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In our session we did a basic filter on the data to extract the School of Business Awards.
Remember the setup:
We then selected all the results and Copy
Finally Paste into
Education, Training and Hold-up
1 Data on Sorting
Table 2.1 presents some data from con dential personnel records for all management employees in a U.S. rm, over a 20-year period.
Since the data are con dential, it's referred to as Acme.
We use data fro
1. Judgment Under Uncertainty
No matter how much time and energy is spent gathering
information, most choices are made without complete knowledge
about the relevant alternatives. Hence most decisions we make
involve risk or uncertainty; and theres substan
Heuristics in Reasoning
1. Prescriptive vs. Descriptive Theories of Reasoning
Prescriptive theories of reasoning are concerned with
prescribing methods for optimal decision making. They
characterize how people should make decisions and judgments.
Cournot Duopoly Model
The case of Monopoly
Linear Demand Curve:
A linear demand function, written in "slope-intercept" form (i.e. Y = mX + b) is expressed as
p = a bQ
where a is the vertical intercept and b is the slope and Q is the
The Hiring Decision: The Optimal Mix of Workers
Agenda - Optimal worker mix when:
production is independent across worker type and
each type is equally productive.
production is independent across type but with diminishing returns to ea
How to Write a Terms of Reference
What Should Terms of Reference Say?
Terms of Reference need to state clearly and specifically the permitted
and/or possible extent to which an investigation may reach. Thus, the
TRs should enable a p
1 Managing Turnover
One theme of this text: no one best approach that works for all rms.
In the previous 3 chapters we developed an analysis of:
structuring the job offer (pay, probation, and screening for promotion),
The Selection and Sorting of Workers
Once weve decided on the type of worker we want to
hire, we face the question of how to induce workers
of that type to apply.
The basic assumptions (we relax these later):
workers possess better (as