{"id":29117,"date":"2017-09-27T10:52:40","date_gmt":"2017-09-27T08:52:40","guid":{"rendered":"https:\/\/e3magpmp.greatsolution.dev\/?page_id=29117"},"modified":"2022-05-01T09:06:56","modified_gmt":"2022-05-01T07:06:56","slug":"book-tips-decision","status":"publish","type":"page","link":"https:\/\/e3magpmp.greatsolution.dev\/en\/buchtipps\/book-tips-decision\/","title":{"rendered":"Book tips - Decision"},"content":{"rendered":"
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Decision<\/h2>\n\n\n\n
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Right or wrong? Heads and tails or gut feeling? After a decision has been made, you are often wiser than before. It is almost human nature to emphasize the positive aspects, not only to justify oneself to others, but also for the sake of one's own mental hygiene. Even when people are obviously wrong, the learning effect of failure is then emphasized, or one desperately hopes for a later development, of which one can then claim: \"Who knows what it was all good for?\" In politics, difficult decisions often have to be made under enormous time pressure. US President Obama spoke of the \"shitty options\" available to him when dealing with Syrian ruler Assad. This also applies when a company is threatened with a crisis situation. It has rarely worked here to remain in a state of shock so as not to be vulnerable. There is certainly something to be said for the credo that any decision is better than no decision.<\/p>\n\n\n\n

\" It is better to make imperfect decisions than to constantly search for perfect decisions that will never be made. \" -Charles de Gaulle<\/span><\/h4>\n\n\n\n

Source: E-3 Magazine - October 2017 issue<\/span><\/p>

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Decide correctly<\/h4>\n\n\n\n

On average, we make 20,000 decisions a day, big and small, trivial and important. (Prospective) managers often make even more decisions. However, how to make the \"right\" decisions remains an open question. Is that even possible? This textbook introduces the reader to decision theory and explains in detail the differences between normative and descriptive decision theory, i.e. how one should decide and how one actually decides.<\/p>\n\n\n\n