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?
