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    • INTRODUCTORY PAGES:
  •  Bad Decision Making Was Responsible for the Economic Crisis of 2008
  •  What the Decision Making Booklet Can Do for You
  •  Table of Contents Of 48-Page Booklet
    • FREE DECISION MAKING TOOLS: Two Pages – Very Valuable
  •   Your Guide & Worksheet for Applying the Complete Method of Creative Decision Making SM-14 (PDF)
    • GUIDE TO DECISION MAKING: (Complete 48-page Booklet)
  •  For viewing
  •  For downloading (PDF)
    • OTHER NORMAN EDMUND WEBSITES:
  •  EconomyCrises.com
  •  ScientificMethod.com
  •  ProblemSolving.net
  •  HomeSchooling-Problemsolving.com
    • RESEARCH REPORTS ON DECISION MAKING:

    Introduction to Research Reports
    1. Decision Making Criteria
    2. Political & Public Policy Decision Making
    3. Good Judgment & Decision Making
    4. Models, Systems, Guides for Decision Making in the Literature
    5. A Model for Career Decision Making
    6. Your Personal Program to Learn Decision Making
    7. Decision Support or Business Intelligence
    8. Bad Decisions
    9. Decision Making Theories
    10. Decision Making Styles
    11. Decision Making Quotes & Articles
    12. Critical Thinking & Structured Decision Making
    13. Decision Making Tool
    14. Organization Ethical Decision Making
    15. Team Decision Making
    16. Decision Making Lesson Plans
    17. Decision Making Methods
    18. Decision Making Examples

    Bad Decision Making
    Was Responsible for
    the Economic Crisis of 2008

    Better Ethics in Decision Making Could Have Prevented the Crisis

    Bad economic decision making and management decision making resulted in a housing bubble and other small related bubbles that inflated our whole economy. As a result of these bursting, we have had widespread economic crises in all areas. The damage has been in the trillions of dollars. This one followed the dotcom crisis of 2000-2002 by only 6 or 7 years! A terrible record. The big question is, how can crises be prevented?

    While bad decision making psychology and poor judgment were involved in this bad decision making, the disturbing part is how much poor ethics in decision making played a part. Mortgages and mortgage securities were offered based on dishonesty or excessive greed or bad ethics, or not enough attention to quality control.

    We have 15,000 trained economists and hundreds of thousands of business people with master of business administration (MBA) degrees. Yet all this bad decision making was allowed to go on for several years.

    Prevention

    All our students and leaders should be taught to think properly by being taught the scientific method of problem solving and decision making (SM-14). I have been advocating this for 18 years. We are now suffering the harms that have resulted from not doing this. For more information on the bad decision making that caused the economic crisis of 2008 and for a great idea for a Housing Bubble Warning Indicator Report for the Public, see my website www.economycrises.com

    For information on how to avoid bad decision making, see Research Report #8. For information on ethical decision making, see Supporting Ingredient 13. For complete information on decision making, economic decision making, and management decision making, continue on to the next pages.