Critical Thinking and Society Exercise
University of Phoenix
Describe a situation in which critical and creative thought could have been used for a better outcome. Describe why it is important to think critically and creatively in similar situations.
A situation, in which critical and creative thought could have been used for a better outcome, is when investors were making decisions about the purchase of real estate. In 2006 the real estate market was giving signs of weakening where prior to that year it was booming, but investors were not thinking critically and creatively instead, they were greedy and they let greed make decisions for them. To make matters worse lenders where very aggressive in their lending protocols while no one in the government