context of contextual factors and process dimensions of the strategic investment decision making by reviewing and analysing literature on anchoring effect and strategic investment decision making. This paper concludes that contextual factor “characteristics of decision makers” and process dimensions “procedural rationality” as well as “intuition” show robust conceptual interdependencies to the anchoring effect.
Keywords: anchoring effect, strategic investment decision making, heuristic, bias, process dimension, contextual factor
Cite this article: Andreas Stoller. THE ANCHORING EFFECT IN THE CONTEXT OF STRATEGIC INVESTMENT DECISION MAKING. Journal of International Scientific Publications: Economy & Business 16, 210-220 (2022). https://www.scientific-publications.net/en/article/1002431/
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