Decision making is often a biased and flawed process. If a person can identify and be aware of their biases, they may be able to make better decisions for themselves and may be able to diagnose flawed decisions that affect their workplace There are nine fundamental biases that impact how people process information when making decisions. These include: (1) availability (2) representativeness, (3) confirmation, (4) sunk cost, (5) anchoring and adjustment, (6) overconfidence, (7) hindsight, (8) framing, and (9) escalation of commitment biases Hover over each name and read the scenario. Next, click and drag each name into the appropriate area in the chart to correspond with the decision-making bias that is most applicable to the situation Amber Allison Mike Sue Bill Patrick Katrina Logan Kathy Sunk-Cost Bias Anchoring and Adjustment Bias Representativeness Confirmation Bias Availability Bies Bias Overconfidence Bias Escalation of Commitment Bias Hindsight Bias Framing Bias
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Business, 22.06.2019 13:00, dolltan
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
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Business, 22.06.2019 14:20, nataliaalejandradasi
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
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Business, 23.06.2019 09:00, aprilstalder
It will gain you more knowledge, intensify your soft skills, grow your strong work ethics and grow your network and grow your network. what is it ?
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Decision making is often a biased and flawed process. If a person can identify and be aware of their...
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