GSB- Organizational Behavior
Questions and answers
(verified for accuracy)
Confirmation Bias - answer Seeking out information that supports our
position and ignoring/disputing information that questions our position
Default Bias - answer How something is presented is likely to influence our
behavior (think about the organ donor examples)
Overconfidence - answer The tendency to be more confident than correct
(think about reading on how a little bit of information is dangerous
Loss Aversion - answer People weigh losses or perceived losses with more
weight than gains
Selection Bias - answer We often select on the dependent variable, which
skews results (think SAT to GPA example)
Anchoring Bias - answer Random values can anchor our decisions (also
important for negotiation)
Cognitive Dissonance - answer We feel discomfort when holding
contradictory beliefs, so we must either change our belief or our action to
account for that feeling.
Endowment Effect - answer We add extra value to items we own, and
devalue items others own
Questions and answers
(verified for accuracy)
Confirmation Bias - answer Seeking out information that supports our
position and ignoring/disputing information that questions our position
Default Bias - answer How something is presented is likely to influence our
behavior (think about the organ donor examples)
Overconfidence - answer The tendency to be more confident than correct
(think about reading on how a little bit of information is dangerous
Loss Aversion - answer People weigh losses or perceived losses with more
weight than gains
Selection Bias - answer We often select on the dependent variable, which
skews results (think SAT to GPA example)
Anchoring Bias - answer Random values can anchor our decisions (also
important for negotiation)
Cognitive Dissonance - answer We feel discomfort when holding
contradictory beliefs, so we must either change our belief or our action to
account for that feeling.
Endowment Effect - answer We add extra value to items we own, and
devalue items others own
