The Relevance of Kahneman and Tversky's Concept of Framing to Organization

Description: This book examines the impact of "framing" on individual and group decision-making, a concept first explored by Daniel Kahneman and Amos Tversky. The author builds upon their work, known as "Prospect Theory," demonstrating its profound relevance to the field of organizational behavior. The book delves into how the way problems are presented, or framed, can dramatically influence the choices individuals make. This concept of framing, the author argues, has significant explanatory power in understanding various organizational phenomena, including the escalation of commitment, negotiator behavior, and the "risky shift." The author challenges the conventional wisdom in organizational behavior, which often assumes individuals act rationally in response to situations. Instead, this book proposes that the framing of information can systematically bias decision-making. By analyzing these biases, the author sheds light on why seemingly irrational behavior is so common in organizations. The book's insights into framing have the potential to revolutionize our understanding of decision-making in organizations, leading to more effective and efficient approaches to leadership, negotiation, and resource allocation. Forgotten Books publishes hundreds of thousands of rare and classic books.This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some aesthetic errors may persist, however it has been deemed that any such will not detract from the work's significant historical value. The digital edition of all books may be viewed on our website before purchase.

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End Time: 2024-09-28T07:41:35.000Z

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