-Calculate the SSE

question 140

Essay

-Calculate the SSE

Understand the concept of bounded rationality and its impact on problem identification.

Recognize the effects of information overload on decision making.

Identify the stages of the rational decision-making model where specific biases occur.

Define and recognize different cognitive biases, such as not-invented-here bias and anchoring effect.

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Definitions:

Perfectionist Strivings

Perfectionist Strivings refer to efforts aimed at achieving flawlessness and setting excessively high performance standards, often leading to self-critical evaluations.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Personal Concerns

Individual issues, worries, or interests that are of personal significance and often impact one's emotional or mental well-being.

Fears

Unpleasant emotions or feelings caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.