***Continued from Chapter 01 (Covered previously: Decision Making, its styles, different Cognitive Biases) Link to Chapter -01 Common Patterns in Decision Making The upside of understanding various patterns in decision-making is that they lead us to think about how the mind preforms its many complex functions in countless situations and how our awareness of time, space, and the various narrative and cognitive frameworks can help decode the factors that shape our decisions. Here is a graphic presentation of what author Venkatesh Rao puts forward in his book. The graphic shows “Information Location” across the x-axis going from Internal to External and “Visibility of Mental Models” on the y-axis going from Low to High. The distinctions among the four classes of basic decision patterns (above) are not arbitrary. They are based on the distribution and visibility of situational information . Information originates either in the decision-maker’s head or in the environment , and we either
A Compendium of Concepts