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The Business Professor
Biases and Errors in Decision Making
What are some common biases and errors in Deicsion Making? here are a plethora of cognitive biases, also known as subconscious errors, that have been studied by psychologists, and it is important to understand that each individual will...
The Business Professor
Base Rate Fallacy
What is Base Rate Fallacy? The base rate fallacy, also called base rate neglect or base rate bias, is a type of fallacy in which people tend to ignore the base rate in favor of the individuating information. Base rate neglect is a...
The Business Professor
Attribution Theory
What is Attribution Theory? Attribution is a term used in psychology which deals with how individuals perceive the causes of everyday experience, as being either external or internal. Models to explain this process are called Attribution...
The Business Professor
Analysis of Alternatives - Decision Making
What is the Analysis of Alternatives in Decision Making? The Analysis of Alternatives (AoA) is an important element of the defense acquisition process. An AoA is an analytical comparison of the operational effectiveness, suitability, and...
The Business Professor
Abilene Paradox
What is the Abilene Paradox? The Abilene paradox is a collective fallacy, in which a group of people collectively decide on a course of action that is counter to the preferences of most or all individuals in the group, while each...
The Business Professor
Abductive Reasoning
What is Abductive Reasoning? Abductive reasoning is a form of logical inference that seeks the simplest and most likely conclusion from a set of observations. It was formulated and advanced by American philosopher Charles Sanders Peirce...
The Business Professor
Whole Brain Model
What is the Whole Brain Model? The Whole Brain® Model is a metaphor for how we think. But it’s also a practical approach to observing and describing our thinking preferences — and the preferences of those around us.
The Business Professor
Survivorship Bias
What is Survivorship Bias? Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of...
The Business Professor
Stacey Matrix
What is the Stacey Matrix? It is designed to help understand the factors that contribute to complexity and choose the best management actions to address different degrees of complexity.
The Business Professor
Soft System Methodology
What is the Soft System Methodology? Soft systems methodology is an organised way of thinking that's applicable to problematic social situations and in the management of change by using action.
The Business Professor
Six Hats Approach
What is the Six Hats Appraoch? "Six Thinking Hats" is a way of investigating an issue from a variety of perspectives, but in a clear, conflict-free way. It can be used by individuals or groups to move outside habitual ways of thinking,...
The Business Professor
Sensemaking Theory
What is Sensemaking Theory? Sensemaking or sense-making is the process by which people give meaning to their collective experiences. It has been defined as "the ongoing retrospective development of plausible images that rationalize what...
The Business Professor
Satisficing
What is Satisficing? Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met.
The Business Professor
Regret Theory
What is the Regret Theory? In decision theory, on making decisions under uncertainty—should information about the best course of action arrive after taking a fixed decision—the human emotional response of regret is often experienced, and...
The Business Professor
Path Dependence
What is Path Dependence? Path dependency is a phenomenon whereby history matters; what has occurred in the past persists because of resistance to change.
The Business Professor
Outcome Bias
What is Outcome Bias? The outcome bias is an error made in evaluating the quality of a decision when the outcome of that decision is already known.
Mister Simplify
Attribution Theory and Social Psychology Explained with Examples - Simplest explanation ever
As we all know, human beings tend to judge people based on their actions and tend to draw conclusions on people's personalities and inner character.
Attribution theory delves into this tendency and the process we follow when we...
Attribution theory delves into this tendency and the process we follow when we...
Curated Video
Kognitive Verhaltenstherapie
Die kognitive Verhaltenstherapie wurde 1964 von Aaron Temkin Beck entwickelt und wird häufig eingesetzt, um Menschen mit Phobien, Depressionen, Ängsten oder Süchten zu helfen. Verfolgen Sie die Geschichte von Lily, um zu sehen, wie sie...
Curated Video
Measures of Central Tendency
"Statistical Measures" explains mean, median, mode, mean absolute deviation, range, and interquartile range.
The Guardian
When an Unexpected Death Leads to Insurmountable Bills
A mother who is already in debt, suddently has to find thousands of pounds to pay for her son's funeral after his unexpected death. In 2019, the average funeral cost stood at £4,271 in the UK, having risen 122% since 2004. Funeral...
Science ABC
What Happens if An Airplane Gets Struck by Lightning?
Lightning strikes on airplanes are not as rare as one might think. In fact, almost every commercial jet is struck by lightning at least once a year! There is a good chance that you’ve been in one when it was struck by lightning; you...
The Guardian
The Harsh Realities of Hidden Poverty
From struggling to afford a funeral or a wedding to being embarassed to have people to your flat, the hidden costs of poverty are social and emotional as well as financial. A group of women in Leeds is working together to combat that...
Señor Jordan
Spanish Present Subjunctive with Impersonal Observations (I)
Spanish Present Subjunctive with Impersonal Observations (I)
Señor Jordan
How to say "to take advantage of" in Spanish (Día 121)
Hoy les tengo una frase pedida por William de Facebook.