Arkes, H.R. and C. Blumer, “The Psychology of Sunk Cost,”Organizational Behavior and Human Decision Processes 35, no. 1 (1985): 124–140.

This classic paper describes how past investments of time and effort affect decision making.

Choo, C.W., The Knowing Organization: How Organizations Use Information to Construct Meaning, Create Knowledge and Make Decisions,2nd ed. (New York: Oxford University Press, in press).

Examines how organizations use (and fail to use) information in the context of organizational learning.

Great Britain Board of Banking Supervision and E.A.J. George, Return to an Order of the Honourable the House of Commons Dated 18 July 1995 for the Report of the Board of Banking Supervision Inquiry Into the Circumstances of the Collapse of Barings: House of Common Papers 1994–95 (London: The Stationery Office Books, 1995).

Formal investigation of the bankruptcy of Barings Bank.

Janis, I.L., Groupthink: Psychological Studies of Policy Decisions and Fiascoes (Boston: Houghton Mifflin, 1982).

The seminal work on groupthink with detailed case studies of major policy fiascoes.

Kahneman, D. and A. Tversky, eds.,Choices, Values and Frames (Cambridge, United Kingdom: Cambridge University Press, 2000).

Collection of classic research on prospect theory, including framing effects on risk perception.

Lovallo, D. and D. Kahneman, “Delusions of Success: How Optimism Undermines Executives’ Decisions,”Harvard Business Review 81, no. 7 (July 2003): 56–63.

Discusses the cognitive biases that lead executives to be overconfident and overoptimistic in their decision making.

MacIntosh-Murray, A. and C.W. Choo, “Health Care Failures... To read the complete article, login or sign-up using the form below.

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