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I’m studying for my Psychology class and need an explanation.This assignment is based on the following article:Fay, R., & Montague, N. R. (2015). I’m Not Biased, Am I?. Journal Of Accountancy, 219(2), 26-31.STEP 1. Take the quizDownload and read the attached file Fay&MontagueJrAccountancy2015_PARTONE. Your first step is to respond to the six-item decision making quiz described on pp. 26-27 of the attached article (NOT the textbook) BEFORE YOU READ THE FULL ARTICLE.STEP 2. Score yourselfNext, download the attached file Fay&MontagueJrAccountancy2015_PARTTWO. Skip reading the article for now, and go straight to p. 29 of the article. Follow the instructions on how to score yourself. STEP 3. Learn about cognitive biases found to influence accounting ethics.Once you have your results, go back to read pp. 28-31 of this short article where Fay and Montague (2015) explain what these biases mean, and how they may distort your ability to make objective and rational decisions. The five biases discussed in this article were identified by researchers as very common among business professionals; these biases can potentially impede our ability to make good ethical judgments or interfere with our actions when trying to do the right thing. You’ll see more on this topic when you read about Behavioral Ethics in chap 2 from our textbook. STEP 4. Reflect on this topic.Please post your answers to the following questions in the text box of this assignment in the Sakai Assignment folder: 1. Which biases did you identify for yourself from this decision making questionnaire? Clearly, this questionnaire is not comprehensive enough to offer a conclusive result, but the questions are based on existing research about cognitive biases and the results are intended to promote self-reflection. 2. Was there any bias you already knew about yourself? Any bias you did not expect to have?3. How do you think these biases affect decisions you make?4. What steps can you take to overcome these common biases and make more objective decisions?
Requirements: | .doc file | Discussion | 2 pages, Double spaced