Consequences of Misspecified Mental Models: Contrasting Effects and the Role of Cognitive Fit

STRATEGIC MANAGEMENT JOURNAL, pp. 2545-2568, 2016.

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Abstract:

Research summary:Mental models, reflecting interdependencies among managerial choice variables, are not always correctly specified. Mental models can be underspecified, missing interdependencies, or overspecified, containing nonexistent interdependencies. Using a simulation model, we find that under- and overspecification have opposite ef...More

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