September 2023
Exercise

Irrationality in Action: Decision-Making Exercise

By: Alison Wood Brooks, Michael I. Norton and Oliver Hauser

Format:Print
| Language:English
| Pages:23

Abstract

This teaching exercise highlights the obstacle of biases in decision-making, allowing students to generate examples of potentially poor decision-making rooted in abundant and unwanted bias. This exercise has two parts: a pre-class, online survey in which students provide responses to common decision-making problems and an in-class discussion in which the results are debriefed (showing that students exhibit these biases).

Keywords

Prejudice and Bias; Decision Making

Citation

Brooks, Alison Wood, Michael I. Norton, and Oliver Hauser. "Irrationality in Action: Decision-Making Exercise." Harvard Business School Exercise 924-007, September 2023.