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8. Discuss the implication of the following concepts
1.The Question of want vs. should
2.Decision framing
3.System 1/System 2
4.Bias and decision errors
5.Monitoring and sanctions
6.Organizational context
Expert Answer
Implication of the Given Concepts:
1. The Question of Want Vs. Should
Should and Want are the two terms which defines the way we do our daily work and always implies to the implications that we go through daily.
Want is something we are expecting to be happen in any context of our daily life. But, to happen that ‘Want’ we have to define the different kinds and ways of work questioned by ‘Should’. So,
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