Challenges,problem solving in decision making
Answers
Answered by
2
Researchers in economics, psychology, health and many other fields are producing a growing field of research into decision making. It is humnbling to learn just easily our decision making ability can be disrupted. Let’s consider a few of the findings below and ask ourselves how these ideas apply to the working world.
The Stress of Poverty Tends To Lead to Poor Financial Decisions. Have you ever wondered why people take very high interest loans from “payday lenders”? One answer to this question is that the stress of living with limited resources acts as a “tax” on one’s decision making ability (The Guardian).Memory Strongly Influences Decision Making. Researchers at the University of Basel found that “people are biased toward remembered options and reject them only if they are very unattractive.” When looking at several options, keep in mind the influence of familiarity.Lack of Sleep Slows Decision Making. Effective leadership includes the ability to make decisions as needed. A lack of sleep slows down your decision making in crisis situations according to research from Washington State University. As the stress and importance of your decisions increase, your need for sleep also increases. Cutting sleep also cuts away at your ability to make good decisions.Consistent decision making leads to success. A 2015 study from Statistics Canada reports that “Early demonstration of consistency in career decision was associated with earlier entry into postsecondary studies and higher levels of educational attainment at age 25.” This research reminds me of a comment by John C. Maxwell who write, “successful people make right decisions early and manage those decisions daily” in his book Today Matters: 12 Daily Practices to Guarantee Tomorrows Success.
The Stress of Poverty Tends To Lead to Poor Financial Decisions. Have you ever wondered why people take very high interest loans from “payday lenders”? One answer to this question is that the stress of living with limited resources acts as a “tax” on one’s decision making ability (The Guardian).Memory Strongly Influences Decision Making. Researchers at the University of Basel found that “people are biased toward remembered options and reject them only if they are very unattractive.” When looking at several options, keep in mind the influence of familiarity.Lack of Sleep Slows Decision Making. Effective leadership includes the ability to make decisions as needed. A lack of sleep slows down your decision making in crisis situations according to research from Washington State University. As the stress and importance of your decisions increase, your need for sleep also increases. Cutting sleep also cuts away at your ability to make good decisions.Consistent decision making leads to success. A 2015 study from Statistics Canada reports that “Early demonstration of consistency in career decision was associated with earlier entry into postsecondary studies and higher levels of educational attainment at age 25.” This research reminds me of a comment by John C. Maxwell who write, “successful people make right decisions early and manage those decisions daily” in his book Today Matters: 12 Daily Practices to Guarantee Tomorrows Success.
Similar questions