Team Awesome 1 Cody, Fady, Tyler Professor Waslack MOR 499: The Art and Science of Decision Making Final Project Proposal For our final project, our group will be addressing Option 2: Study a Case of Biased Managerial Decision Making. We will base our specific instance on Cody’s experience at Subtractive Inc. involving the faulty assignment of duties by an interim producer. In the process of creating a film, the producer in charge decided to maintain control of all of the individual assignments, refusing to delegate general duties to their respective departmental heads. Some of the biases we intend to touch upon involving this decision include: False Consensus: Failed to take into consideration the fact that others have experience and may have made different decisions. Self-Handicapping: Gave himself too much responsibility enabling him to use that as an excuse in case of failure Curse of Knowledge: Assumed that everyone he assigned responsibilities to knew what they need to do without elaborating on them in detail Overconfidence: Took on more responsibility than he could handle Planning Fallacy: Things took longer than he thought they would Groupthink: Consulted with new partner on project and readily agreed to unfeasible ideas Confidence as a Signal for Confidence: Confidence of producer could create a false sense of trust in others, preventing them from questioning his abilities. Escalation of Commitment:
