Judgment in Managerial Decision Making
Judgment in Managerial Decision Making
Max H. Bazerman
Michael Mauboussin
Great for an introduction [to decision making]. - Michael Mauboussin
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Judgment in Managerial Decision Making

Judgment In Managerial Decision Making

Max H. Bazerman
By
Max H. Bazerman
4.0
512
ratings on Goodreads

Max H. Bazerman's "Judgment in Managerial Decision Making" is an illuminating exploration into the cognitive biases that shape our decisions and how to transcend them for superior managerial judgment. Through its incisive analysis and practical applications, this seminal work equips managers with the tools to recognize and mitigate the influence of personal biases, thereby enhancing decision-making processes across various organizational contexts. With a wealth of hands-on exercises and insights gleaned from Bazerman's extensive experience in executive training, this book is an indispensable guide for anyone aspiring to refine their managerial acumen. In its sixth edition, Bazerman has expanded the scope of his work with two new chapters on bounded ethicality and bounded awareness, integrating his latest research with Dolly Chugh and Mahzarin Banaji. This edition not only delves deeper into the psychological underpinnings of decision-making but also offers strategies for fostering ethical and aware decision-making environments. Widely recognized and utilized across disciplines—including business schools, public policy, psychology, and economics—"Judgment in Managerial Decision Making" stands as a cornerstone text for enhancing the quality of managerial decisions, making it a must-read for practitioners, scholars, and anyone committed to the pursuit of excellence in decision-making.

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Released
1986
1 Jan
Length
241
Pages

1

recommendations

recommendation

Great for an introduction [to decision making]. - Michael Mauboussin
One of the advantages of groups over individuals is that they collectivelypossess more information than any individual member does. In organizations, oneof the reasons to create groups is to pool information from different divisions(Mannix & Neale, 2005). Thus, sharing unique information is a critical source ofgroup potential, both in an absolute sense and in comparison to individualdecision-making. Yet Stasser and his colleagues (Stasser, 1988; Stasser & Stewart,1992; Stasser & Titus, 1985), as well as others (e.g., Gruenfeld, Mannix, Williams,& Neale, 1996), show a consistent tendency of groups to focus more on sharedinformation (information group members already have) than on unique orunshared information (information known by only one group member).
— Max H. Bazerman, Judgment in Managerial Decision Making

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