Using Behavioral Economics Concepts to Improve Decision-Making in the Navy Planning, Programming, Budgeting, and Execution Process

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.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 2023
Accession Number
AD1225420

Entities

People

  • Grant E. Lemaster

Organizations

  • Naval Postgraduate School

Tags

Readers

  • Life Cycle Cost Analysis
  • Systems Analysis and Design
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.