Assessment details: Managerial Insights Presentation Stability Biases

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Good morning ladies and gentleman, I welcome and thank you all for taking some time off to join us in these deliberations on biases that affect decision making. Different types of cognitive biases have been identified by behavioral economists and social psychologists. According to Wolf (2014) most of the identified biases, most especially stability biases frequently occur therefore possessing the largest impact on the decision-making process of a business. Stability biases are emancipated in the case where managers are comfortable with the status quo, mostly when there is no need for change in an organization.

Today, research reveals that managers continuously make irrational decisions as...