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Individual Decision Making Decision Making: Decision making is defined as a process of choosing among the possible alternatives. Problem: This is the discrepancy between the existing and the desired state of affairs.

Steps in Decision Making Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Rational Decision Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How are decisions actually made in Organizations Bounded Rationality Individuals make decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity.

Common Biases and Errors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Common Biases and Errors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Intuition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Ethics in Decision Making ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Ethics in Decision Making ,[object Object],[object Object],[object Object]

Ways to improve Decision Making ,[object Object],[object Object],[object Object],[object Object],[object Object]

Toward Reducing Biases and Errors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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