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