Each step of the rational decision making process can and should be connected to research.

Topic: To buy a house out of state

Apply the following:

• System 1 and System 2 thinking
• overconfidence
• common biases
• bounded awareness
• framing
• self-serving reasoning
• perceptions of fairness

Reference:

Bazerman, Max H. Judgment in Managerial Decision Making. Available from: VitalSource Bookshelf, (8th Edition). Wiley Global Education US, 2012.