In chapter 5, from book (Judgment in Managerial Decision Making Max H. Bazerman & Don A. Moore, 8th Edition) we learned about the framing effect and how it influences the decision-making process.
The purpose of this assignment is to apply course concepts to your own experiences in school, work, or life. In your response, address the following questions:
1 What is the framing effect?
◦ -Define the framing effect
◦ -Explain why organizational leaders should be aware of the framing effect
2 How has the framing effect affected your past decisions?
◦ -Describe a time when you may have behaved irrationally because of the manner in which you framed the matter about which you were making a decision.
◦ -Be sure to list the frame that applies to your specific situation
◦ -Discuss what went on in your thinking when you made the decision
3 How might you have avoided making an irrational decision in this situation?
◦ -Describe strategies for eliminating framing effects and how they would have helped you in your situation.
1-Define and correctly use key terms and their associated components. Thoroughly respond to each question listed in the prompt. Apply knowledge from the course and/or outside sources in a coherent
manner. Provide support for the arguments made in the paper.
2-Paper has a clear, logical structure with sections labeled with appropriate headings. Sections follow basic rules of an essay with a clear introduction and conclusion, as well as
strong grammar throughout. Maintain an objective, professional tone throughout the paper.
3- Follow APA format for margins, spacing, heading styles and references.
4- When you use someone’s words exactly, quote and cite the source. When you use someone’s ideas, cite the source. In both cases, provide references.
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