000			01599pab a2200205 454500
008			140923b0 xxu||||| |||| 00| 0 eng d
040			_cWelingkar Institute of Management Development & Research, Mumbai _aWelingkar Institute of Management Development & Research, Mumbai
041			_aENG
082			_a _bGol
100			_aGoldfarb Avi
245			_aAre All Managers Created Equal?
250			_a5
260			_a _bOct 2009 _c0
300			_a612-622 Pp.
490			_vXLVI
520			_aSome managers are better than others. Using the cognitive hierarchy framework of Camerer, Ho, and Chong (2004), the authors develop a structural econometric model that estimates the level of strategic thinking. In the model, firms with a high level of strategic thinking are more likely to correctly conjecture the expected actions of their competitors. The authors apply this model to decisions by managers at 2233 Internet service providers of whether to offer their customers access through 56K modems in 1997. The model is validated by showing that firms with a higher estimated probability of strategic thinking were more likely to have survived through April 2007. The estimation results show considerable heterogeneity in the degree to which firms behave strategically and suggest that strategic ability affects marketing outcomes; specifically, a simulated increase in strategic ability means that fewer firms offer the technology to their customers.
650			_aStrategic Thinking, Behavioral Game Theory
856			_uhttp://192.168.6.13/libsuite/mm_files/Articles/AR11231.pdf
906			_a33693
999			_c31027 _d31027