BIAS IN DECISION MAKING
Unit II Journal (MDM)
- Bias in decision-making happens without thought in most decisions. Describe a recent decision (personal or business) which you thought through and overcame your biases or were aware of your biases and made a good decision. Explain why it was a good decision and what the results were of that decision. Your journal entry must be at least 200 words in length. No references or citations are necessary.
Answer preview
In my research on a potential product to introduce in the market, I recognized I had confirmation bias in the past on market information. For this time I focused much on first understanding the market and the number of customers of the product I was about to launch. Prior to my decision-making process on introducing the product, I objectively studied the market to avoid an influence…
(200 words)