Describe and Give an Example of Each of the Following

question 119

Essay

Describe and give an example of each of the following intuitive thinking errors: (a) representativeness heuristic, (b) ignoring the base rate, (c) framing, and (d) emotion.

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Definitions:

Technology

The tools, knowledge, and/or techniques used to transform inputs into outputs.

Rigid and Reactive

Describes a tendency or approach in organizations to be inflexible and to respond rather than anticipate change.

People

The human resources of an organization.

Change

The transformation or modification of an organization and/or its stakeholders.