What is decision Making? 

Give decision making a definition. Making decisions is exactly what it sounds like—a process or an action. Though we frequently make passionate, illogical, and perplexing decisions, we also occasionally make rational selections. This page explores the reasons behind our bad decisions as well as helpful frameworks to add to your toolkit for making decisions. 

Why we make poor decisions? 

Though I'm not a reasonable person, I prefer to think of myself as one. The good news is that you and I are not alone. Everybody is illogical. Economists and researchers had long held the view that people made thoughtful, rational judgments. But in recent years, scientists have discovered a variety of mental mistakes that cause disruptions to our thought processes. The articles that follow describe common mistakes we make and offer solutions.

*Five Typical Mental Fallacies That Prevent You From Making Wise Choices: Let's discuss and dissect the mental mistakes that manifest themselves most commonly in our daily lives. This article describes how the availability heuristic, confirmation bias, survivorship bias, loss aversion, and anchoring might prevent you from making wise judgments.

*How to Identify a Typical Mental Mistake That Causes Misguided Thinking: Numerous psychological research have demonstrated that humans have a tendency to overestimate the significance of events that we can easily recall and underestimate the significance of events that we find difficult to recall. This tiny cognitive error is known by psychologists as a "illusory correlation." In this piece, we discuss a straightforward technique you can employ to identify your unconscious presumptions and stop yourself from drawing false conclusions.

*One Reason Our Brains Love to Procrastinate, According to Two Harvard Professors: We often care too much about who we are now and not enough about who we will be in the future. To overcome procrastination and make better decisions in the long run, you need to figure out how to make your current self act in your future self's best interest. This post outlines three quick methods for doing just that.

How to use mental models for smart Decision Making? 

Learning mental models is the most intelligent technique to get better at making decisions. A mental model is a hypothesis or framework that contributes to the understanding of why the world operates as it does. Every mental model is an idea that gives us a perspective on life's issues and aids in our attempt to make sense of the world.

4 steps in decision making process

1.Clarify the Question

To answer the question clearly, one must explain the significance of the choice and the range of possible results. This clarification aids in understanding the issues involved and what the decision-makers would benefit from most.When coming to a choice, one should ask the correct questions.

2.Gather information. 

Typically, information gathering entails resource searches. You can finish this work by conducting online research, speaking with professionals in the industry, or asking personal contacts. Businesses can consult with others to determine what they believe would be best if they need to make a choice on something they previously knew about or were unable to obtain information on prior.

What makes this step crucial? Information gathering is crucial since it prevents companies from squandering funds and effort on unnecessary expenses. Information gathering also serves as a foundation for subsequent judgments. Businesses can obtain information in a variety of methods, from external sources like focus groups and surveys to internal sources like source reports.

3.evaluate the option

Evaluating the possibilities is the third step in the decision-making process. Once the information is acquired, you may begin evaluating the possibilities and weighing the advantages and disadvantages of each. In this stage, you take into account the requirements and constraints of your business together with the potential benefits of each choice. Next, you eliminate the possibilities that are obviously not going to work for your firm or whose drawbacks outweigh their benefits in order to further reduce your list of options.

4.Making final decision

Final Decision means a final action of the commission determining the legal rights, duties, or privileges of any person. “Final decision” does not include preliminary, procedural, or intermediate actions by the commission, actions regulating the internal administration of the commission, or actions of the commission to enter into or refrain from entering into contracts or agreements with vendors to provide goods or services to the commission.

7c's of decision making

1.communication.

2 . Conviction. 

3.Common Sense. 

4.Composition.

5.Counsel.

6.circumstance.

7.Choice.