There are several factors that we need to consider in making effective decision making. Significant factors that influence decision-making. Some of these are:
Past experiences
A variety of cognitive biases
Escalation of commitment
Sunk outcomes
Individual differences such as age and socio-economic status
and, Belief in personal relevance.
Not all situations have the same back story and not all decisions are influenced by a single constant factor. We also need to consider that in every situation, the process of decision we make does not just rely on what we feel inside.
Answers & Comments
Answer:
No.
Explanation:
There are several factors that we need to consider in making effective decision making. Significant factors that influence decision-making. Some of these are:
Past experiences
A variety of cognitive biases
Escalation of commitment
Sunk outcomes
Individual differences such as age and socio-economic status
and, Belief in personal relevance.
Not all situations have the same back story and not all decisions are influenced by a single constant factor. We also need to consider that in every situation, the process of decision we make does not just rely on what we feel inside.