Big Decision Making

Decision making biases played a devastating role in the Deepwater Disaster. The biases that were present are; representativeness heuristic, overconfidence bias, confirmation bias and escalation of commitment bias. Based on my findings, to some extent, each of the following biases contributed to the Deepwater Disaster.

The decision making process includes cognitive processes that eventually lead to a choice in action while taking into consideration the alternative possibilities (Allen, Dorozenko, & Roberts, 2016). Not all choices have to lead to an action. The values and preferences of the person making the choice also comes into play when making the final decision. Problem-solving to obtain a certain goal or satisfactory by a solution is the main reason people go through the decision making process (Stefaniak, & Tracey, 2014). This process has many factors that end with one final result or solution. The decisions made can be rational or irrational and can be determined by explicit or tacit knowledge (Qingyao, Dongyu, & Weihua, 2016). Since the decision making process can be very difficult at time, psychologists have viewed the process in different perspectives to get a better understanding (Rossi, Picchi, Di Stefano, Marongiu, & Scarsini, 2015). The different perspectives include; psychological, cognitive, and normative or communicative rationality.

Decision-making in the workforce is a process of responsibilities used by upper management to implement, enforce rules, regulations, and maintain a successful environment. Decision-making implemented more effectively by making a plan, thinking it through, accepting more than one opinion and determining what is best. However, decision-making often utilized more effectively by opening doors of opportunities for a suggestion, question, discussion, and feedback. Although, more involvement helps improve understanding, utilize behavior skills and present opportunities for better communication. Everyday life consists of decision-making, the right decision may not always be applied, but ensure room for improvement and opportunity. Individuals approached decision-making in many different ways. As stated by (Jones, Graham, & Bateman, 2006) decision making is a procedure used to recognize a problem, weigh the alternatives and evaluate a solution in which, certain situations will require different approaches to become effective.

Being bias can compromise the quality of decision making, they can cause misunderstanding, fights, and sometimes abuse social, emotional and spiritual. Begin bias it makes you treat people differently, and make you also see things differently. For example treating families who are not married and have children differently that families that are married and have children and are married. You can end up showing favourite by not involving children parents who are not married to participate in activities. This can sends a negative message to the parents, the children about their self-worth, and also about you. I plan on overcoming /managing these biases firstly, by Understanding and becoming aware of my own cultural values, beliefs, attitudes and

Every action a person takes is the result of having thought about what it is they think they should do and then doing it. Life is riddled with problems that require solving. Decisions are complex matters that require careful judgment and problem analysis especially when one is in a role where others look up to them and are affected by their decisions.

underlying importance of these issues is how we come to our final decision and how we

In terms of the anchoring bias, regularly revisit of the original decision based on the newly gathered data needs to be set up within the organization. Additionally, the decision maker should avoid the Confirmation Trap in which Bazerman and Moore (2009) argues that people tend to seek information that confirms their expectations and hypotheses. To recognize the bias, Mike Francis could

The first area was the availability heuristic section. There were two biases that indicated whether or not you were making the right decision. The first was ease of recall, or the fact that we tend to decide things based on what comes to mind easily. The second was retrievability, the fact that we base decisions on the frequency of a particular pattern or event. We base many of our decisions on these two concepts.

The issue that whether knowing about the past is useful in making crucial decisions today or in the future needs careful analysis. In my point of view, history and past experience is an important asset in making decisions. But this is not a final verdict as every person and each situation requires its own needed measures to be dealt with.

Decisive: How to Make Better Choices in Life and Work is mainly about the different types of decisions that people make in life and in work, and the main obstacles we unknowingly face when trying to reach a conclusion when faced with a decision. Chip Heath and Dan Heath make us aware of the fact that we face obstacles when trying to make a decision, and then they provide us with advice in order to make the process a little bit easier and more efficient, because simply being aware that we have certain preconceptions before a conclusion is made does not consequently mean that we avoid those biases. For example, “whether or not” types of decisions are common, and Heath and Heath explain that many people face this kind of choice, but there are no alternatives. “Whether or not” decisions merely result in “yes” or “no” responses. In order to make the

Decisions, decisions, decisions. Everything in life entails making decisions, whether it be the decision to go back to school to pursue a higher education, deciding to eat cereal in the morning, or even reading this paper. Everything we do is based on decisions. Now, if you’re a computer, making decisions may be an objective task solely based on logic, but since we are humans, there are many factors that affect our decisions. These factors may be external, like the weather, but many are internal and may make an even bigger impact on our decisions than the external factors. Biases and errors are prime examples of influential internal factors and beliefs that affect the decision making process. This week our group discussed such biases and errors in decision making. We delved into the biases that affect us personally, like Anchoring Bias, Hindsight Bias, and Overconfidence Bias, as well as a few other biases.

As previously mentioned, indecisiveness or failure to make a decision can create a host of negative effects.

Decisions! Decisions! Decisions! How do you make decisions? Have you ever asked yourself, “How did I make that decision?” Whether big or small, important or not so important, decision making is a process. Some people way the pros and cons while others may just flip a coin. Are decisions based on feelings, outcomes or information? Often times if we just go with our gut feeling will be miss out on important information that should be included in our decision.

make a decision and at the end of the day, the nature of the decision

Improving your understanding of your own decision-making process can boost the understanding of these complex frameworks and how they relate to each other. The more you understand about your personality and ability to make decisions, the better you will become in using your strengths to your advantage.