- The best decision under risk is not the best decision under uncertainty.
- Heuristics are indispensable for good decision under uncertainty. They are not a product of a flawed mental system.
- Complex problems do not require complex solutions.
- More information, time, and computation is not always better. (Less is more)
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The idea is part of this collection:
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
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