TY - CONF AU - Knorr, Karin AU - Auer, Thorsten Fabian AU - Thommes, Kirsten ID - 24330 IS - 1 T2 - Academy of Management Proceedings TI - Is Corruption Imprinted? A Study on Preconditions of Corruption in Post-Communist Countries VL - 2020 ER - TY - JOUR AB - Successful design of human-in-the-loop control sys- tems requires appropriate models for human decision makers. Whilst most paradigms adopted in the control systems literature hide the (limited) decision capability of humans, in behavioral economics individual decision making and optimization processes are well-known to be affected by perceptual and behavioral biases. Our goal is to enrich control engineering with some insights from behavioral economics research through exposing such biases in control-relevant settings. This paper addresses the following two key questions: 1) How do behavioral biases affect decision making? 2) What is the role played by feedback in human-in-the-loop control systems? Our experimental framework shows how individuals behave when faced with the task of piloting an UAV under risk and uncertainty, paralleling a real-world decision-making scenario. Our findings support the notion of humans in Cyberphysical Systems underlying behavioral biases regardless of – or even because of – receiving immediate outcome feedback. We observe substantial shares of drone controllers to act inefficiently through either flying excessively (overconfident) or overly conservatively (underconfident). Furthermore, we observe human-controllers to self-servingly misinterpret random sequences through being subject to a “hot hand fallacy”. We advise control engineers to mind the human component in order not to compromise technological accomplishments through human issues. AU - Protte, Marius AU - Fahr, René AU - Quevedo, Daniel E. ID - 21369 IS - 6 JF - IEEE Control Systems Magazine TI - Behavioral Economics for Human-in-the-loop Control Systems Design: Overconfidence and the hot hand fallacy VL - 40 ER - TY - BOOK AU - Schneider, Martin AU - Sadowski, Dieter AU - Frick, Bernd AU - Warning, Susanne ID - 21566 TI - Personalökonomie und Personalpolitik: Grundlagen einer evidenzbasierten Praxis ER - TY - JOUR AU - Schneider, Martin ID - 18426 JF - Erzähltes Geld: Finanzmärkte und Krisen in Literatur, Film und Medien SN - 978-3-8260-6930-7 TI - Gier und andere Tugenden: Widersprüchliche Bewertungen der Marktwirtschaft ain Oliver Stones "Wall Street" ER - TY - JOUR AU - Meier, Heiko AU - Auer, Thorsten Fabian AU - Sennefelder, Lisa ID - 34861 IS - 1 JF - Journal Gesundheitsförderung für Akteurinnen und Akteure aus Politik, Wissenschaft und Praxis SN - 2195-9552 TI - Der Einfluss von gesundheitsförderlichen Maßnahmen auf die Kommunikationsstrukturen: Nutzen für die Arbeitsproduktivität? ER - TY - JOUR AU - Lübbecke, Silvia AU - Schnedler, Wendelin ID - 25806 JF - Journal of Economics & Management Strategy SN - 1058-6407 TI - Don't patronize me! An experiment on preferences for authorship ER - TY - JOUR AU - Martin, K. D. AU - Kim, J. J. AU - Palmatier, R. W. AU - Steinhoff, Lena AU - Stewart, D. W. AU - Walker, B. A. AU - Wang, Y. AU - Weaven, S. K. ID - 45726 IS - 4 JF - Journal of Retailing TI - Data Privacy in Retail VL - 96 ER - TY - JOUR AU - Payne, A. AU - Steinhoff, Lena AU - Frow, P. AU - Eggert, A. ID - 45727 JF - Industrial Marketing Management TI - Toward a Comprehensive Framework of Value Proposition Development: From Strategy to Implementation VL - 87 ER - TY - JOUR AU - Eggert, A. AU - Frow, P. AU - Payne, A. AU - Steinhoff, Lena ID - 45728 JF - Industrial Marketing Management TI - Understanding and Managing Customer Value Propositions: Introduction to the Special Issue VL - 87 ER - TY - CONF AU - Reimer, T. AU - Steinhoff, Lena AU - Leyer, M. ID - 45742 T2 - 2020 Winter AMA Conference Proceedings, San Diego TI - “Dear Stranger, This Looks Good on You”: The Effect of Ambiguous Interactive Virtual Presence on Store Loyalty in Offline Retailing ER -