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Option 4 : C, D and E only
Russo and Schoemaker's book Choice Traps (1989) is a remarkable work that analyses, examines, and offers treatments for ten common decision traps, traps that individuals frequently fall into, lowering the quality of their decision-making processes, decisions, and, as a result, decision outcomes.
Some of the Decision traps that pertain to thinking and planning activities are mentioned below:
| Decision traps | Description |
| Plunging In |
Begin gathering data and drawing conclusions without first taking a few moments to explore the essence of the issue at hand or how you believe such decisions should be made. |
| Frame Blindness | Frame Blindness occurs when you set out to solve the wrong problem without giving it much thought because you created a conceptual framework for your decision without giving it much thought, causing you to overlook the best options or lose sight of critical goals. |
| Poor Frame of Control | Failure to define the situation in more than one way or being unduly influenced by the frames of others. |
| Group Failure | Assuming that good judgment will spontaneously happen because there are so many smart people involved, and so neglecting to control the group decision-making process. |
| Short-sighted shortcuts | Using inappropriate "rules of thumb," such as blindly trusting the most easily accessible information or leaning too heavily on convenient facts. |
Therefore, C, D, and E is the correct option.
Confusion Points
- Not Keeping Trak and Overconfidence also are Decision traps that pertain to thinking and planning activities.
- Overconfidence in Your Judgment — Failing to gather essential factual information because your preconceptions and opinions are too certain.
- Shooting From the Hip — Believing that you can keep all of the information you've gathered in your head straight, and hence "winging it" rather than following a methodical procedure when making a final decision.
- Not Keeping Track - Assuming that experience will automatically reveal its lessons and, as a result, neglecting to keep systematic records to track the outcomes of your decisions and failing to analyze these outcomes in ways that expose their key lessons.
- Failure to Audit Your Decision Process – Failing to develop a systematic strategy to comprehend your own decision-making, leaving you vulnerable to all of the above errors.
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