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Foundations of Decision Making Process by Qistina Nafisah Iman Kamarulzaman is a document available to read on EtoBox.

What is Foundations of Decision Making Process about?

This document discusses common biases and errors that can negatively impact decision making. It outlines overconfidence bias, immediate gratification bias, anchoring effect, selective perception bias, confirmation bias, framing bias, availability bias, representation bias, randomness bias, sunk costs error, self-serving bias, and hindsight bias. It also discusses three approaches to decision making - the rational model, bounded rationality, and satisficing. Finally, it outlines different types of decisions

Author

Qistina Nafisah Iman Kamarulzaman

Language

EN