Sample Essay on:
Rational Decision-Making

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Essay / Research Paper Abstract

This 4 page paper examines decision-making. The book Blink by Malcolm Gladwell is discussed along with rational decision making models. Satisficing behavior is also explained. Bibliography lists 7 sources.

Page Count:

4 pages (~225 words per page)

File: RT13_SA728Rat.rtf

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Unformatted sample text from the term paper:

2005). To that end, he describes the art of thin-slicing (Gladwell, 2005). Of this book, Bannister (2006) remarks that Gladwell cites "numerous studies in which various parts of the human body instinctively react to decision-making situations before rational thought occurs. In other words, after about two seconds we have already instinctively made a decision before consciously gathering all pertinent data. Now, this may not hold true for every type of decision we make but it does have some merit." In some way, Gladwells approach captures the fact that the rational mind is always at work. At the same time, it does give support for the idea that people can make quick decisions by using their intuition. Yet, that intuition is nothing extraordinary. It is simply that the brain works in mysterious ways, but also, that it works in a rational manner. Most people are familiar with rational decision making as something that is concrete and takes more than a few seconds. What is rational decision making exactly? How does rational and non-rational behavior affect a final decision? One explanation of this type of decision-making is as follows: " A rational decision-making process is one that is logical and follows an orderly path from problem identification through to a solution" ("Group/Individual Level," 2000). There are a variety of methods one can use. There are matrices where one can weight various factors to see if a move should be made. An example of a problem is whether or not someone should relocate for another job. Various factors are the desirability of the job, the logistics of the move, being away from family and friends, and money. There are likely many other factors. Yet, when making the decision, each factor is weighted. For instance, money may be considered a 9 ...

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