Smart Choices: A Practical Guide to Making Better Decisions

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The authors provide case studies featuring people, in both personal and business settings, that use various tactics to make their choices in their lives. The tactics used are then elaborated and described very well so that readers may use them in their own situations. The more complex case studies are explained with ease via a series of flowcharts called "Decision Trees", which I found to be very useful in understanding how to decide between difficult and confusing choices. Many other strategies are featured throughout the book which can be utilized easily in daily life. Our revenue has been significantly bolstered working with Smart Choice – we’re hitting bonus multipliers we wouldn’t be able to reach otherwise – like 4.5% in aggregate instead of 2.5%. I have been a partner with Smart Choice since November, 2003 and have enjoyed every minute of it. Starting out, Companies wouldn’t appoint my Agency because of size. Smart Choice didn’t require policy The authors suggest the even swap method as a way of systematising comparisons of trade-offs across different objectives, but I didn't get a sense from their examples that this is something that systematically works across different situations. It seems like a half-measure somehow between trying to specify some sort of numeric utility/value function across different objectives which is the official recommendation of decision theory, versus just following your feelings/intuitions for integrating across conflicting objectives. I wasn't fully convinced that it's worth trying to apply this in actual decisions on a regular basis.

Smart Choices - Quick Guide - Education Smart Choices - Quick Guide - Education

The authors present a clear process and a set of easy-to-use techniques for making smart choices. They show you what you need to consider in evaluating your options and the steps you need to take to arrive at the smart choice. The essence of the approach is divide and conquer: break your decision into its key elements; identify those most relevant to your decisions; apply some hard systematic thinking; and make your decisions. The approach is proactive, encouraging you to seek out decision-making opportunities rather than wait for problems to present themselves. Finally after this book lots of book have been published on the neuroscience of decision making like How we decide , by Jonah Lehrer that taking decision is even harder that what is being discussed here and combining the concepts like PrOACT with knowledge of neuroscience will produce the best decisions. Keeney, who studies how people make decisions, spoke about how to make smarter personal and professional choices by defining a decision clearly, identifying what you want to achieve and creating better alternatives by taking time to consider options. Your selected decision statement guides your subsequent effort,” Keeney said. “It helps you figure out what your objectives are and you will likely recognize more things you need to consider.” Identify Your Objectives

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Phase 4: Unconscious Application. So about a week after finishing the book, I found myself buying a car from a private party. I found myself analyzing my decision in terms of defining my real problem and stating my objectives before I rushed to solve what I felt was the immediate need. I found myself criticizing my limited efforts to collect data (is a Carfax report really necessary? Do I really need a mechanic to look at it?) I like to think that these were all common sense internal reminders, but the sheepish truth is that I WASN'T DOING MOST OF THEM. Bummer. I guess it is good I read it. Create imaginative alternatives.… Remember: your decision can be no better than your best alternative. …

Smart Choices Liquor Service and Retail Certification Smart Choices Liquor Service and Retail Certification

Harvard Professor Max Bazerman, who has written extensively human misjudgment, suggests something very similar to this approach in his book Judgment in Management Decision Making when he explains the anatomy of decisions. Before we can fully understand judgment, we have to identify the components of the decision-making process that require it. Here are the six steps that Bazerman aruges you should take, either implicitly or explicitly, when applying a rational decision-making process.Smart Choices", cooperatively written by authors John S. Hammond, Ralph L. Keeney, and Howard Raiffa, is an excellent book that teaches readers the essential ways of making effective decisions in their personal and business lives. Each section of the book provides helpful information on the decision making process, ranging from choosing alternatives to the primary decision, to using flowcharts to help decide between more complex choices. Decisions shape our experiences, from choosing which job offer to accept, to buying the right car, to selecting a good accountant. How do we know which choice is the smart one? How can we be consistent and confident in our decisions? In this book from the three leading authorities on decision-making, readers learn how to approach all types of decisions with a simple set of skills developed by professors from Harvard, MIT, and the University of Southern California. Grapple with your tradeoffs. Because objectives frequently conflict with one another, you’ll need to strike a balance. Some of this must sometimes be sacrifices in favor of some of that. … The PrOACT decision making model provides a systematic approach for making decisions. It consists of eight elements that will help you make better decisions when worked through systematically.

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This framework can help you make better decisions. Of course, sometimes good decisions go wrong. A good decision, however, increases the odds of success. Smart Choices, a new training program for hospitality industry employees, launched January 2, 2017. Smart Choices replaces Serving It Safe and the Problem Gambling Assistance Program. Manitoba’s liquor and gaming regulator, the Liquor and Gaming Authority of Manitoba (LGA), and the Manitoba Tourism Education Council (MTEC) have partnered to develop and deliver the online program. The goal of the Smart Choices Liquor Service and Retail Certification is to increase public safety. Smart Choices focuses on current laws, safety requirements and responsible strategies when serving or selling liquor. Smart Choices also includes problem gambling awareness information. This training helps people who sell and serve liquor, and those who offer gambling in their establishments, understand the legal requirements and put in place responsible strategies to reduce risks and harm. Specify your objectives.… A decision is a means to an end. Ask yourself what you most want to accomplish and which of your interests, values, concerns, fears, and aspirations are most relevant to achieving your goal. … Decisions with multiple objectives cannot be resolved by focusing on any one objective.

We were pleased to work with the LGA to ensure that the transition to Smart Choices will be as seamless as possible for the hospitality industry.” To my surprise, I found "Smart Choices" to be pleasantly easy to read and the steps so simple to follow. At first I expected a more academic and monotonous approach to the topic of decision-making from this book, since it is a Harvard Business Review Press publication. The books published under that publication company tend to be filled with business jargon that can only be understood by people already familiar with business-related areas of study. However, "Smart Choices" is the type of book that avoids the mentioned trend by reaching out to readers whom simply wish to seek out and improve their skills in decision-making. Making smart choices is a fundamental life skill, relevant to everyone: business people, doctors, lawyers, teachers, students, parents, young, and old. Your decisions shape the course of your professional career and the quality of your personal life. Yet few people learn real decision-making skills. Consequently we approach our choices tentatively, or even fearfully, and avoid giving decisions the time and thought required to turn them to our best advantage. Smart Choices offers the first straightforward, easy-to-follow process designed to improve the way you make business decisions, family decisions, personal decisions—any decision that can help you reach your goals. Keeney suggests making a list of everything you want to achieve as consequences of the decision with a verb in front of an object.

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Next, consider your potential decision statements and select the one that best describes your interests.

Smart Choices: A Practical Guide to Making Better Decisions contains an interesting decision-making framework: PrOACT. As a scratch agency, we had very little premium to show to carriers. Smart Choice allowed us the opportunity to get appointed with carriers that we wouldn’t have been able to get otherwise. Finally we take decisions based on mental shortcuts called heuristics. Rising above them is a big thing and requires lots of deliberation because a bias of heuristics always flaws the above steps of PrOACT. Today there are many books on psychological traps of which Thinking, Fast and Slow, by Daniel Kahneman is the pioneer. At the Duke Career Center, Monique Turrentine decides what companies and organizations are invited to Duke to meet virtually or in-person with students to discuss job opportunities. The PrOACT decision making model was developed by John S. Hammond, Ralph L. Keeney, and Howard Raiffa. They described how to make a decision using the PrOACT model in the book Smart Choices: A Practical Guide to Making Better Decisions.