Demography, workforce economy, social and economic policy

Predictors of cognitive distortions in managerial decision-making: PCD18 methodology

Economic Annals-XXI

Economic Annals-ХХI: Volume 162, Issue 11-12, Pages: 93-97

Citation information:
Frankovsky, M., & Birknerova, Z. (2016). Predictors of cognitive distortions in managerial decision-making: PCD18 methodology. Economic Annals-XXI, 162(11-12), 93-97. doi: https://doi.org/10.21003/ea.V162-19

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Miroslav Frankovsky
PhD (Psychology),
Associate Professor,
University of Presov in Presov
16 Konstantinova Str., Presov, 080 01, Slovak Republic
miroslav.frankovsky@unipo.sk

Zuzana Birknerova
PhD (Management),
Associate Professor,
University of Presov in Presov
16 Konstantinova Str., Presov, 080 01, Slovak Republic
zuzana.birknerova@unipo.sk

Predictors of cognitive distortions in managerial decision-making: PCD18 methodology

Abstract. Decision-making is one of the most important managerial activities. Effectiveness of decision-making of managers is conditioned by several subjective and objective factors. A significant place among the subjective factors is taken by the issue of cognitive distortions. In relation to conceptualisation and operationalisation of the issue of cognitive distortions, there have been discussions about various sets of issues. One of these sets is linked to the identification and specification of the predictors of cognitive distortions. The report presents the results of an analysis of the extracted factor structure of the PCD18 methodology (Prediction of Cognitive Distortions) which represents the dispositional concept of defining and studying cognitive distortions. The results of the research which was conducted from January to April 2016 on a sample of 494 respondents (121 men and 373 women, working both in the private and the public sector) enable the extraction of a factor structure of the PCD18, as well as the characterisation of the basic psychometric parameters of this methodology. The aforementioned factor structure consists of the following factors: Negative prophecies, Thought-reading, Unsubstantiated conclusions and Argumentation through emotions. The report also includes the complete version of the PCD18 methodology.

Keywords: Cognitive Distortions; Managerial Decision-making; PCD18 Methodology

JEL Classification: J29; J69; Z10

Acknowledgements. Conduction of this research was sponsored by the projects VEGA 1/0706/14 and VEGA – 1/0909/16.

DOI: https://doi.org/10.21003/ea.V162-19

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Received 15.10.2016

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