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Paperback Dereliction of Operational Expertise: How Self-Efficacy Shapes Decisionmaking - Wargaming Pitting Bankers Against USMC Generals, Confidence Impact on Book

ISBN: 1701278022

ISBN13: 9781701278028

Dereliction of Operational Expertise: How Self-Efficacy Shapes Decisionmaking - Wargaming Pitting Bankers Against USMC Generals, Confidence Impact on

In 1995, LtGen(R) Paul Van Riper pitted bankers against U.S. Marine Corps generals in two contests - a stock exchange simulation and a wargame. The venture capitalists won both exercises, beating standing operational leaders that represented decades of deployment and experience. LtGen(R) Van Riper believed that the money managers success stemmed from resiliency and confidence in ambiguous situations. Learning from this failure, the U.S. Army may be...

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