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Essay

VOLVO AS THE COMPANY CAR

Essay specific features

 

Issue:

Business

 

Written by:

Anna D

 

Date added:

December 17, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 1062

 

Was viewed:

4068 times

 

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Essay content:

Representativeness occurs when someone relates a present event to a similar event in our human database or memory. The result is that the decision involving the future event is based on the outcome of the past event. Stereotyping and bias are prevalent results of the decision making process when representativeness is utilized...
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Categorizing and pigeon holing of current events already stored there can result in less than optimal results. We make use of this process on a daily basis usually unconsciously; it not always the best heuristic to base all judgments. Availability heuristic is also apparent. My boss based his decision on the unreliability and value of the purchase of the Volvo in terms of the first thing that came to his mind, his brother in laws experience...
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