Please enable JavaScript.
Coggle requires JavaScript to display documents.
M1 Decision-Making Across Cultures-Lecture Yates_Lee_Chinese Decision…
M1 Decision-Making Across Cultures-Lecture
Yates_Lee_Chinese Decision making
Considerations
Representation
The most widely discussed difference in China and Western:
social relations
, including the
public-private advantage of the superior,
publicly acknowledged social status
, and the extent to which is the
less powerful member of organizations and institutions (like the family) accept and expect that power is distributed unequally
.
Judgement
Expected utility max.: Decision-relevant likelihood assessments: probabilities& higher probabilities to happen
Everyday intuitive approaches: objectives/ assumption of random sampling/observation, experiences in the past
Experts, use the assessments of the consultant whose judgments are usually accurate
Variations in Overconfidence
?
Explanations for Calibration Variations
?
The Role of Alternative Forms of Uncertainty
?
Value
Shaped by experiences, risk-averse
Chinese "cautious shifts" instead of western "risk shifts"
Participation
Collaboration, vertical structure
acknowledged experts
Slow in D-M: reviewed by superiors, consensus among peers, and cultural values
"being slow in word but prompt in deed"
D-M Styles
Dispassionate and rationalistic, resting heavily on objectives, situational facts rather on considerations of other people's feelings-collectivism
Significance of Chinese/non-Chinese D-M Differences
Doubt
universal
decision principals
Practical ones, opposites position
Conclusion: Learn the successful patterns of Chinese D-M if success continues
D-M Modes
The Folk Precedent Matching Concept
Classic and folk stories
Folk Precedent Matching as a Decision Mode
Reliance on rule-based decision making
Folk history