Transcript
Decision-making
is a key part of life and work. It involves choosing the best option from
different possibilities. There are several types of decision-making. Some
decisions are rational, where a person uses logical thinking and facts
to make the choice. Other decisions are intuitive, based on feelings or gut
instinct. In the workplace, decisions can be made by individuals or groups.
Each type has its advantages and challenges. Biases can also affect
decision-making. For example, confirmation bias leads people to choose
options that support their existing beliefs. Overconfidence can
make people overestimate their abilities while anchoring bias
focuses decisions on the first piece of information. Risks are another
important factor. People who are risk-averse may avoid taking chances,
while others may be more comfortable with uncertainty. A person's
personality also plays a role. Those who are more cautious tend to make
careful decisions, while risk-takers may act quickly without considering
all the consequences. (153 words)
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