Bridging the Gap – Translating Behavioral Economics Research to Daily Practice

April 17, 2024

Speaker: Alison Zabik (Exxon Mobil)

Abstract:

As Decision professionals, we are designers. We craft and shape the elements of decision quality to support decision makers and stakeholders, in pursuit of organizational objectives. Decision professionals are obligated therefore to design and customize decision processes in support of the human needs of the decision maker and in consideration of the organizational behavior context of the enterprise.

This talk will translate behavioral economics literature into a decision quality practice. Focus will be on practical techniques that incorporate academic insights, such as mental accounting, time discounting and choice bracketing, into the day-to-day practice of decision quality. This talk will also briefly touch on organizational context ideas, translating insights from public policy literature to applications of decision quality practice in a multinational oil and gas context.