Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/103676 
Year of Publication: 
2009
Citation: 
[Journal:] BuR - Business Research [ISSN:] 1866-8658 [Volume:] 2 [Issue:] 1 [Publisher:] VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research [Place:] Göttingen [Year:] 2009 [Pages:] 67-84
Publisher: 
VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research, Göttingen
Abstract: 
The development of path-dependent processes basically refers to positive feedback in terms of increasing returns as the main driving forces of such processes. Furthermore, path dependence can be affected by context factors, such as different degrees of complexity. Up to now, it has been unclear whether and how different settings of complexity impact path-dependent processes and the probability of lock-in. In this paper we investigate the relationship between environmental complexity and path dependence by means of an experimental study. By focusing on the mode of information load and decision quality in chronological sequences, the study explores the impact of complexity on decision-making processes. The results contribute to both the development of path-dependence theory and a better understanding of decision-making behavior under conditions of positive feedback. Since previous path research has mostly applied qualitative case-study research and (to a minor part) simulations, this paper makes a further contribution by establishing an experimental approach for research on path dependence.
Subjects: 
complexity
decision-making
lock-in
path dependence
Persistent Identifier of the first edition: 
Document Type: 
Article

Files in This Item:
File
Size
3.71 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.