Overconfidence bias Samenvattingen, Aantekeningen en Examens

1. The following primary investor personality type may be described as one who is actively involved in his or her own personal finances; their risk tolerance is typically high; and they are often subject to the following: affinity bias, outcome bias, overconfidence, self-control bias, and illusion of control. • accumulators • followers • preservers • independents - correct answer-1. The following primary investor personality type may be described as one who is actively involv...

OAM 330 Exam 1 Questions and Answers 2024 with complete solution What is OB? - Answer ️️ -The science of behavior in work organizations Evidence Based Management - Answer ️️ -1. Relies on systematic empirical studies 2. Belief that behavior isn't random 3. Behavior is predictable - Approaches to learning about OB - Answer ️️ -1. Intuition 2. Experience 3. Systematic study Best sources of information to worst - Answer ️️ -1. Review or synthesis of multiple experimental...

Define perception. how an individual process information and feelings to give meaning to their environment What are three groups of factors that define perception? 1. Perceiver 2. Situation 3. Target Explain the attribution theory. when we observe an individual's behavior we attempt to determine whether it is internally or externally caused Name 3 determinants of attribution. 1. distinctiveness 2. consensus 3. consistency Identify shortcuts people use to make...

What is data science? What do works with? demand? Joins statistics and programming in applied settings (1) Inclusive analysis - Can work with wide variety of data Take unstructured data and find order and value in it High demand for data science - both specialists and generalists Data science Venn Diagram? [Hacking]: - Gather and prepare data - Creativity needed [Math and Stats]: - Choosing procedures to answer procedure - Diagnose problems - Develop and improv...

CCM FINAL Exam 108 Questions with Verified Answers Organizational structure + variables that influence it - CORRECT ANSWER describes the way an institution is organized to carry out its objectives and pursue its projects variables that influence: 1. size 2. business environment 3. internal/external factors forms of organizational structure - CORRECT ANSWER 1. geographic structure 2. functional structure 3. product structure 4. mixed structure 5. matrix structure 6. net...

Introspection - ANSWER-Focusing on inner sensations, images and feelings. Wundt used this approach as did James with the stream of consciousness. Behaviorists - ANSWER-John B. Watson and B.F. Skinner dismissed introspection and redefined psychology as the scientific study of observable behavior. Humanistic Psychology - ANSWER-Rebelled against both Behaviorism and Freudian psychology. Pioneers Carl Rogers and Maslow emphasized the importance of current environmental influences on our grow...

Limits of Rational Analysis Model - Bounded by uncertainty and ambiguity (RAM requires a lot of info and very often, we don't have it all) - Bounded by imperfections of the mind (Limited by the systematic biases that taint the way we gather, process, and evaluate info.) Anchoring People fixate on an initial anchor and then adjust from it. Estimates in the presence of an anchor are too close to that anchor. Adjustments are often insufficient. Potential Defenses to Anchoring Awa...

MAJOR FIELD TEST IN PSYCHOLOGY 2024 210 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Introspection - CORRECT ANSWER Focusing on inner sensations, images and feelings. Wundt used this approach as did James with the stream of consciousness. Behaviorists - CORRECT ANSWER John B. Watson and B.F. Skinner dismissed introspection and redefined psychology as the scientific study of observable behavior. Humanistic Psychology - CORRECT ANSWER Rebelled against both Behaviorism ...

organizational behavior The science of behavior in work organizations. An applied social science that draws on more basic social sciences: psych, sociology, poly sci, economics Involves descriptive, interpretive, and prescriptive science Most important attributes of a job candidate communication, interpersonal skills, the ability to work well in teams Reasons CEOs fail Don't understand the culture of their organization, how they are perceived, how to motivate others Ind...

What is empirical evidence? Evidence arising from systematic testing or experimentation What is the best form of evidence/info. and the worst form of evidence/info.? Best: review or synthesis of multiple experiments and randomized controlled experiments Worst: personal experience and anecdotes Provide an example of when empirical evidence helped a company save money 7/11 wanted to improve service...they randomly assigned 15 stores to a courtesy control group where the clerks no...