Describes use of a computerized simulation to study prediction in a complex environment (i.e., bus traffic control). Nature of the task, presentation method, number of repetitions, and length of time taken for prediction were measured. Prediction was significantly affected by all factors except number of repetitions. No learning effect was…

Describes results of a study of business school students that investigated the link between the ability of business simulation team participants to forecast financial and/or market-related outcomes and the actual results of their decision making. Profitability and forecasting errors are discussed, and implications for designing business…