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Managerial Decision Making

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Discuss how bias has blocked your ability to make a rational decision. In your answer, discuss the heuristic that you may have used and the bias associated with that heuristic. What could you have done to overcome the bias generated by the heuristic? 200-300 words APA format

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The response addresses the queries posted in 366 words with references.

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The response addresses the queries posted in 366 words with references.

//As per the directions, we will write about the influence of biasness on making rational decisions. Along with this, we will also discuss about the 'Heuristic' involved in making rational decision and the bias associated with that heuristic. We will also talk about the process to overcome the predisposition generated by the heuristic.//

Heuristics and Rational Decision Making

Rational decision making is important for an individual, as well as, an organization. It is due to the reason that in case of irrational decision making, the outcomes of the decisions will not be beneficial from an ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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