Summarize the differences between perceived and objective realities and how our perceptions negotiate what we believe to be true.

  1. Summarize the differences between perceived and objective realities and how our perceptions negotiate what we believe to be true.
  2. Discuss how the following affect one’s perception of reality and rational decision making.
  • Attribution theory
  • Bias
  • Bounded rationality
  • Cognitive biases
  • Conjunction fallacy
  • Primacy and recency effects
  • Selective perceptions
  • Contrast effect, and
  • Stereotyping

3.Explain why, as a leader or manager of an organization, one should be aware of the bias that our perceptions may have on day to day rationale decision making.

4.Identify strategies to increase awareness of potential effectors of our ability to make rational decisions based on our developed realities.