Decision framing is often minimized or overlooked. In developing capital project business cases, people tend to start gathering inputs right away and to fill out spreadsheets too soon. When we start building a financial model and collecting data without first framing the decision, we run the risk of falling prey to collecting the wrong data and the common cognitive biases.
Content: Quotation
Authors: Charles Alsdorf, Elayne Ko, Igor Heinzer
Source: Deloitte Review
Subject: Decision Making
Authors: Charles Alsdorf, Elayne Ko, Igor Heinzer
Source: Deloitte Review
Subject: Decision Making
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