Need to improve decision making skills?
Have you ever taken lessons for music, tennis, golf?
Have you ever taken lessons for decision making?
Just as lessons for music, golf and tennis are necessary to be good, so it is with decision making skill.
Do you ever feel anguish when making a decision? Individually or in a group?
Everyone is an expert
BOGGSAT (Bunch Of Guys/Gals Sitting Around Talking)
Overcome Cognitive limitations
Short term memory
Role of Intuition/emotion; rationality/reason
Optical Illusions and Cognitive Illusions
Rational Economics — unrealistic assumptions
Behavioral Economics — what to be aware of but how to avoid?
Losses loom larger than gains
Humans are loss averse
But humans are not necessarily Risk Averse! See Why
Gap — AHP