Juan Williams was a long time NPR daily talk show host, national correspondent and news analyst. He was fired from NPR for comments he made during a television interview with Bill O’Reilly. NPR management charged “His remarks on The O'Reilly Factor this past Monday were inconsistent with our editorial standards and practices, and undermined his credibility as a news analyst with NPR.” I don’t think this was the result of an isolated incident. I view this as the result of long term discord between
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different from that of previous research. It focuses on anchoring bias, a topic that has been characterized by Hirshleifer (2001) as an important part of “dynamic psychology-based assetpricing theory in its infancy” (p. 1535). “Anchoring” describes the fact that, in forming numerical estimates of uncertain quantities, adjustments in assessments away from some initial value are often insufficient. One of the first studies of this cognitive bias is the seminal experiment by Kahneman and Tversky (1974)
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present novel evidence on the prevalence of the common behavioral decision-making errors of present-bias, overoptimism, and information salience among 155 Ugandan HIV patients, and analyze their association with subsequent medication adherence. 36 % of study participants are classified as present-biased, 21 % as overoptimistic, and 34 % as having salient HIV information. Patients displaying present-bias were 13 % points (p = 0.006) less likely to have adherence rates above 90 %, overoptimistic clients
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“Introspection Illusion” Introspection Illusion is defined as a cognitive bias in which people wrongly think they have direct insight into the origins of their mental states, while treating others' introspections as unreliable (Wikipedia). Introspection tends to be the evidence one receives about their self as they look to their own thoughts and feelings, and adding an illusion to this mix adds a misty fog that people look through as they look inward. In this paper I will attempt to show how
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12/19/14 Systematic Traps and Biases in Professional Judgment: Insights from Research in Psychology Douglas F. Prawitt, PhD, CPA Brigham Young University The Emerging Science of Judgment • Rapid change, increased complexity in business • Greater importance of professional judgment The Emerging Science of Judgment • Rapid change, increased complexity in business • Greater importance of professional judgment Fortunate coincidence: A critical mass of insight on human judgment emerging—
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of Phoenix Faculty Material Mass Communication Test Underline the best answer to the following 30 multiple-choice questions. 1. Media criticism a. is the analysis used to assess the effects of media on individuals b. should be based on well reasoned arguments c. can be negative or positive d. all of the above 2. Three reasons American media products dominate the global scene are a. diversity, the English language, and synergy b. freedom of expression, diversity, and big
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Managerial Decision Making (Bazerman, 2009), the two biases that prolonged and strengthened the housing crisis in a significant manner can be seen in the “Ease of recall” bias stemming from the “Availability Heuristic,” as well as the “Anchoring” bias coming from the “Confirmation Heuristic.” Bazerman and Moore define the “ease of recall” bias as one where “individuals judge events that are more easily recalled from memory, based on vividness or recency, to be more numerous than events of equal frequency
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Stock Trak Investment Report [Portfolio Investment Analysis] Portfolio management is an important factor that determines the performance of the portfolio. To perform well in the portfolio, it is not only essential to develop personal investment strategies, but analyzing current financial trend is also vital. Stock Trak is an online portfolio simulation that allows students to try out different investment strategies, and also get a hand on experience in what the real market trading conditions are
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Barriers to Critical Thinking HUM/114 ~Chad Weeks~ Barriers to Critical Thinking One barrier to critical thinking is self-serving biases. Our actions do not need to be rationalized if the motives are good. But, even good motives can lead us into other thinking mentalities that can lead us to undesirable consequences and even pose a threat to our self-esteem. The characteristics of others even post a threat to our self-esteem. These ego threatening situations can cause us to form cognitive
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assessing and explaining data in order to make predictions is referred to as inferential statistics. Knowledgeable consumers understand the value of discerning the veracity of data interpretations, forecasts and recommendations by recognizing sources of bias such as sampling procedures, or misleading questions, margins of error, confidence intervals, and incomplete interpretations. The ramifications of flawed or erroneously interpreted data can be far- reaching. For example, every 10 years
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