PPT-Judgment in Managerial Decision Making 8e

Chapter 2 Overconfidence Copyright 2013 John Wiley amp Sons Write Your 98 Confidence Intervals Point Estimate Lower Estimate Upper Estimate WalMarts 2010 revenue Googles 2010 revenue. Sarah Lennon. Inclusion Ireland. Overview. The current situation in Ireland. Context for Change. Typical Case Studies. The Future. Currently in Ireland. Status Approach to Capacity. Decision that someone ‘lacks capacity’. 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 . 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. . decisions. in . conditions. . of. . information. . uncertainty. Tomas . Macak. MANAGEMENT THEORY. Faculty of Economics and Management. Department of Management. Organization of teaching. Consultation time: Monday from 10.00 to 11.30 in the morning. Office No. E 468 (4th floor of the building of the Faculty of Business and Economics). Phone: 224 382 029, email: macak@pef.czu.cz. 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?. 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. . Introduction. Information, Decisions, and Management. Decision Support Technologies. OLAP and DSS. DSS Applications in Corporate Functional Management. Practitioners of Management Science. Achieving Success with Analytics. 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. . 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 . Introduction to Managerial Economics . Session . 01. Dr. . Sumudu. . Perera. Nature . and scope of Managerial Economics. Goals . and Constraints of business organizations. The . Theory of the firm. The . DR. MRIGANKA DE SARKAR. ASSOCIATE PROFESSOR OF ECONOMICS. CONTACT: et_mit@yahoo.co.in. Monopoly: Why?. Natural monopoly (increasing returns to scale), e.g. (parts of) utility companies?. Artificial monopoly.