Analyzing Managers' Judgements and Decisions with an Educational Business Simulation

Resumen

Business simulation has the potential for providing a student with cognitive analyses of his decisions and judgment. With this capability, a simulation can provide personalized training in critical thinking and business decision-making. Realizing this capability requires a simulation that (1) facilitates measuring information and knowledge and (2) relates the tasks demanded of the student to analyzable cognitive functions. This paper presents a simulation satisfying these requirements. It represents the first step in developing personalized, cognitive training in critical thinking and business decision-making.