Format:
1 Online-Ressource (23 p)
Series Statement:
Production and Operations Management
Content:
This paper investigates the impacts of transshipment between overconfident newsvendors who perceive the expected outcome of an uncertain event as more certain than it actually is. The conventional wisdom is that transshipment is a risk-pooling strategy for improving newsvendors’ performance. However, we find that overconfident newsvendors can be worse off with transshipment as compared to without transshipment. This result remains when overconfident newsvendors possess other behaviors such as fairness, demand- and supply-side thinking, loss aversion, and demand anchoring. We also utilize data from controlled experiments to demonstrate overconfidence is a robust behavior with transshipment
Note:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 23, 2020 erstellt
Language:
English
DOI:
10.2139/ssrn.3753994
