ARBUS202 Study Guide - Midterm Guide: Rationality, Fiduciary, Stakeholder Theory

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Distinguish between good outcomes and good decisions. We are comfortable with our preconceptions (biases) We form a particular belief about something. We focus on evidence that proves that we are right to hold that belief. We ignore evidence that suggests that we are wrong to hold that belief. Even though we are susceptible to the same type of error, we think we are the exception. We are comfortable with our preconceptions and we don"t think we need to do the hard. Philosophy is about doing this hard work in a rational (reasoned) way. Giving reasons that support our actions, beliefs, opinions. Philosophy involves argumentation: some of these reasons are moral reasons, argumentation is reason giving. Not all opinions are equal, some opinions are better than others. 1st misconception: it"s a personal thing: some opinions are better than others, insofar as our actions affect the well-being of another person, ethics has something.