Briefly describe two Decision Traps and explain how a leader can try to avoid being impacted by it.
Expert Answer
Leaders are responsible for decision making for positive outcome of the business. But some times overconfident can result in faulty results. The overestimation of success being too optimistic sometimes may result in inherent outcomes. Usually leaders results because they get caught in decision making traps. Two of the traps and how they can be avoided are discussed below:
1. The Anchor Trap: Psychologically it happens that mind gives weight to the first information it receives. The initial impression forces mind
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