The 8 Errors Of Decision Making

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The 8 Errors of Decision Making

Author : Samuel Inbaraja S
Publisher : Samuel Inbaraja S
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis The 8 Errors of Decision Making by : Samuel Inbaraja S

Download or read book The 8 Errors of Decision Making written by Samuel Inbaraja S and published by Samuel Inbaraja S. This book was released on 2024-06-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you’ve ever wondered why smart people make irrational choices, or why your carefully thought-out plans sometimes fail, you’re not alone. We all fall prey to subtle psychological traps that skew our thinking and lead us astray. This book is your guide to understanding and overcoming these mental pitfalls, using real-world examples to illustrate each concept. Every day, we make countless decisions, from the mundane to the monumental. Whether it's choosing what to have for lunch, deciding on a career change, or navigating a relationship, each decision is a potential minefield of psychological traps. These traps can distort our judgment, leading to poor outcomes and regret. The good news is that by recognizing these traps, we can learn to sidestep them and make better decisions. This book is structured around eight common psychological traps: the Anchoring Trap, the Status Quo Trap, the Sunk Cost Trap, the Confirming Evidence Trap, the Framing Trap, the Overconfidence Trap, the Prudence Trap, and the Recallability Trap. Each chapter delves into one of these traps, explaining how it works, why it’s so effective, and how you can avoid falling into it.

Noise

Author : Daniel Kahneman
Publisher : Little, Brown
ISBN 13 : 031645138X
Total Pages : 429 pages
Book Rating : 4.3/5 (164 download)

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Book Synopsis Noise by : Daniel Kahneman

Download or read book Noise written by Daniel Kahneman and published by Little, Brown. This book was released on 2021-05-18 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nobel Prize-winning author of Thinking, Fast and Slow and the coauthor of Nudge, a revolutionary exploration of why people make bad judgments and how to make better ones—"a tour de force” (New York Times). Imagine that two doctors in the same city give different diagnoses to identical patients—or that two judges in the same courthouse give markedly different sentences to people who have committed the same crime. Suppose that different interviewers at the same firm make different decisions about indistinguishable job applicants—or that when a company is handling customer complaints, the resolution depends on who happens to answer the phone. Now imagine that the same doctor, the same judge, the same interviewer, or the same customer service agent makes different decisions depending on whether it is morning or afternoon, or Monday rather than Wednesday. These are examples of noise: variability in judgments that should be identical. In Noise, Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein show the detrimental effects of noise in many fields, including medicine, law, economic forecasting, forensic science, bail, child protection, strategy, performance reviews, and personnel selection. Wherever there is judgment, there is noise. Yet, most of the time, individuals and organizations alike are unaware of it. They neglect noise. With a few simple remedies, people can reduce both noise and bias, and so make far better decisions. Packed with original ideas, and offering the same kinds of research-based insights that made Thinking, Fast and Slow and Nudge groundbreaking New York Times bestsellers, Noise explains how and why humans are so susceptible to noise in judgment—and what we can do about it.

Iceberg Sighted: Decision-Making Techniques to avoid titanic disasters

Author :
Publisher : e-Diciones KOLAB
ISBN 13 : 8493879835
Total Pages : 151 pages
Book Rating : 4.4/5 (938 download)

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Book Synopsis Iceberg Sighted: Decision-Making Techniques to avoid titanic disasters by :

Download or read book Iceberg Sighted: Decision-Making Techniques to avoid titanic disasters written by and published by e-Diciones KOLAB. This book was released on with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Judgment Misguided

Author : Jonathan Baron
Publisher : Oxford University Press, USA
ISBN 13 : 0195111087
Total Pages : 238 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Judgment Misguided by : Jonathan Baron

Download or read book Judgment Misguided written by Jonathan Baron and published by Oxford University Press, USA. This book was released on 1998 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: People often follow intuitive principles of decision making, ranging from group loyalty to the belief that nature is benign. But instead of using these principles as rules of thumb, we often treat them as absolutes and ignore the consequences of following them blindly. In Judgment Misguided, Jonathan Baron explores our well-meant and deeply felt personal intuitions about what is right and wrong, and how they affect the public domain. Baron argues that when these intuitions are valued in their own right, rather than as a means to another end, they often prevent us from achieving the results we want. Focusing on cases where our intuitive principles take over public decision making, the book examines some of our most common intuitions and the ways they can be misused. According to Baron, we can avoid these problems by paying more attention to the effects of our decisions. Written in a accessible style, the book is filled with compelling case studies, such as abortion, nuclear power, immigration, and the decline of the Atlantic fishery, among others, which illustrate a range of intuitions and how they impede the public's best interests. Judgment Misguided will be important reading for those involved in public decision making, and researchers and students in psychology and the social sciences, as well as everyone looking for insight into the decisions that affect us all.

