• Organizational Behaviour
    Nationwide's decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-2007 may have cost the company potential revenue and customer goodwill. Do you think Rommel's quote about making a ''sound business decision'' reveals any perceptual or decision-making biases? Why or why...
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  • Judgment in Managerial Decision Making
    - 1 | |ISQS-5230 - Decision Theory | | ...
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  • Organisational Behaviour
    Natural Disasters and the Decisions that Follow Q1: Insurance companies in the state of Florida earned record profits in 2006, suggesting that Nationwide's decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-2007 may have cost the company potential revenue and customer...
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  • THINKING ABOUT MANAGEMENT ISSUES
    ABOUT MANAGEMENT ISSUES 1. Many biases in judgment and decision making have been demonstrated by research in psychology and behavioral economics. These are systematic deviations from a standard of rationality or good judgment. When managers make decisions they try to be as accurate and effective...
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  • Perception
    Perception and Individual Decision Making K M Kariappa E - 21 What is Perception? A process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment. What's the relevance in OB? Peoples behaviour is based on their perception of what...
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  • Tsoi
    over leveraged – hundreds of banks failed * LTCM – poor decisions and a big failure * These problems stem from cognitive errors, psychological biases and emotions * Traditional finance * 1. People make rational decisions * 2. People are unbiased in their predictions about...
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  • Politics of Performance Appraisal
    scales) being employed throughout the plant. Tom, having his baptism of fire into the process, expressed difficulty especially when one’s personal biases get in the way of the process. Jim spoke about concerns on performance recall and that fine-tuning appraisal could be motivating for one’s subordinates...
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  • The Role of Cognitive Dissonance in Decision Making
    Role of Cognitive Dissonance in Decision Making Introduction When making decisions humans commonly fall victim to errors in logic and reasoning. Since the inception of the study of the mind, psychologists have endeavored to isolate the characteristics and causes of errors in human thinking. Researchers...
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  • Economic
    Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-07 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ‘sound business decision’ reveals any perceptual or decision-making biases? Why or Why not...
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  • Managerial Decision Making
    good managers make bad decisions A Case of International Organizations Working in Tanzania MBA Thesis Vincent B. Mashinji Thesis for the Master’s degree in Business Administration March 2009 ABSTRACT Title: Managerial Judgment: When Good Managers Make Bad Decisions Author: Vincent B. Mashinji...
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  • Factors Influencing the Decision Making Regarding the Individual Investment Behavior: an Assessment
    FACTORS INFLUENCING THE DECISION MAKING REGARDING THE INDIVIDUAL INVESTMENT BEHAVIOR: AN ASSESSMENT CHAPTER 1 Introduction Investor behavior of behavioral finance concentrates on irrational behavior that can affect investment decision and market prices. It attempts to better understand and explain...
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  • The Social Side of Decision Making
    when making conscious decisions. Quite often people worry about what others are thinking about them and not about the subject at hand. It is easy to get caught up in social pressures. It is important to keep a sense of self and not let the group or other individuals influence decisions. Often time’s people...
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  • Introduction to Managerial
    C H A P T E R O N E Introduction to Managerial Decision Making Phar-Mor, Inc., the nation's largest discount drugstore chain, filed for bankruptcy court protection in 1992, following discovery of one of the largest business fraud and embezzlement schemes in U.S. history. Coopers and Lybrand, Phar-Mor's...
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  • Bounded Rationality - a Personal Case Study Reflection
    integrated into any other locomotive project. Theories discussed within this report outline common errors made within the decision making process including bounded rationality, satisficing, thinking traps, biases, communication problems and conflict within teams; it concludes by making recommendations of how...
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  • Objectivity
    always have biases; some will be created by cultural values and others by personal views. The search for objectivity lies in the realm of philosophy along with the search for reality. Even though objectivity can never be reached, people are better at making observations, discoveries, and decisions if they...
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  • “the Relationship Between Customer Loyalty and Customer Satisfaction.”
    Decision making Biases and errors Decision making: When we try to make a good decision, we have to see all aspects positive and negative and all alternates. For the better result we can forecast the result on the base on our positive negative aspects and alternates. On the base of options we can...
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  • Research
    HBR.ORG June 2011 reprint r1106B Before You Make That Big Decision... dangerous biases can creep into every strategic choice. here’s how to find them—before they lead you astray. by Daniel Kahneman, Dan Lovallo, and Olivier Sibony The Big idea The Big Idea 2 Harvard Business Review June...
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  • The Unstructured Problem Usually Faced by the Upper Level Manager
    manager handle the routine decision themselves and let the upper level manager deal with the decision they find unusual or difficult. The table below will shows us the different between programmed and non-programmed decisions. Characteristic Programmed Decision Nonprogrammed Decision Type of problem Structured...
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  • perception
    Based on these concepts, we attribute internal/external causes to individual behavior in the following way: Errors and Biases in Attribution Fundamental Attribution Error The tendency to underestimate the influence of external factors and overestimate the influence of internal factors when...
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  • Invester's Biase
    Economics and Finance Vol. 3, No. 5; October 2011 Behavioral Finance: The Explanation of Investors' Personality and Perceptual Biases Effects on Financial Decisions Sadi Assistant Professor, Financial management Department, Azad Universify, Tehran, Iran Hassan Ghalibaf Asl Assistant Professor, Financial...
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