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Cognitive Time Distortion as a Source of Risk in Economic Organizations: Conceptual Foundations
Linnaeus University, Faculty of Technology, Department of Informatics.
Linnaeus University, Faculty of Technology, Department of Informatics.
2014 (English)In: Proceedings of the 19th Annual Working Conference of the International Institute for Developmental Ethics (IIDE), Maarssen, the Netherlands: Rozenberg Publishers, 2014, 124- p.Conference paper, Published paper (Refereed)
Abstract [en]

This paper introduces two kinds of risks present in any economic organization: the risk of cognitive time distortion and the risk of economic distortion. These two kinds of risks are related in a complex and non-linear manner, so that the cognitive distortion risk gives rise to the economic distortion risk. By monitoring the cognitive distortion risk, managers may also control the economic distortion risk. Basic conceptual foundations for the conception of these two kinds of risks, originating in unconditional human cognitive time distortion, are elaborated in this paper.

“.. if economic organization is formidably complex, which it is, and if economic agents are subject to very real cognitive limits, which they are, then failures of alignment will occur routinely.” – O.E. Williamson, 1991: 79

Place, publisher, year, edition, pages
Maarssen, the Netherlands: Rozenberg Publishers, 2014. 124- p.
National Category
Business Administration
Research subject
Economy
Identifiers
URN: urn:nbn:se:lnu:diva-40118ISBN: 9789036104203 (print)OAI: oai:DiVA.org:lnu-40118DiVA: diva2:788231
Conference
The 19th Annual Working Conference of the International Institute for Developmental Ethics, 6-9 May, Maarssen, the Netherlands
Available from: 2015-02-13 Created: 2015-02-13 Last updated: 2016-11-21Bibliographically approved

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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
  • text
  • asciidoc
  • rtf