1. Discuss how bias has blocked your
ability to make a rational decision. In your answer, discuss the heuristic that
you may have used and the bias associated with that heuristic. What could you
have done to overcome the bias generated by the heuristic?
2. Consider the last decision that
you have made (purchase of an automobile, purchase of a home, seeking a new
job, etc.). Then, discuss that decision in terms of the rational decision
making model. How could you have improved your decision?
3. Discuss the concept of
satisfying. In your answer, discuss the positive and negative aspects of
applying satisfying in decision-making.
4. Discuss bounded
rationality. In your discussion, explain the term as well as its importance in
rational managerial decision-making.
Each answer must be 250 words
or more.
