Deviations from standard of rationality or good judgment

Assignment Help Operation Management

Reference no: EM131665103

Cognitive biases are tendencies to think in certain ways. Cognitive biases can lead to systematic deviations from a standard of rationality or good judgment, and can affect the way we make decisions.

1) Consider at least four cognitive biases and provide an example of how each bias has affected your ability to make decisions. Provide a specific example of each. (1-paragraph per bias discussed).

2) Describe how your personal biases affect your teams.

Reference no: EM131665103

Questions Cloud

Members of vistas club are planning a month long hiking : The members of the Vistas Club are planning a month long hiking and camping trip through the Blue Ridge Mountains, from north Georgia to Virginia.

Practical experience in cost analysis for design : There are many opportunities for a practical experience in cost analysis for design and engineering.

Corruption and transparency are greater problems : Do you think that a quality image is more important in a region of the world where corruption and transparency are greater problems?

Organizational citizenship behaviors : Organizational Citizenship Behaviors have been linked with organizational performance.

Deviations from standard of rationality or good judgment : Cognitive biases are tendencies to think in certain ways. Cognitive biases can lead to systematic deviations from a standard of rationality or good judgment.

How each bias has affected your ability to make decisions : Consider at least four cognitive biases and provide an example of how each bias has affected your ability to make decisions.

What is average inventory if they use the present lot size : How many orders will they place if they use the present lot size? What is the average inventory if they use the present lot size?

What type of enterprise-wide information technologies : What type of Enterprise-wide Information Technologies currently exist that connects the organization that produces a cross-functional company?

Describe how your personal biases affect your teams : Describe how your personal biases affect your teams.

User Account

All Pages