Literature Synthesis on decisions in ambiguous or risky situations

    Order Description   Consider how individuals make decisions in ambiguous or risky situations. Which option would you prefer: choosing your own lottery ticket or accepting a ticket from the shopkeeper? Logically, it makes no difference to the probability of winning, yet you may prefer to choose the ticket. Why? The readings this week focus on how and why organisational leaders sometimes make poor decisions, and how poor decisions may be made because decision makers have an illusion of control. Given this week’s required readings and your further research, complete a 850-1,000 word Literature Synthesis. • Critically evaluates key arguments from both a scholarly and a practitioner-oriented point of view; • Critiques underlying assumptions evident in the articles and identifies any new insights for practice and scholarship; • Extends the thinking and application of your review with additional resources and experiential analyses.