Developing better judgment is an ongoing process from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore
The process of developing better judgment is not a one-time event, but rather an ongoing journey that individuals embark upon throughout their lives. It is a continuous effort that requires dedication, self-awareness, and a willingness to learn from both successes and failures. One key aspect of this process is the recognition that judgment is not purely a cognitive function, but is also heavily influenced by emotions, biases, and external factors. By understanding and acknowledging these influences, individuals can work towards making more informed and rational decisions. Moreover, dev...
Similar Posts
Office humor is a coping mechanism
The office is a breeding ground for stress. The endless meetings, the inane corporate jargon, the mind-numbing tasks - it's eno...
Recent or vivid information can dominate our decisions
Our decisions are often heavily influenced by recent events or vivid information that is easily accessible to us. When making d...
Emotions play a significant role in shaping financial choices
Emotions wield immense power when it comes to making financial decisions. These emotions can greatly influence the choices we m...
We rely on mental shortcuts to simplify complex decisions
As human beings, we often find ourselves faced with complex decisions that require careful consideration and analysis. However,...
We are easily influenced by framing
When it comes to making decisions, we may think that we are rational beings who carefully weigh all the pros and cons before co...
People often overestimate their knowledge
The idea that people often overestimate their knowledge may seem counterintuitive at first. After all, isn't knowledge somethin...
Loss aversion impacts risk perception
Loss aversion is a powerful psychological phenomenon that influences the way we perceive risks. People tend to weigh potential ...
Embrace change and adapt to new circumstances
To truly understand the concept of embracing change and adapting to new circumstances, it is imperative to recognize the inhere...
They are open to new ideas
Being open to new ideas is a fundamental aspect of critical thinking. This means being receptive to different perspectives, opi...
Critical thinking helps in decisionmaking
Critical thinking serves as a valuable tool when it comes to making decisions in various aspects of life. By engaging in critic...