Essay
A recent article in The McKinsey Quarterly, present a useful list of some of the ways that strategic decisions can go wrong because of human shortcomings: 1.Overconfidence; 2.Loss aversion; 3.Champion Bias; 4.Misaligned risk aversion; and 5.Misaligned time horizon
Required: Provide a one sentence explanation for each of the five human shortcomings in decision making.
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1.Overconfidence; the result is to under...View Answer
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