MGTS1601 Lecture Notes - Lecture 6: Randomness, Risk Aversion, Confirmation Bias
Document Summary
Perception: definition: a process by which individuals organise and interpret their sensory impressions in order to give meaning to their environment, factors that influence perception, key theories. Attribution theory: when individuals observe behaviour, they attempt to determine whether it is internally or externally caused. Consistency: does the person respond in the same way over time: shortcuts in judging others. Selective perception: people selectively interpret what they see on the basis of their interests, background, experience and attitudes. Halo effect: drawing a general impression about an individual on the basis of a single characteristic. Contrast effects: (cid:28632)(cid:28681)(cid:28660)(cid:28671)(cid:28680)(cid:28660)(cid:28679)(cid:28668)(cid:28674)(cid:28673) (cid:28674)(cid:28665) (cid:28660) (cid:28675)(cid:28664)(cid:28677)(cid:28678)(cid:28674)(cid:28673)"(cid:28678) (cid:28662)(cid:28667)(cid:28660)(cid:28677)(cid:28660)(cid:28662)(cid:28679)(cid:28664)(cid:28677)(cid:28668)(cid:28678)(cid:28679)(cid:28668)(cid:28662)(cid:28678) (cid:28679)(cid:28667)(cid:28660)(cid:28679) (cid:28660)(cid:28677)(cid:28664) (cid:28660)(cid:28665)(cid:28665)(cid:28664)(cid:28662)(cid:28679)(cid:28664)(cid:28663) (cid:28661)y (cid:28662)(cid:28674)(cid:28672)parisons with other people recently encountered who rank higher or lower on the same characteristics. Stereotyping: (cid:28637)(cid:28680)(cid:28663)(cid:28666)(cid:28668)(cid:28673)(cid:28666) (cid:28678)(cid:28674)(cid:28672)(cid:28664)(cid:28674)(cid:28673)(cid:28664) (cid:28674)(cid:28673) (cid:28679)(cid:28667)(cid:28664) (cid:28661)(cid:28660)(cid:28678)(cid:28668)(cid:28678) (cid:28674)(cid:28665) (cid:28674)(cid:28673)(cid:28664)"(cid:28678) (cid:28675)(cid:28664)(cid:28677)(cid:28662)(cid:28664)(cid:28675)(cid:28679)(cid:28668)(cid:28674)(cid:28673) (cid:28674)(cid:28665) (cid:28679)(cid:28667)(cid:28664) (cid:28666)(cid:28677)(cid:28674)(cid:28680)(cid:28675) (cid:28679)(cid:28674) (cid:28682)(cid:28667)(cid:28668)(cid:28662)(cid:28667) that person belongs. Decision-making: rational model: describes how individuals should behave in order to maximise some outcome.
