Organizational Behavior: "Chapter 11.3: Faulty Decision Making"

Study this section to learn how several factors can negatively impact our decision making. After decades of study, researchers Daniel Kahnemann and Amos Tversky found that in decision making, individuals are influenced by overconfidence bias, hindsight bias, anchoring bias, framing bias and escalation of commitment. Awareness of these decision making traps can help us avoid them.