Our decisions are not always rational from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore
Human decisions are often believed to be the result of a rational thought process, carefully weighing the pros and cons of various options before arriving at a logical conclusion. However, the reality is far more complex. Our decisions are often influenced by a myriad of cognitive biases and psychological factors that can lead us astray from making truly rational choices. One of the primary reasons for this deviation from rationality is our reliance on heuristics, or mental shortcuts, when making decisions. These shortcuts allow us to make quick judgments without expending too much mental effort, but they can also lead to errors in judgment. For example, we may rely on the availability heuristic, where we base our decisions on t...
Similar Posts
Compound interest is a powerful wealthbuilding tool
Compound interest is a wonder of the financial world. It's like a magic trick that keeps on giving. The concept is simple: your...
Persuasion skills: mastering the art of influence
Mastering the art of influence involves honing your persuasion skills to effectively sway others in your favor. It is about und...
Office jargon is a language of its own
Office jargon is a unique form of communication that has evolved over time within the workplace. It consists of a collection of...
The impact of technology on modern dating
The way people date today is completely different from how they did it in the past. Technology has fundamentally changed the da...
Focus on longterm thinking
When making decisions, it's crucial to focus on the long term. Short-term thinking often leads to poor decisions and missed opp...
Embrace constructive conflict
To thrive in the modern world, we must learn to engage in constructive conflict. This type of conflict involves challenging oth...
Cultivating positive emotions can lead to greater happiness
Cultivating positive emotions can lead to greater happiness. This idea is supported by research that shows how our emotions pla...
Think before reacting
Before responding to a situation, it is crucial to take a moment to consider your thoughts and emotions. This pause allows you ...
Continuous learning is key to improving judgment
Continuous learning is essential for individuals to enhance their judgment skills. By actively seeking out new information, per...
Creativity can lead to innovative solutions
Creativity is a powerful force that has the potential to unlock innovative solutions to complex problems. When we approach chal...