Chapter 4. Decision Making
Introduction
This chapter discusses decision making in more detail, specifically a structure for decision making, the idea of Real Options, and cognitive biases that can get in the way of effective decision making.
A Structure for Decision Making
Decision making is a fairly vague concept, so here’s some structure to help explain what deciding wisely looks like:
• Determine the decision maker.
• Select a decision mechanism.
• Determine what information is needed.
• Build support with peers/stakeholders.
Determine the Decision Maker
While this may seem like a no-brainer, it is difficult to make a decision if you don’t know who is supposed ...
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