Thinking, Fast and Slow

Author : Daniel Kahneman
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429969350
Total Pages : 511 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Thinking, Fast and Slow by : Daniel Kahneman

Download or read book Thinking, Fast and Slow written by Daniel Kahneman and published by Farrar, Straus and Giroux. This book was released on 2011-10-25 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: *Major New York Times Bestseller *More than 2.6 million copies sold *One of The New York Times Book Review's ten best books of the year *Selected by The Wall Street Journal as one of the best nonfiction books of the year *Presidential Medal of Freedom Recipient *Daniel Kahneman's work with Amos Tversky is the subject of Michael Lewis's best-selling The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, world-famous psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Topping bestseller lists for almost ten years, Thinking, Fast and Slow is a contemporary classic, an essential book that has changed the lives of millions of readers.

Decision Traps

Author : J. Edward Russo
Publisher : Touchstone
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Decision Traps by : J. Edward Russo

Download or read book Decision Traps written by J. Edward Russo and published by Touchstone. This book was released on 1990 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two experts in business management show how to avoid the ten common pitfalls that ensanre decision makers. The very latest research in the fields of business and psychology has been distilled into practical training methods that will save readers from ever making a bad decision again.

Errors in Evidence-Based Decision Making

Author : Robert W. Janke
Publisher : Rowman & Littlefield
ISBN 13 : 1475810822
Total Pages : 205 pages
Book Rating : 4.4/5 (758 download)

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Book Synopsis Errors in Evidence-Based Decision Making by : Robert W. Janke

Download or read book Errors in Evidence-Based Decision Making written by Robert W. Janke and published by Rowman & Littlefield. This book was released on 2014-06-25 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing research methods textbooks emphasize the mechanics of HOW to conduct research studies. However, many students fail to see WHY it is important to learn about research because they will never conduct research studies. These students do not become engaged in learning and believe that research courses and textbooks are useless. They do not see the need of developing “research literacy” to understand the applications and limitations of research to their daily lives. This book engages students with a nonmathematical presentation that includes real examples of the consequences of research errors in daily life. The organization facilitates learning with objectives, concepts, description of errors, best practices, and examples. This is a research methods textbook for students who fear research textbooks. The diversity of topics in this book permits application to research methods courses in these academic fields: Economics, Education, Political Science, Psychology, and Sociology. This should be the first book for all students to introduce research and develop “research literacy”.

The Paradox of Choice

Author : Barry Schwartz
Publisher : Harper Collins
ISBN 13 : 0061748994
Total Pages : 308 pages
Book Rating : 4.0/5 (617 download)

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Book Synopsis The Paradox of Choice by : Barry Schwartz

Download or read book The Paradox of Choice written by Barry Schwartz and published by Harper Collins. This book was released on 2009-10-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.

101 Cognitive Errors: Decision Making

Author : Mostafa Maleki Tehrani
Publisher : Firouz Media
ISBN 13 : 1915557143
Total Pages : 106 pages
Book Rating : 4.9/5 (155 download)

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Book Synopsis 101 Cognitive Errors: Decision Making by : Mostafa Maleki Tehrani

Download or read book 101 Cognitive Errors: Decision Making written by Mostafa Maleki Tehrani and published by Firouz Media. This book was released on 2023-01-25 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-making errors, both perceptual and logical, can have far-reaching consequences in our lives. To better understand how these errors can affect our decision-making, this book offers examples of mistakes people often make in their personal and professional lives. These mistakes can range from minor missteps to dramatic misjudgments, but ultimately all lead to a negative outcome. By examining examples of these blunders, one can better recognize the signals of faulty decision-making and take steps to avoid them in the future.

Judgment Under Uncertainty

Author : Daniel Kahneman
Publisher : Cambridge University Press
ISBN 13 : 9780521284141
Total Pages : 574 pages
Book Rating : 4.2/5 (841 download)

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Book Synopsis Judgment Under Uncertainty by : Daniel Kahneman

Download or read book Judgment Under Uncertainty written by Daniel Kahneman and published by Cambridge University Press. This book was released on 1982-04-30 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, and political situations as well. Most review multiple studies or entire subareas rather than describing single experimental studies.

