March 19, 2011

Decision Making Tools Selection

It was interesting to know that such a big number of decision making tools exist in the business environment and the literature. while every tool has its significance, I think that this significance comes from the user judgement and rationale behind using a specific tool. here again come bias to play a role even before using the tool. 

many people tend to make their decision more robust by using sophisticated tools rather than using the appropriate tool. there is no correlation between complexity and effectiveness and robustness. users who tend to forget this reality tend to use many tools to confirm the result of using previous tool; or even to justify using a specific tool.

I think that it is better to use the simplest tool that does the job. all tools has bias involved in them. accordingly, trying to justify a bias with a bias does not make sense.

- 2 comments by 1 or more people Not publicly viewable

  1. I strongly aggree with you on that. However is our decision for deciding the tool subjected to bias?

    20 Mar 2011, 23:11

  2. I think any decision holds a bias in it. even designing the tool might have involved some bias. however, subject to bias seems too strong. there are levels of bias and I think we have decided what we thought it is right and suitable within our area of knowledge. the bias involved in our decision includes a certain amount of bias from our side, certain amount of bias from who introduced the tool to us, and a certain amount of bias from the one who introduced the tool to our tutor, ......., and some bias from who designed the tool. it seems to be nice recipe right?

    21 Mar 2011, 00:18

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