HROB 2090 Lecture Notes - Lecture 11: Confirmation Bias, Information Overload, Bounded Rationality

• School: University of Guelph
• Department: Human Resources and Organizational Behaviour
• Course: HROB 2090
• Professor: sina

Document Summary

Framing: framing refers to the aspects of the presentation of information about a problem that are assumed by decision makers, how problems and decision alternatives are framed can have a powerful impact on resulting decisions. Problem identification and framing: the perfectly rational decision maker should be a great problem identifier, bounded rationality, however, can lead to the following difficulties in problem identification: Problem defined in terms of functional specialty. Too much information: too much information can also damage the quality of decisions. Information overload is the reception of more information than is necessary to make effective decisions. Why use groups: there are a number of reasons for using groups to make organizational decisions: Disadvantages of group decision making: there are a number of potential disadvantages to group decision making: Isolation of the group from other sources of information: the promotion of a particular decision by the group leader (this appears to be the strongest cause).