(Managerial Decision Making) Discuss how bias has blocked your ability to make a rational decision.
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? 200-300 words APA format© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/business-management/managerial-decision-making-discuss-how-bias-has-blocked-your-ability-to-make-a-rational-decision-7h71
...idual's and organization's perspective. Biasness affects the ability of an individual to make rational decisions. It makes rational decision to convert into irrational. On the basis of the facts analyzed from the surroundings, an individual develops a perception towards some situations and becomes biased in making decisions. For making decisions, the decision makers depend on the Heuristic, so that decisions can be made effectively (Gilovich, Griffin & Kahneman, 2002).
Availability Heuristics is used in making decisions. It is developed in the individuals from the practical experience and happenings of life. 'Overconfidence behavioral bias' is associated with the ...