ASSIGNMENT
1. Identify a decision you have made that had an impact on one person or multiple people. It may be something you experienced as a leader of a team or group, or it may be something from your family or personal life. Write a response that answers the three questions below.
- What was the decision?
- How did you make the decision?
- What is your evaluation of the decision?
2. Explain what boundaries are and why they are important in decision-making. (75 words)
3. Define System 1 and System 2 thinking. Explain how they are relevant to decision-making (75 words)
4. Explain what an alternative is and why it is important to decision-making. (75 words)
5. Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions. (300 words)
6. Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making. (300 words)
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.