decision making introduction
Decision making is a process of choosing between possibilities.
It is often part of problem solving.
The more complex the decision, the more factors you'll need to consider before deciding on a course of action.
There are many tools and strategies that can help you to make decisions more thoughtfully and effectively.
Who introduced decision-making?
One of the underlying theories is the 'decision-making theory,' which was first introduced by Herbert A.
Simon, the Nobel Prize winner for Economics in 1978.
He is best known for his work on corporate decision-making, also called behaviorism.
How is decision-making important?
Importance of decision making
Our decisions affect people.
Nearly every decision we make will affect different people in one way or another.
It's important to be aware of the influence our decisions will have, and understand what the "human cost" will be.
What is the introduction of decision-making theory?
There are two main types of decision-making theories: normative decision theory and descriptive (or optimal) decision theory.
Decisions are made through a complex interaction of belief systems, morals, values, social backgrounds, and responses to uncertain futures.
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