Eight Biases In Decision-Making Process Analysis

Informed decision-making is an important aspect for working in the government. According to Milakovich and Gordon, provide some examples of how information technology can be used to assist bureaucrats in decision-making?

He analysis conformation bias, hindsight bias, self-serving bias, and other types. When talking about conformation bias McRaney analysis that we have constructed our thoughts and opinions based on information we have accumulated based on our beliefs, while ignoring what the information against other opinions. A form of conformation bias that McRaney uses in page twenty-seven is: When you talk about a movie you haven’t seen in a long time and all of a sudden you are surrounded by information of said movie, you believe that fate is trying to tell you something. In reality conformation bias is occurring. You are have noticed more information about the movie because you have dismissed any other information. We seek out information that only enhances our beliefs and discriminates against the facts. Hindsight bias is relatable because we look at newfound information and speculate that we had already known it all along. Hindsight bias isn’t necessarily good because we have tendency to always wanting to be right, so after learning something new we edit our memories so we seem more factual than what we really are. McRaney states on page thirty-three that studies are the best way to demonstrate hindsight bias for researchers. Researchers can write a false statement in an article and we manufacture this information as our truth. Another form of bias McRaney talked about was self-serving bias. Self-serving bias

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

A knowledge of bias will help you to understand which results are worth using for your business (Ayres, 2009).

Two phenomena- hindsight bias and judgmental overconfidence- illustrate why we can’t rely solely on intuition and common sense.

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.

Availability bias: the tendency for people to base their judgments on info that is readily available to them

1. The four-step model for decision-making; See, Judge, Act, and Evaluate, applies onto the storyline by providing more insightfulness and reflection onto the decisions each character performs. In such cases, Sam uses this method by somewhat agreeing to let his daughter, Lucy, go into the foster care system. This was shown when he later confides and agrees to see Lucy on a limited amount of times each month. Even though at first, he was upset and furious having his only daughter taken away from him, he slowly managed to admit to this term when he recognized Lucy's happiness and safety.

According to Jeff Lipschultz, “Don’t Be A Victim of Interview Bias”, he shares many circumstances about Interview Bias and how to deal with them. A bias is an opinion about whether a person or idea is outstanding or inferior, that influence decisions. The article mentions eight biases which are can direct toward interviewees. Some biases can help candidates makes a good impression on the interviewer, such as The Halo Effect Bias, Stereotyping and Generalization Bias; Also, some others can be detrimental to the candidates, such as The Contrast Bias and The Gut Feeling Bias. However, a bias can generate by candidates; for example, Nonverbal Bias. Interviewer base biases on cognitive biases that cause them to evaluate the quality of the candidate

In order to master critical thinking, the ability to question information and solve problems must be present. The crucial steps that lead to successful decision-making is not based solely on our skills and abilities, but on the strategies that help us get there. All these steps combined allow us to make solid and intelligent decisions. Research on understanding how the mind works is a continuing project at best, but the progress we have made is substantial in the areas of understanding problem-solving and decision-making.

Dietrich, Cindy. "Decision Making: Factors that Influence Decision Making, Heuristics Used, and Decision Outcomes." Student Pulse 2.02 (2010).

Perception biases is demonstrated by Fischer when going from Base Camp to Camp II. Fischer was unfair to the Mountain Madness expedition set because while navigating through the Khumbu Icefall, he decided to turn back to take Kruse back because it was his friend. However, I believe Fischer, being the leader, should have let somebody else return Kruse to the Base Camp. The team could have encounter another error and in that kind of situations, evidently, errors can be deadly. This made Fischer to start feeling

9.According to your own thoughts, what is the importance of understanding and countering the unconscious bias in the selection and recruitment processes.

Availability heuristic can be defined as making a choice based on immediate and easy examples that comes to the mind more easily when evaluating a decision. Even though availability heuristic has many pros such as saving time when making a choice, it does come with cons. This is because the availability heuristic distorts our understanding of real threats and risks. For example, Tom is a 10-year-old boy that adores puppies and loves playing with them. One day he saw a puppy bite its owner. Due to this small incident, Tom avoids playing with puppies even though the likelihood of it happening is slim. Since this heuristic draws from immediate and easy examples, it uses system 1 to evaluate our decisions. As we already know system 1 can lead to a lot of incorrect assessments in comparison to system 2.

Yes, there were cognitive biases at Level 3 and other companies as well as the investors during 1997-2001. The biases were…