You Are the CEO of a Large, Multinational Company; Why

question 44

Essay

You are the CEO of a large, multinational company; why or why not would you consider using open-source software? Now suppose you are the owner of a small, 5-person, local company; why or why not would you consider using open-source software?

---

Definitions:

Overconfidence

The tendency to overestimate the accuracy of one’s knowledge and judgments.

Hindsight Bias

The habit of assuming, once an outcome is known, that it was predictable beforehand.

Emotional Instability

A characteristic of individuals who experience rapid, intense emotional changes often in response to events that would not typically provoke such strong reactions.

Naturalistic Observation

involves studying subjects in their natural environment without any manipulation by the researcher, to understand behavior in a real-world setting.