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Jul 1, 2012

Patterns in decision-making



I have been trying to analyse the patterns that run in the mind when it comes to decision-making and it boils down to just a few-









Classification
 - Putting the facts on hand or the previous experiences into separate boxes. We might also be classifying the anticipated responses to a decision. 


















Prioritisation - Giving the inputs to decision-making and the possible outcomes varying levels of importance. Figuring out which of them has to be worked on and what has to managed or ignored.










 








Connections- Might seem a contradiction of classification, but the mind seeks to interconnect or link these distinct elements. 

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Environment - Looking for the environmental factors which have an influence on the decision.And also how the key element has a bearing on the environment. The environment gives the historical footprints of the key element in question. What impact has one element on other. What are the relationships and counter-relationships?  















Incrementalism -  Lastly, we would want the decision-making to take cognisance of the present and would generally go for incremental change. The concept of sunk cost generally influences the process of decision-making. Evolutionary approach, ensures a sense of continuity with what generally works.


Is there more to it? Any thoughts?  I am all ears..