economics

Understanding Management (MindTap Course List)
10th Edition
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Richard L. Daft, Dorothy Marcic
Chapter9: Managing Human Resources And Diversity
Section: Chapter Questions
Problem 1DQ
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  • Detail  the difference between behavioral and non-behavioral economics.
  • Suppose there is a proposal to replace workplace hiring system with a review of applicants’ resume and a skills test, and to eliminate in-person interviews. Given what has have learned about Systems 1 and 2, detail why someone would think this hiring method work better or worse than an interview. What might be the pitfalls of relying on each method?
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