Suppose you have a big decision to produce, like investing in a project in a context of market conditions that are highly uncertain. Tools including decision diagrams calculate the dangers involved, carefully contemplate choices and can help managers to construction issues. This article shows the way to use decision trees and value that is expected to improve your decision-making procedures.
However, do not be fooled into thinking that employing a "scientific" process will ensure success. Depiction of several well known studies and experiments used in his groups, the writer reveals how supervisors must be careful for human prejudices that make our seemingly rational conclusions far from infallible.
PUBLICATION DATE: December 18, 2013 PRODUCT #: IIR107-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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