M1 - Introduction Flashcards
1
Q
Evidence-based Mgmt:
- why?
- how?
A
=Decision aking in organizations based on the bst empirical evidence available
- why? : Evidence helps to make the right decisions under time pressure
- if not: poor-quality decision that waste time and money and risk your company’s future
how?: ask or effucacy of every decision; clarify the logic behind the evidence;
2
Q
THEORY
- a good theory
- whats corroborated?
- why so complicated?
A
- a set of corroborated causal conjecturs
- corroborated = possibly approx. true
- we can never know sth is true –> fasifibility: every good theory uste potentially be wrong
3
Q
What makes a good theory?
1-3
A
- Falsifibility (must potentially be wrong)
- Accuracy (which theory predicts the most)
- Parsimony ( which theory needs fewer assumptions)
4
Q
Goal of ER in econoics & mgmt?
A
- developing theories & hypotheses
- testing hypotheses
- predicting economic developments
- measuring the strength of effects
5
Q
typical flaws os urveys
A
- selection bias
- self-selection / self-report