Business Decision Making: Irrational Decisions
- Identify the decision theory from our learning in Unit 2 you believe was used in the original decision making within your example. You may select from expected utility theory, prospect theory, regret theory, pseudocertainty, satisficing, or noncompensatory strategies (all theories learned in Unit 2). Be sure to fully support "why" the theory you selected was present. Simply naming a theory won't be enough...you need to support your answer.
Prepare your response in APA format (including citations, references, abstract, introduction and conclusion). All references must have corresponding citations and all citations must have references. Objective: The Objective of the Unit 2 DB Assignment will involve the following the Course Outcomes and Grading Criteria with their respective percentages for the Grading Rubric: ? PART 1 - Identify and analyze models of decision making (rational/irrational decision process) via an example (25%) ? PART 2 - Use effective communication techniques to support the example chosen (25%) ? PART 3 - Identify & analyze models of decision making (theories) applicable to the example (30%) ? In-depth peer-to-peer interaction with fellow students (20%)
Instructor Comments:
BE CAREFUL AND READ THE ENTIRE PROJECT INSTRUCTIONS. Note there are 3 specific parts to this project. Be sure you full address each one in your response. Make every effort to be as thorough and complete in your response as you can. When completing your response, remember to fully justify any comments or decisions using rationale to support them. Use "headings" in the body to separate your answer to each question. Remember...DON'T COMBINE PARTS TO THE PROJECT...ANSWER EACH ONE SEPARATELY!!! Purchase this Solution Solution Summary The solution provides a discussion of each theory mentioned, except for noncompensatory theory (there was a lack of information on this theory available). Furthermore, it provides information on how to proceed with the assignment. There is also an irrational practice example provided, as well. Solution Preview Thank you for posting today. It is my goal to provide ideas, definitions, research help, and instructions on how you, the student, should approach the assignment.