Decision making involves many behavioral aspects, which can introduce subjective considerations into the process. Behavioral aspects include things such as bounded rationality, political forces, intuition, escalation of commitment, risk propensity, and ethics. Good decisions can $($and often must$)$ be made despite behavioral considerations; therefore, it is important to understand their potential effects.

Identify the behavioral consideration that is described in each of the following examples.

Athena has been working at Taco Town for $15$ years. She can't begin to tell you how many customers she's served, only that she sees more than $100$ people a day at her store. Last week, Athena saw someone walking into the restaurant and instantly knew that he was going to cause trouble. She didn't think; she just automatically set off her silent alarm, and the police cars pulled up just as the customer pulled out a gun.

Escalation

Intuition

Satisficing

Every year, your family poses for a photograph to be used in its holiday cards. To add interest to the photo, everyone wears an identical accessory: sometimes you all wear the same scarf, other times you all wear the same sweater. To avoid getting stuck with another item of questionable fashion taste, you proposed wearing a dark gray wool felt fedora this year. Everyone agreed the hat was a good choice, so you bought one for every family member.

Escalation

Intuition

Satisficing