Decision

A decision is the selection of action from available options based on information, values, goals, and constraints.

Definition

A decision is not just a momentary impulse, but a process of combining beliefs, preferences, expected consequences and readiness to bear the consequences. In practice, good decisions require defining the problem, the selection criteria, the available options, and the point at which further analysis ceases to add value. The decision does not have to provide complete certainty; should be sufficiently justified under the circumstances.

Key ideas

Missing key ideas.

Practice and life

For an important decision, write down the goal, three viable options, selection criteria, and the cost of delay. Then set a deadline for turning your choice into action.

Common misunderstanding

It is a mistake to treat decisions as a search for absolute certainty. A common mistake is also comparing options without clear criteria or postponing the choice under the guise of further analysis.

Questions for self-reflection

No questions for self-reflection.

Sources

No sources.