how decision making can be learned

Expert Solution

The steps to learning decision making are by evaluating the factors and consequences of the decisions before making them. Some of these factors that need to be considered to make effectively good decisions are

Evaluation of the objective: When you begin by asking yourself what you need to accomplish, you are clear of your goals. These goals should be quantifiable. You need to ensure that you can achieve these goals otherwise decision making is not going to be easy. Once the goals are realized.
Thorough research to back up the objective: If you want to ensure that the decision making is based on rational thought, observation, and examination of information. Then thorough research that comprises data, insights, feedback should be considered. For example, buying a car would require you to collect information on the braking, performance, interior, and exterior dimensions to make a good decision.
Elimination of bias: If there is anything that hinders good decision making, it is cognitive biases. By holding on to existing biases, you can make a poor decision. So first identification of these biases is vital to eliminate them before making a decision. For example, when you only use your friend's opinion after consulting a group of experts in buying a watch, then you are biased towards your friend. the decision making might not be the best in this case. Therefore, it is vital to eliminate all forms of bias before making a decision.
Common sense: An important component of decision making is common sense. Every decision might require you to use your common sense once you have evaluated all the possible alternatives to make a good decision.
Identification of risks: In a world of uncertainty, every outcome or decision is prone to risks, and determining the risks of the outcomes is essential to not be plagued with a bad decision. So, identify the risks of every alternative that lies ahead and then weed them out to reach a final decision.

Each step is a guide to learning how to make effective decisions by considering the factors that affect your decisions. The more you practice the consideration of essential components in an outcome, the decision making gets better.

keosha answered 6 months ago

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