506 Quotes About Decision-making

Refining a data set implies getting rid of unnecessary, duplicate, or misleading data. If you don't do that, you can see results that are not actually true, thus hurting your decision-making.

Your market research project is of no use if you are not going to use the results of it in your decision-making process.

The truth is that every business answer that you’re looking for is out there—covered and surrounded by many layers of unnecessary data.

Poorer children grow up with more stress and more disruption, and these disadvantages produce effects on the brain. Researchers often use dull tests to see who can focus attention and stay on task. Children raised in the top income quintile were two-and-a-half times more likely to score well on these tests than students raised in the bottom quintile.

What constitutes a rational decision depends upon one's knowledge. There is a rider to this. If one has reason to believe one's knowledge is insufficient, then it is rational, particularly in the case of important decisions, to seek out more evidence: unfortunately, as we will see, when people do so, they usually act in a wholly irrational way, since they only seek evidence that will support their existing beliefs.

We can create a labyrinth of faulty analysis and decision making as we try to connect the outside world to our inside selves.

If you don't know what you want avoid what you don't want, that in itself is a good start.

Secretary of the treasury Albert Gallatin is accused of treason by war enthusiasts merely for suggesting budget adjustments to pay for war measures.

Leaders need to correct for cognitive biases the way a sharpshooter corrects for wind velocity or a yachtsman corrects for the tide.