Exam 3 Flashcards
Normative approach
Evaluate the alternatives choose the best one, there should be a clear right answer
Bounded rationality
The notion that decision makers do not have the ability or resources to process all available info and alternatives to make an optimal decision
Programed decisons
Automatic, less thought out process, largely based on experience and intuition. Driving to school
Non programed decisions
Result of new, complex situations, problem needs to be solved, should rely on rational decisions making model
Selective perception
Our frame of reference biases how we see things. Small boy with hammer will find everything needs pounding
Projection biases
Assuming everyone else thinks feels and believes the same things we do and assuming our way of thinking wont change over time
Fundamental attribution error
Blame the person not the situation
Self serving bias
Blame the situation not ourselfs
Availability bias: retrievability
Retrieving pieces of info more quickly than other pieces as a result of sharing something in common
Misconceptions of chance
Treating independent events as a series of events and expecting a balanced pattern. If 1&2 had a then 3 wont also
Insensitivity to base rates
When presented with base rate info and specific info we tend to focus on the specific
Insensitivity to sample size
Making decisions based on data from a sample that is too small to be valid
Misunderstanding conjunctive events
We tend to overestimate the likelihood of sucess when looking at events that rely on each other
Framing effects: gains vs losses
People are more accepting of risk and taking action when the outcome is framed negativly; we aviod risk when the outcome is framed positively
Percentage vs absolute amounts
We tend to rely more on percentages than absolute amounts when determining the value of an action
Escalation of commitment
Maintaining commitment to a failing course action despite clear evidence that a negative outcome is imminent
Why does escalation of commitment happen?
Framing, people justify past decisions, competitive irrationality, emotional contagion, we have a difficult time ignoring sunk cost
Emotions and rationality
We compare out outcomes to the outcomes of others and expect equity. Perceptions of injustice=anger=emotion=overrides cognition. We reject the offer to punish the proposer and maintain perceive justice norms even at own expense
Step one to rational decision making
Define a problem issue or choice
Step two to rational decision making
Ifentify all the criteria for success
Step three to rational decision making
Weigh all the criteria
Step 4 to rational decision making
Generate all the potential alternatives
Step 5 to rational decision making
Evaluate each alternative on each criteria
Step 6 to rational decision making
Compute the value or expected calue of each alternative
Step 7 to rational decision making
Choose the alternative with the highest value
Group decision making
Helps eliminate persobal biases, requires gathering of info, needs to consider group vs individual outcomes
Intution
Emotiobal charged judgements thst arise through quick non conscious and holistic associations
When should you use intution?
During a crisis situation
Postive reinforcement
Positive outcome follows a desired behavior
Negative reinforcement
An unwanted outcome is removed following a desired outcome
Punishment
Unwanted outcome follows and unwanted behavior
Extinction
Removal of a conseqence following unwanted behavior
Schedules of reinforcement
Timing of when the contingencies are applied
Emotion and stress
Responses to stimuli that elicit psychological physiological and rediness reactions
Emotions
Discrete shorter intense clear reason
Mood
Diffuse longer less intense unclear reason
Emotional circumplex
Energy and pleasantness
Distributive justice
Fairness based on outcomes. Equity equality needs
Procedural justice
Fairness based on the process. Voice and correctibility consistency bias suppression representativness accuracy
Interpersonal justice
Fairness based on percieved treatment. Respect and propeiety
Informatiobal justice
Faireness based on comminication. Justification truthfulness and method
Treatment
Inconsistent treatment is more stressful than consistently unfair treatment
Stress
A response to demands that depletes a persons capacities or resources
Stressors
Environmental events that triggers stress reponses
Strains
Short term negative effects of stress or stressors
Differences in responding to stress
Stressor event(differential exposure) emotional response (differencial reactivity) response and strain (differential coping)
Hindrance stressors
Demands that are percieved as hindering progress towards accomplishment or goal attainment often met with negative emotions
Challenge stressors
Demands that are percieved as opportunities for learning growth and achievement which can lead to postive emotions
Physiological strain
Backache, physical exhaustion, sleep disturbance, appetite loss
Psychological strain
Fear emotional exhaustion anxiety
Behavioral strain
Withdrawl performance commitment
Problem focused with behavioral approach
Work harder seek assistance acquite additional resources
Emotion focused and behavioral approach
Engage in alternative activitu seek support vent anger
Problem focused with cognitive approach
Strategize self motiveate change priorities