Decision making-behavioral traps

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Reference no: EM1382897

These're the five different types of behavioral traps: The time delay trap the investment trap deterioration trap the ignorance trap collective trap. Remember that behavioral traps are almost always identified in hindsight but an awareness of them can help us, as decision makers, avoid becoming "trapped."

In your opinion, which one of the 5 behavioral traps listed above do you believe is the easiest to fall into and which one is the easiest to avoid? Be sure to support your conclusions for each trap (avoid putting both findings and support in the same block paragraph). Identify an example of how an individual may fall into one of the traps you identified. Be sure to clearly identify "which" trap the example relates toward as well as "why" it is applicable.

Reference no: EM1382897

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