Sticking with the theme of “students changing their majors”, incorporate starting an internship/rorational program earlier, like in highschool. so that students are more prepared for the major they select.

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Most decisions require people to accomplish more than one objective. When buying a car, you may want to maximize fuel economy and comfort while minimizing cost. The rational decision-maker with identify all relevant criteria in the decision-making process.

Identify the relevant criteria necessary for the decision-making process surrounding your problem. Remember all steps in the rationale decision-making process will be completed through the remainder of the course as they related to the problem you define, and the relevant criteria you identify. You may end up adjusting the criteria you identify as you progress through the remaining steps of the process.

Each step of the rational decision-making process can and should be connected to research. Examples include, but are not limited to System 1 and System 2 thinking, overconfidence, common biases, bounded awareness, framing, self-serving reasoning, perceptions of fairness, etc. The connection you make should always be related to the current step in the rational decision-making process but may not align with the reading for the week.

Resources:

Stefanovich, A. (2011). Look at more: A proven approach to innovation, growth, and change.