Question

Are judgement and decision making interrelated processes? Briefly explain it .

Answer 1

Judgement and decision making are interrelated processes.

• In decision making the problem before us is to choose among alternatives by evoluating the cost and benefit associated with each o alternative.For example, when you have the option to choose between psychology and economics your decision will be based on future prospects.

• Decision making differs from other type or problem solving. In decision making are already know the various solutions of choices.

• Judgement are not decisions although they make yield information necessary for decision.

Judgement and decision making are interrelated processes.