Success or Bankruptcy: The Relationship between Personal and Goal Orientation and Simulation Performance

Resumen

Computerized business simulations have become popular classroom tools because they give students a hands-on decision making experience in a realistic context. This study finds that two decision making biases, risk tolerance and financial conservatism, influence the success of teams in simulated business competitions. Intervention strategies are suggested to provide support to at-risk teams and to increase learning by all participants.