Mostly Fine Decision
To beat FOBO, find the Mostly Fine Decision. This is the outcome you’d be ok with, even if it’s not the absolute best possible one.
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Mostly Fine Decision (MFD)
Your M.F.D. is the minimum outcome you’re willing to accept for a decision.
It’s the outcome you’d be fine with, even if it’s not the absolute best possibility.
Decision Modeling
One needs to take into consideration that any risky decision has the probability of failure, keeping in mind the potential benefits of not reaching the goal.
The ideal decision model should:
- Calculate or research about the baseline likelihood of success.
- Take...
Decision analysis
Decision making can be divided into three systems: Emotional, rational, and perceptual systems.
The rational model is one where the beliefs and desires are supposed to be determined, but decision analysis of the last thirt...
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