Judgement and Decision-Making: A Global Perspective Part 2
How do we take decisions on a daily basis? Are they as rational, as we like to see ourselves deciding over things? No, we’re not, but that’s usually not a problem. Taking all possible decision-making factors into account for every decision we take - and we take many everyday - would be super exhausting. We therefore developed short cuts for decision-making, which we all know as stereotypes, learned generalizations or heuristics. Behavioral economist Daniel Kahneman defined th