oter

People tend to stick to their initial judgments from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore

When faced with making a decision, individuals often rely on their initial judgments as a guiding force. This tendency to stick to one's first impressions can have significant implications for the decision-making process. People tend to give more weight to information that supports their initial beliefs and discount evidence that contradicts them. This confirmation bias can lead individuals to overlook valuable information that could potentially change their decision. Additionally, individuals may become overconfident in their initial judgments, believing that they have made the right choice without considering alternative perspectives. This overconfidence can blind individuals to the potential risks and uncertainties associated with their decision. As a result, they may miss out on opportunities for improvement or fail to anticipate potential pitfalls. Furthermore, individuals may ...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    With reason as our guiding principle, we can create a better world for future generations
    With reason as our guiding principle, we can create a better world for future generations
    Reason, as a guiding principle, holds immense power in shaping the course of humanity's future. By allowing reason to illuminat...
    Reflecting on past experiences boosts learning
    Reflecting on past experiences boosts learning
    When we take the time to reflect on our past experiences, we are essentially engaging in a process that boosts our ability to l...
    Stay disciplined in your actions
    Stay disciplined in your actions
    Discipline is the bedrock of success. It is the ability to stay laser-focused on your goals and consistently take the necessary...
    Overcoming fear of failure
    Overcoming fear of failure
    Fear of failure can be a powerful force that holds us back from pursuing our goals and dreams. It can prevent us from taking ri...
    Applying critical thinking leads to better problemsolving outcomes
    Applying critical thinking leads to better problemsolving outcomes
    When we engage in critical thinking, we are actively analyzing, evaluating, and synthesizing information to make informed decis...
    Develop your creativity
    Develop your creativity
    Creativity is a key skill that can be developed and nurtured over time. It involves the ability to think outside the box, come ...
    Refine your reasoning
    Refine your reasoning
    To refine your reasoning means to carefully analyze and enhance your thought process in order to make more sound and logical de...
    Evaluating evidence and premises
    Evaluating evidence and premises
    When we engage in logical thinking, it is essential to carefully examine the evidence and premises that support our arguments. ...
    We are more knowledgeable together than we are alone
    We are more knowledgeable together than we are alone
    One of the key insights put forth in "The Knowledge Illusion" is the idea that our individual knowledge is limited and often in...
    Understand the impact of emotions on choices
    Understand the impact of emotions on choices
    Understanding the impact of emotions on choices is crucial in the world of marketing and decision-making. Emotions play a signi...
    oter

    Judgment in Managerial Decision Making

    Max H. Bazerman

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.