MGM102H5 Lecture Notes - Lecture 4: Risk Aversion, Cognitive Bias, Whistleblower
Document Summary
There are many options available to solve this case but we need to be able to choose the most effective one but the main focus is to apply concepts. Two expedition teams set out to conquer mt. They have now been commercialized and now take clients up to the summit and charge them a high fee. Two commercial enterprises as opposed to two expedition teams which affects the way we interpret the actions and decisions of the guides. Why do people choose to climb mount everest despite its dangers? unique. Not a lot of people have done it. Makes us a part of elite unique group. They"ve conquered their personal, work and business life so what should they conquer next. People who are risk-takers and adrenaline junkies and want to push themselves to the limit. Very few challenges that would parallel this as it involves every capability whether emotional, physical, physiological, religious, spiritual etc.
