April 06, 2011

KBAM– The decision making process

Are we intutive decision makers or rational ones?

In the situation awareness exercise I witnesses that intutions tend to drive our decision making process in the absence of adequate information. Infact, sometimes we even tend to make intutive decisions in the presence of limited information. We believe that whatever information we have is adequate,  the point is we often dont challenge the exisiting knowledge that we have. And this is common practise.The questions we need to ask ourselves before making robust decisions is that is this information aequate? Is there any more information that I can find supporting this view? Then go a step further and challenge your own research..find information that apposes your thoughts. We often stop when we find adequate supporting information and don't take that extra step. And this is one of the major reasons people tend to make mistakes in their decision making.. they take all the information that supports their ideas and completely ignore the contrary views on it. This way although we collect convincing information to support views, it is still not sufficient..

This applies anywhere and everywhere... in our day to day life... taking this extra step would actually lead us towards excellence :) I hope I am able to make this as common practise in ny own decision making process...

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  1. Hi, Aditi:

    Good points !!! And I also agree with that sometimes we might only believed what we had found or seen and totally been covinced by these evidence . In other words , we usually tend to collect the sellective information for decision making . I think that is why when something bad happened because of infromation error , interpretation error and anticipation error.

    06 Apr 2011, 22:47

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