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Effects of Personality Traits on Managerial Decision Framing and Decision Errors Essay

… Personality Traits

a) The conscientious manager would frame a decision-making situation as an opportunity to set an objective to achieve, and then take the steps necessary to attain that objective. This type of manager views decision-making as part of his or her duty, and approaches the task rationally. An objective is set out, and information gathered. That information is put together rationally with the objective in mind. The decision is not made until the manager is confidence that due diligence has been conducted and the decision is the right one. In the face of uncertainty, this type of manager seeks more information to eliminate the uncertainty. This comes in the form of adjustment from an anchor (Tversky & Kahneman, 1974), which constitutes the known information…. [read more]

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