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The (Beneficial) Role of Informational Imperfections in Enhancing Organisational Performance

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Progress in Artificial Economics

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 645))

Abstract

The paper analyses the effects of imperfect information on organisational performance under the regime of alternative organisational settings. The analysis is based on an agent-based model which is an extended variant of the NK model. In the simulations, fitness measurements are distorted with imperfections according to information asymmetries that are related to differentiation and delegation of decision-making. The results indicate that the effects of informational imperfections on organisational performance subtly interfere with coordination mode, incentives and intra-organisational interactions. The results might throw some new light on imperfect information as in some organisational settings rather insignificant performance losses compared to perfectly informed decision-makers occur, and in some settings imperfect information turn out to be beneficial.

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Author information

Authors and Affiliations

  1. Department of Controlling and Strategic Management, School of Management and Economics, University of Klagenfurt, Klagenfurt, Austria

    Friederike Wall

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  1. Friederike Wall
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Correspondence to Friederike Wall .

Editor information

Editors and Affiliations

  1. , Applied Mathematics, University Ca' Foscari Venice, Cannaregio 873, Venezia, 30121, Italy

    Marco Li Calzi

  2. , Advanced School of Economics, University Ca' Foscari Venice, Cannaregio 873, Venezia, 30121, Italy

    Lucia Milone

  3. , Applied Mathematics, University Ca' Foscari Venice, Cannaregio 873, Venezia, 30121, Italy

    Paolo Pellizzari

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Wall, F. (2010). The (Beneficial) Role of Informational Imperfections in Enhancing Organisational Performance. In: Li Calzi, M., Milone, L., Pellizzari, P. (eds) Progress in Artificial Economics. Lecture Notes in Economics and Mathematical Systems, vol 645. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-13947-5_10

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  • DOI: https://doi.org/10.1007/978-3-642-13947-5_10

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-13946-8

  • Online ISBN: 978-3-642-13947-5

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