Systematic Analysis of Organisational Behaviour

question 26

Multiple Choice

Systematic analysis of organisational behaviour:

• A)will help improve one's accuracy in explaining and predicting behaviour.
• B)may support what one believes is true.
• C)may expose research evidence that is counterintuitive.
• D)all of the above.

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Definitions:

Endowment Effect

A psychological phenomenon in which people value an owned object higher than a similar object they do not own.

Resale

The act of selling a previously bought product, typically used, to another buyer.

Status Quo Bias

The tendency for people to prefer things to stay the same by doing nothing or sticking with a decision made previously.

Prospect Theory

A psychological theory that describes how people make decisions based on the potential value of losses and gains rather than the final outcome.