 The Psychology Behind Bad DecisionsChapter Chapter 2 in Mastering Decision-Making in Business and Personal Life, 2025, pp 13-49 from Springer Abstract: Abstract This chapter delves into the intricate psychological factors influencing decision-making in personal and professional realms. It explores cognitive biases, such as confirmation bias and anchoring, which skew rational judgment. Emotional influences, crucial in shaping perceptions and risk assessments, underscore the importance of emotional intelligence. The misperception of feedback hypothesis reveals how delayed feedback can lead to flawed decisions. Stress and pressure exacerbate these challenges by impairing cognitive functions and promoting heuristic reliance. Effective strategies like mindfulness and resilience training mitigate these effects, enhancing decision-making prowess. Insights gleaned aid in navigating complexities, fostering informed and optimal decisions in diverse contexts. Keywords: Cognitive biases; Emotional influences; Confirmation bias; Anchoring bias; Misperception of feedback hypothesis; Stress and pressure; Heuristic-based judgments; Emotional intelligence; Risk assessments; Cognitive resources; Decision-making skills; Effective stress management; Resilience training (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-81068-8_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-81068-8_2 Access Statistics for this chapter More chapters in Springer Books from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.