Question: the last question options are: groupthink model, administrative model, & classical decision model. 3. Behavioral Aspects of Decision Making Decision making involves many behavioral aspects,
the last question options are: groupthink model, administrative model, & classical decision model.
3. Behavioral Aspects of Decision Making 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 effeas. Identify the behavioral consideration that is described in each of the following examples. Lana is a marketing manager for Prika Software. Prika makes a product called "App Finder," which helps people find the apps they want to have on their cell phones. Last year, Prika sold only 4,000 copies of App Finder at $5.00 each, and projections for this year aren't much higher. This year, Lana wants to spend $75,000 to create a new home page for the product, because her company has already spent $100,000 in development. Intuition O Satisficing Escalation Nolan is the director of the Lycarta Society, an organization dedicated to identifying art forgeries throughout the world. Nolan has been doing his fob 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. Satisficing Escalation Intuition Mara and her sorority sisters decided it would be fun to dress in matching outfits for an upcoming event. The sorority sisters met at a dothing boutique, where they began pulling items off the racks and got a variety of reactions. Mara showed everyone a short sleeve Michael Kors dress with a scoop neckline and A-line silhouette. Every sorority sister thought it looked good. There happened to be enough in stock and, better yet, it was on sale! They decided that everyone would buy the Michael Kors dress. O Satisficing Escalation O Intuition Choose the best answer to complete the sentence. The of decision making recognizes that people (a) often use incomplete and imperfect information, (b) are constrained by bounded rationality, and (c) tend to satisfice

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