How do you improve your decision-making abilities in order to make sound judgments? Combining behavioral decision research into the organizational realm, this book examines judgment in a variety of managerial contexts. It provides readers with a systematic framework for using psychological findings to improve judgment. It also offers a critique of the classic economic model of decision-making and explains how to create opportunities to make better decisions.
Judgment in Managerial Decision Making provides that training to students by creating an awareness of the decision-making process, by allowing students to change their decision-making processes, and by offering strategies for improving these processes so that they become part of the reader's permanent behavior. Re-written as a result of feedback from both colleagues and students, the fourth edition of this classic book provides even more interesting and contemporary examples of real-world decisions. This edition includes a new chapter on motivational biases (chapter 6), which examines how our motivations affect the rationality of our thoughts, and examines managerial decision-making from both individual and multi-party perspectives. By making use of these chapters, the individual can make permanent improvements to future decisions.
Judgment in Managerial Decision Making provides that training to students by creating an awareness of the decision-making process, by allowing students to change their decision-making processes, and by offering strategies for improving these processes so that they become part of the reader's permanent behavior. Re-written as a result of feedback from both colleagues and students, the fourth edition of this classic book provides even more interesting and contemporary examples of real-world decisions. This edition includes a new chapter on motivational biases (chapter 6), which examines how our motivations affect the rationality of our thoughts, and examines managerial decision-making from both individual and multi-party perspectives. By making use of these chapters, the individual can make permanent improvements to future decisions.