PPT-Chapter 11 Reflective Decision Making

Learning Outcomes Explain dominance structuring and how it impacts our ability to consider our options in a full and fairminded way Describe and apply the strategies used by strong critical thinkers thoughtfully to manage monitor and selfcorrect their decision making. Objectives. Structure uncertain decisions – tree format. Symmetric. Asymmetric. Sequential decisions and Information seeking. Analyze uncertain decisions. . Solve a decision tree – Maximize (or Minimize) the expected value. © John Wiley & Sons Canada, Ltd.. Business Leadership: Management Fundamentals. John R. . Schermerhorn. , Jr. ., . Barry Wright, and Lorie Guest. Data. Raw facts and observations. Information. Data made useful for decision-making. © John Wiley & Sons Canada, Ltd.. Business Leadership: Management Fundamentals. John R. . Schermerhorn. , Jr. ., . Barry Wright, and Lorie Guest. Understand the role of . information in . the management process. Prof. Dr. . . Y. İlker TOPCU. www.ilkertopcu.. net. . www.. ilkertopcu. .org. . www.. ilkertopcu. .. info. facebook.com/. yitopcu. . twitter.com/. yitopcu. instagram.com/. yitopcu. Credits: 3+0. Chris Schmidt. Villanova . University. christopher.schmidt@villanova.edu. Slides available at . www.cschmidtphd.com. . under “Research” tab. What are the Qualities of an Effective Counselor?. Effective counselors function at high levels of cognitive . .  .  . Learning Outcome Assessment 2. Sec/102. Summer 2012. Dr Ali . Alghazo. Jehad. . AlGhamdi. : 200900201. Bader Al-. Hamed. : 200901007. Outline. Evaluating Decision Making. The Logic of Decision Making. Learning Outcomes. Identify the steps in the decision-making process. Describe various models of decision making. Discuss the individual influences that affect decision making. Explain how groups make decisions. Section 2-2: Making Decisions & Setting Goals. I. Making Responsible Decisions. Decisions about major life issues must be made carefully & deliberately.. Treat decision making like you would approaching a busy intersection.. Decision Support Systems . For Business Intelligence. Figure 2.1: Nature of Decision Making. Figure 2.2: Forms of Rationality. Figure 2.3: Causes of Satisficing Behavior. Figure 2.4: Perception is . © 2015 Cengage Learning. MGMT7. © 2015 Cengage Learning. 5-1. discuss the benefits and pitfalls of planning. 5-2 . describe how to make a plan that works. 5-3 . discuss how companies can use plans at all management levels, from top to bottom. Statin Choice Decision Aid Share-Decision Making SCIP Shared Decision Making Shared Decision Making Glasziou and Haynes ACP JC 2005 Promote a process where patients and clinicians make a choice together. Unstructured. : Decision maker must provide judgment, evaluation, and insight to solve . problem. Structured. : Repetitive and routine; involve definite procedure for handling so they do not have to be treated each time as . . Academics and . Traditional Finance. Investors Behave Rationally!. Complete Exploitation of Information. Sound Reasoning. People are Unbiased in Their Predictions About the Future. Traditional Finance. Neil Harrison. University of Sussex. Formerly: Institute of Cognitive Neuroscience . & Wellcome Trust Centre for Neuroimaging. Multiple decision making systems. What happens when one or other breaks down?.