Ad
related to: bad decisions lead to consequences book pdf
Search results
Results from the WOW.Com Content Network
Escalation of commitment, irrational escalation, or sunk cost fallacy, where people justify increased investment in a decision, based on the cumulative prior investment, despite new evidence suggesting that the decision was probably wrong. G. I. Joe fallacy, the tendency to think that knowing about cognitive bias is enough to overcome it. [66]
Mistakes Were Made (but Not by Me) is a 2007 non-fiction book by social psychologists Carol Tavris and Elliot Aronson. It deals with cognitive dissonance , confirmation bias , and other cognitive biases , using these psychological theories to illustrate how the perpetrators (and victims) of hurtful acts justify and rationalize their behavior.
The article describes a situation where a series of small, individually rational decisions can negatively change the context of subsequent choices, even to the point where desired alternatives are irreversibly destroyed. Kahn described the problem as a common issue in market economics which can lead to market failure. [1]
The study identified four key factors—choice set complexity, decision task difficulty, preference uncertainty, and decision goal—that moderate the impact of assortment size on choice overload. It also documented that when moderating variables are taken into account the overall effect of assortment size on choice overload is significant—a ...
In March/April 2012 issue of Bookmarks, the book received a (4.00 out of 5) with the critical summary stating, "Either way, it's an enlightening tome on how--fast or slow--we make decisions". [31] The book was also widely reviewed in academic journals, including the Journal of Economic Literature, [14] American Journal of Education, [32] The ...
The Guardian penned that the book is "blunt, half-baked" and says that it "could have been half the length and it would have been a far better book for it". [23] Book industry magazines Publishers Weekly and Kirkus Reviews praised the book's practical analysis of noise and bias, but they found the language somewhat over-complicated and dense ...
Self-justification thought process is a part of commitment decisions of leaders and managers of a group and can therefore cause a rise in commitment levels. [citation needed] This attitude provides "one explanation for why people escalate commitment to their past investments." [7] Managers make decisions that reflect previous behavior. Managers ...
The book has been used to reconcile utilitarian and rules-based ethics. [25] Humanist psychologists have used the book to explain why only proven phenomena is needed to prove why morality exists, and what the parameters of morality should be. [26] Theists have commented on the way the book grounds ethics without recourse to religion. [27]
Ad
related to: bad decisions lead to consequences book pdf