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What is Barriers to Effective Decision Making about?

There are several potential obstacles to effective decision making including judgement biases, escalation of commitment, and groupthink. Judgement biases refer to mental shortcuts that can lead to erroneous conclusions, such as the availability and representativeness heuristics. Escalation of commitment involves continuing to invest resources in a failing course of action due to sunk costs. Groupthink occurs when group cohesion results in poor decisions due to pressure to conform and rationalization. Techni

Author

Rafi Muhammad Rao

Language

EN