Was escalation of commitment involved in making the decision

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Reference no: EM131532714

Question: Analyzing Individual and Group Decisions Think of two important decisions you have recently made- one you made individually and one you made as a member of a group. Describe each decision. For each decision, answer these questions:

1. Was the process by which you made the decision more accurately described by the classical model or by March and Simon's model? Why?

2. In what ways were heuristics involved in making the decision?

3. Was escalation of commitment involved in making the decision?

4. Why did you make the individual decision on your own rather than in a group? Do you think a better decision would have been made if the decision had been made in a group? Why or why not?

5. Why did you make the other decision as a member of a group rather than on your own? Do you think you could have made a better decision on your own? Why or why not?

Reference no: EM131532714

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