In the article for Perpetuum, Vojtech Zíka, Managing Director of the Center for Behavioral Experiments in Prague, answers questions about his job and about application of behavioral sciences. He explained the way of exploring the decission making process in economics and he introduced the new field of evidance-based management. Managers are very often doing important decisions based on their feelings, intuition and their expectations are overoptimistic. The knowledge from behavioral sciences can be used as a tool for making better decisions.
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