Decision making is said to be a psychological construct. This means that although we can never "see" a decision, we can infer from observable behavior that a decision has been made. It is a construction that imputes commitment to action.
Structured rational decision making is an important
part of all science-based professions. For example, medical decision making often
involves making a diagnosis and selecting an
appropriate treatment. Some research using naturalistic
methods shows, however, that in situations with higher time pressure,
higher stakes, or increased ambiguities, experts use intuitive decision making
rather than structured approaches, following a recognition primed
decision approach to fit a set of indicators into the expert's experience
and immediately arrive at a satisfactory course of action without weighing
alternatives.
Head, Heart and Gut – Powerful Decision Makers
We are living in unprecedented times of stress, confusion, and
overwhelm. We all need resources to help navigate these challenging times and
make the right decisions for the highest and best long-term good for ourselves,
our families and our businesses. Those resources can be found within each of us
if we pause to consider three reliable indicators: the head (intellect), the
heart (feelings), and the gut (intuition).
Head: Makes use of intellect and past knowledge. This involves using the conscious mind to discern questions that need to be answered. For example, is this person telling the truth? What has worked in the past? Have we done our due diligence and homework before making a decision?
Heart: The internal part of us, the voice inside, tells us when things feel right or wrong. For example, are we relaxed around the person we are asking the question about, or do we feel upright and uncomfortable? Keep in mind that our bodies do talk to us.
Gut: We need to trust our intuition. If it doesn’t feel right, chances are it’s not right for us. What may be right for one person can be wrong for another. Our gut instinct, our inner voice, is always there for us when we take the time to pay attention and listen.
Decision making
styles
A person's decision making process depends to a significant degree on
their cognitive style. There are more than a few models to explain these
styles. For example, the common
personality test Myers-Briggs Type Indicator (MBTI) examines a set of four
bi-polar dimensions, which are:
She claimed that a person's decision making style is based largely on how they score on these four dimensions. For example, someone that scored near the thinking, extroversion, sensing, and judgement ends of the dimensions would tend to have a logical, analytical, objective, critical and empirical decision making style.
Every leader prefers a different way to contemplate a decision. The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.Two spectrums work together to create the decision-making style framework. The first spectrum is structure vs. ambiguity. This spectrum measures people's propensity to prefer either structure (i.e., defined processes and expectations) or ambiguity (i.e., open-ended and flexible). The second spectrum is task/technical vs. people/social. This spectrum measures if the motivation to make a specific choice is guided more by a desire to be right, or to get results (task/technical), or if it's to create harmony or social impact (people/social).
Areas Of The Brain (Neuroscience) In Decision Making
Decision Making In Uncertainty
Decision making often occurs in the face of uncertainty about whether one's choices will lead to benefit or harm. Emotion appears to aid the decision-making process heavily in the face of uncertainty. The somatic-marker hypothesis is a neuro-biological theory of how decisions are made in the face of uncertain outcome. In brief, this theory holds that such decisions are aided by emotions, in the form of bodily states, that are elicited during the deliberation of future consequences and that mark different options for behavior as being advantageous or disadvantageous. This process involves an interplay between neural systems that elicit emotional/bodily states and neural systems that map these emotional/bodily states.
Cognitive and
personal biases in decision making
It is generally agreed that biases can creep into our
decision making processes, calling into question the correctness of a decision.
Some of the more commonly debated cognitive biases may be:
***To be continued in Chapter 02 (Various Techniques in use in individual and group Decision Making)
Content Curated By: Dr Shoury Kuttappa
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