Decision making in 4 steps

Strategies and operational steps for effective decision making and choice in uncertain contexts

Stefano Calicchio

• Publisher: Stefano Calicchio
• Year: 2022
• eBook ISBN: 9791221300796
• Topic: Business
• Subtopic: Business General
• Index: Business

Why is it so important to understand what drives us to act in everyday life? How do we make decisions? What thought structures do we follow to determine our choices? In this guide you will find a simple, clear and comprehensive explanation of what it means to make a decision and how to improve the process of choosing in the face of uncertainty. Every day people have to make estimates, evaluations and decisions about thousands of possibilities. Science has shown that expert decision-makers make choices differently from ordinary people. This guide takes the reader by the hand and takes them through four step-by-step passages that highlight the key issues: - what it means to make a decision and what the main scientific theories on decision-making are;
- how cognitive errors and bìas work when we make decisions;
- what role emotions play in choice processes;
- what the limits are and how far one can go in this field. Learning to make functional and effective choices is a skill that can be learned by anyone, but only if they have the right knowledge and put it into practice. This guide is accompanied by numerous invitations to self-analysis and practical exercises, so as to offer the reader a true path of personal development.

Table of contents

• Cover
• DECISION MAKING IN 4 STEPS
• Table of contents
• Introduction
• Step 1: Decision-making models, procedures, judgements and laws of probability
• Step 2: Understanding the heuristics of judgement
• Step 3: How emotions influence decisions
• Step 4: Efficiency and limits: where you can go
• Conclusion
• Appendix - A decision-making exercise
• Self-assessment test
• Solutions