1. The field of organizational behaviour (OB) has emerged from the disciplines of psychology, sociology, political science, and economics, although it is primarily identified with psychology. It has often been defined as studying behaviour of individuals and groups within organizations. This is usually referred to as “micro-OB”
2. Organizational theory (OT) is the body of research and knowledge concerning organizations. Organization theory originally focused primarily on the organization as a unit, as opposed to organization behaviour, which explored individual and group behaviour within the organization. This perspective is sometimes also called “macro-OB”.
3. Two Types of ...view middle of the document...
For instance, every week you buy a lottery ticket and tell yourself that this is the week that you will become a multimillionaire – when the fact is that the odds of this happening are upward of one in several million
8. In regression to the mean fallacy- The flaw is failing to account for natural fluctuations. When his pain got worse, he went to a doctor, after which the pain subsided a little. Therefore, he benefited from the doctor's treatment. The pain subsiding a little after it has gotten worse is more easily explained by regression towards the mean. Assuming it was caused by the doctor is fallacious.
9. Conjunction Fallacy- The conjunction fallacy is a logical fallacy that occurs when it is assumed that specific conditions are more probable than a single general one
10. Anchor adjustment- Anchoring or focalism is a cognitive bias that describes the common human tendency to rely too heavily, or "anchor," on one trait or piece of information when making decisions.
11. Framing effect is an example of cognitive bias, in which people react differently to a particular choice depending on whether it is presented as a loss or as a gain.
12. Confirmation bias (also called confirmatory bias or myside bias) is a tendency of people to favor information...