PPT-Cognitive Biases 3

participation Dear Michael My family lives in Tai Wai in Sha Tin district Nearby is a rock that everyone calls Lion Rock because it looks like a lion The other day I was listening to music and I heard the song . Malicious envy biases attention more toward envied persons than their advantages Benign envy is associated with an attentional focus toward means to improve oneself The results highlight the value of functional and processfocused approaches to envy Antoinette . Schoar, MIT and . NBER. September 18. th. , 2015. Hutchins Center Event “The Power of the Nudge”. Motivation. Recent demographic and . regulatory trends have increased . the reliance on . Conjunction Fallacy. Linda is 31 years old, single, outspoken, and very bright. She majored in philosophy. As a student, she was deeply concerned with issues of discrimination and social justice, and also participated in anti-nuclear demonstrations.. MBA-542. Instructor: Erlan Bakiev, Ph.D.. 1-. 1. Chapter 5 . Perception and Individual Decision Making. 5-. 2. Essentials of . Organizational Behavior. , . 11/e. Stephen P. Robbins & Timothy A. Judge. First Unitarian Universalist Church of . Richmond. Living the Pledge . Workshop. How does implicit and explicit bias differ?. Attitudes . or stereotypes that affect our understanding, actions, and decisions in . Gretal Leibnitz, Ph.D., Washington State University. Entomological Society of America– 10 July 2013. 1. Cognitive Bias. “Unconscious patterns of thought which have the unintended effect of conferring advantage to some and disadvantage to others”. “One of the biggest problems with the world today is that we have large groups of people who will accept whatever they hear on the grapevine, just because it suits their worldview—not because it is actually true or because they have evidence to support it. The really striking thing is that it would not take much effort to establish validity in most of these cases… but people prefer reassurance to research.” . Today’s Agenda. Midterm info. Preparation . in negotiation. Effective communication. Biases in negotiation. Negotiate . El . Tek. Exam. Takes place in class. Partners assigned at random. Will receive role on paper and partner email address . *This lesson was adapted from http. ://. www.tolerance.org/Hidden-bias.. . Introduction. All of us have preferences or biases. Sometimes people say, “I may be biased, but I . think______is. better than ______.” Can you remember a time when you made such a statement? It may have been in reference to a particular type of food, car, or clothing. It is natural and consistent with human behavior to have such preferences or biases. . Purpose: . Discuss techniques for managing biases in order to improve decision making. REF: . Outsmart your Own Biases, HBR 2015. Idea in Brief. The Problem. . Cognitive biases muddy our decision making. We rely too heavily on intuitive, automatic judgements, and even when we try to use reason, our logic is often lazy or flawed.. Peggy Doviak, Ph.D., CFP®. Getting Started. This presentation will discuss how some of the roots of behavioral finance lie in the impact of the social and cultural background of the client.. For financial planners to retain clients, write plans that are implemented, and have clients return for updates (basics of the financial planning process), both the planners and the clients must find the plans meaningful and congruent with their sociocultural beliefs.. Avoiding Bias in interviewing Storytellers. By Michael Preston Ed.D.. What is Bias?. Bias is prejudice against a person or group of people when compared to others. These biases are usually based on prior attitudes, first impressions, or socially constructed stereotypes. . Presented by:. Cut on the Bias. NSULeAds. Introduction . Student Perspectives . What is Implicit Bias?. Attitudes or stereotypes that affect our understanding, actions, and desires in an unconscious manner. Implicit bias.... . Three years of losses often turn investors with thirty-year horizons into investors with three-year horizons; they want out.. Kenneth Fisher and Meir . Statman. . 2. Self-Control. People struggle between two personas—a doer and a planner.