MGMT 101 Lecture Notes - Lecture 14: Confirmation Bias, Santa Barbara City College, Hindsight Bias
Document Summary
Ethics officer someone trained about matters of ethics in the workplace particular about resolving ethical dilemmas. A decision tree a graph of decisions and possible consequences; used to create a plan to reach a goal. Your expectations about how happy you think your future outcomes will make you can influence your decisions as people expect certain life events to have a much greater emotional effect than in actuality. How do individuals respond to a decision situation. A form of complacency: you either don"t see or disregard the signs of danger(or opportunity: relaxed change manager realises that complete inaction will have negative consequences but opts for the first available alternative that involves low risk. A form of satisficing: defensive avoidance manager can"t find a good solution and follows by (a) procrastinating (b) passing the buck or (c) denying the risk of any negative consequences.
