Game Theory and Business Decisions
Diversity in decision-making teams refers to the inclusion of individuals with varied backgrounds, experiences, perspectives, and cognitive styles in the process of making choices and solving problems. This diversity can enhance creativity and innovation while also mitigating cognitive limitations and biases that often affect homogenous groups. When teams are diverse, they can consider a broader range of ideas and solutions, leading to more effective decision-making.
congrats on reading the definition of diversity in decision-making teams. now let's actually learn it.