Essays on Anchoring

The diagnostic reasoning for clinical diagnoses involves the collection of data and application of systematic approaches to formulating hypotheses and create lists of different diagnoses. However, sometimes the clinician can make errors that that have a direct impact on the way they handle a patient leading to incorrect diagnoses, treatments and overall management plan. Most medical errors are identified as systemic and are usually solved using various interventions as checklists. However, there are other errors that occur during diagnosis and treatment, and these are attributed to flawed diagnostic reasoning (Wellbery, 2011). Diagnostic reasoning errors are mostly caused by heuristics ...

QUESTION 1

One can begin to think clearly about these types of events without being "that guy,” and one can have a rational discussion about this. One of the characteristics of Extremistan is that it is more likely to be found in our modern society implying that it is living and not dependent on the old environment like mediocristan. Mediocristan tends to favor the weak by making sure that the total is not determined by a single instance whereas, in Extremistan a person gets the full due of what they are supposed to get. It, therefore, goes without saying that one ...

Taking a trip down memory lane my personality has undergone many changes; certain aspects of my personality have remained the same whereas others have considerably changed. At times it becomes tricky describing my personality because one day I presume I'm very extroverted while the next those around me feel I'm introverted. However, I have learned to embrace all these changes positively as they continue to shape me into a better person. For years, certain aspects of my personality such as my height and skin color have remained consistent for a long time. After undergoing all the adolescence changes, I ...

Business Role-play: Negotiation

Business Role-play: Negotiation

Introduction

This negotiation took place between two different teams. The first team, made up of three team members, was tasked with selling a product to the second team for sale in retail stores in the Kingdom of Saudi Arabia. During this negotiation, both teams had a clear goal: to make a good business deal and build a good relationship with members of the other team. This was mainly a preliminary negotiation, which means that both teams were talking primarily about a single product. This product is a protein powder, which team 1—the sales team—claims is ...

Summary of Thinking, fast, and slow by Daniel Kahneman

George Mason University Summary of Thinking, fast, and slow by Daniel Kahneman Introduction The author, Daniel Kahneman, hopes that the readers would benefit from the reading of his book, which is about biases of intuition. According to the author, it can be a tough choice between what we believe and what we want. Friends and colleagues help us in making and evaluating choices. The thinking process is one conscious thought leading to another. The mental work creates impressions and intuitions silently in our minds. We allow our beliefs, feelings and preferences to feel confident about our decision, even if ...

Anchoring also known as pivoting or focalism may be defined as a cognitive prejudice capturing the human propensity to rely, rather too heavily or as the word calls, anchor, on a single characteristic, angle, or piece of information when arriving at decisions. It’s more evident when children make decisions about their surroundings and how they take a ‘monoperspective’ on the same. Adjustment on the other hand involves articulating the information one has into reaching a plausible estimate[ CITATION Rei09 \l 1033 ].

Anchoring and adjustment therefore describe the art of basing heavily on a piece of information then bending it into a realistic estimate to ...