Decision Modeling (Management Decision Models) 2 Assignment

Decision Modeling (Management Decision Models) 2 - Assignment Example Looking or preferring to deal or accept only one discipline may be detrimental to an individual’s worldly-wisdom (Munger & Kaufman, 2008). This is why he is against poetry professors who look at life from an unrealistic point of view. He considers them to be unwise, from a worldly point of view, which is a disastrous way to operate in the real world. Psychology may be the guide to understanding the manner in which things operate and function. According to Munger, it is impossible to be worldly-wise without psychology. When things happen around individuals, it is the role of psychology to help the individual identify this, and identify with the situation (Munger & Kaufman, 2008). If things are not happening, psychology also assists in enabling them to realize this, and adapt. Miscalculation can arise without the presence of psychology and this is why it is crucial to have it as a discipline in one’s arsenal (Mauboussin,