M1 - Introduction

Question 1

Evidence-based Mgmt:

• why?
• how?

Answer 1

=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;

Question 2

THEORY

• a good theory
• whats corroborated?
• why so complicated?

Answer 2

• 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

Question 3

What makes a good theory?

1-3

Answer 3

1. Falsifibility (must potentially be wrong)
2. Accuracy (which theory predicts the most)
3. Parsimony ( which theory needs fewer assumptions)

Question 4

Goal of ER in econoics & mgmt?

Answer 4

• developing theories & hypotheses
• testing hypotheses
• predicting economic developments
• measuring the strength of effects

Question 5

typical flaws os urveys

Answer 5

• selection bias

- self-selection / self-report