We like to think that decisions should be, and are, made using a rational process. As described in Chapter Six of the OpenStax textbook by Black, et.al. (https://assets.openstax.org/oscms-prodcms/media/do…) issues are defined, alternatives are generated, criteria for evaluating these alternatives are developed, and the alternatives are evaluated against these criteria. Pros and cons of each alternative are generated and considered. In human resource management, the process that should be used when evaluating candidates for a job is described in this fashion. (See Table 17.2)
In reality, many decisions are made in much less rational manner. Chapter Six describes some biases in decision-making, and people often use heuristics to try and narrow down choices. The chapter provides many examples of challenges in making decisions, including a table with some logical fallacies. Chapter 11 in the textbook available from the UofMN Libraries (author anonymous) covers these same topics. (A “less than scientific” list of many potential biases and fallacies is available in Wikipedia (https://en.wikipedia.org/wiki/List_of_cognitive_biases). In a current decision as to whether to get rid of some office furniture in my home, I am probably influenced by the “IKEA Effect.”)
For this paper, focus on one “significant” decision you have made in your life. It could be regarding a job, where to attend college, what major to study, who to marry (or not), or involve a major purchase. Look back on that decision and reflect on how rationally, or irrationally, the decision was made. Identify the biases and heuristics that may have influenced the decision, and describe their impact. Finally, describe whether you believe the final decision, however flawed the process, was a good one or not.
This paper should be around 1000-2000 words, with proper referencing of all sources used.