Think Again

Author : Sydney Finkelstein
Publisher : Harvard Business Press
ISBN 13 : 1422133370
Total Pages : 257 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis Think Again by : Sydney Finkelstein

Download or read book Think Again written by Sydney Finkelstein and published by Harvard Business Press. This book was released on 2009-02-03 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do smart and experienced leaders make flawed, even catastrophic, decisions? Why do people keep believing they have made the right choice, even with the disastrous result staring them in the face? And how can you be sure you're making the right decision--without the benefit of hindsight? Sydney Finkelstein, Jo Whitehead, and Andrew Campbell show how the usually beneficial processes of the human mind can become traps when we face big decisions. The authors show how the shortcuts our brains have learned to take over millennia of evolution can derail our decision making. Think Again offers a powerful model for making better decisions, describing the key red flags to watch for and detailing the decision-making safeguards we need. Using examples from business, politics, and history, Think Again deconstructs bad decisions, as they unfolded in real time, to show how you can avoid the same fate.

Advances in Patient Safety

Author : Kerm Henriksen
Publisher :
ISBN 13 :
Total Pages : 526 pages
Book Rating : 4.7/5 (54 download)

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Book Synopsis Advances in Patient Safety by : Kerm Henriksen

Download or read book Advances in Patient Safety written by Kerm Henriksen and published by . This book was released on 2005 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: v. 1. Research findings -- v. 2. Concepts and methodology -- v. 3. Implementation issues -- v. 4. Programs, tools and products.

Handbook of Decision Making

Author : Paul C. Nutt
Publisher : John Wiley & Sons
ISBN 13 : 1444323121
Total Pages : 723 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis Handbook of Decision Making by : Paul C. Nutt

Download or read book Handbook of Decision Making written by Paul C. Nutt and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 723 pages. Available in PDF, EPUB and Kindle. Book excerpt: HANDBOOK OF DECISION MAKING This handbook offers a state-of-the-art overview of research and theories on decision making in organizations at the strategic level of analysis. Chapters are authored by leading international scholars, with some illustrative case vignettes from practitioners. Each contributor was selected for his/her special knowledge of the field. The Handbook addresses key questions confronting the decision making research of the past and the present, offers critiques, and suggests future research directions. Topics covered emphasize the classic decision theory perspectives while also incorporating recent insights from the fields of strategic choice, risk & uncertainty, scenario planning and complexity theory, with a broad social science perspective on the disciplinary roots of decision theory in economics, politics, and social theory. This is a landmark reference volume for the field, offering scholars and practitioners: Comprehensive, but accessible, coverage of classic and recent developments Chapters by established international experts Case analyses illustrating practical consequences of theories Guide to new research directions and theory

Goal-Directed Decision Making

Author : Richard W. Morris
Publisher : Academic Press
ISBN 13 : 0128120991
Total Pages : 486 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Goal-Directed Decision Making by : Richard W. Morris

Download or read book Goal-Directed Decision Making written by Richard W. Morris and published by Academic Press. This book was released on 2018-08-23 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Goal-Directed Decision Making: Computations and Neural Circuits examines the role of goal-directed choice. It begins with an examination of the computations performed by associated circuits, but then moves on to in-depth examinations on how goal-directed learning interacts with other forms of choice and response selection. This is the only book that embraces the multidisciplinary nature of this area of decision-making, integrating our knowledge of goal-directed decision-making from basic, computational, clinical, and ethology research into a single resource that is invaluable for neuroscientists, psychologists and computer scientists alike. The book presents discussions on the broader field of decision-making and how it has expanded to incorporate ideas related to flexible behaviors, such as cognitive control, economic choice, and Bayesian inference, as well as the influences that motivation, context and cues have on behavior and decision-making. - Details the neural circuits functionally involved in goal-directed decision-making and the computations these circuits perform - Discusses changes in goal-directed decision-making spurred by development and disorders, and within real-world applications, including social contexts and addiction - Synthesizes neuroscience, psychology and computer science research to offer a unique perspective on the central and emerging issues in goal-directed decision-making

HBR Guide to Making Better Decisions

Author : Harvard Business Review
Publisher : Harvard Business Press
ISBN 13 : 1633698165
Total Pages : 152 pages
Book Rating : 4.6/5 (336 download)

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Book Synopsis HBR Guide to Making Better Decisions by : Harvard Business Review

