Ovido
Språk
  • Engelska
  • Spanska
  • Franska
  • Portugisiska
  • Tyska
  • Italienska
  • Nederländska
  • Svenska
Text
  • Stora bokstäver

Användare

  • Logga in
  • Skapa konto
  • Uppgradera till Premium
Ovido
  • Hem
  • Logga in
  • Skapa konto

2400 chp 11

well structured problems

recognizable, has been done before, and is pre-programmed

ill-structured problems

has not been done before, nor programmed, and no specific steps

rational decision making model

1. Identify problem

2. Search for relevant information


3. Develop alternative solutions


4. Evaluate alternative solutions


5. Choose the best solution


6. Implement chosen solution


7. Monitor and evaluate decision

perfect rationality

decision strategy that is completely informed, perfectly logical and oriented toward economic gain

bounded rationality

decision strategy that relies on limited information and that reflects time constraints and political considerations that act as bounds to rationality

cognitive biases

tendencies to acquire information in a way that is prone to error

availibility bias

favour information that can be accessed quickly and easily, and remember vivid events

conformation bias

tendency for people to seek information that conforms one's own perspective

anchoring bias

overestimate the likelihood of chain of events happening

framing effect

how we frame problems and alternatives can have a impact on decisions

information overload

too much information causes difficulty to understand

satisficing

decision maker establishes an adequate level of acceptability for a solution and screens alternatives until one is found that exceeds this level

justification

the action of showing something to be reasonable

escalation of commitment

tendency to invest additional resources in failing course of action

- not appear wasteful

- personality

- sunk costs

hindsight

tendency to review decision making process that was used AFTER

Groups perform better than individuals when:

○ Diversity of member skills
○ Weigh combined individual judgements

○ Groups can be wiser when individual thinking is encouraged

Group effects on decision making:

○ Decision quality
○ Decision acceptance and commitment

○ Diffusion of responsibility: ability of members to share burden on consequences

Disadvantages of group decision making:

○ Time
§ Takes more effort and time than an individual

○ Conflict

§ Participants may have different opinions

○ Domination

§ There might be louder group participants

○ Groupthink

§ Discourages creativity and individual responsibility

Factors influencing groupthink:

□ High cohesiveness
□ Strong identification with group

□ Concern for approval from group

□ Isolation of other sources of information

Promotion of decision by group leader

Symptoms of groupthink:

- Illusion of invulnerability
- Illusion of morality

- Rationalization

- Self-censorship

- Illusion of unanimity

- mind guards

How to prevent groupthink:

□ Leaders should avoid undue pressure
□ Encourage people to disagree

□ Outside experts can be used to challenge group views

□ Controversy stimulation

Devils advocate

Risky shift

tendency to make riskier decisions than average risk advocated by individual members

Conservative

tendency to make less risky decisions than average risk advocated by individual members

Quiz
11 aug
Fil (AUG 10) akademiko
Joong Goop Sohn Mohk Soo
Biology
English
Hemorragia digestiva alta
Pre-OPC test
Metodologia guia
Guia computacion :)
sentences
procrastination
Commerce Grade 11
PHILIPPINE HISTORY AND RIZAL
goddess of isis
Mental arithmetic
Mental arithmetic
打电话
道學
informatica 2
abv
abv
UT1
Anatomía dental 1. Conceptos básicos denticiones
Sourah Al-Fatihah الفاتحة
EMPO TECH
abv 2
Farmacos antihistaminicos
Sourah Al-Fatihah الفاتحة mot à mot anglais
Ministers and their portfolios
MDPARAS
what is adolescence?
CFMS - copy
Science|Major part of the cell|Cell Theory
天气
cna
Materiales dentales 1. Clasificación & propiedades físicas
2400 chp 10
Hipertensión portal
Cirrosis
högskoleprov
75 test
chemical coordination
吃外家
FILKOM
FILKOM
CDP Conditionally Tax and/or Duty- Exempt Importation
chapter 15
早饭,午饭和晚饭
Science
OVIDO MULTIPLE CHOICE