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Sahand Nematian
Arash Kamali
Improving Decision
Making
Group 1:
AWARENESS OF OUR COGNITIVE
LIMITATIONS AND SUSCEPTIBILITY TO
BIAS
Group 2:
POVIDE IMPROVING SPECIFIC DECISION
IN SPECIFIC SITUATION
ACQUIRING EXPERIENCE AND
EXPERTISE
REDUCING BIASE IN YOUR JUDGEMENT
ANALOGCAL REASONING
TAKING AN OUTSIDER’S VIEW
USING LINEAR MODELS
UNDERSTANDING BIAS IN OTHERS
&Bazerman Carroll
Factors that inhibit individuals
from changing
1. Satisfaction with current status
2. Risk aversion
3. Preference for certain outcomes to
uncertain innovative outcomes