WGU C484 - Chapter 6 questions with verified
answers
ANCHORING BIAS Ans✓✓✓ is a tendency to fixate on initial information and fail
to adequately adjust for subsequent information.
Attribution Theory Ans✓✓✓ tries to explain the ways we judge people
differently, depending on the meaning we attribute to a behavior.
Attribution theory suggests that when we observe an individual's behavior, we
attempt to determine whether it was internally or externally caused.
That determination depends largely on three factors:
(1) distinctiveness,.
refers to whether an individual displays different behaviors in different situations.
(2) consensus, and .
If everyone who faces a similar situation responds in the same way,
(3) consistency..
. Does the person respond the same way over time?
AVAILABILITY BIAS Ans✓✓✓ is our tendency to base judgments on readily
available information.
, behavioral ethics Ans✓✓✓ Analyzing how people actually behave when
confronted with ethical dilemmas.
bounded rationality Ans✓✓✓ A process of making decisions by constructing
simplified models that extract the essential features from problems without
capturing all their complexity.
Common Biases and Errors in Decision Making Ans✓✓✓ Overconfidence Bias
Anchoring Bias
Confirmation Bias
Availability Bias
Escalation of Commitment
Randomness Error
Risk Aversion
Hindsight Bias
Common Shortcuts in Judging Others Ans✓✓✓ selective perception, halo effect,
contrast effects, stereotyping
CONFIRMATION BIAS Ans✓✓✓ represents a case of selective perception: we
seek out information that reaffirms our past choices, and we discount information
that contradicts them.
We also tend to accept at face value information that confirms our preconceived
views, while we are skeptical of information that challenges them.
answers
ANCHORING BIAS Ans✓✓✓ is a tendency to fixate on initial information and fail
to adequately adjust for subsequent information.
Attribution Theory Ans✓✓✓ tries to explain the ways we judge people
differently, depending on the meaning we attribute to a behavior.
Attribution theory suggests that when we observe an individual's behavior, we
attempt to determine whether it was internally or externally caused.
That determination depends largely on three factors:
(1) distinctiveness,.
refers to whether an individual displays different behaviors in different situations.
(2) consensus, and .
If everyone who faces a similar situation responds in the same way,
(3) consistency..
. Does the person respond the same way over time?
AVAILABILITY BIAS Ans✓✓✓ is our tendency to base judgments on readily
available information.
, behavioral ethics Ans✓✓✓ Analyzing how people actually behave when
confronted with ethical dilemmas.
bounded rationality Ans✓✓✓ A process of making decisions by constructing
simplified models that extract the essential features from problems without
capturing all their complexity.
Common Biases and Errors in Decision Making Ans✓✓✓ Overconfidence Bias
Anchoring Bias
Confirmation Bias
Availability Bias
Escalation of Commitment
Randomness Error
Risk Aversion
Hindsight Bias
Common Shortcuts in Judging Others Ans✓✓✓ selective perception, halo effect,
contrast effects, stereotyping
CONFIRMATION BIAS Ans✓✓✓ represents a case of selective perception: we
seek out information that reaffirms our past choices, and we discount information
that contradicts them.
We also tend to accept at face value information that confirms our preconceived
views, while we are skeptical of information that challenges them.
