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About the decision-making

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Reference no: EM133183575

Question 1

Explain what an alternative is and why it is important to decision-making.

Question 2

Define System 1 and System 2 thinking. Explain how they are relevant to decision-making.

Question 3

Explain what boundaries are and why they are important in decision-making.

Question 4

Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions.

Question 5

Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making.

Reference no: EM133183575

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