'Judgment in Managerial Decision Making' delves into the psychology behind how managers make decisions, often influenced by cognitive biases and errors. Bazerman and Moore reveal the surprising ways these biases can lead to poor outcomes, even among experienced leaders. With compelling real-world examples, the authors illustrate practical strategies to improve decision-making processes. This book challenges readers to recognize their own psychological blind spots. Dive into this insightful exploration and transform the way you approach critical decisions in your professional life!
By Max H. Bazerman, Don A. Moore
Published: 2012
"In the realm of decision-making, the true challenge lies not just in the choices we face, but in understanding the biases that cloud our judgment."
Behavioral decision research provides many important insights into managerial behavior. From negotiation to investment decisions, the authors weave behavioral decision research into the organizational realm by examining judgment in a variety of managerial contexts. Embedded with the latest research and theories, Managerial Decision Making 8th Edition gives students the opportunity to understand their own decision-making tendencies, learn strategies for overcoming cognitive biases, and become better decision makers.
Showing 8 of 30 similar books
Charlie Munger is an American investor, businessman, and philanthropist, best known as the vice chairman of Berkshire Hathaway, where he partners with Warren Buffett. Renowned for his insights on investment strategies and mental models, Munger has significantly influenced the world of finance. His notable literary contributions include "Poor Charlie's Almanack," a compilation of his speeches and writings that distill his wisdom on decision-making and business principles. Munger's work emphasizes the importance of multidisciplinary thinking and continuous learning. Beyond his financial acumen, he is celebrated for his charitable efforts, particularly in education and healthcare.
Jon Stewart is an American comedian, writer, and former host of The Daily Show, where he gained fame for his satirical take on news and politics. Stewart transformed The Daily Show into a critical voice in American media, blending humor with hard-hitting commentary on political and social issues. After stepping down from the show, Stewart has continued to advocate for causes like 9/11 first responders and veterans' rights. He is also a filmmaker, directing the political satire film Irresistible. Stewart remains a significant figure in American culture, known for his wit, activism, and influence on political discourse.
Andrew Wilkinson is a distinguished author and entrepreneur, best known for his insightful business writings and contributions to the tech industry. He co-founded MetaLab, a prominent design agency that has shaped the user experience of major platforms like Slack and Coinbase. Wilkinson's entrepreneurial journey and his publications provide valuable perspectives on startup culture, innovation, and leadership. His writing, often featured in leading business magazines and his personal blog, has garnered a wide readership for its practical advice and engaging storytelling. Andrew continues to influence both literature and the business world with his unique blend of creativity and strategic thinking.
James Clear is the author of the bestselling book Atomic Habits, which focuses on the power of small habits and incremental improvements to achieve significant personal and professional growth. Clear’s writing blends insights from psychology, neuroscience, and productivity to provide practical strategies for building better habits. His work has helped millions of people create positive changes in their lives by focusing on the process rather than the outcome. James’s clear, actionable advice has made him a sought-after speaker and thought leader in the field of personal development.
Alfred Lin is a venture capitalist and partner at Sequoia Capital, where he focuses on investments in consumer internet, enterprise, and mobile companies. Lin is known for his early investments in companies like Airbnb and DoorDash, helping them grow into major global brands. Before joining Sequoia, Lin was an executive at Zappos, where he worked closely with CEO Tony Hsieh to develop the company’s innovative culture and customer service model. Lin’s expertise in scaling businesses and his strategic vision have made him one of the most respected venture capitalists in Silicon Valley.
Patrick Bet-David is an Iranian-American entrepreneur, author, and CEO of the media company Valuetainment. He is best known for his books "Your Next Five Moves" and "Drop Out and Get Schooled," which offer strategic insights and motivational guidance for aspiring business leaders and entrepreneurs. Bet-David's work has garnered a large following due to his practical advice and inspirational personal story, from fleeing Iran as a child to building a successful career in the United States. Through his writings and YouTube channel, he has influenced countless individuals to pursue their entrepreneurial dreams and improve their strategic thinking. His contributions to literature and media have made him a prominent thought leader in the business community.
Daniel Kahneman is a renowned psychologist and Nobel laureate, celebrated for his groundbreaking work in the field of behavioral economics. He co-authored the seminal book "Thinking, Fast and Slow," which explores the dual systems of thought and has profoundly influenced both psychology and economics. Kahneman's research, particularly his collaboration with Amos Tversky on prospect theory, challenged the traditional rational model of decision-making and earned him the Nobel Prize in Economic Sciences in 2002. His contributions have reshaped our understanding of human judgment, decision-making, and the nature of happiness. Kahneman continues to be a leading voice in the study of cognitive biases and heuristics.
Arianna Huffington is the founder of The Huffington Post and Thrive Global, a company focused on wellness and productivity. She is a bestselling author and prominent speaker on the importance of sleep and managing stress. Arianna’s work emphasizes the importance of balance between professional success and personal well-being. Her book The Sleep Revolution has inspired a global movement to prioritize rest. She is considered one of the most influential women in media and business.
