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SCENARIO 1-1 Allison and Gail are both university students studying for a final exam in OB.Both students have a goal of making a grade of 90% or better despite the time pressures they face.Gail studied diligently for six hours and made a grade of 92%.Allison studied diligently for nine hours and also made a grade of 92%.
Which of the students was effective
Errors And Biases
Systematic deviations from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.
Cognitive Errors
Cognitive errors refer to systematic flaws or biases in human reasoning and perception that can lead to incorrect judgments, decisions, or interpretations.
Counterfactual Thinking
The psychological process of imagining alternative outcomes to events that have already occurred, often starting with "if only" scenarios.
Affective Forecasting
The ability to predict one’s emotional reactions to future events
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