convincing yourself that because everyone else is doing it, it must be okay. Choose from the choices 1 to 4 mitigating dilemmas Type B dilemmas ethical dilemmas Type A dilemmas
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convincing yourself that because everyone else is doing it, it must be okay.
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mitigating dilemmas
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Type B dilemmas
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ethical dilemmas
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Type A dilemmas
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- which of the following decision making models is based on the belief that human behavior is unerringly rational?Businesses and industry specialists in 2018 criticized the company Blockbuster for not being able to see that DVDs will soon become obsolete as all content moves towards digital streaming. What common bias in decision making is this referring to? Escalation of commitment Hindsight bias Risk aversion Anchoring biasAll of the factors below are taken into consideration when determining the ethical intensity of an action except: Question 22 options: social consensus probability of effect concentration of effect level of moral development
- Contrast the rational model of decision making with bounded rationality and intuition.How can individual decision-making theories (e.g. Cognitive Moral Development andMoral Intensity) be applied to the Volkswagen (VW) emissions scandal?What is the difference between normative and descriptive decision theory, and how can these approaches be used to analyze and understand human decision-making behavior?
- Some people criticize the ‘rational actor paradigm’ by pointing to choices that seem to be clearly not self-interested, for example, giving to charity. Explain why such a choice is not a violation of the rational actor paradigm.A: How do consumers gather information and develop knowledge on immunity? How do they use their knowledge in purchase decision making? B: What are the five new food habits consumers developed due to this pandemic? Do you find any correlation between answers to the question sets A and B?Talk to five of your friends/respondents and write answers to the above questions based on those responses. Your writing should look like a story with theme based titles and subtitles. In a maximum of 300 words, present customer profiles of your five friends/respondents in the end.What role do personal biases play in decision-making patterns? How can individuals mitigate the impact of biases on their decision-making?
- Analyze the situation of Rebecca using the 7 step ethical decision model.How does decision theory account for intertemporal decision-making, where choices have long-term consequences?How does decision fatigue affect decision-making patterns? What strategies can individuals employ to combat decision fatigue and make better choices?