Question: Begin with a problem statement - your problem defined in a single sentence. Identify the relevant criteria necessary for the decision-making process surrounding your problem.

  • Begin with a problem statement - your problem defined in a single sentence.
  • Identify the relevant criteria necessary for the decision-making process surrounding your problem. List and then describe each of the criterion related to the defined problem and/or any potential solution.
  • Identify and illustrate a single heuristic or bias that could negatively impact the decision-making process. Remember that any discussion of heuristic/bias should include a definition, application, and mitigation.

Each step of the rational decision-making process can and should be connected to research. Examples include, but are not limited to System 1 and System 2 thinking, overconfidence, common biases, bounded awareness, framing, self-serving reasoning, perceptions of fairness, etc. The connection you make should always be related to the current step in the rational decision-making process but may not align with the reading for the week.

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