Fallacies in Decision Making From an Asian Perspective

Decision-making is integral for organizational success and for that the basic tenet is rationality. Yet, no decisions in the workplace are purely rational. Irrational decision-making behaviours is the irrational belief of employees. Irrational employee behaviours can cause a billion dollars revenue loss. The purpose of this paper is to study the complex employee phenomenon of workplace irrational decision mak and unearth its dimensions. Hence, this study is envisaged as a lived-in experience using interpretative phenomenological analysis. Participation was by hundred and twenty-three (123) employees working in various capacities in western India through theoretical sampling frame. The results indicate that it is a multidimensional phenomenon and prominent are religious, pseudo-scientific and sorcery based behaviours. Thus, these findings can help the organizations to understand the irrational behaviours of employees and aid managers to recognize the decision of their employees to mitigate the bias in irrational decisions.