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Decision-Making Models

Could you give me some examples of different decision making styles? What is your decision-making style?

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Decision making is the cognitive process of selecting a course of action from among multiple alternatives. Common examples include shopping, deciding what to eat, and deciding who or what to vote for in an election or referendum.

Decision making is said to be a psychological construct. This means that although we can never "see" a decision, we can infer from observable behaviour that a decision has been made. Therefore we conclude that a psychological event that we call "decision making" has occurred. It is a construction that imputes commitment to action. That is, based on observable actions, we assume that people have made a commitment to effect the action.
Making effective decisions in this environment is challenging to say the least, and the consequences of a miscalculation or a lost opportunity are substantial.
Decision-making is a human activity involving free will & choice. It must be differentiated from a transaction where only rationality & logic are involved & the action required is unambiguous & hence, the process can be automated. In decision-making there is conflict, ambiguity & uncertainty & hence, both rationality & emotions come into play, both sides of the brain are required --- the Left Brain for logic, rationality & ...

Solution Summary

This discusses the concept and implcations of Decision-Making Models