Chapter 9 - Learning and Decision Making Flashcards
Learning
relatively permanent change in one’s knowledge/skills that result from experience - impacts decision making
tacit knowledge
learned through experience
explicit knowledge
easily communicated to everyone
operant conditioning
reinforcement
learn by observing the link between our voluntary behaviour and the consequences that follow
- antecedent: conditiona that precedes behaviour
- behaviour: action performed by employee
- consequence: results after behaviour
types of reinforcement
positive, negative, punishment, extinction
extnction: remove positive outcome following an unwanted behaviour
schedules of reinforcement
continous, fixed interval, variable interval, fixed ratio, variable ratio
learning through:
observation
social identity theory
behavioural modelling
socail identity theory
theory that argues that people in organizations learn by observing others
behavioural modeling
repeating the actions we see in others
process of learning
attentional processes to retention processes to production processes to reinforcement
learning goal orientation
learning orientation, performance prove orientation, performance avoid orientation
learning orientation: when building competence is deemend more important than an employee demonstrating competence
per-prove: when employees demonstrate their competence so others think favourably of them
perf-avoid: when employees focus on demonstrating competene so others dont think less of them
decision making
process of generating/choosing from a set of alternative to solve a problem
just bc a decision is made does not mean it is right
- psychological biases and chaotic processes prevent optimal decision making
decision making pitfalls
projection bias, steretype, availability, anchoring, framing, confirmation, representative, contrast effect, commitment escalation
availability bias
letting our decisions weigh more on info that is easier to recall
anchoring bias
letting our attention focus on a single piece of info