Every day and in every aspect of our lives, we make decisions. In this discussion, we will ask you to reflect upon your own decision-making.

Before you begin this discussion, be sure that you have read the following chapter: 

•  Hellriegel, Don; Slocum, John W. (2010). Organizational Behavior. Cengage Textbook. Kindle Edition.

   Chapter 14: Managerial Decision Making

Pay particular attention to the section on Bounded Rationality in this chapter.

Respond to the following:

•  Identify three examples of a personal problem or decision that you have experienced. These three examples should be one of each of the following types:

º  One that involved the condition of certainty.
º  One that involved risk (subjective probability).
º  One that involved uncertainty.

•  Think of an organization in which you are or have been an employee. Describe a decision situation that seemed to be based on the bounded rationality process in relation to the concepts of satisficing, limited research, and inadequate information and control.