Good Strategies, Good Decisions

In Disasters and Dilemmas. Oxford, UK: Wiley. pp. 51–64 (1990-11-22)
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Abstract

A good decision is one that leads to people's getting what they want. Luck plays a smaller role if they ask what makes a good decision‐making method or policy. This chapter discusses how often people will get more of what they want if their decisions are formed in this way, than they would have had they reasoned differently. It also describes the advantages or disadvantages of the dilemma‐managing strategies, and presents a systematic view of the strategies (partition‐shifting strategies, spreading strategies, and revaluing strategies), with an emphasis on how to evaluate them. Different decisions involve different partitions. The choice of a suitable partition is one of the secret skills of decision‐making. A good partition should reveal the important factors that can affect the outcomes of the acts being considered, in such a way that these outcomes can easily be compared.

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Adam Morton
PhD: Princeton University; Last affiliation: University of British Columbia

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