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Essay

Decision Making - Heuristics & Bias

Essay specific features

 

Issue:

Business

 

Written by:

Elizabeth W

 

Date added:

November 23, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 458

 

Was viewed:

3343 times

 

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Essay content:

This would fall in the A, B, C's of representativeness, specifically, conjunctive fallacy. Relating A (Hispanic) to B (female) to the candidates success or failure as marketing manager violates, as Plous (1993, p. 110) states: "?a fundamental rule of probability. The conjunction, or co-occurrence, of two events? [e...
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110) states: "?a fundamental rule of probability. The conjunction, or co-occurrence, of two events? [e.g., "Hispanic" and "female"] ?cannot be more likely than the probability of either event alone." The third possibility does not seem to me to be a scenario in which heuristics may be applied. There may be violations of legal or corporate ethics that make it impossible to hire this candidate as marketing manager since she has been working for a competitor...
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General issues of this essay:
Decision Making - Heuristics & Bias Ethics in Accounting and Financial Decision Making Ethics in Accounting and Financial Decision Making Ethics in accounting and financial decision making Experience with decision making models Heuristics and decision making theories The Influence of Ethics on Decision Making What is Your Experience with Decision Making Models What is your experience with decision making models? Ethics of Decision Making at Workplace Experience with Decision-Making Models The Impact of Ethics on Decision Making Knowing About Knowledge Heuristics and Bias Ethics in Decision making
 

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