Evaluate the impact of these biases and heuristics

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Reference no: EM133660770

Intent: For students to select a case study representing several decision-making situations and identify biases and heuristics and mitigate their impacts.

Task: Students select one case study based on their interests and background. Then, they identify and describe decision-making situations. For each situation, students identify the biases and heuristics and apply the principle of mindful judgment and ethical decision-making to mitigate the impacts.

Group work: Individual. Length: Maximum 3000 words.

Description:

For this assessment task, students are required to select a real case study related to judgment and decision making from reputable sources such as academic journals, news articles, or organizational reports. They will analyze the case study to identify various decision-making situations, recognize biases and heuristics present in the decision-making process, and propose effective mitigation strategies to minimize their impact.

Instructions:
Select a real case study that demonstrates various aspects of judgment and decision making. Ensure the case study is well-documented and from a credible source.

Provide a detailed explanation of the case study, including the context, stakeholders involved, and the decisions made.

Identify at least three decision-making situations within the case study.

Analyze the biases and heuristics that influenced the decision-making process in each situation.

Evaluate the impact of these biases and heuristics on the outcomes of the decisions.

Propose mitigation strategies that could have been employed to reduce the impact of biases and heuristics on decision making.

Present your findings and recommendations in a clear and structured manner, supported by relevant evidence from the case study and academic literature.

Reference no: EM133660770

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