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Chapter 11: Decision Making Learning Objectives

Explore various decision-making models and techniques, learn to avoid common pitfalls, and enhance both individual and group decision-making skills. Understand the P-O-L-C framework, bounded rationality model, tools for better decisions, and symptoms of groupthink.

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Chapter 11: Decision Making Learning Objectives

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  1. Chapter 11: Decision Making Learning Objectives • Understand what decision making is • Compare and contrast different decision making models • Compare and contrast individual and group decision making • Understand potential decision making traps and how to avoid them • Understand the pros and cons of different decision making techniques • Understand your personal decision-making skills

  2. Decision Making in the P-O-L-C Framework

  3. Bounded Rationality Model

  4. Choosing A Decision Making Model

  5. Faulty Decision Making

  6. Overconfidence Bias Hindsight Bias

  7. Eight Symptoms of Groupthink

  8. Tools and Techniques for Making Better Decisions

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