BUMGT5980 – Managerial Decision Making
\nAssessment Task 4 \u2013 Decision Making Application
\nDue date: Week 12 (or on the date advised by the course teacher)
\nWord limit: 1,500 words excluding reference list and appendices
\nWeighting\/Value: 30%
\n\u201cThe capacity of the human mind for formulating and solving complex problems is very small compared with the size of the problems whose solution is required for objectively rational behavior in the real world\u2014or even for a reasonable approximation to such objective rationality\u201d (Simon, 1957, p. 198).
\nIn reference to Simon\u2019s quote, provide a critical examination of three discrete concepts (covered in this course) that may explain bias in decisions.
\nThis essay provides a theoretical treatment (critical examination) of each concept and should follow essay format.
\nStudents should consult the general guides for marking essays \u2013 links plus the \u2018General Guide to Writing and Study Skills\u2019 available on the course website
\nA marking guide for this assessment is provided at a separate link.
\nNotes:
\n1. Submit the assignment as a word document. Use left justified (not centred!), 12 point font and 1.5 spacing. The reference style is APA. Marks may be deducted where this criteria is not met.
\n2. Headings, figures, tables and diagrams where appropriate are encouraged.<\/p>\n","protected":false},"excerpt":{"rendered":"
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