ECONOMICS

Detailed explanation-1: -Poor decision makers fail to keep those base assumptions in mind when applying the tried and true. Having no strategic alignment. Bad decisions sometimes stem from a failure to connect the problem to the overall strategy. In the absence of a clear strategy that provides context, many solutions appear to make sense.

Detailed explanation-2: -Decision-based learning can be used in education or professional development to help learners understand situations properly and the process behind making the most effective decision. In typical decision-based learning, conditional knowledge is taught first.

Detailed explanation-3: -Decision making is the process of deciding or selecting a particular course of action especially when there is uncertainty involved. It is a cognitive process, which means it involves the mental power of a particular individual.

Detailed explanation-4: -Learning and decision-making are mutually influential cognitive processes. Learning processes refine the internal preferences and representations that inform decisions, and the outcomes of decisions underpin feedback-driven learning (Bogacz and Larsen, 2011).