adam WYCISK on STRATEGIC decision making
Adam Josef Wycisk
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adam WYCISK on STRATEGIC decision making

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Over forty years ago Tversky and Kahneman argued that ...many [by humans taken] decisions are based on beliefs concerning the likelihood of uncertain events... and that simultaneously biases have a strong impact on ...the intuitive judgment of probability therefore consequently also on perceived risks, value of opportunities and finally decisions. Understanding business leaders as human decision makers, the author of this paper examined a human s fundamental ability respectively limitations to act as a fully rational economic agent and to take rational strategic decisions. While investigating ...