The Public Administrator Often Is Placed in the Role of Deciding

question 19

Essay

The public administrator often is placed in the role of deciding among conflicting priorities and is drawn into the center of the conflict. Why is this so? What can an administrator do in these situations?

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Definitions:

Anchoring Effect

A cognitive bias where individuals rely too heavily on the first piece of information offered (the "anchor") when making decisions.

Concorde

A British-French supersonic passenger airliner that was in service from 1976 to 2003, known for its high speed and distinctive shape.

Stock Market

A public market for the trading of company stock and derivatives at an agreed price; it is a key component of the economy.

Hyperbolic Discounting

A behavioral economics theory that describes how people disproportionately value present over future benefits, leading to preferences that decline hyperbolically over time.