Discuss some of the following elements of good decision and themes below;

1. Judgmental heuristics
2. Common biases in managerial decision making
3. Bounds of human judgment
4. Strategies for making better decisions.

BRIEF ANSWERS

To begin with, judgmental heuristics are decision methods or principles in which individual makes judgments based on simple probability. As an element of good judgments, they are use fast formation of judgments, making viable decisions, and find .…………..