Table 1.

Future research directions for studying nonrational decision-making in organizations

Research directionsKey points
Stewardship theory and decision-making processesConnect stewardship theory to decision-making processes
Impact of contextual factors on decision-makingInvestigate the influence of organizational culture, industry characteristics and societal norms on decision-making processes
Cross-cultural studies on belief systems and decision-makingExamine how different religious traditions and cultural contexts shape beliefs regarding ethical decision-making
Longitudinal research on belief stability and changeStudy the stability and changes in beliefs over time and their influence on decision-making
Beliefs, ethical dilemmas and decision-makingInvestigate the impact of belief systems on organizational ethical dilemmas, such as social responsibility or diversity
Meaningful coincidences and executive decision-makingExplore the long-term effects of meaningful coincidences on executive decision-making
Perception of overestimation, overprecision and overplacementInvestigate the contextual factors that influence the positive perception of these characteristics in decision-making
Managerial adaptability and decision-making in crisis periodsAnalyze the relationship between managerial adaptability and decision-making outcomes in crisis periods
Meaningful coincidences across industries and contextsIncorporate diverse stakeholders’ perspectives and analyze the effects of meaningful coincidences in different industries and contexts
Preference construction and decision opacityExplore how preference construction processes affect decision opacity
Decision opacity across organizational functionsExamine decision opacity within specific functions (e.g. strategy, operations and accounting) to understand nonrational forces’ interaction
Long-term influence of choice architectures on behaviorStudy the sustained impact of legally enshrined choice architectures on behavior over time
Application of choice architectures in different contextsIdentify instances where policymakers use choice architectures to influence behavior
Interplay between nonrational forces and cognitive biasesInvestigate how biases interact with emotional, intuitive or superstitious factors in decision-making
Collective decision-making processes and nonrational forcesExplore the role of nonrational forces within group dynamics and their impact on decision outcomes
Individual differences and susceptibility to nonrational forcesInvestigate the impact of personality traits, cognitive styles and cultural backgrounds on susceptibility to nonrational forces
Integration of AI approaches with nonrational forcesExplore how AI algorithms can incorporate and interact with human biases, intuitions or spiritual beliefs
Ethical implications of nonrational forces in decision-makingExamine the boundary between good influence and manipulative practices in leveraging nonrational forces
Behavioral strategy as a framework for decision-makingEmbrace the interdisciplinary field of behavioral strategy for studying the interplay between rational and nonrational forces
Source: Own elaboration

or Create an Account

Close Modal
Close Modal