Unit 1

1. Identify a decision you have made that had an impact on one person or multiple people. It may be something you experienced as a leader of a team or group, or it may be something from your family or personal life. Write a response that answers the three questions below.

§ What was the decision?

§ How did you make the decision?

§ What is your evaluation of the decision?

must be at least 200 words in length. 

Explain what boundaries are and why they are important in decision-making. (75 words)

Define System 1 and System 2 thinking. Explain how they are relevant to decision-making (75 words)

Explain what an alternative is and why it is important to decision-making. (75 words)

Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions. (300 words)

Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making. (300 words)