Heuristics, Management Theories


Heuristic denotes by trial and error. In organizational behavior the phrase heuristics provides the set of implicit biases and decision-making roles that individuals hold in their minds as a result of previous misunderstanding of probability, experience, and selective perception. These "rules of thumb" often lead to less than optimal decisions.

Posted Date: 10/17/2012 3:12:38 AM | Location : United States

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