People tends to make decision based on different ways. Decision people make depends on what they want from that decision. With regards to the cognitive aspect of human decision making process, has been seen as something that are connected with the environment.
According to mayers, people style of decisions are made based on their personality or their environment.
When making decision, we tends to use much easy approach rather than doing much of a research before drawing into conclusion.
In terms of group decisions, we happens to make decision based on majority vote. On the other hand, when there is group decision, people tends to agree on that decision simply on the fact that they like the person who has made the decision or they liked the organisation etc.
Rationality with regards to decision making is the ability to reason or computate. To be rational when making decision, you have to be honest and not to be misinformed.
In the system of government, it is illegal to misinform either by judgement or decision making. Government has account of making a decision based on everybody's interest.In other words,to be rational you have to consider different avenues and look into multiple options before getting into conclusion. Although previous research has proved that simpler option or approach could be better on decision making.
Bounded rational is the limitation of information that is available at the time of use. Some time it is difficult to make decision because you have to make use of the available information at the time of decision.
Judgement And Decision Making
ReplyDeletePeople tends to make decision based on different ways. Decision people make depends on what they want from that decision. With regards to the cognitive aspect of human decision making process, has been seen as something that are connected with the environment.
According to mayers, people style of decisions are made based on their personality or their environment.
When making decision, we tends to use much easy approach rather than doing much of a research before drawing into conclusion.
In terms of group decisions, we happens to make decision based on majority vote. On the other hand, when there is group decision, people tends to agree on that decision simply on the fact that they like the person who has made the decision or they liked the organisation etc.
Decision Under Risk And Uncertainty:
ReplyDeleteRationality with regards to decision making is the ability to reason or computate. To be rational when making decision, you have to be honest and not to be misinformed.
In the system of government, it is illegal to misinform either by judgement or decision making. Government has account of making a decision based on everybody's interest.In other words,to be rational you have to consider different avenues and look into multiple options before getting into conclusion. Although previous research has proved that simpler option or approach could be better on decision making.
Bounded rational is the limitation of information that is available at the time of use. Some time it is difficult to make decision because you have to make use of the available information at the time of decision.