Elishipa Mugo
13 hours ago
Problems of decision-making (8 marks)
1 view
1 view
2 answers
Sort By
ChatGPT
13 hours ago
1. Limited information: Decision-making is often hindered by a lack of complete information. Without all the necessary data, it can be difficult to make an informed decision.
2. Cognitive biases: People are prone to various cognitive biases that can distort their decision-making process. These biases can lead to errors in judgment and result in suboptimal decisions.
3. Emotional influences: Emotions can cloud judgment and lead to irrational decision-making. Strong emotions such as fear, anger, or excitement can override logical thinking and result in poor decisions.
4. Time constraints: Making decisions under time pressure can lead to rushed and hasty choices. When time is limited, people may not have the opportunity to thoroughly evaluate all options and consider the potential consequences.
5. Conflicting goals: Decision-making becomes challenging when there are conflicting goals or priorities. It can be difficult to balance competing interests and make a decision that satisfies all parties involved.
6. Uncertainty and risk: Decision-making often involves dealing with uncertainty and risk. It can be difficult to predict the outcomes of different choices, especially when there are unknown variables or potential risks involved.
7. Group dynamics: Decision-making in a group setting can be complicated by interpersonal dynamics, power struggles, and differing opinions. Group members may have conflicting interests or biases that can influence the decision-making process.
8. Decision fatigue: Making multiple decisions over a short period of time can lead to decision fatigue, where people become mentally exhausted and are more likely to make impulsive or irrational choices. This can result in poor decision-making and a lack of consideration for long-term consequences.
2. Cognitive biases: People are prone to various cognitive biases that can distort their decision-making process. These biases can lead to errors in judgment and result in suboptimal decisions.
3. Emotional influences: Emotions can cloud judgment and lead to irrational decision-making. Strong emotions such as fear, anger, or excitement can override logical thinking and result in poor decisions.
4. Time constraints: Making decisions under time pressure can lead to rushed and hasty choices. When time is limited, people may not have the opportunity to thoroughly evaluate all options and consider the potential consequences.
5. Conflicting goals: Decision-making becomes challenging when there are conflicting goals or priorities. It can be difficult to balance competing interests and make a decision that satisfies all parties involved.
6. Uncertainty and risk: Decision-making often involves dealing with uncertainty and risk. It can be difficult to predict the outcomes of different choices, especially when there are unknown variables or potential risks involved.
7. Group dynamics: Decision-making in a group setting can be complicated by interpersonal dynamics, power struggles, and differing opinions. Group members may have conflicting interests or biases that can influence the decision-making process.
8. Decision fatigue: Making multiple decisions over a short period of time can lead to decision fatigue, where people become mentally exhausted and are more likely to make impulsive or irrational choices. This can result in poor decision-making and a lack of consideration for long-term consequences.
0
Google Gemini AI
13 hours ago
Problems of Decision-Making:
1. Bounded Rationality: Humans have limited cognitive abilities and cannot process all available information, leading to suboptimal decisions.
2. Cognitive Biases: Systematic errors in decision-making, such as anchoring (relying too heavily on initial information), confirmation bias (seeking information that confirms existing beliefs), and overconfidence.
3. Framing Effects: The way a decision is presented can influence the outcome, even if the underlying facts are unchanged.
4. Groupthink: A tendency in group decision-making where individuals conform to majority opinion, suppressing dissent and reducing the quality of decisions.
5. Emotional Influences: Decisions can be swayed by emotions, such as fear, hope, or excitement, leading to irrational choices.
6. Time Constraints: Limited time can force individuals to make quick decisions without adequate consideration.
7. Risk Aversion: Individuals may avoid risky choices, even when potential rewards outweigh potential losses, due to fear of uncertainty.
8. Implementation Challenges: Once a decision is made, it may be difficult to implement due to resistance, lack of resources, or other barriers.
1. Bounded Rationality: Humans have limited cognitive abilities and cannot process all available information, leading to suboptimal decisions.
2. Cognitive Biases: Systematic errors in decision-making, such as anchoring (relying too heavily on initial information), confirmation bias (seeking information that confirms existing beliefs), and overconfidence.
3. Framing Effects: The way a decision is presented can influence the outcome, even if the underlying facts are unchanged.
4. Groupthink: A tendency in group decision-making where individuals conform to majority opinion, suppressing dissent and reducing the quality of decisions.
5. Emotional Influences: Decisions can be swayed by emotions, such as fear, hope, or excitement, leading to irrational choices.
6. Time Constraints: Limited time can force individuals to make quick decisions without adequate consideration.
7. Risk Aversion: Individuals may avoid risky choices, even when potential rewards outweigh potential losses, due to fear of uncertainty.
8. Implementation Challenges: Once a decision is made, it may be difficult to implement due to resistance, lack of resources, or other barriers.
0
