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Shelves: motivation-booksonbeingalibrarian Okay so another Graduate required reading book down and this one dealing with Management and how and why we make decisions.
The preface of this book pretty much sums up what you are about to read as they mention the complexities and heuristics involved in pretty much any decision. One of the most intriguing chapters had to do with Biases and what causes people to make decisions such as the Availability heuristic which makes people more likely to make a decision based on the frequency, Okay so another Graduate required reading book down and this one dealing with Management and how and why we make decisions.
One of the most intriguing chapters had to do with Biases and what causes people to make decisions such as the Availability heuristic which makes people more likely to make a decision based on the frequency, probability or likely event that the opportunity is limited in time; the Confirmation Bias which deals with people searching for evidence to support a conclusion or deduction made before hand—as mentioned people will always find facts to support what they want to believe; the Anchoring Bias which is used often in Used Car sales that operates on the initial starting point as a factor to sway a decision..
This outlook on the province of decision-making the authors and their school of though does not contribute to the real life challenges.
If you want to understand which biases are out there this is a good read, with lots of references to the studies in that area. Only a few chapters out of the book were used. There is a lot of good information about management decision making but be aware it goes deep into the scientific side of decision making. The use of gaming theory, biases, blinding and framing.
For the class I got very little out of it. For a general management or skim over decision making type class, this book was too detailed. But for someone wanting a deep understanding of why we do what we do then probably a good read for you.
Judgment in Managerial Decision Making
Judgment in Managerial Decision Making, 8th Edition