“In the realm of decision-making, the true challenge lies not just in the choices we face, but in understanding the biases that cloud our judgment.”
Judgment in Managerial Decision Making
By Max H. Bazerman, Don A. Moore
Discover a world of knowledge through our extensive collection of book summaries.
Max H. Bazerman is a renowned author, educator, and expert in negotiation and decision-making. He serves as the Jesse Isidor Straus Professor of Business Administration at Harvard Business School and is a co-founder of the Harvard Negotiation Project. Bazerman's notable works include 'Negotiation Genius', 'Decision Making in the New Economy', and 'Predictable Surprises'. His writing is characterized by clear, practical insights underpinned by extensive research, aiming to equip readers with tools for effective negotiation and decision-making in both personal and professional contexts.
Don A. Moore is an acclaimed author and thought leader renowned for his expertise in decision-making and behavioral economics. He is best known for his works such as 'The Perfect Choice' and 'The Illusion of Choice,' which delve into the complexities of human decision processes. Moore’s writing is characterized by its analytical approach and accessibility, making complex concepts understandable to a broad audience. Through his compelling narratives, he invites readers to explore the subtleties of choice and judgment, blending empirical research with practical insights.
Key information about the book.
Buy on Amazon
Buy via BookShopSupport local bookstores: BookShop gives a portion of each sale to independent bookshops!
In "The Psychology of Money," Morgan Housel unravels the complex relationship between our emotions and financial decisions. Through captivating anecdotes and profound insights, he reveals that wealth isn't just about numbers, but about behavior and mindset. The book challenges conventional wisdom, urging readers to understand the subtle psychological forces that influence our spending and saving habits. Housel's reflections highlight the power of patience, humility, and a long-term perspective in building true financial success. Prepare to rethink everything you thought you knew about money and its role in your life!
In "Misbehaving: The Making of Behavioral Economics," Nobel laureate Richard Thaler takes readers on a riveting journey through the evolution of behavioral economics, a field that challenges traditional economic theories. Thaler candidly shares his experiences and groundbreaking experiments that reveal how human behavior often defies rational expectations, leading to surprising choices in everyday life. With a blend of humor and keen insight, he highlights the quirks and biases that influence decision-making, reshaping our understanding of markets and policies. This enlightening narrative not only unveils the complexities of human behavior but also emphasizes the importance of incorporating psychology into economic thinking. Dive into a world where misbehavior leads to profound revelations about the way we live, work, and decide!
In "Nudge," behavioral economists Richard Thaler and Cass Sunstein unveil the subtle art of influencing choices and shaping outcomes without restricting freedom. They explore how small, seemingly insignificant changes in the way options are presented can lead to drastically improved decisions in health, finance, and overall happiness. With compelling real-world examples and engaging insights, the authors demonstrate how understanding human psychology can empower individuals and policymakers alike. Dive into a world where choice architecture transforms lives and reshapes society's approach to welfare. Discover the hidden nudges that could change everything about the way we choose!
In 'Originals', Adam Grant explores the traits and habits of those who dare to challenge the status quo. He delves into the psychology behind innovation, revealing how creative thinkers cultivate ideas that can reshape industries. The book is packed with research-backed insights and compelling stories of nonconformists who made a difference. Grant's engaging narrative encourages readers to embrace their originality and take calculated risks. Will you be inspired to unleash your inner original and change the world?
In 'Zero to One', entrepreneurs Peter Thiel and Blake Masters explore the art of innovation, urging readers to create something truly new rather than incremental improvements. They challenge conventional wisdom by revealing how monopolies foster progress, rather than competition, in today’s economy. Thiel outlines the mindset required to pursue unique ventures and emphasizes the importance of technology in creating transformative ideas. Through compelling anecdotes and thought-provoking insights, the book advocates for the pursuit of the extraordinary. Will you dare to think differently and build something that changes the world?
In 'The Undoing Project', Michael Lewis explores the groundbreaking collaboration between two Israeli psychologists, Daniel Kahneman and Amos Tversky, whose revolutionary theories on decision-making changed our understanding of human rationality. Their research reveals the cognitive biases that influence our choices, often leading us astray in unexpected ways. Through compelling anecdotes and vivid storytelling, Lewis uncovers how their work not only transformed psychology but also impacted economics, medicine, and public policy. As their friendship deepens amid professional triumphs and personal struggles, the book delves into the complexities of the human mind and the power of perspective. Will their insights lead to a newfound awareness of our own thought processes? Discover the fascinating tale behind the science of thinking.
No summary available
In '12 Rules for Life', psychologist Jordan B. Peterson distills life lessons from psychology, philosophy, and mythology into twelve profound principles for personal growth. Each rule invites readers to confront the chaos of existence and embrace responsibility, guiding them toward meaning and order. Peterson's compelling narratives and incisive insights challenge conventional wisdom, urging self-reflection and accountability. As readers navigate through the complexities of life, they discover how to build a stable foundation for themselves and their communities. This thought-provoking book promises to provoke deep contemplation and inspire transformative change.
Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.
