Write an essay on one of the following topics. The essay should be approximately 1500-2000 words long and based on multiple sources. Please remember to list the references. And no plagiarizing! The essays are due by the exam.
Theories of decision making are sometimes said to be too ‘cold’. Argue for or against the statement.
The role of individual differences in heuristics and biases.
Discuss some alternative concepts of rationality.
Discuss studies dealing with cross-cultural differences in decision behavior.
What do studies done with neurophysiological measurements tell us about decision making?
Managers may choose not to use decision tools or aids. Why? Is the fault with managers or tools?
Intuition vs. analysis in decision making
How does the formula for good decision making change if you are part of an organization?
Prospect theory in finance/marketing/organizations. Choose one topic.
Describe in detail a real-world decision situation where the decision-maker succumbed to behavioral biases and traps.