How does an optimizing decision differ from a satisficing decision?2. What is the difference between a risk environment and an uncertainenvironment in decision making?3. How can you tell from people’s behavior if they tend to be systematicor intuitive in problem solving?4. What is escalating commitment, and how can it be avoided?5. You have finally caught the attention of senior management. Topexecutives asked you to chair a task force to develop ideas that canbreathe new life into an existing product line. First, you need to selectthe members of the task force. What criteria will you use to choosemembers who are most likely to bring high levels of creativity andother advantages to this team?

An optimizing decision is one where the decision maker seeks the best possible solution, often involving a thorough analysis of all available options. A satisficing decision, on the other hand, is one where the decision maker seeks a satisfactory or good enough solution, often choosing the first option that meets the minimum criteria.

A risk environment in decision making is one where the probabilities of each possible outcome are known or can be estimated. An uncertain environment, on the other hand, is one where the probabilities of each possible outcome are not known and cannot be estimated with any degree of certainty.

People who are systematic in problem solving tend to follow a structured, logical approach, often breaking down problems into smaller parts and analyzing each part in detail. Those who are intuitive in problem solving, on the other hand, tend to rely on their gut feelings or instincts, often making decisions based on their overall impression of the situation.

Escalating commitment refers to the tendency to continue investing in a failing course of action, often due to the desire to avoid admitting failure or wasting previous investments. It can be avoided by regularly reviewing and reassessing the situation, being open to feedback and criticism, and being willing to change course if necessary.

When selecting members for a task force, some of the criteria that could be used include: creativity and innovative thinking, relevant knowledge and skills, ability to work well in a team, ability to think critically and solve problems, and a positive attitude towards change and new ideas.