All entries for Wednesday 20 April 2011
April 20, 2011
From some study on decision making, something just clicked my mind. We’ve been discussing the chart with urgency on the x-axis and importance on the y-axis a number of times over the year (One of Paul’s favourite diagrams ;)). I just tried to think decision making in those terms.
How different can decisions be in all four situations! In all four entirely different situations, there will be different frames of time, different mind-sets, maybe different alternatives, different criteria, and most importantly, different biases! Also, the tools and techniques used in decision making would depend on it (the urgency).
This can hence be extrapolated to, what happens when a decision gets delayed due to some reason? It may not conclude to the same result as it would have if more time was available. This sounds dangerous, doesn’t it!? And this will probably pay a heavy toll on the robustness of the decision!