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Polanyi, Kahneman and Tversky on Judging and Deciding1 Richard W. Moodey Assistant Professor, Gannon University Professor Emeritus, Allegheny College Polanyi Society Meeting, Nashotah, Wisconsin,
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Fill out Polanyi's concept by understanding tacit knowledge and its importance in personal and organizational decision-making processes.
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Explain Kahneman's theory by grasping the concepts of System 1 and System 2 thinking, and the impact of cognitive biases on decision-making.
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Polanyi and Kahneman refer to concepts, frameworks or methodologies that are likely associated with the works of Michael Polanyi, a philosopher and scientist known for his theories on tacit knowledge, and Daniel Kahneman, a psychologist who received the Nobel Prize in Economic Sciences for his work on behavioral economics and decision-making.
The requirement to file documentation related to Polanyi and Kahneman may depend on the specific context in which these concepts are applied, such as research, reports, or academic submissions. Typically, researchers, scholars, or professionals applying these theories may need to file relevant reports.
Filling out documents related to Polanyi and Kahneman would require understanding the specific context and objectives of your report. Generally, it would involve outlining the key concepts of tacit knowledge and behavioral economics as applicable to your subject matter, and clearly presenting your findings or analysis.
The purpose surrounding Polanyi and Kahneman relates to advancing understanding in their respective fields—Polanyi focusing on the nature of knowledge and knowing, while Kahneman addresses psychological processes that influence economic decisions and judgments.
Information that must be reported would include relevant theories, models, findings, and analyses that pertain to the areas of tacit knowledge and behavioral decision-making as theorized by Polanyi and Kahneman.
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