Managerial Risk Analysis and Decision Making : Elements of decision making

Refine and pose a reasonably complex problem definition along with a set of objectives (elements that you want to exist in your solution). Do not go beyond the objectives stage.

Remember: Objectives are the desirable traits of a potential solution. They are not alternatives and they are not action steps. This can be tricky, so think carefully and evaluate your list!

1.Provide your view and just enough background detail to allow the reader to understand the problem and objectives.
2.The length should be between 550 and 800 words (excluding the title page and references). Assignments under 550 and over 800 words will attract penalties.
3.Formal writing is required using APA.
4.Copied input, quotations, and paraphrasing require citations and references conforming to APA 6th edition standards to avoid the dire consequences of plagiarism and cheating. Formal research is not required.

Related Concepts ( only for reference but not apart of this paper):
a. Construct definitive problem statements and objectives
b. Analyze personal and professional decisions
c. Apply processes that clarify thinking
d.Assess how people make decisions based upon risk aversion
e.Describe the pitfalls of intuitive decision-making
f.Recognize biases in perception
g.Illustrate fallacies in reasoning

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