Randomisation as a tool for organisational decision-making: a debatable or debilitating proposition?

Gary Dushnitsky, J.P. Eggers, Chiara Franzoni and Florenta Teodoridis

Industry and Innovation, 2023, vol. 30, issue 10, 1275-1293

Abstract: The role of experts has been called into question recently. Scholarly works debate whether expert judgement is given excessive reliance on innovation, science, and entrepreneurial decision-making. Increasingly, there are arguments that managers, founders, and funders would be better off relying on randomisation to a much higher degree. This article sheds light on the integration of randomisation in decision-making, presenting the pros and cons of expert advice, on the one hand, and randomisation, on the other hand. The discussion goes beyond the Expert – Randomisation dichotomy and lays the foundation for thinking about decision-making in the modern era, and specifically the role of Artificial Intelligence. This Version: 5 November 2023

Date: 2023
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DOI: 10.1080/13662716.2023.2281983

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