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In Thinking, Fast and Slow, you learn about several biases including the (1) availability bias, (2)...

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General Management

In Thinking, Fast and Slow, you learn about several biasesincluding the (1) availability bias, (2) anchoring effect, (3)hindsight bias, and (4) focusing illusion.

a. For each of these biases, discuss (one at a time) how eachcould affect your decision making as a manager or employee(choose the role - manager or employee - you feel is moreappropriate for the discussion).

b. How can being aware of these biases help you in your role asa manager or employee (choose the role - manager or employee - youfeel is more appropriate for the discussion)?

Answer & Explanation Solved by verified expert
3.7 Ratings (393 Votes)
a As a manager the role is really challenging and it is often affected by these biases as follows Availability bias Managers always overstates the facts They think that there is more beyond the information available and research for all likelihood and then take the decisions Sometimes the research may go false and thus the decision taken    See Answer
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