BUAD 304 Lecture Notes - Lecture 1: Online Writing Lab, Video Lesson, Howard Raiffa
Document Summary
This module will answer these questions and provide an overview of perception and decision-making. After reviewing decision-making theories and discussing the most common biases that creep into these processes, this module will present strategies for how to make effective decisions and give students an opportunity to employ these strategies in their own decision-making. Learning objectives: understand how individuals make attributions for others" behavior (attribution. Dave considers it an easy, while the reality might be much harder. Sometimes boring tasks can be time consuming, and tiring. ///sunk cost effect can go with job a as dave would put in his own money, and if the plan doesn"t work well, whether he will be available to draw back is a problem: overconfidence, impulsivity, hindsight bias) In job b, dave hopes to receive annula compensation equal or greater to,; it is overconfidence and impulsivity may let him not objectively evaluate this. Readings: hammond, j. s. , keeney, r. l. , & raiffa, h. (1999).
