Improving your Decision-Making skills
At the heart of every decision Is the desire to solve a problem, whether defined in terms of a deficiency or an opportunity. Formal economic models of decision-making often begin with the assumption that we are inclined to make choices that leave us as well off as possible. However, research and experience that we often make choices that are either suboptimal or opposed to our best interests
Research also suggests that two forms of mental operations are involved in decision making: one is rational, systematic and analytical while the other is effective, instinctive and intuitive. Therefore, to make more optimal choices, we must understand how these dimensions interact in time-bound and uncertain contexts.