MGT 300 CSUGC Business Decision Making & Reasoning Quality Discussion

User Generated

zhyyrgqonyy

Business Finance

mgt 300

Colorado State University Global Campus

MGT

Description

We  learn in this module about some of the most common decision-making  biases that get in the way when we try to optimize the outcomes of our  decisions. Think of a time when you were a victim of one or more biases.  What was the outcome? How might you bring about a different outcome if a  similar experience occurred today? Support your comments by discussing  one or more examples from the contemporary environment that parallel  your experience. Cite at least one example from popular media  (newspaper, radio, television, internet, or podcast, for example).


Required

  • Chapters 4 & 5 in Fundamentals of Management

Recommended

  • Altendorfer, K., Felberbauer, T.,  & Jodlbauer, H. (2016). Effects  of forecast errors on optimal utilisation in aggregate production planning with  stochastic customer demand. International  Journal of Production Research, 1-18.
  • Duska, R. (2017). Unethical  behavioral finance: Why good people do bad things. Journal of Financial Service Professionals,  71(1), 25-28.
  • Jones, & Sharpe. (2017). Cognitive  bias modification: A review of meta-analyses. Journal of Affective Disorders, 223, 175-183. 

Explanation & Answer:
250 words
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Explanation & Answer

Attached.

Running head: DECISION MAKING BIASES

1

Decision-Making Biases
Student’s Name
Institution Affiliation
Date

DECISION-MAKING BIASES

2

It is a common factor for certain perceptions that close our mind easily to affect the
quality of our decision making and reasoning. Such biasness can be painted by our life
experience or from the general presentation of the life we are living in which at times blinds as
not to employ reasoning. Such kind of biasness happened to me in the l...


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