SD
MDA00-221 (44)

MDA00-221 (44) - VARIETY AND ALTERNATE PATTERNS WITH SOME...

Info icon This preview shows page 1. Sign up to view the full content.

VARIETY AND ALTERNATE PATTERNS , WITH SOME MANAGERS RELYING NEARLY COMPLETELY ON THEIR DOMINANT FORM AND OTHERS BEING EXTRA BENDY , DEPENDING ON THE CERTAIN CONCERN . D ETERMINATION -M AKING B IASES AND MISTAKES : M ANAGERS USE EXCLUSIVE STYLES AND RULES OF THUMB ” ( HEURISTICS ) TO WITHOUT DIFFICULTY THEIR DECISION MAKING . S OME OF CHOICE MAKING BIASES AND BLUNDERS ARE : . O VERCONFIDENCE BIAS OCCURS WHEN RESOLUTION MAKERS ARE INCLINED TO FEEL THAT THEY KNOW MORE THAN THEY DO OR MAINTAIN UNREALISTICALLY CONFIDENT VIEWS OF THEMSELVES AND THEIR PERFORMANCE . . I NSTANT GRATIFICATION BIAS DESCRIBES DECISION MAKERS WHO ARE INCLINED TO NEED INSTANT REWARDS AND HINDER INSTANTANEOUS FEES . . T HE ANCHORING
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '12
  • NA
  • BIAS DESCRIBES DECISION, SELECTIVE BELIEF BIAS, CHOICE MAKING BIASES, HINDER INSTANTANEOUS FEES

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern