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UCLA Cognitive Biases Rational Decision Making Model Paper

 

  • Give an example of one of the cognitive biases. This can be an example from your own experience, or a made up example. This cannot be an example from the text.
  • What biases, either perceptual or decision making, do you find you use most commonly?  What actions can you take to reduce the effects of those biases?
  • Compare and contrast the rational decision making model with the idea of bounded rationality and intuitive decision making.
  • As a manager, how can you best create a format for decision making for complex decisions?