Decision Making

Question 1

Factors we consider when making a decision

Answer 1

Setting; value; experience; knowledge; pre-conceived ideas; reliability; cost; beliefs

Question 2

4 basic strategies of decision making

Answer 2

• Pattern recognition
• hypothetico-deductive
• algorithims
• unfiltered data collection

Question 3

Hypothetico- deductive

Answer 3

Deduction (general to specific)
Induction (specific to general)

Seduction (ask someone, fast decision and listen to them)

Question 4

System thinking

Answer 4

System 1: Rapid, unconscious, retrieval

System 2: slow, conscious, deliberate

Question 5

Heuristic/analytical versus exemplar thinking

Answer 5

H: System 1 dominant, 2 can step in. May need to slow down to reduce errors

E: System 1 first, if no solution, but system 2 will step in. To reduce errors have to gain knowledge

Question 6

Simple and complex cases

Answer 6

Simple cases if spend too much time on them, may overthink. Complex do require more reflection and thinking

Question 7

What non-cognitive factors influence decision making?

Answer 7

Personal (experience, knowledge, beliefs)
Emotion
Evidence
Peers
patients
Environment
financial
legal