Reference no: EM133105273

1. What distinguishes System 1 from System 2 forms of thinking? Outline examples of System 1 forms of thinking and consider the implications these have for effective judgement and decision making. (1000words)

2. How do heuristics and biases in thinking affect personal and/or managerial decision making?(1000words)

3. What is a decision frame? Use Prospect Theory to explain how decision framing influences later stages of the decision process and the implications that this may have for the effectiveness of personal and/or managerial decision making.(1000words)

4. Why is it important for managers to understand that motivational and emotional factors can affect decision making? Offer examples and draw on research evidence to justify your answer.(1000words)

5. Outline the key differences between the Naturalistic and Decision Theoretic approaches to explaining human decision making. Which of these approaches provides a better explanation of managerial decision making? Discuss in connection to the RPD (Recognition-primed decision making) model.(1000words)