Showing posts with label decision. Show all posts
Showing posts with label decision. Show all posts

Thursday, June 4, 2009

TED - Irrational Decision-Making

Here is another great TED talk that asks the question: "Are we in control of our own decisions?"

The answer is NO! This could be applicable to our previous discussion of Empathy and the Court. This TED talk clearly demonstrates how our emotions and other non-rational factors control our decision-making much more strongly than reasonable logic.

For example, the person on the far left is "Tom" and the one on the far right is "Jerry". The figure in the top middle is a distorted version of "Jerry" to make him look ugly. The middle bottom is an ugly version of "Tom".

When presented with the top form, and asked who they would date, most picked good-looking Jerry. When shown the bottom form, they picked good-looking Tom. Amazingly, the ugly choice totally changed the results of the selection process!

The TED presenter, Dan Ariely, uses several other examples to show how our decision process may be totally altered by the presentation of undesirable, non-chosen alternatives.

HOW DOES THIS BEAR ON PROFESSIONAL DECISION-MAKING?

Well, if a decision is close between two alternatives, which is always the case for hard decisions in business (or the Supreme Court, where, by definition, cases are almost always close choices), a good strategy could be to introduce a slightly "ugly" version of the choice you want the deciders to make.

For example, a prosecutor could include the death penalty as an option, even if he or she thought a 20-year sentence is most appropriate. The "ugly" death penalty option would make it more likely the jurors would settle on a long sentence. Given a choice between 10 years and 20 years, they might pick 10. If the death penalty was added to the menu, they would be more likely to choose 20 years.

The other lesson I take from this TED talk is that professionals should adopt methodologies that, to the extent possible, exclude emotional factors. For example, my Decision tool "forces" the deciders to consider multiple factors and weights in reaching a decision.


Ira Glickstein

Wednesday, April 1, 2009

Decisions, Decisions - Here's a Method and Tool That Could Help

I recently posted another Google Knol - a bit of knowledge. This one is a rational method for chosing one item from a group of attractive alternatives, particularly in the case where your spouse or business associates differ. It is a process we called a "Trade Study" at work.

"Buying a house, car, pet or PC? Choosing among alternative courses of action at work? Do you and your spouse or your colleagues differ on which choice to make?

"Here is how to get everyone involved to 'put their cards on the table' and make a rational choice that will best serve your needs. A relatively simple Excel-based tool helps you make the right decision, including decisions in the face of uncertainty! It is available for FREE."

The Knol is at http://knol.google.com/k/ira-glickstein/decision-aiding-tool-do-a-trade-study/3ncxde0rz8dtk/5# and it contains a link to a Decision Tool that runs atop the MS Excel spreadsheet that one of my students back at Binghamton University created some years ago and I have upgraded over the years.

If you have a decision to make, have a look!

Ira Glickstein