COGNITIVE BIAS IN DEFENSE FINANCIAL MANAGEMENT: A MARINE CORPS PERSPECTIVE

dc.contributor.advisorCandreva, Philip J.
dc.contributor.authorVanderPlas, Andrew D.
dc.contributor.authorWatson, Michael W.
dc.contributor.departmentDepartment of Defense Management (DDM)
dc.contributor.departmentDepartment of Defense Management (DDM)
dc.contributor.secondreaderGrenhart, Richard
dc.date.accessioned2024-02-19T22:57:07Z
dc.date.available2024-02-19T22:57:07Z
dc.date.issued2023-12
dc.description.abstractCognitive bias can diminish judgment and decision-making in resource management decisions. However, limited cognitive bias research has extended to these decisions in Defense Financial Management (DFM). We conducted a literature review and interviewed senior Marine Corps Financial Managers to examine how biases might affect resource management decisions. We identify some of the ways that cognitive biases can lead to the ineffective allocation of defense resources. We also conducted a literature review on cognitive bias mitigation practices and discuss ways to apply them in the DFM environment. Finally, we provide a practical exercise to expose decision-makers to cognitive bias in DFM by adapting existing cognitive bias exercises and questionnaires.en_US
dc.description.distributionstatementApproved for public release. Distribution is unlimited.en_US
dc.description.serviceMajor, United States Marine Corpsen_US
dc.description.serviceCaptain, United States Marine Corpsen_US
dc.identifier.curriculumcode837, Defense Financial Management
dc.identifier.curriculumcode837, Defense Financial Management
dc.identifier.thesisid39985
dc.identifier.urihttps://hdl.handle.net/10945/72627
dc.publisherMonterey, CA; Naval Postgraduate Schoolen_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.subject.authorcognitive biasen_US
dc.subject.authorheuristicsen_US
dc.subject.authordecision-makingen_US
dc.subject.authorbehavioral economicsen_US
dc.subject.authorfinancial managementen_US
dc.subject.authorresource managementen_US
dc.subject.authorDFMen_US
dc.subject.authorDefense Financial Managementen_US
dc.titleCOGNITIVE BIAS IN DEFENSE FINANCIAL MANAGEMENT: A MARINE CORPS PERSPECTIVEen_US
dc.typeThesisen_US
dspace.entity.typePublication
etd.thesisdegree.disciplineMaster of Business Administrationen_US
etd.thesisdegree.disciplineMaster of Business Administrationen_US
etd.thesisdegree.grantorNaval Postgraduate Schoolen_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.nameMaster of Business Administrationen_US
etd.thesisdegree.nameMaster of Business Administrationen_US
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