Download or read book HBR Guide to Making Better Decisions written by Harvard Business Review and published by Harvard Business Press. This book was released on 2020-02-11 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how to make better; faster decisions. You make decisions every day--from prioritizing your to-do list to choosing which long-term innovation projects to pursue. But most decisions don't have a clear-cut answer, and assessing the alternatives and the risks involved can be overwhelming. You need a smarter approach to making the best choice possible. The HBR Guide to Making Better Decisions provides practical tips and advice to help you generate more-creative ideas, evaluate your alternatives fairly, and make the final call with confidence. You'll learn how to: Overcome the cognitive biases that can skew your thinking Look at problems in new ways Manage the trade-offs between options Balance data with your own judgment React appropriately when you've made a bad choice Communicate your decision--and overcome any resistance Arm yourself with the advice you need to succeed on the job, from a source you trust. Packed with how-to essentials from leading experts, the HBR Guides provide smart answers to your most pressing work challenges.

The Oxford Handbook of Organizational Decision Making

Author : Gerard P. Hodgkinson
Publisher : Oxford University Press, USA
ISBN 13 : 0199290466
Total Pages : 651 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis The Oxford Handbook of Organizational Decision Making by : Gerard P. Hodgkinson

Download or read book The Oxford Handbook of Organizational Decision Making written by Gerard P. Hodgkinson and published by Oxford University Press, USA. This book was released on 2008 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Decision-Making comprehensively surveys theory and research on organizational decision-making, broadly conceived. Emphasizing psychological perspectives, while encompassing the insights of economics, political science, and sociology, it provides coverage at theindividual, group, organizational, and inter-organizational levels of analysis. In-depth case studies illustrate the practical implications of the work surveyed.Each chapter is authored by one or more leading scholars, thus ensuring that this Handbook is an authoritative reference work for academics, researchers, advanced students, and reflective practitioners concerned with decision-making in the areas of Management, Psychology, and HRM.Contributors: Eric Abrahamson, Julia Balogun, Michael L Barnett, Philippe Baumard, Nicole Bourque, Laure Cabantous, Prithviraj Chattopadhyay, Kevin Daniels, Jerker Denrell, Vinit M Desai, Giovanni Dosi, Roger L M Dunbar, Stephen M Fiore, Mark A Fuller, Michael Shayne Gary, Elizabeth George,Jean-Pascal Gond, Paul Goodwin, Terri L Griffith, Mark P Healey, Gerard P Hodgkinson, Gerry Johnson, Michael E Johnson-Cramer, Alfred Kieser, Ann Langley, Eleanor T Lewis, Dan Lovallo, Rebecca Lyons, Peter M Madsen, A. John Maule, John M Mezias, Nigel Nicholson, Gregory B Northcraft, David Oliver,Annie Pye, Karlene H Roberts, Jacques Rojot, Michael A Rosen, Isabelle Royer, Eugene Sadler-Smith, Eduardo Salas, Kristyn A Scott, Zur Shapira, Carolyne Smart, Gerald F Smith, Emma Soane, Paul R Sparrow, William H Starbuck, Matt Statler, Kathleen M Sutcliffe, Michal Tamuz , Teri JaneUrsacki-Bryant, Ilan Vertinsky, Benedicte Vidaillet, Jane Webster, Karl E Weick, Benjamin Wellstein, George Wright, Kuo Frank Yu, and David Zweig.

Modeling Human and Organizational Behavior

Author : Panel on Modeling Human Behavior and Command Decision Making: Representations for Military Simulations
Publisher : National Academies Press
ISBN 13 : 0309523893
Total Pages : 433 pages
Book Rating : 4.3/5 (95 download)

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Book Synopsis Modeling Human and Organizational Behavior by : Panel on Modeling Human Behavior and Command Decision Making: Representations for Military Simulations

Download or read book Modeling Human and Organizational Behavior written by Panel on Modeling Human Behavior and Command Decision Making: Representations for Military Simulations and published by National Academies Press. This book was released on 1998-08-14 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulations are widely used in the military for training personnel, analyzing proposed equipment, and rehearsing missions, and these simulations need realistic models of human behavior. This book draws together a wide variety of theoretical and applied research in human behavior modeling that can be considered for use in those simulations. It covers behavior at the individual, unit, and command level. At the individual soldier level, the topics covered include attention, learning, memory, decisionmaking, perception, situation awareness, and planning. At the unit level, the focus is on command and control. The book provides short-, medium-, and long-term goals for research and development of more realistic models of human behavior.