Question 1

What is a common element found in both bounded rationality and satisficing?

Accepted Answer

A)  Time pressure for decision 
B)  You are forced to act without all information 
C)  Subjectivity and not objectivity is used in both 
D)  They should be considered last resorts of problem solving 
A)  Time pressure for decision 
B)  You are forced to act without all information 
C)  Subjectivity and not objectivity is used in both 
D)  They should be considered last resorts of problem solving

Question 2

How does mental accounting distort our perceptions?

Accepted Answer

A)  Downplay loss 
B)  Emphasize gain 
C)  Both of the above 
D)  None of the above 
A)  Downplay loss 
B)  Emphasize gain 
C)  Both of the above 
D)  None of the above

Question 3

What is the hindsight bias?

Accepted Answer

A)  Changing viewpoints based on new information but not admitting the change 
B)  Changing viewpoints based on new information 
C)  The ability to objectively assess what they should or would have done after the fact (also known as Monday morning quarterbacking) 
D)  Only occurs in situations that end in less than optimal outcomes 
A)  Changing viewpoints based on new information but not admitting the change 
B)  Changing viewpoints based on new information 
C)  The ability to objectively assess what they should or would have done after the fact (also known as Monday morning quarterbacking) 
D)  Only occurs in situations that end in less than optimal outcomes

Question 4

Which improvement has been suggested when addressing complex problems in naturalistic decision making?

Accepted Answer

A)  Base your decision on factors you feel are most important 
B)  Focus on the context of the problem 
C)  Utilize others as a sounding board for your ideas 
D)  Don't eliminate variables to simplify the problem 
A)  Base your decision on factors you feel are most important 
B)  Focus on the context of the problem 
C)  Utilize others as a sounding board for your ideas 
D)  Don't eliminate variables to simplify the problem

Question 5

The last recommendation for improving naturalistic decision making is "decision makers should put less emphasis on organizational decision making structures and more emphasis on training decision makers who have expertise to look at a situation in its entirety." What should organizations do to implement this suggestion?

Accepted Answer

Utilize specialists with different areas

What is a common element found in both bounded rationality and satisficing?

How does mental accounting distort our perceptions?

What is the hindsight bias?

Which improvement has been suggested when addressing complex problems in naturalistic decision making?

Introduction to Organizational Behavior

Individual Characteristics

Learning

Perception

Leadership

Motivation

Persuasion, Influence, and Impression Management

Groups and Teams

Conflict and Negotiation

Diversity and Communication

Culture

Change, Innovation, and Stress

Corporate Social Responsibility, Ethics, and Sustainability

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Exam 8: Decision Making

What is a common element found in both bounded rationality and satisficing?

How does mental accounting distort our perceptions?

What is the hindsight bias?

Which improvement has been suggested when addressing complex problems in naturalistic decision making?

Introduction to Organizational Behavior

Individual Characteristics

Learning

Perception

Leadership

Motivation

Persuasion, Influence, and Impression Management

Groups and Teams

Conflict and Negotiation

Diversity and Communication

Culture

Change, Innovation, and Stress

Corporate Social Responsibility, Ethics, and Sustainability

Filters