Double Curse Case Study
The 'double curse' effects on Edward's judgments Double curse makes Edward always overconfidence on all the decisions that he has made. By definition, Double curse occurs when people are unaware of their limited ability as their lack of skills or knowledge that makes them find themselves doing well when they actually doing quite poorly. In this scenario, Edward's lack of skill that causes him cannot properly be aware of his weakness and limitation. He also hardly improve his business performance as his lack of skill made him cannot see whether he is making a good or bad decision. One of the situations that shows the influence of double curse on Edward's decision is when Edward believes that he has all the skills and abilities to manage the …show more content…
One of the biases is false-consensus effect which occurs when we overestimate the extent to which other people have similar beliefs or behaviours to our own. It demonstrates the tendency to use oneself as an anchor when making judgments regarding others Correspondingly in the scenario, Tom and Edward went to the same school together. They have the similar social circles and like similar bars, music and even holiday destination. Due to Tom and Edward have a lot in common which makes Edward believes that Tom is just as capable as him and he is very confident that Tom can make some rational decision for the company. Whereas Edward ignores the fact that Tom actually drops his business degree and he may not have enough skills of being a manager. Using the way of "similar to me" to valid whether Tom is suitable for the role of manager certainly affect Edward's decision to hire Tom and it also makes him overestimate his …show more content…
Due to the theory of bounded rationality suggests people have limited information, limited information processing and a tendency towards satisficing rather than maximising when making choice. In this scenario, it is really difficult for Edward to collect the information and interviewing every single candidate that are interested in the job as the number of applicants can be really large. As a result, people often primarily satisfice and attend to information that is highly accessible as the limitation in their ability to access all the information instead of finding the one that owns the highest subjective expected
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644 Words | 3 PagesAnd at last i see the light... You’ve reached your destination: the conclusion. Luckily, the conclusion is as easy as watching the floating lanterns in the beautiful celestial night sky. Conclusion: Like the introductions, conclusions for the 3 and all types of essays are relatively the same.
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Exemp 3.07 Week 1 Discussion 1
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Argumentative Essay On Bias
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The Pros And Cons Of Ethnocentrism
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King Edward II: A Tragic Hero
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