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Latest Decision making Stories

2013-01-23 11:17:03

Constraining choice isn´t necessarily a good thing when it comes to managers´ problem-solving, according to a new Canadian study. Managers tend to pick higher-risk options when forced to choose between competing alternatives to complex situations, according to researchers from the University of Guelph and University of Waterloo whose study was published recently in the Journal of Business Ethics. But when they´re not forced to choose, managers tend to reflect more and...

2012-12-17 11:16:47

Turns out the trope is true: You should trust your gut – as long as you´re an expert. So says a new study from researchers at Rice University, George Mason University and Boston College. “How expert someone is within a particular domain has a positive impact on their ability to make an accurate gut decision,” said Rice´s Erik Dane, lead author of a study published last month in the journal Organizational Behavior and Human Decision Processes. However, he added,...

Confidence Starts In The Brain
2012-12-10 05:31:59

redOrbit Staff & Wire Reports - Your Universe Online If it seems as though some people are more confident in the decisions that they make than others, it's because of differences in how their brains are wired, a team of UK researchers have discovered. Writing in the journal Nature Neuroscience, Professor Ray Dolan and colleagues from the Wellcome Trust Centre for Neuroimaging at University College London (UCL) have pinpointed the specific regions of the brain that work together to...

Instinct Often Makes For Good Decisions
2012-11-09 07:50:25

Alan McStravick for redOrbit.com - Your Universe Online Intuition will tell the thinking mind where to look next — Jonas Salk We make decisions every day. The number of decisions we must make is innumerable. From when to get up, to which towel to use after the shower, to how much toothpaste to squeeze out of the tube, to coffee or tea, etc., etc. And this previous list that hasn´t even gotten you out the front door on your way to work doesn´t even take into account our...

Why Haste Makes Waste
2012-11-08 06:47:09

Alan McStravick for redOrbit.com - Your Universe Online Two similar scenarios, but for the timing involved, require different parts of your brain to help you make a decision. Let´s say you are driving on the freeway when the car in front of you blows a tire. You have only milliseconds to process the situation, make your decision and act. Do you slam on your brakes or pull out of the lane suddenly? Either decision could be right or wrong. Scenario 2 has you driving down the same...

2012-10-04 10:39:39

Like humans, monkeys can make irrational decisions when making choices When making decisions about the value of an assortment of different objects, people approximate an average overall value, which though frequently useful can lead to apparently irrational decision-making. A new study published Oct 3 in PLOS ONE by Jerald Kralik and colleagues at Dartmouth College shows for the first time that non-human primates also make similar 'irrational' choices based on approximation. In the...

2012-08-23 11:01:49

Managers and non-managers show distinctly different brain activation patterns when making decisions, according to research published Aug. 22 in the open access journal PLOS ONE. The authors of the study, led by Svenja Caspers of the Institute of Neuroscience and Medicine, Research Centre Jülich in Germany, used functional MR imaging to track the decision making process for managers and non-managers. Subjects were required to perform equally repetitive decisions, one form of...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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