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There are five different kinds of behavioral traps; (1) time delay trap, (2) investment trap, (3) deterioration trap, (4) ignorance trap, (5) collective trap. Behavioral traps are about always recognized in hindsight but the awareness of them can aid us, as decision makers, avoid becoming "trapped".

Reply to the problems given below:

1-Based on the reading and research, which one of five behavioral traps do you think is easiest to fall into and which one is easiest to avoid?

2-Recognize ex of how individual may fall into one of traps you recognized.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M931330

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