Final Exam LEB 320F - Google Docs - 1 LEB320FFinalExam August30(Classnotes MoralRelativism MoralPluralism ,\/orbad Honesty Transparency Keepingyourword

Final Exam LEB 320F - Google Docs - 1 LEB320FFinalExam...

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Unformatted text preview: 1 LEB 320F Final Exam August 30 (Class notes) Moral Relativism​ ­ “When in rome do as the romans do” People act ethically based on their setting Moral Pluralism​ ­ Focuses on similarities, they are the things that everyone considers good and/or bad ● Honesty ● Transparency ● Keeping your word ● Doing no harm Ethics​ ­ Consist of the study of morality. The exploration of values, standard, reasoning, and judgements September 1 (Class notes) Business Judgment Rule​ ­ In law, allows business people to make bad decisions as long as they do 2 things: ● Act in good faith ● Do not abuse your discretion Analysis when you’re in unethical/legal or ethical/legal zones: 1. Narrowly define issue 2. Identify rules/laws that may apply to the situation 3. Apply the relevant rules to the facts of the situation 4. How we reach our decision a. Following the moral minimum → the best course of action b. Take into account every possible perspective; even if one is devil’s advocate HEURISTICS ​ (September 6 & 8 ­ Class notes) == Fundamental Attribution Error ​ ­ Our tendency to overestimate how ​ situational factors ​ impact our poor decision making and how we tend to underestimate how situational factors affect another’s poor behavior. Ex: you do something stupid but you blame it on the alcohol, someone else who does the same is just a horrible person. Obedience to authority ​ ­ When you’re told to do something wrong and you do it because it came from authority. Need to recognize when the authority figure is leading you the wrong way. Conformity Bias​ ­ As individuals we take our social cues from society around us. Sometimes they are helpful, sometimes they’re not. Just because everybody is doing it doesn't mean you're supposed to do it. Groupthink​ ­ Tendency of a group of people that not only think the same, but also amplify each other's actions and opinions. People have different points of view individually Ex: Riots. Takes one person to get violent and the actions spread because merely its a group. False Consensus Effect​ ­ Tendency to believe that people around you believe as you do Over Optimism ​ ­ An individual's view about the world and that everything will work out in his or her favor Overconfidence ​ ­ Walking around thinking you are the greatest and how you are always going to be ethical Self Serving Bias​ ­ Human tendency to accept info about themselves that is positive and rejecting info that is negative (Select adoption of facts) people purposely seek feedback that is only positive Framing​ ­ We make decisions based on the context of a situation. We (may) not have control of the context so it’s like we don’t have all the correct info Role Morality​ ­ Accepting an action in one situation and not another (Dexter, he kills bad people) Cognitive Dissonance ​ ­ Selective screening out all info you receive and justifying your decision by only the info you already agree with and rejecting info that you don’t Sunk Cost ​ ­ The more we have invested in something the more we will stick with it Tangible and the abstract (Moral Distance)​ ­ The more something hits close to home, the more you are going to care about it Time Delayed Trap​ ­ The sooner the consequences come (good or bad) we consider them more and if the consequences are far into the future, we consider them less Cost Aversion ​ ­ We dislike losses more than we like wins ...
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  • Spring '08
  • BREDESON
  • US., Dexter

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