Learning by Doing in the Newsvendor Problem: A Laboratory Investigation of the Role of Experience and Feedback
通过实验室实验研究报童库存问题中的干中学现象,发现决策者倾向于以平均需求为锚点,而经验和反馈的组织方式显著影响库存优化水平。
We investigate learning by doing in the newsvendor inventory problem. An earlier study observed that decision makers tend to anchor their orders around average demand and fail to adjust sufficiently toward the expected profit-maximizing order. Principles of behavioral theory suggest some relatively simple interventions into the decision maker's experience and feedback that might improve performance, and these guide our investigation. The results imply that the institutional organization of experience and feedback may have a significant influence on whether inventory is stocked optimally.