the import of their experiences. Leadership & Management Strategy Sales & Marketing Finance Human Resources IT, Production & Logistics Career & Self-Development Small Business Economics & Politics Industries Global Business • “Hindsight bias” causes you to distort reality by realigning your memories of events to jibe with new information. • “Loss aversion” and the “endowment effect” impact how you estimate value and risk. • Your “two selves” appraise your life experiences differently
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Strategic decisions: When can you trust your gut? Nobel laureate Daniel Kahneman and psychologist Gary Klein debate the power and perils of intuition for senior executives. For two scholars representing opposing schools of thought, Daniel Kahneman and Gary Klein find a surprising amount of common ground. Kahneman, a psychologist, won the Nobel Prize in economics in 2002 for prospect theory, which helps explain the sometimes counterintuitive choices people make under uncertainty. Klein, a
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PERSONALITY Psychoanalytic Freud’s psychosexual theory Structure: id (pleasure principle), ego (reality principle), superego (morals, ideals) Levels of awareness: conscious, preconscious, unconscious Development: oral, anal, phallic (Oedipal complex, penis envy), latency, genital Fixations Defense mechanisms - reduce anxiety Repression (primary) Regression Reaction formation Rationalization Displacement Sublimation Projection Denial Neo-Freudians Adler—social, not sexual tensions * Birth order
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Week 6 Lecture 1: Decision Making Individuals Definition of decision making: it is a process of making a choice among several action alternatives. It involves a commitment of resources to some course of action. Assumptions of rational decision making model: Problem clarity: clearly defined and unambiguous Know options: identify all relevant criteria and viable alternatives in an unbiased manner Clear preferences: the criteria and alternatives can be ranked and weighted. Constant preferences:
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Reading 1.3 Jackall, R. (1988) Chapter 4, ‘Looking Up and Looking Around’, in Moral Mazes, Oxford University Press, NY. Abstract In the early sections of “Looking Up and Looking Around” Jackall seeks to explain the reasons behind inadequate decision making processes and ability. The circumstances and environments that cultivate ‘decision-making paralysis’ and a lack of individual decision making ability are explained. Numerous examples and reasons are outlined to communicate a manager’s fear
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PHYCHOLOGY AND EDUCATION RESEARCH DESIGN Name: Institution: Aim The key intentions of this research study are to respond to questions regarding the benefits of psychology and education. Also, the research study will focus on various issues relating to psychology and education as well as disputes regarding the topic.
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government outlined in that most sacred of documents. Today society find it imperative to question to what extent a jury may take these laws and make them their own. That a jury may so easily subject laws created through intense discussion and hindsight to so capricious a dismissal leads to question whether jury nullification, in fact undermines the rule of law imbedded in the American Constitution. Seen in this light it is not strange that the courts in the past and the present have discouraged
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2002 PhD. Core Exam: Part 1 MIS Dept, Univ. of Arizona, Tucson, AZ Tuesday, May 28, 2002 Venue: Room 214, McClelland Hall Time: 9:00 AM – 1:00 PM INSTRUCTIONS: (Please read them carefully before you begin the exam) 1. The exam will begin promptly at 9:00 a.m. and end promptly at 1:00 p.m. No extensions are allowed. 2. This exam consists of 6 questions. You are required to answer all of them. Please allocate roughly 30 minutes per question and leave some time for checking your answers.
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Daniel Walker (1554) What was the short term significance of World War One for Britain’s Empire in India? The First World War (WW1) would prove to embody the climax of British colonial ideologies and strengthen India’s international profile as an evolving nation. The Indian contribution to the war was extraordinary and Gandhi’s conscription efforts for the British Army was based upon the premise of fighting for ‘the good and glory of human civilisation’ – a contrasting attitude to the one displayed
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The Non-Obvious Problem: How the Indeterminate Nonobviousness Standard Produces Excessive Patent Grants Gregory Mandel∗ The dominant current perception in patent law is that the core requirement of nonobviousness is applied too leniently, resulting in a proliferation of patents on trivial inventions that actually retard technological innovation in the long run. This Article reveals that the common wisdom is only half correct. The nonobviousness standard is not too low, but both too high and too
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