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.

Nolan is the director of the Lycarta Society, an organization dedicated to identifying art forgeries throughout the world. Nolan has been doing his job

for almost $20$ years, and he is a particular expert in the works of Jackson Pollock, an American painter. Last week, Nolan simply glanced at a painting,

and he was able to instantly say that it had not been created by Pollock, with virtually no information other than a quick visual scan of the piece.

Intuition

Satisficing

Escalation