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Business
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| Number of pages / Number of words: |
2 / 428 |
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(2001) Wharton on Making Decisions, [University of Phoenix Custom Edition e-text]. Hoboken, NJ: John Wiley & Sons, Inc. Retrieved October 4, 2006, from University of Phoenix, rEsource, MBA/500-Foundations of Problem-Based Learning
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How people make decisions can very depending upon the situation. There are many techniques that can be applied to resolving an issue or problem. Depending on the criteria a person places on the problem or issue, can lead them down certain paths for the decision making process. According to Hoch, Kunreuther, and Gunther there are two different philosophies in play when making decisions: these are reflective and expedient decision processes (Chap...
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