Identify the cognitive biases committed in

Assignment Help Business Law and Ethics
Reference no: EM133612998

Assignment:

I must Identify the cognitive biases committed in, or illustrated by, each of the following passages, and then explain them briefly. (The possible answers are confirmation bias, resisting contrary evidence, availability error, framing bias, actor/observer bias, conjunction fallacy, gambler's fallacy, and anchoring effect.)

1. A study by Dr. Daoud and his colleagues demonstrated that, when doctors' encounter a certain health condition amongst their patients, they then have a greater tendency to misdiagnose patients they encounter later as having this same illness. The reason for this is doctors are presumably, is that their experience with the earlier patients makes it easier for them to recall this illness.

2. In one study conducted in a prison, both prisoners and guards were asked to rate the cause of certain offenses committed by prisoners. (Saulnier & Perlman, 1981) As one might expect, prisoners tend to see their crimes as caused by the situation they were in, whereas guards tend to see these crimes as caused by internal/dispositional characteristics of the prisoners.

3. Participants in one study were much more likely to purchase beef described as 75% lean as opposed to the same beef described as 25% fat.

4. Doctors who strongly suspect a certain diagnosis tend to ask questions that would support that diagnosis, and not to consider symptoms suggesting a different one, or ask questions that might be inconsistent with their diagnosis.

5. When Ellen went to buy a new car, the salesperson showed her a Toyota Prius, but Ellen thought the price was too high. Later, after the salesperson said her manager would agree to give a significant discount, Ellen was so grateful she immediately decided to buy the car.

6. Some joggers were asked whether they were more likely to be bitten by someone's pet dog, or whether they were more likely to be bitten by any member of any canine (i.e., dog) species. The joggers thought it was more likely that they would be bitten by someone's pet dog.

7. According to some economists, investors in the stock market tend to hold onto stocks that have depreciated and sell stocks that have appreciated. They describe this as a "general disposition to sell winners too early and hold losers too long." Investors may see the continual rise of a stock's value as an indication that it will soon crash [because they think the price of stocks is largely a random matter], therefore deciding to sell. Likewise, if a stock has lost value, this can be taken as an indication that it is due to appreciate, and so they decide to hold onto those stocks.

8. When confronted with detailed data to show that there is no causal link between vaccinations and autism, comedian and noted anti-vaxxer Jim Carey, insisted that the medical community is concealing the evidence because they can make money from vaccinations.

Reference no: EM133612998

Questions Cloud

Confirmatory test to be performed : identify a drug, requirements include both a presumptive and a confirmatory test to be performed. List the appropriate presumptive and confirmatory test
How many original correlations are present on the matrix : How many original correlations are present on the matrix? Describe the strength and direction of the relationship between weight and BMI.
Which specific aspects of plato metaphysics : Explaining which specific aspects of Plato's metaphysics make you think he would make the choice you're claiming he would make.
What is virtual reality and how does it helps : What is Virtual Reality and how does it helps towards digitalization of Tourism industry. Please also include in text citation for my better understanding
Identify the cognitive biases committed in : In one study conducted in a prison, both prisoners and guards were asked to rate the cause of certain offenses committed by prisoners.
Explain your investigation of three hypothetical practice : Complete your work of 6 to 8 pages plus cover page and references page, explaining your investigation of three hypothetical practice sites for an EBP QI project
What is the demographic profile of the workers : What is the demographic profile of the workers that help to implement benefit from the implementation at selected manufacturing companies?
Persuasive speech - the product speech : recommendation is to use MONROE sequence to write your outline You will persuade your audience (the class) to be interested/motivated to purchase a product
Discuss a specific involving animals that had ethical issues : Discuss a specific research study involving animals that had ethical issues. What were the ethical issues involved?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd