The Role of Time in Decision Making Biases
Individual Research Project 15 POINTS
The Role of Time in Decision Making Biases
20 double spaced pages including graphs, charts, and references.
Discuss the role to time in the Decision making process.
– How do conceptions from the past shape decision making?
– How do conceptions from the future shape decision making?
– How do conceptions of the present shape decision making?
– Concepts to consider = time orientation, imagination, forecasting, foresight, rhetoric
– You can consider time as input; a constraint or situational variable; or an output
*** FRAME YOUR PAPER WITH A QUESTION!!!!!
THE QUESTION IS …. HOW DO EVENTS OF THE PAST AFFECT THE BRAIN’S DECISION MAKING PROCESS AS TIME GOES ON?
Answer preview
Decision makers are subject to bias based on their past experiences. This research purpose is to evaluate how the events from the past would affect the decision-making process as time goes on. The individual level and type of bias change consistently over time. For instance, the self-awareness of a person changes over time. If the speed of the decision-making process is high, an individual is likely to be biased. In this case, the decision makers will quickly import his/her prior exposure to the basis of the decision. A decision to be made within a considerable time limit reduces the relevance of the experience. Research such as Moustafa et al., (2008) shows that if the decision makers are trained to respond slowly to the process the likelihood for bias decrease. It’s only the recent past experiences that will have a significant impact to cause bias. This is because in making the decision bias occurs most significantly if the brain can import both the memory and the emotions of the past experiences. In some instances time influence the need for making a morally sensitive recall for all cues nonselectively reducing the attributions to bias (Molden, & Higgins, 2012). The discussion thus includes an assessment of whether making decisions quickly and or prematurely is the cause of bias. The assumption is that in each point of making a decision some past experiences will trigger some level of bias.
The past and future behavior influence individual decision making in the present. According to Zimbardo, and Boyd, (2015) the perspective of time establish a behavioral functioning through the interface…
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