Podcast
Questions and Answers
What is a key characteristic of individuals who strongly identify with a cause or value?
What is a key characteristic of individuals who strongly identify with a cause or value?
Which of the following best describes implicit bias?
Which of the following best describes implicit bias?
What does 'motivated blindness' refer to?
What does 'motivated blindness' refer to?
How does in-group favoritism affect resource allocation?
How does in-group favoritism affect resource allocation?
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What role does low identification with a value or cause play in behavior?
What role does low identification with a value or cause play in behavior?
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What is a probable consequence of overclaiming credit in collaborative situations?
What is a probable consequence of overclaiming credit in collaborative situations?
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What is the primary focus of the Want/Should conflict?
What is the primary focus of the Want/Should conflict?
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What effect does moral licensing have on individuals' subsequent actions?
What effect does moral licensing have on individuals' subsequent actions?
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Which factor increases the likelihood of choosing options motivated by want over should?
Which factor increases the likelihood of choosing options motivated by want over should?
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Which of the following best describes indirect blindness?
Which of the following best describes indirect blindness?
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What best describes Outcome Fairness?
What best describes Outcome Fairness?
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How does process fairness affect individuals' acceptance of outcomes?
How does process fairness affect individuals' acceptance of outcomes?
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What is a significant factor that affects Want/Should conflicts related to cognitive resources?
What is a significant factor that affects Want/Should conflicts related to cognitive resources?
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Which statement best explains Moral Licensing?
Which statement best explains Moral Licensing?
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What role does communication play in achieving process fairness?
What role does communication play in achieving process fairness?
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What can result from increased cognitive load in decision-making?
What can result from increased cognitive load in decision-making?
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What is one effect of joint evaluation of want/should options on decision-making?
What is one effect of joint evaluation of want/should options on decision-making?
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Which of the following factors can increase the likelihood of making should choices?
Which of the following factors can increase the likelihood of making should choices?
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What is an example of a commitment device aimed at improving decision-making?
What is an example of a commitment device aimed at improving decision-making?
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What is the main psychological effect of moral licensing?
What is the main psychological effect of moral licensing?
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In the context of escalation of commitment, what is the impact of self-justification?
In the context of escalation of commitment, what is the impact of self-justification?
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How does confirmation bias influence decision-making during escalation of commitment?
How does confirmation bias influence decision-making during escalation of commitment?
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Which of the following best describes the relationship between moral compensation and moral licensing?
Which of the following best describes the relationship between moral compensation and moral licensing?
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What cognitive effect can arise from framing initial behaviors abstractly?
What cognitive effect can arise from framing initial behaviors abstractly?
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Study Notes
Week 1
- Utilitarianism and consequentialism consider outcomes for short and long-term decisions
- Virtue ethics focuses on the actions of virtuous people
- Moral Foundations Theory is a framework for evaluating ethical decisions
- Care/Harm, Fairness/Cheating, Liberty/Oppression, Loyalty/Betrayal, Authority/Subversion, and Sanctity/Degradation are core moral concepts
- Utilitarianism emphasizes maximizing overall societal good
- Deontology focuses on duties and moral principles
- Virtue Ethics focuses on character traits and how they shape actions
Utilitarianism (Consequentialism)
- Focuses on the results or consequences of decisions and actions.
- Aims to maximize benefits and minimize harm to society.
- Calculates the net good for society overall (greatest good for the greatest number).
Deontology (Duty/Principle-based)
- Judges actions based on broad, abstract principles or duties (honesty, responsibility, etc.).
- Some principles are binding, regardless of consequences.
Virtue Ethics
- Emphasizes character traits or habits (virtues).
- Considers what a virtuous/good person would do.
- Motivation and intentions also determine the goodness of a person's actions.
Week 2
- Process Fairness (PF): Fairness in the process/procedures of making decisions
- Outcomes Fairness (OF): Fairness of the outcome/rewards.
- Factors affecting process and outcome fairness include: involvement, decisions, implementation, and communication.
- Perceptual Gaps: discrepancy between outcomes and perception of those outcomes in decision making.
Week 3
- Individual biases affect decision-making, including: want/should conflicts, cognitive load, construal level, depletion, and joint versus separate evaluation.
Week 4
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Organisation Culture: Shared values and beliefs influencing employee behaviour.
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Levels of Culture:
- Artefacts: visible symbols.
- Espoused Values: stated beliefs.
- Basic Assumptions: underlying beliefs.
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Implicit Bias/Prejudice, In-Group Favoritism, Overclaiming Credit, Conflict of Interest, Motivated Blindness, Indirect Blindness, Overvaluing Outcomes are biases or issues affecting decision making.
Week 5
- Corporate Governance: Control mechanisms for self-interested managers.
- Board responsibilities include decision-making, oversight, advisory, approving strategy, and testing performance measures.
Independence:
- Boards are expected to be independent, free from conflicts, and capable of opposing management when necessary.
Week 6
- Board size and composition: Importance of having appropriate diversity of experience and qualifications.
- Board independence: Absence of conflict of interest with the company or its management.
- Ways to build trust: Similarity, increasing exposure, reciprocity, self disclosure.
Week 7
- Enablers: Factors that facilitate speaking up and acting on values.
- Allies, Mentors, Selection and sequencing of audiences, Critical importance of Information, and Questions not statements.
Week 9
- Crisis Management: Standards and conduct required by firms for critical incidents.
Week 10
- Crisis Management: understanding crises and how they affect organisations.
- Corporate Social Responsibility (CSR) issues are important to address during crises.
Week 11
- How to approach a crisis - assess the situations and develop multiple viable solutions.
- Execute quickly, and consider possible challenges.
Week 13
- No content.
Trust Radar and Other Topics
- Importance of Expertise, Empathy, Commitment, and Transparency in crisis responses.
- Key considerations for dealing with crises, including assessing the situation, developing solutions, and executing quickly.
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Description
Explore the fundamental concepts of Ethics in this quiz focused on Week 1. Delve into key theories such as Utilitarianism, Consequentialism, Deontology, and Virtue Ethics. Assess core moral principles and their significance in ethical decision-making.