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With the first week of competitive multiplayer starting, the readings of Decisions making and the risks that come along with it work hand-in-hand. Just an FYI, I have been incredibly sick and didn't get to meet up with the team or do anything related to MikesBikes this week so my learning journal might be a bit vague. Anyway, Hammond, Keeney & Raiffa refers to the decision making process being anchored by our biases and the choices we make because of it OR even decisions we make justified because of the past choices we have made as individuals. I think this links to Daudelin's readings about the reflective self, where the more we learn and reflect on our choices within this simulation the more it anchors our decision making for the next few weeks. Since this is first week of competitive multiplayer, I do think these two reading will be our mantra just so we can be a successful business within MikesBikes. 

Our results are pretty much exactly what I thought wouldn't happen since we learned from Week 1 and 2 and had a really good process that really showed, our SHV being the main indicator. However, we were down 77cents, even though we had a pretty good placing compared to other teams - success is measured for me not through the work of others but what is the best we can do for ourselves - i.e. not half-assing the simulation. Hammond, Keeney & Raiffa make it a point to get someone to play Devils' Advocate and argue against the decisions we make as a team for the betterment of our company and be honest with ourselves on what we can gain by every move we make in this simulation. 

I think the smartest decisions for me would be to be a bit more hands on even when i'm sick to know whats going on on and maybe listen and learn from the readings to be a bit more logical with the decision making, reflect on every outcome and eventually improve. 



Hamond, J. S., Keeney, R. L., & Raiffa. H. (1998). Hidden traps in decision making. Harvard Business Review, 76(5), 47+. Retrieved from http://go.galegroup.com.ezproxy.auckland.ac.nz



3 Comments

  1. Please make sure you label your learning journal correctly. If you are not sure how to do that, here is a short video.

  2. Kia ora Sufyan,


    I really enjoyed reading your learning journal. it shows that you have a good understanding of the different reading resources. However, I did notice that you did not mention much about your actual group instead you discussed your results which is fair enough considering you were sick. Other than that this is a really good journal and hopefully my little input is useful.

    All the best,

    Tama

  3. Hi Sufyan,

    Your review makes good use of the available readings. You back up your ideas with information from the materials, and make use of Daudelin’s model for self-review. You state your problem of being down SHV, analyse the issue as an issue of perspective, and formulate an action plan to focus inward and work to better your position. All of which is logical and reinforced by ideas from the reading.

    A lot of the time you seem to be throwing the material out first and then backing it with your experiences, rather than the opposite. Keep in mind that your reviews are more about you rather than them. If we wanted to hear about the readings, we could read the books!

    I hope you get better soon.

    Finn