Type & year
Business Papers · 2017
Business Papers · 2017 · Behavioral Operations · Supply Chains
Overconfident competing newsvendors
Meng Li, Nicholas Petruzzi, Jun Zhang
Management Science 63(8), 2637–2646
Summary
This paper analyzes inventory competition among newsvendors who underestimate demand uncertainty. It shows how overconfidence changes stocking decisions, competitive behavior, and performance relative to unbiased decision makers.
Record
Research theme
Behavioral Operations · Supply Chains
Publication
Management Science 63(8), 2637–2646
Suggested citation
Meng Li, Nicholas Petruzzi, Jun Zhang (2017). Overconfident competing newsvendors. Management Science 63(8), 2637–2646.