logo share us

Judgment

   

Definition: Judgment is the ability to combine personal qualities with relevant knowledge and experience to form opinions and make decisions.
According to Likierman S.A., The Elements of Good Judgment, Harvard Business Review, January – February 2020, there are six basic components of good judgment, namely learning, trust, experience, detachment, options, and delivery.


   
   
💡

Learn more about Judgment.



More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more on individual decision making...


MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.

We like to keep things short, and provide links to learn more about your subject.


add us to your desktop

Add MBA Brief to your desktop / iPad

   

© 2024 MBA Brief - Last updated: 20-7-2024  -  Privacy   |   Terms