Psychology of Decision Making LO5211

William J. Hobler, Jr. (bhobler@cpcug.org)
Mon, 29 Jan 1996 17:26:04 -0500

The Winter 1996 edition of the Sloan Management Review leads off with an
article by David Messick and Max Bazerman concerning Leadership and
Psychology of Decision Making. The article makes interesting reading.

The authors use the term 'theory' much as Senge uses 'Mental Model'. They
posit that decisions are largely influenced by three simultaneously
operating 'theories', Theories about the World, Theories about Other
People, and Theories about Ourselves.

The conclusion reached is that decisions can be improved by improving the
models (not surprising).

What interests me is that the authors briefly cite some research that
supports their conclusions. Their references are relatively old, the most
recent date being a 1994 book by Max Bazerman. Is there any follow on
research that confirms or alters the position of the article?

--
~~~~~~~~~~~~ It's better at sea  ~~~~~~~~~~~~~~
bhobler@cpcug.org                         Still a Submariner
     William J. Hobler, Jr.               Preferably Bill
Learning is the heat that keeps organizations flexible,
   it is like the fierce flame that keeps steel molten.
~~~~~~~~~~~~~~~~   ~ ; )  ~~~~~~~~~~~~~~~~~~
--
"William J. Hobler, Jr." <bhobler@cpcug.org>