#227: Decision Making – how it works in theory

We say yes to all of us very happy, that we are rational people and if we are to make decisions, we shall use all possible factors, draw us lists with Prior- and disadvantages, give us an overview and go in the best case in the Deep Search. Particularly, when it comes to really important decisions.

The theory, that the rational person makes the decision with the greatest expected benefit for him. Yes ganz kap. And who is really serious and 2 Choices has with each 3 possible outcomes, should from now on please use this formula. To be filled with the Zahlenerwerten the expected outputs and results.

I(L(p,P,N))= p x u(P) + (1-p) x u(N)
and eu (L(q,H,N)) = q x u(H) + (1-q) x u(N)

In addition to companies also quite apply in the private sector, particularly, when a programmed Excel (who feels always addressed) has available and the values ​​are already planned and predictable. For all other (like me) Thank God there are theories such as the Fast, Slow Thinking (Recommended Kahneman very). In particular, the Fast Thinking is an intuitive decisions, which we subsequently been foist rational reasons almost.

A wonderful test for all, sometimes standing between two decisions (for example,. Children and Partners, what should be there for dinner). Flip a coin, defining the sides advance. Lie on the back of the hand and then see, how to (the other) reacts, were deciding if the side is revealed. Where it is then not a question of sticking to the decision, but rather to recognize, that the subconscious mind knows, was es will. What also does not mean, that it is the right decision.

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