Do Managers have an Illusion of Explanatory Depth in Digitalization?
Type
conference paper
Date Issued
2019-07
Author(s)
Abstract (De)
In this paper we focus on one aspect of managerial overconfidence, the illusion of explanatory depth (IOED). We extend the current research to the question “do managers realize how well they understand digital technologies and their future impact on their business models”. Three experiments with a total of 358 international managers show that there is a significant IOED among managers concerning their understanding of digital technologies. The study also shows that ad-hoc visualizations, like sketches, help to reduce the IOED by making gaps in one’s knowledge explicit and create a disfluency in thought to recognize one’s overestimation of knowledge.
Language
English
HSG Classification
contribution to scientific community
Event Title
TAKE Conference 2019 Theory and Applications in the Knowledge Economy
Event Location
Vienna, AUT
Event Date
3-5 Jul 2019
Subject(s)
Eprints ID
257495
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Name
Paper TAKE_2019 Do Managers have an IOED Eppler_Muntwiler.pdf
Size
376.13 KB
Format
Adobe PDF
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