PPT-Judgment in Managerial Decision Making 8e

Author : olivia-moreira | Published Date : 2016-08-01

Presentation Embed Code

Download Presentation

Download Presentation The PPT/PDF document "Judgment in Managerial Decision Making 8..." is the property of its rightful owner. Permission is granted to download and print the materials on this website for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

Judgment in Managerial Decision Making 8e: Transcript

Chapter 8 Fairness and Ethics in Decision Making Copyright 2013 John Wiley amp 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 110000 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 120000 to some graduating MBAs from similarquality schools . 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. . 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. Chapter . 10. Making Rational Decisions in Negotiations. Copyright 2013 John Wiley & Sons. Game Theoretic Approaches. Provides precise prescriptive advice. Relies on describing all outcomes. Assumes all parties are rational. 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 . 12. Improving Decision Making. Copyright 2013 John Wiley & Sons. Strategies for Better Decisions. Use decision-analysis tools. Acquire expertise. Debias. your judgment. Reason analogically. 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. Chapter 1. Introduction . to Managerial Decision Making. Copyright 2013 John Wiley & Sons. The Anatomy of Decisions. Judgments involve cognition.. Common decision situations:. How to select a post-MBA job?. 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 . Disclosures:. Narayanaswami . P. (PI) . AHRQ . Grant Number: 1R18HS022004-01. AAN: . Guidelines Development, Dissemination and Implementation subcommittee and Practice Committee. Allergan: . Speakers bureau, advisory board, and injector training. 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. . Decisions made by physicians, patients, health policy makers and health insurers determine the quality of health care that is needed and provided for. This up-to-date, comprehensive overview of medical decision making reveals a rapidly expanding field. The book covers quantitative theoretical tools for modeling decisions, psychological research on how decisions are actually made, and applied research on how physician and patient decision making can be improved. Hb ISBN (2000): 0-521-64159-4 Week -1. Prepared by: Dr . Waqar. Ahmad, . Asstt. . Prof.. Learning Objectives. What is Economics?. What is managerial Economics?. To analyze the concept of economics- scarcity and efficiency?. Micro Economics and macro economics?. Chapter 4. 2. Managerial Decision Making. Decision making is not easy. It must be done amid . ever-changing factors . unclear information . conflicting points of view. 3. Definition : Decision . Making.

Download Document

Here is the link to download the presentation.
"Judgment in Managerial Decision Making 8e"The content belongs to its owner. You may download and print it for personal use, without modification, and keep all copyright notices. By downloading, you agree to these terms.