10 Jan What is the definition
Module 1 discussion
Bounded Rationality
Explain what Bounded Rationality is. Then discuss how this concept can affect the decision situation in SLP 1. Also discuss how this concept can affect the data analysis in Case 1. Explain your logic for both of your arguments. Are there any similarities between these two situations?
Week 1: Provide your initial discussion post to the question. Be sure to include references to any resources you used. You should use at least one resource to help you with your initial discussion.
Week 2: Respond to at least two of your classmates’ initial posts. Your response should be substantive and further the discussion. It is OK to be critical and use critical thinking. That means you can question what your classmates say. Do they provide their own critical thinking and logic?
Module 2 discussion
Estimating Probabilities: Availability Bias
One of the biases that has been proposed by Kahneman and Tversky and researched a great deal is the Availability bias. What is the Availability bias? How might it play a role in the decision in SLP 2? Consider that the estimated probabilities for both of the High NPV future states are relatively high (0.50 and 0.75). How could the Availability bias be at work here? How could using objective data analysis like frequency distributions mitigate the effect of the Availability bias?
Week 1: Provide your initial discussion post to the question. Be sure to include references to any resources you used. You should use at least one resource to help you with your initial discussion.
Week 2: Respond to at least two of your classmates’ initial posts. Your response should be substantive and further the discussion. It is OK to be critical and use critical thinking. That means you can question what your classmates say. Do they provide their own critical thinking and logic?
Module 3 discussion
Anchoring Bias
What is the Anchoring bias? How might is play a role in the decision in SLP 2/SLP 3? In what way might this bias cause error in the estimation of the probabilities? How could you mitigate the effect of this bias?
Week 1: Provide your initial discussion post to the question. Be sure to include references to any resources you used. You should use at least one resource to help you with your initial discussion.
Week 2: Respond to at least two of your classmates’ initial posts. Your response should be substantive and further the discussion. It is OK to be critical and use critical thinking. That means you can question what your classmates say. Do they provide their own critical thinking and logic?
Module 4 discussion
Heuristics
What is the definition of a heuristic decision method? What might be a heuristic method for hiring someone? Explain and justify your logic.
Week 1: Provide your initial discussion post to the question. Be sure to include references to any resources you used. You should use at least one resource to help you with your initial discussion.
Week 2: Respond to at least two of your classmates’ initial posts. Your response should be substantive and further the discussion. It is OK to be critical and use critical thinking. That means you can question what your classmates say. Do they provide their own critical thinking and logic?
Module 4 Reflective discussion
And Finally, We Reflect Back on the Course
As you complete this course, reflect back and answer these questions:
What two concepts do you think are the most relevant to the business and your MBA degree and why?
Which one or two concepts do you think are the least relevant to the business and your MBA degree and why?
Which concepts did you find particularly difficult to learn and why?
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