PR 605 Lecture 23: Mental ability
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People with higher levels of mental ability can: This means these individuals might be less susceptible to common decision errors. Mental ability seems to help individuals only avoid some of them. Smart people are likely to fall victim to anchoring, overconfidence, and escalation of commitment because being intellectual doesn"t alert you to the possibility of being too confident or too defensive emotionally. Once you are warned about errors in decision making, more intelligent people learn to avoid those errors quicker. The rational model doesn"t acknowledge cultural differences, just as majority of ob research literature on decision making. We need to recognize that the decision maker"s cultural background can influence: The importance put on logic and rationality. Whether decisions in an organization should be made autocratically by a manager or collectively as a group. First, differences in time orientation help us to understand things more. Second, rationality is valued in the us, however, this isn"t necessarily true in other places.