Decision making can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternative scenarios. The more alternatives, the more difficult the choice.
Making a good decision has at least the following components: Consideration of:
1. Risks
2. Benefits
3. Their chance of occurring
4. Chance the above data are:
a. Incomplete
b. Incorrect
c. Inaccurate
5. A utility function
An appreciation for wisdom and knowledge.
Seeking input, advice, perspective. With the ability to assess it.
Strong development in thinking. Knowong how to think.
Someone also said your solutions must match and exceed the complexity in/ of the problem. It gives an indication of the level of comprehension, thinking etc required
Decision making is a balance of informed decision based on data analytics but rationally and critically analyzed by the judgmental and wisdom of the brain but ultimately can be subjectively influenced by the heart....it all depends on which of these three are dominant and how they interplay....a simple example is shown evidently by world leaders whereby there are potentially good information but imperiled due lack of wisdom or influenced by impulsive and impure heartless decisions....
Is practical decision making - the right choice/ decision - that straightforward? Many choices/ problems are rather complex.
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