The Diamond Model of Applied Analysis describes a structured approach to analysis. How do you see this? Describe your approach to analysis, use your own words or borrow the terminology from the diamond model (approx. 2 pages). Add, remove, rephrase so that it fits your approach to analysis.

Reflect on the human limitations and biases, and the difficulties of decision-making. Use appropriate literature to position your reflection.

Literature

Dahlin, P. (2020) The Basics of Applied Analysis: the Applied Analysis Diamond Model. Working paper. Mälardalen University.

Buchanan, L., & O’Connell, A. (2006) A Brief History of Decision Making. Harvard Business Review. https://hbr.org/2006/01/a-brief-history-of-decision-making

Kahneman, D. (2002) Maps of Bounded Rationality: A Perspective on Intuitive Judgment and Choice. Prize Lecture, December 8, 2002. PDF at https://www.nobelprize.org/prizes/economic-sciences/2002/kahneman/lecture/

Kahneman, D. (2011). Thinking, fast and slow. Macmillan.

Kahneman, D., Sibony, O., & Sunstein, C. (2021). Noise; A flaw in human judgment. New York: Little Brown.

King, A.A. (2018). Think Critically About the Wisdomeof Experts, MIT Sloan Management Review, 60(2). https://mitsmr.com/2Rhl7gI

Psychology Today: Have We Been Ignoring the Biggest Flaw in Human Judgment?. https://www.psychologytoday.com/us/blog/sex-murder-and-the-meaning-life/202108/have-we-been-ignoring-the-biggest-flaw-in-human-judgment

Simon, H. A. (1987). Making management decisions: The role of intuition and emotion. Academy of Management Perspectives, 1(1), 57-64.