Learn more about leadershipandmanagement with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
Risk VS Uncertainty
Risk- How should we make decisions when all relevant alternatives, consequences, and probabilities are known? This world requires statistical thinking. The think you would find spread on internet. "Write the pros and cons, weigh them and decide". our world is not of that kind. Our world is of
Uncertainty- How should we make decisions when NOT all relevant alternatives, consequences, and probabilities are known? This world requires smart rule of thumb (heuristics) and intuition. You can't have statistical thinking while deciding your spuse or like that. We don't know all the probabilities.
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Heuristics: Mental Shortcuts
In our daily lives, we do not have the time, knowledge or skills to make the perfect decision/choice every time, and it may be too exhausting and time-consuming to make really big decisions in a perfect way all the time. This makes us use mental shortcuts, or heuristics ...
Common decision-making mistakes
- Making impromptu decisions. Take the time to think about the pros and cons of your decision and weigh out the consequences.
- Lacking peace. Take deep breaths in a quiet environment to evaluate the facts before you decide.
- Wallowing in the chaos of everyday life,...
No Fear
Aligning your life requires courage. Deciding what you care about and not being afraid to make difficult choices is the way forward.
We all have our logical reasons and excuses postponing difficult decisions, but true courage is in making the right move.
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