Making a fair decision when bias is held on a subject Essay

Making a fair decision when bias is held on a subject - Essay Example Self-regulation, according to Gilovich, Griffin, & Kahneman (2002) refers to a sitaution where a person or organization adheres to issues as regarding legal, ethical or th standards of safety instead of having outside factors determining the decision making process. That is to say that an action odf decision must have a situational setting. The situational setting has basic rules and laws that determine the required end point in which case there is a strong positive out turn on the issue. As much as self-regulation has its level of conflict of interest, it is worth noting that there are no perfect decisions and each decision follows laid down rules (Starzak, 2012). Moreover, the aspect of self regulation considers wider perspectives from the individual to organizational level. However, there are also situation in which a group or individuals are thriving in unethical situations (Rezende, 2009). Consider the aspect of a bureacucratic society. If the society is asked to eliminate such, it may consider eliminating the respective unethical aspects witnessed as opposed to the ideal behaviour on the whole. That is a short run perspective (Starzak, 2012). Avoiding the issue of regulatory capture is an effective way of developing fair decision making (Rezende, 2009). The regulatory capture would consider that there are situations in which individuals with high stakes would want to advance their interests at the expense of the vast majority who have low stakes in the matter.