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Decision-Making for Managers: Heuristics and Biases
Mon, Aug 12, 2024
University of British Columbia (UBC) - Sauder School of Business
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Decision-Making for Managers: Heuristics and Biases

Finished Mon, Aug 12, 2024 , 7pm-8pm
University of British Columbia (UBC) - Sauder School of Business
1954 Huashan Lu, near Guangyuan Lu
18898630983

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  • Time: 7pm-8pm
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Effective decision-making is crucial for managerial success and organizational performance. This sample lecture explores the cognitive underpinnings of decision-making, drawing on interdisciplinary insights from psychology and economics, finding that managers often rely on mental shortcuts in complex decision-making scenarios. These heuristics, while efficient, can lead to systematic errors or biases such as overconfidence, anchoring, and loss aversion. Through interactive discussion and real-world case examples, we will examine the impact of these biases on business outcomes and explore strategies to mitigate their effects.

University of British Columbia (UBC) - Sauder School of Business
1954 Huashan Lu, near Guangyuan Lu
华山路1954号, 近广元路
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