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Foundations of Decision Making (Decision-Making Errors and Biases (Framing…
Foundations of Decision Making
Decision-Making Errors and Biases
Framing
Availability
Confirmation
Representation
Selective Perception
Randomness
Anchoring effect
Sunk costs
Immediate gratification
Self-Serving
Overconfidence
Hindsight
3 Approaches to make Decisions
Bounded Rationality
Intuition and Managerial Decision Making
Experience-Based decisions
Affect-Initiated Decisions
Cognitive-Based Decisions
Subconscious Mental Processing
Values or Ethics-Based Decisions
Rational Model
Problems in Decision-Making
structured problems
policies
rules
procedures
unstructured problems
Decision-Making Conditions
Risk
Uncertainty
Certainty
Group Decision Making
Nominal group technique
electronic meeting
Brainstorming
Contemporary Decision-Making Issues
creativity and design thinking
big data
national culture