Assessment Task 4 – Decision Making Application

Word limit: 1,500 words excluding reference list and
Weighting/Value: 30%
The capacity of the human mind for formulating and solving complex problems is very small
compared with the size of the problems whose solution is required for objectively rational behavior in
the real world—or even for a reasonable approximation to such objective rationality
(Simon, 1957, p.
In reference to Simon’s quote, provide a critical examination of three discrete
concepts (
covered in this course) that may explain bias in decisions.
This essay provides a theoretical treatment (critical examination) of each concept and
should follow essay format.
Students should consult the general guides for marking essays –
links plus the ‘General
Guide to Writing and Study Skills’ available on the course website
A marking guide for this assessment is provided at a separate link.
1. Submit the assignment as a word document. Use left justified (not centred!), 12 point
font and 1.5 spacing. The reference style is APA. Marks may be deducted where this
criteria is not met.
2. Headings, figures, tables and diagrams where appropriate are encouraged.

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