All entries for Wednesday 07 March 2012

March 07, 2012

How much robustness?

decisionUp to this point I think that most of us have a pretty good understanding of the decision tools. But the most you get into these tools the most confused you get with some of them. For example, my team has decided to use certain tools and every time we thought that we were done with the decision we were wrong. Thus, all the time we keep adding things and make alterations.

So, imagine yourself having a job that involves making decisions on a regular basis. How can you overcome these problems, given the fact that in companies usually the teams are comprised of more people than our teams? And how can make sure that you use the correct decision tools for each situation?

To my mind, the whole module is trying to teach us how to make robust decisions and aquire an understanding about decision-making. But most of us have came to the conclusion that a 'robust' decision is far from reality. The only thing you can do is to try to change your understanding in the first place, so that you are less biased when you dealing with decision-making. And next, you can try to use different methods in order to compare the outcomes and minimise the risk of highly biased decision-making.

March 2012

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