Decision Making 3 Session #3

Decision Making 3 Session #3 - Quiz#3 on Monday Decision...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Decision Making #3 MGMT 371 – Class Session #11 Friday, September 19 th , 2008 Prof. Marc H. Anderson Quiz #3 on Monday A few comments on quiz grading Imagine a job interview with a consulting company Have you explained it correctly to someone who doesn’t know the material? Not whether I can “read” the answer in what you’ve said (I already know the material) The Output Bias “Although both good and bad decisions can lead to successful and unsuccessful outcomes, judges assume that the correlation between good decisions and good outcomes (and bad decisions and bad outcomes) is much higher than it actually is.” – Davies (2003: 244) The Input Bias Defined as “the systematic misuse of input information in judgments of outcome quality.” People “automatically associate input quantity information with output quality … even when people recognize that input information should be irrelevant.” The Input Bias Example: Face time Example: Presentation quality Example: Advertising (“slow brewed” “our employees haven’t taken a vacation in years”) Example: # of patents ( innovative ability) Example: Law firms rewarding # of hours billed (vs. client satisfaction, efficiency) The Input Bias Why does it happen? (1) Because often the relationship between
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/05/2010 for the course MGNT 371 taught by Professor Anderson during the Fall '08 term at Iowa State.

Page1 / 4

Decision Making 3 Session #3 - Quiz#3 on Monday Decision...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online