12.5. Behavioral Aspects of Decision-Making

Try these first

1. 1.

   What is anchoring bias?

   Hint

   Think about how the first number you see can impact your judgment.

2. 2.

   Define social loafing.

   Hint

   Consider how teams in school projects sometimes lead to less individual effort.

3. 3.

   What is a cognitive bias?

   • A systematic error in thinking
   • A type of decision-making model
   • A group phenomenon

   Hint

   Think about how our brain can mislead us.

4. 4.

   Groupthink encourages which behavior?

   • True
   • False

   Hint

   Does consensus lead to better or worse decisions?

5. 5.

   Reflect on a major decision you made. Identify any cognitive biases that influenced your thinking. Explain how awareness of these biases could lead you to a different outcome.

   Hint

   Consider various scenarios where initial thoughts might have led you astray.

6. 6.

   In a workplace scenario, you observe groupthink affecting project outcomes. Propose a detailed plan to address this issue and ensure diverse viewpoints are heard.

   Hint

   Think about ways that ensure all voices are heard.