Smarter decision making and critical thinking (2)
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This document appears to be a presentation containing the following information: 1. It lists the names of 5 presenters: Shidhanta Sekhar Mahunta, Sasmita Pati, Saroj Kumar Naik, Sasmita Nayak, and Sarmista Kumari Jena. 2. It contains a table comparing the pros and cons of a decision, listing 7 pros and 5 cons. 3. It includes a diagram labeling various cognitive biases that can influence decision making, such as overconfidence, immediacy, anchoring effects, confirmation bias, and framing.
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Smarter decision making and critical thinking (2)
- 1. Presented by Shidhanta Sekhar Mahunta Sasmita Pati Saroj Kumar Naik Sasmita Nayak Sarmista Kumari Jena Sanjay Kumar Bhoi
- 10. Pros (for - advantages) Cons (Against - disadvantages) 1 Better comfort Cost outlay will mean making sacrifices 2 Lower fuel costs Higher insurance 3 Lower servicing costs Time and hassle to choose and buy it 4 Better for family use Disposal or sale of old car 5 Better reliability Big decisions like this scare and upset me 6 It will be a load off ones mind 7 Total 6 pros total 5 cons
- 11. OVERCONFIDENCE IMMEDIATE HIND GRATIFICATION SIGHT SELF ANCHORING SERVING EFFECT CONFIRMATION DECISION SELECTIVE MAKING BIAS PERCEPTION RANDOMNESS & ERRORS SUNK COSTS REPRESENTATION FRAMING AVAILABILITY