Overview
Todays competitive landscape increases the pressure on decision makers to optimize their decision making. When outcomes are uncertain, how do you make the best choices?Classical economics, and more recently, artificial intelligence have enumerated the principles of rational decision making. However, recent advances in brain science have illuminated how we make actually decisions as well as the common mistakes we make when coming to those decisions. Luckily, there are well understood processes that one can adopt to align ones decisions with rational principles.
Topics
- Rational Decision Making - a description of what is thought to constitute rational decision making, used in economics and artificial intelligence
- Behavioural Decision Making - decisions making that is actually followed by humans, which includes decision making bias'
- Competitive Decisions - decisions in the presence of other competitors, such as games or business
- Decisions under Radical Uncertainty - decisions where outcomes are so uncertain such that it is difficult to formulate them in a probabilistic framework.
- Decision Making Process - processes designed to try to short circuit behavioural decision making in favor or rational decision making
- Decision Making and Execution