USING BEHAVIORAL ECONOMICS CONCEPTS TO IMPROVE DECISION-MAKING IN THE NAVY PLANNING, PROGRAMMING, BUDGETING, AND EXECUTION PROCESS
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Authors
LeMaster, Grant E.
Subjects
PPBE
PPBE
behavioral economics
organizational behavior
heuristics
program objective memorandum
PPBE
behavioral economics
organizational behavior
heuristics
program objective memorandum
Advisors
Wang, Chong
Date of Issue
2023-12
Date
Publisher
Monterey, CA; Naval Postgraduate School
Language
Abstract
The purpose of this study is to identify potential systematic cognitive biases that may be present in the programming phase of the Navy’s Planning, Programming, Budgeting, and Execution (PPBE) enterprise to inform civilian and military decision-makers involved in the financial management processes and provide recommendations to improve the process in which choices are made regarding Navy financial decisions. The analysis framework is based on behavioral economics (BE) concepts that diverge from traditional economics by incorporating psychological and social influences into explaining economic-based choices. Using behavioral economics to examine the choice mechanisms used by Navy financial programmers provides the basis for recommendations on educating and informing the same programmers on how to make more efficient decisions.
Type
Thesis
Description
Student Thesis (NPS NRP Project Related)
Series/Report No
Department
Organization
Identifiers
NPS Report Number
Sponsors
NPS Naval Research Program
This project was funded in part by the NPS Naval Research Program.
This project was funded in part by the NPS Naval Research Program.
Funder
This research is supported by funding from the Naval Postgraduate School, Naval Research Program (PE 0605853N/2098). https://nps.edu/nrp
Chief of Naval Operations (CNO)
Chief of Naval Operations (CNO)
Format
Citation
Distribution Statement
Approved for public release. Distribution is unlimited.
Rights
This 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.