Egocentric bias

Festinger developed a cognitive dissonance theory that exclaimed people feel uncomfortable with inconsistency in their actions and morals and will work to either alter their actions or their opinions to reconcile this dissatisfaction. Avoiding scenarios that exacerbate these feelings is a tactic used to reduce dissonance. Many factors influence how much power this dissonance has over someone. I will be addressing cognitive dissonance and critical thinking issues related to racism and police…

Course ADVANCED ECONOMETRICS Programme MSc in Finance Site HEC Lausanne Semester Fall 2014 Module Leader Diane Pierret Teaching Assistant Daria Kalyaeva Assessment Type: Empirical Assignment Assessment Title: A Dynamic Model for Switzerland GDP Written by: Group Y (Ariane Kesrewani & Alan Lucero) Additional attachments: Zip Folder containing Matlab code, data and…

Journalism has become an integral aspect of the human race for the last 100 years. It has allowed the average citizen to be further informed with their community and have an improved means to influence their government. As time progressed, it only made sense that a progressive development of news coverage was created. Unfortunately, in order to be prosperous, a news organization needs to have views and may resort to sensationalizing a story. This may lead to false assumptions and disorder and…

growing society. One particular reason in which the media is causing harm is what many people like to call media bias, which is the practice of how many news journalist decide in which stories to cover and how they want to cover it. After knowing how media bias works, it leads to the second reason in which does the media report fairly and how the news lies…

At the rate of which media consolidation is going, broadcasts and newspapers aren’t even providing news and information anymore, but are more focused on selling their customers products to make more of a profit. Since most of the same corporations own multiple areas of media like television stations, magazines, and newspapers, they are all geared to make more profit as they all lie in the same market. One way is cross promotion and cross production (online database). Cross production and…

White Construction Cost Estimating Process Overview There are several different levels of estimating used in estimating cost for a construction project. Each level serves a different purpose, dependent on the stage of the project, and has varying margin of errors. Estimates made during earlier stages have a larger margin of error compare to the final estimate report. In this text, the process of preparing a detailed cost estimates will be the main topic with an emphasized on White Construction’s…

talks about how the media distorts the issues that are broadcasted in the news. Bernie Goldberg, also a Fox News contributor, says in a interview with John Stossel that America is stuck in a contradictory media culture and bias is everywhere in the news. There is also a huge bias on the viewer's part and people are wanting to get their opinions justified. Liberals watch the Liberal networks and Conservatives watch Conservative networks to get their views validated. Before there was not much of a…

In the 2007 passage titled “The Liberal Media Exposed”, the author argues that there is a strong, growing liberal bias which dominates the media. Meanwhile, The Nation columnist and independent weblogger for MSNBC.com Eric Alterman contradicts this argument in the 2003 article “What Liberal Media?”, asserting that conservatives are extremely well represented in every facet of the media. Although Alterman uses a quotation which states that “the liberal press is much larger”, he argues that the…

The media outlets have become a polarized institution which utilized a broad range of common fallacies to convey messages to their audience. One example is the recent presidential election. Some of the media outlets virtually create a lot of distractions. And, too often, there are many irrelevancies which were calculated to distract viewers, in particular, the American people from the real issues at large. We have recently heard of reported instances of “Fake News.” Sadly, this is the case,…

Anchoring is a cognitive bias referring to the fact that individuals choosing numeric values are influenced by momentarily present information, without being aware of it. It describes the common tendency to rely on the first piece of information offered when making decisions. Anchors can be eternally provided or self generated. The broad idea of anchoring can be seen through a quality seen in goslings. Dan Ariely’s describes in his book, Predictable Irrationality, that, “goslings, upon breaking out…