Blink: The Power of Thinking Without Thinking by Malcom Gladwell is an exploratory work that examines the human mind’s intuitive decision-making abilities. Gladwell’s work provides several accounts and examples that support his argument that judgements or decisions made in a split-second (snap judgements) with very...
Essays on Decision Making
A essay about the evaluation of expert judgment and why should we study itI believe we all have at least asked ourselves once in our life, if we should carry a umbrella in our bag because the weather forecast has predicted so. Should we trust...
Investments are funds commitments to one or more assets to be held for a period in the future, with an expectations that these assets will result in higher revenue. For investments involving financial assets such as stocks, there are many factors that need to be...
We come across the word data, information and knowledge numeracy times especially in business organizations. These words have been confused by people and they use them interchangeably as it seems similar. However, they are completely different although they have a relationship with each other. Therefore,...
The world is waking up to the problems of counterfeit medicines by developing regulations to safeguard the supply chain. By 2019, more than 75% of the world’s prescription medications will be considered under different legislations. Implementation of a robust serialization process can help organizations curtail...
Matto and Sippola (2016), define cost management as the “application of MA (managerial accounting) concepts, methods of data collection, and presentation in order to provide the information needed to plan, monitor and control costs”. Business owners and management face decision making on a continual basis...
There are several methods are accessible which make data understanding very easy. These methods help us to comprehend the factors and their mode of communication with each other. So to understand all these things, making a “decision tree” such as an “influence diagram” is definitely...
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