Overconfidence Study guides, Class notes & Summaries

FIN 401 Exam 3 Definitions, Terms, and Concepts (Nixon) | updated Conventional Finance Theory - Assumes people are: 1) Rational 2) Seek to maximize their own welfare Behaviorists - Believe that irrational forces impact behavior Information Processing (Errors) - 1) Forecasting Errors 2) Overconfidence 3) Conservatism 4) Sample Size Neglect and Representativeness Forecasting Error - Too much weight is placed on recent experiences ex) Recently high earnings, if given t...

organizational behaviour the study of what people think, feel, and do in and around organizations social science drawing on other social sciences: psychology, sociology and political science interpretive, descriptive, and prescriptive importance of organizational behaviour understanding yourself, others and power dynamics helps companies to attract and retain employees evidence based management Relies on systematic empirical studies- understanding relationships based on scien...

What are the two parts of an argument? CORRECT ANSWER Premise - claim or claims in an argument that provide the reasons for believing the conclusion Conclusion - the claim for which a premise is supposed to give a reason How does the book define critical thinking? CORRECT ANSWER Rationally evaluating our own and others' thinking. Objective claims CORRECT ANSWER Whether a claim is true or false is independent of whether one thinks it's true or false What is moral subjectivism? CORRECT...

Psychology 120 Exam 3 Cognition - correct answer All of the mental activities associated with thinking, knowing, remembering, and communicating Concepts - correct answer Help simplify thinking through mental grouping or similar objects, events, ideas, or people Algorithm - correct answer Methodical, logical rule or procedure that guarantees a solution to a problem Heuristic - correct answer Simpler strategy that is faster than an algorithm, but is prone to more errors Insight - ...

Intro. to Psychology Final Exam. 1 – 5 EXAM QUESTIONS AND ANSWERS GRADED A LATEST VERSION By testing their predictions with the observational methods of science psychologist are Most clearly relying on - CORRECT ANSWER An empirical approach When Leanne read a newspaper report that drinking orange juice triggers hyperactivity in children, she questioned whether the children's behavior had been assessed using scientifically appropriate methods. Leanne's reaction best illustrates...

Arizona - Learner's Permit Test Question and answers 2024 verified to passHow many feet to the rear must a rearview show? - correct answer 200 ft. How far should a working horn be heard. - correct answer 200 ft. On what vehicles are flashing red lights permitted on the front? - correct answer Emergency Vehicles, school busses and snow removal equipment. When should hazard warning signal lights be activated? - correct answer When your vehicle is stopped on the roadway or should shoul...

Arizona - Learner's Permit Test Question and answers already passed 2024 How many feet to the rear must a rearview show? - correct answer 200 ft. How far should a working horn be heard. - correct answer 200 ft. On what vehicles are flashing red lights permitted on the front? - correct answer Emergency Vehicles, school busses and snow removal equipment. When should hazard warning signal lights be activated? - correct answer When your vehicle is stopped on the roadway or should should...

Arizona - Learner's Permit TestHow many feet to the rear must a rearview show? - correct answer 200 ft. How far should a working horn be heard. - correct answer 200 ft. On what vehicles are flashing red lights permitted on the front? - correct answer Emergency Vehicles, school busses and snow removal equipment. When should hazard warning signal lights be activated? - correct answer When your vehicle is stopped on the roadway or should shoulder of the road. What does defensive drivin...

Robustness - Answer - when more than one frame is needed - the same alternative course of action looks best in all frames - look at the same decision through multiple frames and comes to the same decision Meta- decision - Answer - deciding how to decide - Answers these questions: Which of the four phase of a good decision process deserves the most attention?, Are we solving the right problem?, Who are the people who should be involved in the decision? NOT: Do I have enough confiden...

(1) What stages do groups pass through? 1. Idea generation, implementation and termination. 2. Introduction, high productivity and decline. 3. Initiation, evolution, maturation and decline. 4. Forming, storming, norming, performing and adjourning. (2) How would you describe a work group? 1. A group whose individual efforts result in a performance that is greater than the sum of the individual inputs. 2. A group that primarily interacts to share information and to make decision...