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M: Organizational Behavior 2nd Edition by Steven McShane, Mary Von Glinow
Edition 2ISBN: 978-0077801960M: Organizational Behavior 2nd Edition by Steven McShane, Mary Von Glinow
Edition 2ISBN: 978-0077801960 Exercise 32
Scenario: Nolan's Investments
Nolan is a successful stockbroker who believes he has noticed a trend in the stock prices of a company that produces pork products. Lately, Nolan has been turning a high profit on some higher risk investments. He decides to buy the stock for his clients, disregarding the current environmental conditions that may have an effect on the pork industry, such as the current drought, believing that he is on a winning streak and this venture will also be profitable.
When Nolan believes there is a trend that will continue in the stock price and disregards other information which may affect future stock prices, he is working from a:
A) Stereotype.
B) Confirmation Bias.
C) Mental Model.
D) Categorical thought.
E) Perceptual interpretation.
Nolan is a successful stockbroker who believes he has noticed a trend in the stock prices of a company that produces pork products. Lately, Nolan has been turning a high profit on some higher risk investments. He decides to buy the stock for his clients, disregarding the current environmental conditions that may have an effect on the pork industry, such as the current drought, believing that he is on a winning streak and this venture will also be profitable.
When Nolan believes there is a trend that will continue in the stock price and disregards other information which may affect future stock prices, he is working from a:
A) Stereotype.
B) Confirmation Bias.
C) Mental Model.
D) Categorical thought.
E) Perceptual interpretation.
Explanation
Verified
Verified
Nolan is exhibiting confirmation bias by...
M: Organizational Behavior 2nd Edition by Steven McShane, Mary Von Glinow
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