Table 2

Heuristics in empirical studies organized by intentionality, articulation, sharing, and adoption

PaperDomainHeuristicsIntentArticulationSharingAdoption
Unintentional/ IntentionalNon-articulated/ ArticulatedManager level/ SharedOptional/ Policy

Ambos et al.,2020

internationalization

representativeness, availability

U

N

M

N/A

Bateman and et al., 2017

retirement plans

default heuristic, 1/N

U

N

M

N/A

Caramelli and Carberry, 2016

investing in company stock

representativeness, familiarity

U

N

M

N/A

Chen, 2017

where to invest

availability

U

N

M

N/A

Devers et al., 2007

buy or sell stock option

endowment effect, loss aversion

U

N

M

N/A

Eberhart and Naderer, 2017

to choose eco products

greenwashing

U

N

M

N/A

Eriksson and Kadefors, 2017

rail project design

availability, familiarity

U

N

M

N/A

Graffin et al., 2013

early evaluation of a CEO

anchoring, halo effect

U

N

S

N/A

Hutchinson et al., 2010

budget allocation

anchoring and adjusting

U

N

M

N/A

Jayakumar, 2016

consumer behavior

availability and others

U

N

M

N/A

Johnson and Tellis, 2005

stock trading

hot hand and gambler's fallacy

U

N

M

N/A

Macchi, 2000

statistical inference

base rate fallacy

U

N

M

N/A

Martin et al., 2016

CEO temporal orientation

loss aversion, anchoring

U

N

M

N/A

Miller and Shapira, 2004

option valuation

loss aversion, mental accounting

U

N

M

N/A

Newell et al., 2003

choice between 2 shares

take the best

U

N

M

N/A

Pham and Avnet, 2009

voting on Survivor

affect heuristics

U

N

M

N/A

Phillips, 2017

baseball management

sensitivity to round numbers

U

N

M

N/A

Rusetsky, 2014

pricing

anchoring and adjusting

U

N

M

N/A

Tsay, 2014

assessing orchestras

visual cues

U

N

M

N/A

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