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    Decision Making

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    From our learning this unit we discovered that there are 5 different types of behavioral traps:

    the time delay trap
    the investment trap
    the deterioration trap
    the ignorance trap
    the collective trap

    Remember that behavioral traps are almost always identified in hindsight but an awareness of them can help us, as decision makers, avoid becoming "trapped."
    Post an answer to the following questions:

    1-Based on your reading and research during Unit 4, in your opinion, which one of the 5 behavioral traps listed above do you believe is the easiest to fall into and which one is the easiest to avoid? Be sure to support your conclusions for each trap (avoid putting both findings and support in the same block paragraph).

    2-Identify an example of how an individual may fall into one of the traps you identified. Be sure to clearly identify "which" trap the example relates toward as well as "why" it is applicable.

    Reference in APA style, please

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    Solution Preview

    The Response Addresses the Queries Posted in 354 Words, APA References

    Identification of Behavioral Trap

    A behavioral trap or often known as a social trap describes a situation in which a group of individuals act to get short-term individual gains and this short term gain results in a loss in the long run for the group as a whole. A behavioral trap is undesired and one can not just manage to get away with it. Deterioration trap is the easiest to fall in because in this, the things that appear to be nice earlier result in bad consequences ...

    Solution Summary

    The Response Addresses the Queries Posted in 354 Words, APA References