Businesses are rapidly incorporating artificial intelligence (AI) into operations, particularly to
manage regret bias. Based on a game with three financing options (bank financing …

The equilibrium order quantity of the regretful newsvendors generally presents the pull-to-
center effect, leading to lower profits. This study finds that a target-setting approach which …

Problem definition: Despite extensive research on buyback contracts in supply chain
management, little attention has been given to a direct comparison between a traditional full …

Problem definition: The asymmetric pull-to-center effect for newsvendors is a robust finding
in operations, and understanding why newsvendors make suboptimal decisions is key for …

经理人的决策质量对于实现高效运营管理至关重要. 然而, 在商业实践中, 经理人的决策过程常常
伴随着非理性行为, 并最终导致决策偏差. 决策偏差是企业无法实现高效管理的根本问题 …

We investigate the impact of regret aversion on inventory ordering by tracking subjects'
brainwaves in response to outcome feedback across various newsvendor tasks. Tasks with …

Over the last 25 years, with various case studies and experimental studies, it is now well
established that human decision-makers diverge from the theory when they are making …