What Role Do Uncertainty and Heuristics Play in Decision-Making? How

question 61

Essay

What role do uncertainty and heuristics play in decision-making? How do the representativeness and availability heuristics distort probability judgments?

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Definitions:

Self-Promoting

The act of actively and explicitly promoting one's own abilities, achievements, or qualities, often for personal gain or career advancement.

Virtue-Based Theories

Ethical theories that emphasize virtues or moral character in evaluating the morality of individual actions or behaviors.

Leader's Character

The moral and ethical qualities, values, and principles that guide a leader's decisions and actions.

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve others, prioritizing the needs of the team, organization, and community before their own.