Professional Documents
Culture Documents
Decision Making
Decision Making
MOULSARI CAMPUS
SUBJECT: Global Perspectives
GRADE: IX [ Band-4]
___________________________________________________________________________
All of us like to make rational decisions, however, it’s not unusual for us to fall victim to
mistakes of logic and reasoning. Often, we make these mistakes without even realizing it. A
few common “decision-making pitfalls” include the following:
Confirmation bias
▪ Only looking for information that supports your ideas
▪ Ignoring information that doesn’t support your ideas
▪ Failing to take all the facts into consideration
Overconfidence
▪ Having the false belief that you can predict what will happen in the future
▪ Believing that you are good at making decisions, so you don’t need to put much
effort into it
TSRS Moulsari /AJO/IGCSE/Grade -9-Band-4/ GP /2020-21
Integrity Sensitivity Pride in One’s Heritage Pursuit of Excellence Page 1
Availability bias
▪ Basing your decision on a single past experience, something that happened to a
friend, or something that you saw in the media rather than a careful analysis of
the situation
Entrapment
▪ Continuing to pursue a certain course of action because you’ve already devoted
money, time, or effort to it – even if it doesn’t make sense to continue
▪ Incorrectly believing that you can recover some of your losses by investing even
more money, time, or effort.
Bandwagon effect
• Choosing to do (or believe) certain things simply because other people are doing
or believing those things
You can avoid these decision-making pitfalls simply by learning about them (Finkelstein,
Whitehead, & Campbell, 2008).
If you understand why and how these mistakes occur, you’ll be less likely to make them. –
- [ mylearningsolutions.org/2014/08/13/five-decision-making-pitfalls]
Similarly, choosing a career might involve estimating the likely benefits against the chances
of success. In business several decision-making tools have been developed, most notably
the SWOT analysis (Strengths, Weaknesses, Opportunities, Threats).
So, now that you have enough back-ground knowledge on decision making, let
us move on to our very first activity in GP.
You will be given the scenarios during our zoom session tomorrow. SO please
participate actively keeping in mind the following points:
1. This activity will be done in pairs [ 2 pax per group]. One group will have
3 members [ that’s ok]
2. Every one must participate in the decision making activity
3. Time limits set for each step of the activity MUST be followed
4. Before the session begins, you may keep your phones nearby to
discuss about your decision for the scenarios shared at every step [ so
that the other partner groups do not hear your decisions]
5. FOR THIS ACTIVITY I WANT ALL OF YOUR CAMERAS ON… THIS IS
IMPORTANT…AND PLEASE OBLIGE.