Examlex
Bass found that through the use of higher-order factor analysis,it is possible to develop a leadership model that illustrates the effectiveness of all five types of leaders:
Availability Heuristic
A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Sunk Cost
A past expense that has already been incurred and cannot be recovered, which should not influence ongoing or future decisions.
Kahneman and Tversky
Psychologists known for their work on the psychology of judgment and decision-making, as well as behavioral economics.
Image Theory
A theory in decision-making research which suggests individuals make decisions based on their internal values (principles), plans (projects), and beliefs about potential outcomes (prospects).
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