hat are some strategies that might work to help counteract present bias and to help people to make decisions today that will lead to the tomorrow that they envision wanting to life in?
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What are some strategies that might work to help counteract present bias and to help people to make decisions today that will lead to the tomorrow that they envision wanting to life in?
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- Write a paper that addresses the following points: Identify at least one bias that impacts your decision making process. Discuss what triggered this particular bias and what steps you plan to take it to address it. Discuss how this bias impacted your decision. How confident do you feel about your decision making processes in general? Do you suffer from the "overconfidence" syndrome? If so, under what circumstances?Identify the biases that frequently cause managers to make bad decisions."Because managers have so many powerful decision-making tools to use, they should be able to make more rational decisions" Do you agree with this statement?
- Managers at some banks and mortgage companies have argued that providing subprime mortgages was based on their desire to give poor people a chance to participate in the American dream of home ownership. Considering ethical approaches to decision-making, what is your opinion of this explanation in terms of ethics and social responsibility?How do you go about solving problems in your personal life??You're moving to California! There are just no jobs in Nebraska, and it just makes sense that you move to California where jobs are plentiful. You have an old car, 2 suitcases, and just enough money to pay for gas for the 4 day trip. You have room for yourself, 5 additional passengers and 5 more suitcases in the car. Choose your passengers from the list given, but make sure you can justify your decisions based on human wants, needs, values, interests, and values. Joe is a mechanic, and knows how to drive a car. You've never spent much time with him, but you've heard people say he's a very violent person. He has 1 piece of luggage and 6 blankets. __John knows how to drive a car, but knows nothing about how they work. He says he will go with you, but only if he can bring all 4 of his big suitcases...two filled with canned food & water. Susan grew up working on her brother's race car. She's a good driver. She thinks you're great! You like having her around; she makes you feel important.…
- You're moving to California! There are just no jobs in Nebraska, and it just makes sense that you move to California where jobs are plentiful. You have an old car, 2 suitcases, and just enough money to pay for gas for the 4 day trip. You have room for yourself, 5 additional passengers and 5 more suitcases in the car. Choose your passengers from the list given, but make sure you can justify your decisions based on human wants, needs, values, interests, and values. _Joe is a mechanic, and knows how to drive a car. You've never spent much time with him, but you've heard people say he's a very violent person. He has 1 piece of luggage and 6 blankets. _John knows how to drive a car, but knows nothing about how they work. He says he will go with you, but only if he can bring all 4 of his big suitcases...two filled with canned food & water. Susan grew up working on her brother's race car. She's a good driver. She thinks you're great! You like having her around; she makes you feel important.…How can individuals evaluate the outcomes of their decisions, and what strategies can be used to learn from mistakes and improve decision-making patterns over time?How do managers make rational decisions?
- Subprime mortgages are high-risk, high-cost loans, which banks use to cater to borrower who would not qualify for credit otherwise. Managers at some banks and mortgage companies have argued that providing subprime mortgages was based on their desire to give poor people a chance to participate in the American dream of home ownership. Considering ethical approaches to decision-making, what is your opinion of this explanation in terms of ethics and social responsibility?Why better intelligence and knowledge that leads to better decisions are important?Option 2: How does motivation and/or incentive drive people's economic decisions? Write a 1-2 page paper with examples of how incentive causes people to respond without them consciously thinking about their decisions.