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Presented by

Shidhanta Sekhar Mahunta

Sasmita Pati

Saroj Kumar Naik

Sasmita Nayak

Sarmista Kumari Jena

Sanjay Kumar Bhoi
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Pros (for - advantages) Cons (Against -
                            disadvantages)
1   Better comfort                     Cost outlay will mean
                                       making sacrifices
2   Lower fuel costs                   Higher insurance

3   Lower servicing costs              Time and hassle to choose
                                       and buy it
4   Better for family use              Disposal or sale of old car

5   Better reliability                 Big decisions like this scare
                                       and upset me
6   It will be a load off one’s mind

7   Total 6 pros                       total 5 cons
OVERCONFIDENCE
                                          IMMEDIATE
             HIND                        GRATIFICATION
             SIGHT

       SELF                                    ANCHORING
     SERVING                                     EFFECT


 CONFIRMATION
                          DECISION
                                                SELECTIVE
                         MAKING BIAS           PERCEPTION


RANDOMNESS
                          & ERRORS
                                               SUNK COSTS


REPRESENTATION
                                            FRAMING
                          AVAILABILITY








Smarter decision making and critical thinking (2)

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Smarter decision making and critical thinking (2)

  • 1. Presented by Shidhanta Sekhar Mahunta Sasmita Pati Saroj Kumar Naik Sasmita Nayak Sarmista Kumari Jena Sanjay Kumar Bhoi
  • 3.
  • 8.
  • 10. Pros (for - advantages) Cons (Against - disadvantages) 1 Better comfort Cost outlay will mean making sacrifices 2 Lower fuel costs Higher insurance 3 Lower servicing costs Time and hassle to choose and buy it 4 Better for family use Disposal or sale of old car 5 Better reliability Big decisions like this scare and upset me 6 It will be a load off one’s mind 7 Total 6 pros total 5 cons
  • 11. OVERCONFIDENCE IMMEDIATE HIND GRATIFICATION SIGHT SELF ANCHORING SERVING EFFECT CONFIRMATION DECISION SELECTIVE MAKING BIAS PERCEPTION RANDOMNESS & ERRORS SUNK COSTS REPRESENTATION FRAMING AVAILABILITY