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Since then, decision analysis tools and decision quality concepts have been adopted by many corporations to guide and improve their decisions. [5] Starting in 2014, the Society of Decision Professionals is recognizing organizations that made DQ a core competency across the entire organization with the Raiffa-Howard Award, presented annually. [ 6 ]
Normativity is the phenomenon in human societies of designating some actions or outcomes as good, desirable, or permissible, and others as bad, undesirable, or impermissible. A norm in this sense means a standard for evaluating or making judgments about behavior or outcomes.
Part IV attempts to distinguish white lies from bad lies. [14] [15] [16] Contradicting Aristotle, who believed no general rule on lying was possible, 'For he who advocates lying can never be believed or trusted,' and St Augustine, who believed all lies were sinful, the book presents a definition of good lies, and argues why it is credible and superior.
Decision making is the process when someone will choose between multiple alternatives. [3] As stated above, being able to make a decision a good one at that you need to have a solid judgment. These two things tie in together; often, bad judgment can lead to bad decisions.
Specifically, the outcome effect occurs when the same "behavior produce[s] more ethical condemnation when it happen[s] to produce bad rather than good outcome, even if the outcome is determined by chance." [1] While similar to the hindsight bias, the two phenomena are markedly different. Hindsight bias focuses on memory distortion to favor the ...
A value judgment is a thought about something based on what it "ought" or "should" be given an opinion about what counts as "good" or "bad" — a contrast from a thought based on what the facts are. E.g. "The government should improve access to education" is a value judgment (that education is good).
Heuristics (from Ancient Greek εὑρίσκω, heurískō, "I find, discover") is the process by which humans use mental shortcuts to arrive at decisions. Heuristics are simple strategies that humans, animals, [1] [2] [3] organizations, [4] and even machines [5] use to quickly form judgments, make decisions, and find solutions to complex problems.
Disagree and commit is a management principle that individuals are allowed to disagree while a decision is being made, but that once a decision has been made, everybody must commit to implementing the decision.