tailieunhanh - Lecture Judgment in managerial decision making (8e) - Chapter 4: Bounded awareness

After studying this chapter, you should be able to: Explain why a thorough understanding of culture is important for all mangers, define culture, explain how culture affects managerial behavior and practices,. | Judgment in Managerial Decision Making 8e Chapter 4 Bounded Awareness Copyright 2013 John Wiley & Sons 1 Problem 1: Role-Playing Exercise Six people are randomly assigned to the roles A, B, C, D, E, and F. A is randomly selected and given $60 to allot among A, B, C, D, E, and F. The amounts given to B, C, D, E, and F must be equal, but this amount may be different from the amount that A allocates to A (herself/himself). B, C, D, E, and F will be asked to specify the minimum amount that they would accept. If the amount offered by A to each of B, C, D, E, and F is equal to or greater than the largest amount specified by B, C, D, E, or F, the $60 will be divided as specified by A. If, however, any of the amounts specified by B, C, D, E, and F are larger than the amount offered by A, all six parties will receive $0. Take a moment to read the following game. Pretend that you were in the role of Player A. How much money would you allocate to the other players in order to maximize your . | Judgment in Managerial Decision Making 8e Chapter 4 Bounded Awareness Copyright 2013 John Wiley & Sons 1 Problem 1: Role-Playing Exercise Six people are randomly assigned to the roles A, B, C, D, E, and F. A is randomly selected and given $60 to allot among A, B, C, D, E, and F. The amounts given to B, C, D, E, and F must be equal, but this amount may be different from the amount that A allocates to A (herself/himself). B, C, D, E, and F will be asked to specify the minimum amount that they would accept. If the amount offered by A to each of B, C, D, E, and F is equal to or greater than the largest amount specified by B, C, D, E, or F, the $60 will be divided as specified by A. If, however, any of the amounts specified by B, C, D, E, and F are larger than the amount offered by A, all six parties will receive $0. Take a moment to read the following game. Pretend that you were in the role of Player A. How much money would you allocate to the other players in order to maximize your payoff? 2 Problem 2: Pick a Winner You are given a choice of boxes X, Y, or Z. One of these three boxes has a valuable prize in it. The other two boxes are empty. After you pick one of the boxes, the computer will open one of the other two boxes, show you that this unchosen box does not have the prize, and offer you to trade your chosen box for the unopened, unchosen box. For example, if you were to choose box X, the computer would open one of the two other boxes (., Y) and show you that it is empty. The computer would then offer you the opportunity to switch your choice from X to Z. A student who participated in the study picked box Y. The computer then opened box Z, showed the student it was empty, and offered the student to trade box Y (which the student originally chose) for box X (the remaining unopened, unchosen box). Now, consider this game where you are attempting to pick a prize. If you were the student in this problem, would you trade box Y for box X? 3 Problem 3: Acquiring a .