Final Exam Review: Class 5, Blindspots

Question 1

Motivated Blindness

Answer 1

When we are focused on a goal, that is all we see

Question 2

Inattentional Blindness

Answer 2

Tendency to overlook information that is right in front of us

Question 3

System 1 Thinking

Answer 3

based on intuition or emotion, quick and effortless

Question 4

System 2 Thinking

Answer 4

Slower, more conscious, logical, and critical

Question 5

Ethical Fading

Answer 5

Ethics fade away when we consider a problem purely a business decision [Incentives mean unethical behavior?]

Question 6

Indirect Blindness

Answer 6

more lenient in our judgement of a person (or business) when an action is delegated to someone else

Question 7

Slippery slope

Answer 7

slow erosion of ethics -> small overlooks can lead to bigger ones

Question 8

In group favoritism

Answer 8

Favor those similar to you, in your group. If you are not in that group, you do not enjoy that advantage

Question 9

Conflict of interest

Answer 9

you favor those who benefit you

Question 10

The Decision making model

Answer 10

1. What are the facts?
2. What are the critical issues?
3. Who are the stakeholders in your decisions?
4. What are the consequences of each alternative?

Question 11

After making a decision

Answer 11

You might run into barriers [reasons and rationalizations -> the objections you hear, and unspoken assumptions you don’t hear]