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Predictably Irrational: The Hidden Forces That Shape Our Decisions is a 2008 book by Dan Ariely, in which he challenges readers' assumptions about making decisions based on rational thought. Ariely explains, "My goal, by the end of this book, is to help you fundamentally rethink what makes you and the people around you tick.
An increased awareness of the separate nature of one's self stated as context and one's actual experience stated as content in the book, can reduce worry and stress on a person. While worrying is a natural emotion for everyone, excessive worrying can interfere with problem-solving and decision-making. [3]
A hidden profile is a paradigm that occurs in the process of group decision making.It is found in a situation when part of some information is shared among group members (i.e. all members possess this information prior to discussion), whereas other pieces of information are unshared (i.e. information known to only one member prior to discussion). [1]
Johnson uses a case-study approach to explore the deliberate, "full-spectrum" analysis process used by successful decision-makers. [1] [2] Examples range widely, from the 2011 raid that killed Osama bin Laden to the destruction of Manhattan's Collect Pond, and even include the literary depiction of decision-making under uncertainty in George ...
Disagree and commit is a management principle that individuals are allowed to disagree while a decision is being made, but that once a decision has been made, everybody must commit to implementing the decision. Disagree and commit is a method of avoiding the consensus trap, in which the lack of consensus leads to inaction. [1] [2]
Decision uncertainty, positive performance trend information, and expressed preference for initial decision have been found to have positive relationships. [ 9 ] High costs of ending a project or changing its course, potential financial gain upon completion, and extensive structure can factor in to escalation of commitment, making it difficult ...
Heuristics (from Ancient Greek εὑρίσκω, heurískō, "I find, discover") is the process by which humans use mental shortcuts to arrive at decisions. Heuristics are simple strategies that humans, animals, [1] [2] [3] organizations, [4] and even machines [5] use to quickly form judgments, make decisions, and find solutions to complex problems.
The book was a finalist for the 2010 Financial Times Business Book of the Year Award. [5] It was also named a Best Business Book of the Year by The Economist and ranked among Amazon's top ten business and investing books of the year. [6] Iyengar's exploration of choice in The Art of Choosing has been recognized for its depth and accessibility.