Anchoring and adjustment When was Atilla defeated by estimation. Question 3 = Mental Accounting (Thaler) Losing your movie ticket while having no receipt‚ will you buy one again? Losing money = different mental account Question 4 = Availability Heuristic Which disease causes more deaths? (breath cancer vs respiratory infection)(car accidents vs diabetes) Question 5a: Firm Statistics Which group of companies has the largest total revenues? Question 5b= conjunction fallacy Is linda
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The Probability: That such results would actually occur. Not all people follow those two factors‚ they follow Herustics by using quick but fallible rules of thumb to make decisions. Heuristics: Mental rules of thumb that permit us to make decisions and judgments in a rapid and efficient manner. Availability Heuristic: A cognitive rule of thumb in which the importance or probability of various events is judged on the basis of how readily they come to mind. Ex: btsa2ib el ash5as le ana ba3refon bi
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During the 1st 2 weeks after conception‚ a new life is called a(n): A. egg. B. fetus. C. zygote. D. embryo. Answer Key: D Question 2 of 53 Score: 1 (of possible 1 point) The vibrations of the eardrum are amplified by three tiny bones located in the: A. semicircular canals. B. cochlea. C. middle ear. D. inner ear. Answer Key: C Question 3 of 53 Score: 1 (of possible 1 point) Avoiding physical punishment is to ________ morality as respecting the laws of society is to ________
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MEMORY / COGNITION TEST REVIEW SHEET Chapter 9 – Memory MEMORY: The persistence of learning over time through the storage and retrieval of information. FLASHBULB MEMORY: A clear memory of an emotionally significant moment or event. Example: 9/11 Terrorist Attacks ENCODING: The processing of information into the memory system. Example: Adding meaning to the information. STORAGE: The retention of encoded information over time. RETRIEVAL: The process of getting information out
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Greyhound Lines is the intercity bus transportation company which operating on low profits and unable to meet the customer demand (Greyhound‚ 2011). Based on the case study‚ in order to reduce operating costs and improve customer service‚ reduction in employees‚ routes and services has been done. However‚ this action leads to discourtesy of customers. Besides this‚ the introduction of Trips which is mainly to resolve problems in the highly complex software actually creates lots of problems. The problems
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Social cognition is the study of how people form attribution or judgments about themselves and the social world from the social information they received from their environment (Chapter Review‚ 2010). However‚ it was discovered often marked by apparent errors and biases. People make quick judgment based on their past experiences‚ hence at times leading to tragic endings. The Amadou Diallo case study was an example of the tragic error which was made by four New York City Police officers. The police
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Qualitative Research in Financial Markets Emerald Article: Herding‚ information uncertainty and investors’ cognitive profile Beatriz Fernández‚ Teresa Garcia-Merino‚ Rosa Mayoral‚ Valle Santos‚ Eleuterio Vallelado Article information: To cite this document: Beatriz Fernández‚ Teresa Garcia-Merino‚ Rosa Mayoral‚ Valle Santos‚ Eleuterio Vallelado‚ (2011)‚"Herding‚ information uncertainty and investors’ cognitive profile"‚ Qualitative Research in Financial Markets‚ Vol. 3 Iss: 1 pp. 7 - 33 Permanent
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from both the psychological field and financial theory’. Behavioral finance attempts to identify the behavioral biases commonly exhibited by investors and also provides strategies to overcome them. Some of the main problems with EMH may be cause by heuristic responses to new information‚ psychological anchors‚ overconfidence‚ social fads‚ framing and regret avoidance and herd behavior. Overconfidence: According to Nevins (2004)‚ overconfidence suggests that investors overestimate their ability to predict
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Do advertisements really influence America’s youth? According to many pediatricians‚ “Research has shown that young children – younger than 8 years old – are cognitively and psychologically defenseless against advertising” (“Children‚ Adolescents‚ and Advertising‚” 2006). Children see advertisements of different things almost everywhere they go. Two types of advertisements that kids may come in contact with on a daily basis are fast food advertisements and advertisements that encourage them to look
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Logistics Network Configuration Designing & Managing the Supply Chain Chapter 2 Byung-Hyun Ha bhha@pusan.ac.kr Outline Case: Bis Corporation What is logistics network configuration? Methodology Modeling Data Aggregation Validation Solution Techniques Case: the Bis Corporation Background Produce & distribute soft drinks 2 manufacturing plant 120‚000 account (retailers and stores)‚ all over the US 3 existing warehouse (Chicago‚ Dallas‚ Sacramento)
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