"In psychology, decision-making is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options."
A structured approach to making decisions that involves identifying the problem, defining criteria, generating alternatives, evaluating alternatives, and choosing the best solution.
Decision-making models: These are frameworks used to guide the decision-making process. Common models include the rational decision-making model, the Vroom-Yetton decision-making model, and the Bounded Rationality Model.
Decision-making styles: These are different approaches to making decisions, including analytical, directive, conceptual, and behavioral styles.
Subjectivity versus objectivity: The extent to which personal biases and emotions impact decision-making.
Cost-benefit analysis: A decision-making tool that weighs the benefits of an action against its costs.
Risk analysis: An evaluation of the potential risks and rewards associated with a decision.
Setting decision-making criteria: The process of establishing the factors that will be considered when making a decision.
Decision-making processes: The steps taken to make a decision, including problem identification, generating alternatives, evaluating alternatives, and making a choice.
Group decision-making: The process of making decisions as a team or group, including factors that can affect group dynamics and decision-making outcomes.
Heuristics and biases: Mental shortcuts or patterns of thinking that can lead to errors in decision-making.
Ethical decision-making: The importance of considering ethical considerations when making decisions, including the role of personal and societal values.
Decision-making in the workplace: The specific considerations and challenges involved in making decisions in a professional setting.
Emotion and intuition in decision-making: The role of emotions and gut instincts in the decision-making process.
Cultural influences on decision-making: How personal and societal values and cultural norms impact decision-making.
Decision-making and technology: The impact of technology on decision-making processes and outcomes.
Decision-making and leadership: The role of leadership in the decision-making process, including factors that contribute to effective decision-making.
Cost-Benefit analysis: This framework considers the positive and negative consequences of each decision and weighs them against each other to determine whether the decision is worth it.
Pareto analysis: This framework prioritizes decisions based on their impact on the overall outcome. Only decisions that have a significant impact are considered.
Six Thinking Hats: This framework involves considering problems from different perspectives, represented by different colors of hats. Each perspective provides insights and solutions to the problem.
SWOT analysis: This framework focuses on analyzing the strengths, weaknesses, opportunities, and threats of the situation. This helps individuals make informed decisions based on the situation's circumstances.
Pros and Cons: This framework involves creating a list of the positive and negative factors of a decision. It helps individuals weigh the advantages and disadvantages of each decision.
Force Field analysis: This framework evaluates the forces that will support or oppose the decision. It helps to identify the possible barriers to execution and suggests ways to overcome them.
Decision Trees: This framework is a graphic representation of decisions that can be made based on the input of different factors. This helps individuals make logical decisions based on different factors.
Grid Analysis: This framework helps to determine the decision factors' importance and prioritize them based on a set of criteria. It creates a matrix, which helps individuals compare various options.
Fishbone diagram: This framework helps to identify the underlying causes of a problem by breaking down every factor that has contributed to the problem's occurrence. This helps to make informed and effective decisions.
Game theory: Used in complex decision-making processes, this framework accounts for all possible outcomes of a decision based on the actions of multiple individuals or players involved. The objective is to maximize gains and minimize losses.
Vroom-Yetton-Jago Decision-making model: This model helps decide how the decisions should be made by considering various factors such as the importance of the decision, the expertise of the individuals involved, and the level of commitment required.
Scenario analysis: This framework helps to identify potential scenarios and their outcomes in advance, which can be used to make reliable decisions.
Define-Measure-Analyze-Improve-Control (DMAIC): This framework is used in problem-solving by breaking down the problem into different stages, evaluating alternatives, and then implementing the best solution.
Eisenhower Matrix: This framework categorizes tasks into four groups based on their urgency and importance. This helps prioritize work based on its significance and urgency.
Agile project management: This framework is used in project management where decisions are made on a small scale, and the results are evaluated repeatedly. This helps to identify the project's success in progress and make adjustments if necessary.
Rational decision-making model: This framework involves a systematic approach to decision-making, including problem identification, data collection, alternatives evaluation, and decision selection.
Group decision-making: This framework involves individuals working together to evaluate options and make a final decision that satisfies the entire group.
Ethical decision-making: This framework involves making decisions based on moral principles and values. This helps individuals make choices that are morally and ethically sound.
"Decision-making (also spelled decision making and decisionmaking)..."
"It could be either rational or irrational."
"The decision-making process is a reasoning process based on assumptions of values, preferences, and beliefs of the decision-maker."
"Every decision-making process produces a final choice."
"The final choice may or may not prompt action."
"Research about decision-making is also published under the label problem solving."
"Particularly in European psychological research."
"In psychology, decision-making is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options."
"It could be either rational or irrational."
"The decision-making process is a reasoning process based on assumptions of values, preferences, and beliefs of the decision-maker."
"Every decision-making process produces a final choice."
"The final choice may or may not prompt action."
"Research about decision-making is also published under the label problem solving."
"Particularly in European psychological research."
"Decision-making (also spelled decision making and decisionmaking)..."
"It could be either rational or irrational."
"The decision-making process is a reasoning process based on assumptions of values, preferences, and beliefs of the decision-maker."
"Every decision-making process produces a final choice."
"The final choice may or may not prompt action."