TAILIEUCHUNG - Lecture Judgment in managerial decision making (8e) - Chapter 4: Bounded awareness

After studying this chapter, you should be able to: Explain why a thorough understanding of culture is important for all mangers, define culture, explain how culture affects managerial behavior and practices,. | Judgment in Managerial Decision Making 8e Chapter 4 Bounded Awareness Copyright 2013 John Wiley & Sons 1 Problem 1: Role-Playing Exercise Six people are randomly assigned to the roles A, B, C, D, E, and F. A is randomly selected and given $60 to allot among A, B, C, D, E, and F. The amounts given to B, C, D, E, and F must be equal, but this amount may be different from the amount that A allocates to A (herself/himself). B, C, D, E, and F will be asked to specify the minimum amount that they would accept. If the amount offered by A to each of B, C, D, E, and F is equal to or greater than the largest amount specified by B, C, D, E, or F, the $60 will be divided as specified by A. If, however, any of the amounts specified by B, C, D, E, and F are larger than the amount offered by A, all six parties will receive $0. Take a moment to read the following game. Pretend that you were in the role of Player A. How much money would you allocate to the other players in order to maximize your .

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