PPT-Judgment in Managerial Decision Making 8e

Chapter 12 Improving Decision Making Copyright 2013 John Wiley amp Sons Strategies for Better Decisions Use decisionanalysis tools Acquire expertise Debias your judgment Reason analogically. Chapter 4. Bounded Awareness. Copyright 2013 John Wiley & Sons. Problem 1: Role-Playing Exercise. S. ix . people . are randomly . assigned to the roles A, B, C, D, E, and F. A . is randomly . selected and given $60 to allot among A, B, C, D, E, and F. The amounts given to B, C, D, E, and F must be equal, but this amount may be different from the amount that A allocates to A (herself/himself). B, C, D, E, and F will be asked to specify the minimum amount that they would accept. If the amount offered by A to each of B, C, D, E, and F is equal to or greater than the largest amount specified by B, C, D, E, or F, the $60 will be divided as specified by A. If, however, any of the amounts specified by B, C, D, E, and F are larger than the amount offered by A, all six parties will receive $0. . SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. Chapter . 11. Negotiator Cognition. Copyright 2013 John Wiley & Sons. Common Mistakes of Negotiators. The fixed pie myth. Framing of negotiator judgment. Escalation of conflict. Overestimating your value. Psychology of Personal Decision-Making. Agenda. Balanced Judgment. Recognition. Limited Capacity. Tools. External Memory. Lists. Decision Tables/Trees. De-cluttering. Priming. Heuristics. Decomposition. Chapter . 7. The Escalation of Commitment. Copyright 2013 John Wiley & Sons. The Escalation of Commitment. Committing to an initial decision. Competition and escalation. Explanations for escalation. Chapter 2. Overconfidence. Copyright 2013 John Wiley & Sons. Write Your 98% Confidence Intervals. Point Estimate. Lower Estimate. Upper Estimate. Wal-Mart’s 2010 revenue. Google’s 2010 revenue. Remuneration. INTRODUCTION. Section 197 & Chapter XIII of the Companies Act,2013 deals. According to section 197 of the Companies Act 2013 total remuneration to be paid to directors, manager and managing director should not exceed 11% of the net profits. . Chapter . 8. Fairness and Ethics in Decision Making. Copyright 2013 John Wiley & Sons. Accepting a Job Offer. You are graduating from a good MBA program. Subsequent to your discussions with a number of firms, one of your preferred companies makes you an offer of $110,000 a year, stressing that the amount is not negotiable. You like the people. You like the job. You like the location. However, you find out that the same company is offering $120,000 to some graduating MBAs from similar-quality schools. . Have you ever been so involved in watching a movie that you react emotionally or feel a part of the action?. If so, then you have been deeply involved with a work of art.. After you see a new movie or TV program you might recommend it to a friend or tell them not to waste their time. You are judging the show and making decisions about why it was a failure or success. . Prologue. Financial and Managerial Accounting: Seven Key Differences. Work of Management. . Planning. Decision . Making. Controlling. Planning. Establish Goals. Specify How Goals . Will Be Achieved. Lauren . Reinerman. -Jones, Grace . Teo. , and . Avonie. Parchment. “Why do leaders fail? They make poor choices that lead to bad decisions. And in some cases they compound bad decision upon bad decision. You cannot separate leadership from . The Day . Christ . Comes. Again. JUDGMENT. 2 Peter 3:8-10a . But do not let this one fact escape your notice, . beloved, that with the Lord one day is as a . thousand years, and a thousand years as one . Psychology 466: Judgment & Decision Making . Instructor: John Miyamoto. 09/28/2017: Lecture 01-2. Note: This . Powerpoint. presentation . may contain . macros that I wrote to help me create the slides. . Course Code: F010101T. By:. Dr . Pravin. Kumar Agrawal. Assistant Professor. School of Business Management. CSJM University Kanpur. Course Outcomes. The aim of the course is to build knowledge and understanding business economics among the...