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Assignment 1: Discussion—Behavioral Heuristics
Behavioral heuristics, such as availability, anchoring, vividness, storage, conjunction fallacy, and representativeness, all reflect behavioral traits, which if left unchecked may lead to systematic bias in the choices you make. For example, anchoring and availability can lead to disastrous decisions.
You may know how to recognize these heuristics, but consider how they may have influenced you in the past.
Find at least one example from your own career where you, or another manager, allowed one of these or another pitfall, to sway you from the mean.
Respond to the following:
- Why did you/they ignore the base rates?
- What other statistically relevant factors did you/they fail to incorporate?
- How could you have altered the framing of the situation to make a better decision?
By Saturday, September 24, 2016, post your response to the appropriateDiscussion Area. Through Wednesday, September 28, 2016, review and comment on at least two peers’ responses.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
- Read your peers’ answers.
- Provide substantive comments by
- contributing new, relevant information from course readings, Web sites, or other sources;
- building on the remarks or questions of others; or
- sharing practical examples of key concepts from your professional or personal experiences
- Respond to feedback on your posting and provide feedback to other students on their ideas.
- Make sure your writing
- is clear, concise, and organized;
- demonstrates ethical scholarship in accurate representation and attribution of sources; and
- displays accurate spelling, grammar, and punctuation.
Grading Criteria
| Assignment Components |
Max Points
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Initial response was:
- Insightful, original, accurate, and timely.
- Substantive and demonstrated advanced understanding of concepts.
- Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions.
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16
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Discussion Response and Participation:
- Responded to a minimum of two peers in a timely manner.
- Offered points of view supported by research.
- Asked challenging questions that promoted discussion.
- Drew relationships between one or more points in the discussion.
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16
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Writing:
- Wrote in a clear, concise, formal, and organized manner.
- Responses were error free.
- Information from sources, where applicable, was paraphrased appropriately and accurately cited.
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8
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| Total: |
40
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