Search results for keyword: cognitive
Ellsberg's paradox
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The Buridan-Esberg Paradox is a philosophical paradox first suggested by medieval scholars after encountering the works of Aristotle and John Buridan. It states that, if a person were given two separate and equal choices, he or she would be unable to choose either one and a contradiction would a......
1033 
Rachel
Threshold effect
The Door-in-the-Face Effect
The Door-in-the-Face effect is a phenomenon in which people are more likely to comply with a large request that has been preceded by a much larger and seemingly unreasonable request. The first request serves as a “door” for the smaller request that follows, which is ......
case analysis
Use of Case Analysis in Financial Risk Management
Financial risk management is an important component in the efficient and sound financial management of any organization or institution. This often involves the proper utilization of various financial instruments and strategies in order to ensure t......
memo effect
The psychological phenomenon, known as the “Memento Effect”, is a result of individuals’ ability to recall events, experiences, and memories more quickly and accurately when prompted with a physical cue or reminder. It has been found to be particularly useful in assisting those who are sufferin......
New capacity this year
The world has seen some major advances in technology over the last few years. Everything from artificial intelligence to virtual reality to the Internet of Things. We have seen incredible advances in the way we interact with technology and the way we can use it to enhance our daily lives. However,......
innovation theory
The Theory of Innovation
Innovation is an integral part of business in today’s competitive landscape. Businesses need to constantly innovate in order to stay ahead of competition and remain competitive in their markets. The Theory of Innovation seeks to explain the process by which businesses st......
The Revolutionary Cultural Theory of Peters and Robert Waterman Jr.
Peter L. Berger and Robert Wartman’s Innovative Cultural Theory
The culture of a society, the shared habits and worldviews of a group, is essential to understanding how society functions. Peter L. Berger and Robert Wartman’s innovative cultural theory centers around the notion that culture is a......
Change Management Iceberg Theory
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Introduction
The ‘Bergson Iceberg Theory’, widely known as ‘Change Management Iceberg Theory’, is widely applicable in the field of change management. It was first proposed by psychologist Kurt Bergson in 1924 to explain the psychological factors that occurred when people encountered change ......
Bandura's reciprocal determinism
Bounded Rationality and Interaction: the Theory of Herbert A. Simon
Abstract
Herbert A. Simon developed the theory of bounded rationality in a series of works that aimed to provide rational explanations for decisions and choices made by humans. By definition, bounded rationality is the state of ......
Bandura's self-efficacy theory
Albert Bandura’s Social cognitive Theory
Albert Bandura is a renowned psychologist who developed the Social cognitive Theory. This theory can be used to explain the behavior of individuals based on the interaction between their cognitive, environmental and behavioral factors. The Social cognitive......
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