21 Jun USE THE THEORY OF BOUNDED RATIONALITY TO REFLECT ON YOUR REASONS FOR MAKING THAT DECISION.
ssignment task / student instructions
Review a decision you have observed in the workplace. If you have limited workplace experience, you may focus on a decision you have observed in another situation.
You should only have observed this decision making situation; you should not have participated in it.
This review is comprised of three parts and requires you to:
1. Summarise your observation (300 words)
In your summary, include the following: What decision was made? Who made the decision? What factors influenced the decision? What was the outcome of the decision?
Your purpose in this part of the assignment is to demonstrate summarising skills.
2. Use the theory of bounded rationality to explain the decision making process in this situation. (700 words)
Your purpose of this part of the assignment is to demonstrate analytical writing skills.
3. Explain what decision you would have made in this situation. Use the theory of bounded rationality to reflect on your reasons for making that decision. (500 words)
Your purpose in this part of the assignment is to demonstrate reflective writing skills.
Student deliverable Observation Review (1500 words)
Assessment Criteria 1 Clear and concise summary of the decision making process and its outcomes (30%)
2 Application of the theory of bounded rationality to critically analyse the decision and its issues (30%)
3 A personal reflection, informed by theory of bounded rationality, on an alternative possible decision (30%)
4. Clear language, overall structure and correct referencing (10%)
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