Week 2 Flashcards

1
Q

what did Langer (1975) publish a paper on?

A

the illusion on control - where she carried out experiments and explored the relationship between skill and luck. where one think they’re acting skilfully but its actually luck/chance
- she then looked at mindlessness and introduced mindfulness as an antidote to the illusion of control

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2
Q

What is the idea of perceived control?

A

A belief… “that one is able to determine one’s internal state and is also able to influence the environment and make positive changes or make some differences in dealing with a negative situation” (Fatemi & Langer 2016, p.132)

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3
Q

how is illusion of control connected to perceived control?

A

With perceived control its a subjective feeling that we are able to influence out environment when we are actually not. it is subjective and related to past successes

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4
Q

what did Langer (1975) find with those trying to obtain a desired outcome?

A

people trying to obtain a desired outcome that occurred independently of their behaviour tended to believe that they were controlling it.
- Langer argued that there is an overlap between skill and luck or chance in relation to success.
- E.g., factors from skill situations – competition, choice, familiarity, involvement – when introduced into chance situations can cause individuals to feel inappropriately confident

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5
Q

what is the difference between skill and luck?

A
  • In skill there is a clear causal link for success between behaviours/decisions and outcomes – a link that is ‘controllable’.
  • With luck or chance, there is no such link and outcomes are ‘uncontrollable’.
  • The problem is that this distinction is not always recognizable by decision makers.
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6
Q

what is the negative side of IOC?

A

we tend to over-estimate our ability to control events; on the positive side, having feelings that we are ‘in control’ contributes to our well being and self esteem, (Langer’s link to ‘mindfulness’).

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7
Q

what did Langer discover with well-being and control in relation to higher levels of perceived control?

A

Higher levels of perceived control usually display less anxiety, stress, boredom and depression.
- Loss of control is anxiety arousing.
- A chronic feeling of not having control is characterized by passivity and giving up in the face of failure

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8
Q

what happens when the illusion of control interferes with the types of decisions we are making?

A

when the subjective feeling of control creates a bias, we become skewed orientated or biased towards the feeling of doing everything
- we are naturally biased towards positivity, we look for causes and effects to find correlation with causalit.
= therefore people approach a chance situation with a skill orientation

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9
Q

what is illusion?

A
  • a mis-perception of a real external stimulus.
  • eg Managers overestimating their ability to achieve outcomes through
    overconfidence
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10
Q

what is delusion?

A

a fixed false belief when evidence shows it not to be true. Such as believing the Earth is flat

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11
Q

when does delusion occur?

A

Where we take beliefs to be ‘knowledge’, the result can be delusion.
* Some delusions are wish-fulfilling beliefs – we WANT to believe something is true

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12
Q

what is Kahneman and Tversky (1979) planning fallacy?

A

a belief that tasks in the future will be completed more quickly and
successfully, than in the past

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13
Q

what is the effect of IOC on individual decision making?

A
  1. illusion of control
  2. underestimation of risks and overconfidence
  3. bias and weak reasoning
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14
Q

what is underestimation of risks and overconfidence?

A
  • More likely in people who have experienced continuous success.
  • Persons in positions of power overestimate their influence
    in forecasting outcomes in situations of uncertainty.
  • Illusions of personal control and influence leads people to lose touch with reality.
  • Thus, decisions are based on overconfidence.
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15
Q

what is bias and weak reasoning?>

A
  • Over-estimate our ability to control outcomes that are due to chance.
  • Over-estimate our ability to accomplish tasks – quantity and quality. (e.g., Planning Fallacy)
  • Tendency to under-estimate other people – their abilities and the value of their contributions
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16
Q

what is self-serving attribution bias?

A
  • where we take credit when its positive and blame external factors when negative
  • ‘locus of control’ can be attributed internally to ability and effort or externally to task difficulty or luck (Weiner et al, 1972)
17
Q

what is good luck?

A

doing better than objective possibilities might suggest

18
Q

what is bad luck?

A

doing worst than objective possibilities might suggest

19
Q

what is over-confidence?

A

believing in a better outcome than objective conditions might suggest

20
Q

what is over-optimism?

A

believing that bad things will not happen to me. most decision failures happen through this as we have the belief that we are less likely to experience a negative event

21
Q

what is illusion of competence?

A

how much of the success is down to skill and how much of it is down to luck
- when working in a team, we see others as a hindrance not help
- success, if repeated tends to confirm our belief in our own competence
- this illusion tells us we cant fail which leads us to forget all the good disciplines of decision-making that made us successful in the first place.
= so we may never learn from our mistakes

22
Q

what is the effect of risk behaviour and poor decisions?

A
  1. Belief they can mitigate negative outcomes through perceived control
  2. Overestimated internal control &
    underestimate (or ignore) external factors
  3. Believe they can do it better
    themselves – poor delegation and teamworking
    4, Resistance to change and poor
    adaptability
  4. Superstitions
22
Q

what is the impact of IOC on decision makers?

A

that decision-makers take bigger risks than the objective situation justifies usually without realising how exposed they have become

23
Q

what are the implications of IOC for practice?

A
  1. Failure to conduct sufficient research
  2. Tendency to under-estimate difficulties
  3. Tendency to under-value contributions others make or would make if only the decision-maker would listen
  4. Embarking upon ventures with little or no prospect of success
  5. Decision over-reach
  6. Complacency produces increased risk of accidents/
24
Q
A