Question: 3. If you collect too much information for analyzing a decision, you can suffer from analysis paralysis, where you spend too much time thinking about
3. If you collect too much information for analyzing a decision, you can suffer from analysis paralysis, where you spend too much time thinking about a decision rather than making one. Recall a major financial decision you made recently, such as a car or housing purchase or rental. Describe your process for making the decision. How could analysis paralysis have affected this process?
4. Decision support tools rely on objective, mathematical data. What part do ethics play in using decision support software?
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