Attribution Theory

When individuals observe behavior, they attempt to determine whether it is internally or externally caused.

Distinctiveness - shows different behaviors in different situations.

Consensus - response is the same as others to same situation.

Consistency - responds in the same way over time.

Errors and Biases in Attributions

Fundamental Attribution Error

The tendency to underestimate the influence of external factors and overestimate the influence of internal factors when making judgments about the behavior of others .Ex Sales Target

Self-Serving Bias

The tendency for individuals to attribute their own successes to internal factors while putting the blame for failures on external factors.

Mutual Company

A mutual company is a privately held company owned by its policyholders, depositors, or other customers. A share of the profits is distributed as dividends, allocated in proportion to the amount of business each customer does with the company.

Insurance companies, federal savings and loan associations, and savings banks are examples of mutual companies, although each type operates somewhat differently.

Reputed Universities of the World

1)   Harvard University (USA)

2)   Massachusetts Institute of Technology (USA)

3)   University of Cambridge

4)   University of Oxford

5)   Stanford University (USA)

6)   University of California (USA)

7)   Yale University

8)   Princeton University (USA)

9)   Ecole.Polytechnique University (France)