Tuesday, January 5, 2010

How to Make Good Decisions and Avoid Making Bad Ones

Freakonomics co-author Stephen Dubner has an interesting interview in today's NY Times with Ralph Kenney, an expert on decision analysis at the Fuqua School of Business at Duke. Among other useful pieces of advice from the interview, Kenney offers the following for avoiding making bad decisions:
give serious thought to identify your objectives, generate a full range of alternatives, consider possible long-term consequences of your alternatives, and imagine possible events that could significantly influence the eventual consequences of your choice. 

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