In the pasta study discussed in class, if I ask my participants to all skipbreakfast and come to participate at the same time of day, I am makingan effort to reduce:O Weak manipulationsO Between-group varianceDemand characteristicsO Situation noise

In a group study, many experiments are conducted on the participants to see the impact of various…

Answered: In the pasta study discussed in class,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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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 bias
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A pro-attractiveness bias may exist even in education, with studies showing that physically attractive students tend to obtain higher grades at university, partly because they are deemed more conscientious and intelligent, even when they are not. Furthermore, attractiveness already helps students to get into university in the first place, by eliciting more favorable evaluations during college admissions interviews. This is consistent with the broader finding of a very well-established “halo” effect whereby attractive people are generally perceived as being more sociable, healthy, successful, honest, and talented. In fact, meta-analytic studies suggest that even children are deemed smarter, more honest, and driven, when they are more attractive – and children make the same type of inferences when they evaluate more or less attractive adults. In an experiment, researchers asked kids to pick an imaginary boat captain for a game, and they were told to choose from photographs of actual…
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give an example from this finding "Similarities between persons reduce uncertainty, while dissimilarities produce increases in uncertainty" .
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Group Decision Making: Social decision schemes or rules can predict the final outcome of group decision making on the basis of the individual members’ initial positions What are the four schemes can be used ? with explanation
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In the pasta study discussed in class, if I ask my participants to all skip breakfast and come to participate at the same time of day, I am making an effort to reduce: O Weak manipulations O Between-group variance O Demand characteristics O Situation noise