Decision Making (B1) 2 parts

Transcript 1

Making decisions is an important part of life and work. It means choosing the best option from different choices. There are various ways to make decisions. Sometimes, people make
rational decisions. This means they use facts and logical thinking. Other times, people make intuitive decisions, which are based on feelings or gut instinct. At work, one person can decide, or a group can decide together. Each way has pros and cons. Bias can also affect decisions. For example, confirmation bias is when people only look for information that supports what they already believe. (93 words)

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Transcript 2

Overconfidence
means people think they are better than they really are so they feel their decisions are better. Anchoring bias happens when people focus too much on the first piece of information they see. Risk is another important part of decision-making. Some people don’t like risk and try to avoid it. Others are more comfortable with taking risks. A person’s personality also matters. Careful people often take more time to decide. Risk-takers decide faster and don’t always think about the results. (81 words)

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