A recent article in The McKinsey Quarterly,present a useful list of some of the ways that strategic decisions can go wrong because of human shortcomings: 1.Overconfidence 2.Loss aversion 3.Champion Bias 4.Misaligned risk aversion 5.Misaligned time horizon
Required: Provide a one sentence explanation for each of the five human shortcomings in decision making.

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The Answer of A recent article in The McKinsey Quarterly,present a useful list of some of the ways that strategic decisions can go wrong because of human shortcomings: 1.Overconfidence 2.Loss aversion 3.Champion Bias 4.Misaligned risk aversion 5.Misaligned time horizon
Required: Provide a one sentence explanation for each of the five human shortcomings in decision making.

A Recent Article in the McKinsey Quarterly,present a Useful List