Unlocking the Secrets to Better Decision Making in Uncertain Times
Rational decision making involves choosing the best option when faced with uncertainty or time constraints. The article discusses three perspectives on decision making: problem-solving, decision-making process, and decision-making system. Key concepts include rationality, group decision making, uncertainty, and techniques for improving decision-making systems. Understanding these concepts can enhance decision making. The article emphasizes selecting the best alternative, how people make decisions, and improving decision-making systems within organizations. Numerous references are provided for further details on rational decision making.