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Psychological Factors in Decision Making Processes

by Daniel Smith 1,*
1
Daniel Smith
*
Author to whom correspondence should be addressed.
Received: 15 September 2022 / Accepted: 15 October 2022 / Published Online: 14 November 2022

Abstract

The decision-making process is a complex cognitive activity that involves several psychological factors. This paper delves into the various psychological elements that influence decision-making, exploring how they shape our choices and outcomes. It examines the role of cognitive biases, such as confirmation bias and overconfidence, and how they can lead to suboptimal decisions. Additionally, the paper investigates the impact of emotional factors, including stress and optimism bias, on decision-making. Furthermore, it discusses the role of social influences, such as conformity and groupthink, on individual decision-making processes. By analyzing these psychological factors, this study aims to provide insights into the intricacies of decision-making and offer strategies to enhance decision quality.

 


Copyright: © 2022 by Smith. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
Cite This Paper
APA Style
Smith, D. (2022). Psychological Factors in Decision Making Processes. Decision Sciences and Social Change, 4(2), 34. doi:10.69610/j.dssc.20221114
ACS Style
Smith, D. Psychological Factors in Decision Making Processes. Decision Sciences and Social Change, 2022, 4, 34. doi:10.69610/j.dssc.20221114
AMA Style
Smith D. Psychological Factors in Decision Making Processes. Decision Sciences and Social Change; 2022, 4(2):34. doi:10.69610/j.dssc.20221114
Chicago/Turabian Style
Smith, Daniel 2022. "Psychological Factors in Decision Making Processes" Decision Sciences and Social Change 4, no.2:34. doi:10.69610/j.dssc.20221114

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ACS Style
Smith, D. Psychological Factors in Decision Making Processes. Decision Sciences and Social Change, 2022, 4, 34. doi:10.69610/j.dssc.20221114
AMA Style
Smith D. Psychological Factors in Decision Making Processes. Decision Sciences and Social Change; 2022, 4(2):34. doi:10.69610/j.dssc.20221114
Chicago/Turabian Style
Smith, Daniel 2022. "Psychological Factors in Decision Making Processes" Decision Sciences and Social Change 4, no.2:34. doi:10.69610/j.dssc.20221114
APA style
Smith, D. (2022). Psychological Factors in Decision Making Processes. Decision Sciences and Social Change, 4(2), 34. doi:10.69610/j.dssc.20221114

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References

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