Assignment:
Question 1. Review some of the most common decision-making biases that help to explain why managers don’t always make optimal decisions. Consider a bad decision that impacted you—whether it was made by your manager, or by yourself, or even by a policy maker. Explain the decision process and the outcome. Identify the factors that contributed to this bad decision—including any use of cognitive biases, heuristics, or bounded rationality—and recommend an alternative approach to this decision that encourages critical thinking skills and processes that deter faulty or extraneous decision-making habits.