Call for Submissions to the PDW: "Behavioral Perspectives into the Economics of Strategy" at AOM 2025
🧠 Overview of PDW
Why do traditional economic models often fall short in explaining real-world strategic decisions? While these models offer robust frameworks for resource allocation, competition, and value creation, they frequently assume rational, utility-maximizing behavior, which don't always hold in practice.
This PDW invites scholars to explore how behavioral perspectives, including cognition, motivation, heuristics, and relational dynamics, can enrich and challenge the foundations of economic theories in strategy. By integrating behavioral insights into established theoretical frameworks such as Behavioral Theory of the Firm, Property Rights Theory, Resource-Based View, Real option Theory, and Transaction Cost Economics, we aim to deepen our understanding of how firms make strategic choices under complexity and uncertainty.
🗓️ Schedule & Location
Date: Saturday, July 26, 2025
Time: 8:30 AM – 11:00 AM (CEST / GMT+2)
Location: Bella Center, Hall B-B2-m5
🧩 Workshop Format
This PDW is divided into two parts.
Part 1: Presentation from Panelists
In the first part, six distinguished panelists will each offer a brief presentation on how behavioral assumptions can enhance or reframe traditional economics-based strategy theories. Their talks will highlight how behavioral perspectives challenge rationalist assumptions and create new opportunities for theoretical advancement. This segment will conclude with an interactive Q&A, allowing on attendees to engage with panelists.
Presentations include:
- Nicolai Foss (Copenhagen Business School): The Importance of Integrating Behavioral Perspectives into Economics of Strategy
- Chengwei Liu (Imperial College London): Behavioral Strategy as Arbitrage: Translating Behavioral Pathologies into Strategic Opportunities
- Dan Elfenbein (Washington University in St. Louis): Behavioral Perspective in Property Rights Theory (PRT)
- J.P. Eggers (New York University): Behavioral Perspective in the Resource-Based View (RBV)
- Michael Leiblein (Ohio State University): Behavioral Perspective in Real Options
- Libby Weber (Michigan State University): Behavioral Perspective in Transaction Cost Economics (TCE)
Part 2: Roundtable Discussions for Paper Development
In the second part, we invite participants to engage in small-group roundtable discussions facilitated by the panelists. Participants will be grouped based on shared theoretical or empirical interests and will receive developmental feedback on their works.
If you would like to participate in this roundtable portion, please submit a proposal / draft by June 30, 2025 and acceptance notifications will be sent by July 7, 2025. (details below).
📩 Submit Your Proposal / Draft
To participate in Part 2 roundtables, please submit your proposal or draft using the form below
📤 https://forms.gle/DpTbmB8fK1zvV9aQ6
🗓️ Submission Deadline: June 30, 2025
We welcome submissions at any stage of development. However, priority will be given to those who submit a working draft. Submissions may include:
- Research motivation and key questions
- Theoretical framing
- Methodological approach
- Preliminary findings
- Key challenges or areas where feedback is sought
Note: You are welcome to attend Part 1 of the PDW (panel presentations and Q&A) without submitting a paper. However, only those who submit via the form will be invited to join the small-group roundtable discussions in Part 2.
If you have any questions about the PDW, please feel free to contact Sandip Bisui (Purdue University, sbisui@purdue.edu ) or Jessica Jeesoo Kim (University of California, Irvine, jeesoo.k@uci.edu )
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Jessica Jeesoo Kim
University of California Irvine
Irvine CA
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Jessica Jeesoo Kim
University of California Irvine
Irvine CA
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