This book presents a novel perspective on financial decision-making. In contrast to many other books in the area the focus is on senior executives and their use of intuitive expertise rather than their use of models and tools. It discusses actors not structures.
The book presents a framework – built on earlier research in the field – that consists of three concepts: intuition, expertise and intuitive expertise. Each concept is presented in a separate chapter that provides the reader with an up-to date review of the latest research. The framework is used and further developed in an empirical interview study of 12 high-performing senior executives. All these executives each have more than 20 years of experience from senior positions in large and successful companies. Thus, the book offers a unique insight into the decision-making of successful executives besides introducing the role of intuitive expertise.
In sum, the book presents the influence of intuition in financial decision-making and how it is successful when combined with expertise. It is suitable for anyone – graduate student, researcher and practitioner – who wants to understand intuitive expertise: what it is, how it works and how it is used when making decisions.