Midterm Flashcards
Prospect Theory (Framing)
People react to something as a positive or negative depending on how it is framed.
- People avoid risk when a positive frame is presented but seek risks when a negative frame is presented.
Conformity is more likely when:
- The judgment is public
- The judgment is unanimous
- The person conforming is uncertain
- The person conforming admires the group
- The person conforming is not in a position of power
How to reduce Escalation of Commitment?
- Set a limit to your commitment beforehand
- Separate initial decision maker from subsequent decisions
- Shift focus of attention away from losses and more towards gains
- Provide positive feedback judiciously that aren’t relevant to the decision made
Tailor the message (influence)
Use different approaches and facts and way of speaking depending on who you’re talking to
Developing your network
- New activities
- Doing favors
- Asking for advice
- shows respect for their opinion
- signals humility and enhances like ability
- opportunity for self promotion
- induces perspective taking
If you are in the Minority:
- Vote privately
- Use unanimous rule
- Slow the decision process
- Question and seed doubt
Ex. 12 Angry Men
Alternate Selves: trade offs in values
- Passionate vs. pragmatic
- altruistic vs. self-interested
- work vs. family oriented
Brokered Network
Brokers = Connect people who are otherwise unconnected to each other. “Structural holes”
Advantages: Information, opportunities, diverse resources. Power, creativity, reputation
Ex. Paul Revere
How do people influence others?
- Liking
- Due to similarities, in groups, and out groups
Ex. 8 mile
- Reciprocity
- Consistency
- Make commitments active, public, and voluntary - Authority
- Respond to symbol of authority
Ex. fake electric shocks experiment - Scarcity
- Limited time offer, or exclusive club - Social Proof
- We look to the behavior of others to see how we should behave
Ex. Laugh tracks
Foot in the door technique (influence)
Ask for small requests so people agree to larger ones later on.
Ex. People allowed people into their homes after filling out surveys
How to increase Intrinsic Motivation?
Job Characteristics Model:
- Skill variety
- Task identity
- Task significance
- Feedback
- Autonomy
Ex. Google gives time to its employees to work on what they want
Goal-setting theory
- Specific and meaningful (don’t miss the big picture)
- Difficult and attainable
Ex. Southwest Airlines 10 minuet turnaround time
Results-Only Work Environment (ROWE)
Best Buy launched an experiment where people could do whatever they want as long as they got their work done.
Productivity increased, and turnover went down.
What is networking?
Creating a fabric of personal contacts who will provide support, feedback, insight, resources, and information
Get Allies (influence)
- Allies confer legitimacy
- You can go through them to get to others
- They have unique ideas you don’t have