DECISION MAKING: COGNITIVE BEHAVIOURS INVOLVED — (CHAPTER 02)

***Continued from Chapter 01 (Covered previously: Decision Making, its styles, different Cognitive Biases)

Link to Chapter 01:

https://shoury01.medium.com/decision-making-cognitive-behaviors-involved-chapter-01-145d6e23fa88

Common Patterns in Decision Making

The ethical principles of decision making vary considerably. Some common choices of principles and the methods which seem to match them include:

1. The most powerful person/group decides: — Method: dictatorship or oligarchy

2. Everyone participates in a certain class of meta-decisions:- Method: parliamentary democracy

3. Everyone participates in every decision:- Direct democracy, consensus decision making

Path dependency

Path dependence is when the decisions presented to people are dependent on previous decisions or experiences made in the past. Path Dependence exists when the conditions for decision making is not based on current conditions, but rather has been formed by a sequence of past actions each leading to a distinct outcome. A common example is in Performance Management Systems.

Decision making in groups

Decision making in groups is sometimes examined separately as process and outcome. Process refers to the group interactions. Some relevant ideas include coalitions among participants as well as influence, consensus and persuasion.

In addition to the different processes involved in making decisions, group decision support systems (GDSS- protocol a group uses to choose among scenario planning alternatives) may have different decision rules, like:

Other less desirable group decision rules (group think) are:

Plurality and dictatorship are less desirable as decision rules because they do not require the involvement of the broader group to determine a choice. Thus, they do not engender commitment to the course of action chosen. An absence of commitment from individuals in the group can be problematic during the implementation phase of a decision.

Decision making in one’s personal life

Some of the decision making techniques that we use in everyday life include:

Decision making in healthcare

In the health care field, the steps of making a decision are explained by the SHARE model:

Decision making in business and management

Ideally, business and management systems may be set up to allow decision making at the lowest possible level. There is literature available on many models, some of which include:

Data-based business decision making may include the following cycle:

Caveat: There are no perfect decision making rules. Depending on how the rules are implemented in practice and the situation, all of these can lead to situations where either no decision is made or to situations where decisions made are inconsistent with one another over time.

**Source Credits:1) The book- Decision Book By Mikael Krogerus And Roman Tschäppeler. 2) The Book- Critical Thinking By Simon Bradley & Nicole Price. 3) https://careerforesight.co/blog-feed/4-styles-decision-making

Content Curated By: Dr Shoury Kuttappa.

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Complex quantitative concepts translated into easily understood life and business implications.

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Dr Shoury Kuttappa

Dr Shoury Kuttappa

Complex quantitative concepts translated into easily understood life and business implications.

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