We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Factors that influence decision-making - Essay Example

Comments (0) Cite this document
The Effects of Categorization and Social Influences on Decision-Making Insert Name Insert Grade Course Insert Insert Date Introduction Humans are bound to various decision making scenarios in their everyday life. As a result, decision making is an important phenomenon of everyone at all stages of life…
Download full paperFile format: .doc, available for editing
Polish This Essay98.7% of users find it useful
Factors that influence decision-making
Read TextPreview

Extract of sample
"Factors that influence decision-making"

Download file to see previous pages However, the social factors and categorization may be the major influencers of individuals’ decision making. The social environment and categorization factors have in fact made impossible for human beings to make decisions with restraint rather than on free will. This paper will examine the various categorization and social influencers that may determine the way an individual makes decisions on a daily basis. The analysis will first look at the various cognitive processes that help create understanding. Consequently, the paper will then examine the various ways in which categorization and social factors determine how individuals make decisions. Cognitive Processes The various models of cognitive process of decision making point towards a dual process, in which individuals take either side of the model. The major theories of the cognitive process are the heuristic processing and risk relevant decision making process. A major common factor of the cognitive process models is the agreement that decision making develops with time. In other words, the process develops with age and hence the difference between adults and adolescents or children in terms of decision making. The heuristic model proposes that there are some forms of shortcuts that people may take in the process of decision making. ...
On the other hand, risk relevant decision making model proposes various ways in which the risk factor may affect the cognitive process. First is the ‘reasoned pathway’ framework that states that individuals will make decisions based on the likely consequences. Through this, humans will first weigh the situation and arrive at final decisions based on the benefits of choosing the available or possible scenarios of the required decision to be made. This framework therefore tends to avoid the risks that might be associated with making certain decisions over the others. In contrast, the ‘social reaction pathway’ frame work is based on the willingness of individuals to get involved in certain risky behavior. Since the cognition process is subject to time for development purposes, it is through this that adolescents are likely to get involved in risky behavior like drug taking, drinking, reckless driving among other things. In addition, emotions may also have an effect on the cognitive process and hence may largely affect decision making. Categorization Categorization is based on the model of social classifications. It is a wider form of stereotyping where people tend to have some form of abstract or general meaning of certain objects, people or places. As a result, decision making is pegged on these ideas. Generalization may involve the process of placing objects or people into categories (Crisp, 2002). This is necessitated by the need of cognitive process to become efficient by associating meaning to groups of objects or people. In the decision making process, this will mean that an individual will be likely to have a perception on the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Factors that influence decision-making Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/psychology/1473337-factors-that-influence-decision-making
(Factors That Influence Decision-Making Essay Example | Topics and Well Written Essays - 1000 Words)
“Factors That Influence Decision-Making Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/psychology/1473337-factors-that-influence-decision-making.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
What are the key internal factors and external factors to be considered in price decision making
When price is considered in terms of demand and supply, it can be said that price has inverse relationship with demand and positive relationship with supply. In other words, when price increases demand decreases and vice versa, while price increases supply also increases.
4 Pages(1000 words)Essay
Factors influencing decision making in organizational change: a case study of Samsung Electronics
Change is an inevitable process in any organization that seeks to grow and become successful. As Griffith & Moorhead state, an organization may be forced by circumstances to change, or the change may be deliberate in response to the internal and external environments. Mostly, the middle management within the organization is tasked with making decisions with regard implementing the changes.
7 Pages(1750 words)Essay
Decision Making
This report highlights the importance of market research and consumer buying behavior in the light of Grand Days Out plc, an organization that owns and operates theme parks and other leisure activities. It starts of by identifying three Critical Success Factors for the company.
8 Pages(2000 words)Essay
Decision-making process
An overview is provided of the second half of the twentieth century of the emergence of this specialty, how it relates to the larger field of organization studies, as well as looking into the open system framework and the important theoretical advances associated with the adoption of such during the 1960s.
7 Pages(1750 words)Essay
What factors influence the decision to create an index on a field
For instance, if we frequently look for a table or arrange its records by a specific field, so we can boost these procedures by making an index for the
1 Pages(250 words)Essay
Social factors in Consumer decision making process
This is because a certain product or a service would be consumed by entire family members and whenever a particular service or a product is bought by a family they would consider the needs of all family members (Grewal & Levy, 2011).
2 Pages(500 words)Essay
Factors that would influence the decision-making process
Planning involves clinical assessment, collection of radiographic data, patient preparation and counselling, and planning of the surgery and restoration.
11 Pages(2750 words)Essay
Decision Making
Likewise, the educational background, various demographic factors, personal profile, and the situation which calls for the decision significantly influence the kind of decision-making to be used. As briefly explained in one of the course reading, intuitive decision making is
2 Pages(500 words)Essay
Factors That Influence Consumers Purchasing Decision

This paper illustrates that consumer behavior clarifies the motive and logic behind specific purchasing pattern being followed within a market context. Various methods have been applied correspondingly, in order to understand such factors. For example, various secondary sources have been evaluated in order to gain information about the factors that influence the buying behavior of the consumers.

15 Pages(3750 words)Essay
Economic Factors That Influence Manager Decision
According to the report there is a need to always to be ready to embrace change that is brought forth by the different decisions that are made so as facilitate the change. In this light, multinational corporations have always faced challenges especially in the management level given the size of the organization.
8 Pages(2000 words)Essay
Let us find you another Essay on topic Factors that influence decision-making for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us