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Cartes-fiches 23
Langue English
Catégorie Gestion d'entreprise
Niveau Université
Crée / Actualisé 23.07.2017 / 24.07.2017
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I.NUDGING

Bounded Rationality




 

making decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity

Intuitive Decision Making
 

Unconscious process created out of distilled experience

Rational Decision Making

describes how individuals should behave in order to maximize some outcome

Confirmation Bias

Tendency to seek out information that reaffirms past choices and to discount information that contradicts past judgements

Availability Bias

Tendency to base their judgments on information that is readily available to them

Escalation of Commitment

An increased commitment to a previous decision in spite of negative information

Heuristics

Mental shortcuts that allow people to solve problems and make judgments quickly and efficiently

Prospect Theory

1. Diminishing Sensitivity

- more sensitive to changes near their status quo than to changes further form that
- tend to focus on numbers that indicate a scale's value, while disregarding the unit of the scale

2. Endowment effect

Inclination to value and pay more for an item which is already in possession than for an item that has yet to be attained

3. Framing effect

Choices may appear more or less attractive depending on how they are worded

4. Loss aversion

we feel losses more keenly than gains

5. Prospect Theory

- demonstrates how people decide between alternatives that involve risk and uncertainty
- illustrates how we make non-rational decisions as we are guided by emotion and heuristics

6. Reference point

when making decisions, the perception of an outcome is determined by the reference point

7. Representativeness heuristic

Rather superficial way in which the intuition handles probabilities (stereotype)

II. GAMIFICATION

1. Self-determination Theory
 

Theory of motivation that is concerned with the benefical effects of intrinsic motivation and the harmful effects of extrinsic motivation

2. Extrinsic rewards
 

Usually financial, tangible rewards given to employees by managers:

pay raises, bonuses and benefits

3. Intrinsic rewards

Psychological rewards that employees get from doing meaningful work and good performing

Beispiele für Intrinsic rewards

autonomy            - i control
mastery               - i improve
relatedness         - i make a difference
progress              - i achieve
social interaction - i connect with others

competition, responsibility, recognition

4. Profit-sharing plan

Organization-wide program that distributes compensation based on some established formula designed around a company's profitability

5. Flexible benefits

benefits package which is individually tailored to his or her own needs and situation

6. Bonus

rewards recent performance rather than historical performance

7. Merit-based pay plan

pay plan based on performance appraisal ratings
annual payment

8. Variable-pay program

pay plan that bases a portion of an employee`s pay on some individual/ organizational measure of performance