- Discuss common biases in decision making.

- describe the roles of emotion and fairness in decision making.

- Compare reflective and expedient decision making.

Focus on a decision and evaluate the decision you made using any two of the following biases: availability, heuristic, bias related to the representative heuristic, bias related to anchoring or adjustment, uncertainty avoidance, framing effects, positive illusions, egocentrism, and regret avoidance.

- Do you feel that the decision would have been different had the two biases you chose, not existed?

Objective:

- Summarize the role of decision making in business.

- describe the roles of emotion and fairness in decision making.

- Compare reflective and expedient decision making.

- Discuss common biases in decision making.