Human Biases and Ethics in a Negotiation

Human Biases and Ethics in a Negotiation

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Business

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The video discusses how cognitive biases impact ethical decision-making in negotiations. It introduces several biases, including bounded ethicality, the illusion of superiority, the illusion of control, and the overconfidence effect. Each bias affects how individuals process information and make ethical judgments, often leading to unethical practices or misjudgments. The video emphasizes the importance of recognizing these biases to improve ethical decision-making.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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