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Book Recommendation of the Month: Rational Decision Making

Eisenfuehr, Weber & Langer. Rational Decision Making.

This month’s pick is a classic textbook, presenting theory as well as practical methods on how to improve decision making. It is admittedly not the easiest read, but those who are truly interested in the formal methods of how to approach difficult decisions will find this book very rich and thorough.



The Dark Sides of Positive Thinking

Illustrated by an artist in this RSA animation, Barbara Ehrenreich explores the problems of positive thinking:

Positive thinking, to the extent that it is delusional (and it often is), is not as harmless as it sounds. It can keep us in a powerless or complacent state, rather than forcing us to acknowledge the unpleasant reality and take action.



Which types of decisions do we regret most?

In this TED talk, Kathryn Schulz makes the rather unusual
claim that regret is not always a bad thing:

It is a worthwhile talk for many reasons. One thing I found
particularly remarkable was a study she cites, which showed
that the kinds of decisions people regret most are decisions
concerning their education and career. Next up are romance
and parenting as fields where people experience considerable
regrets.

Interestingly though, people seem to have hardly any regrets
about finances or health, which are by far the most
extensively researched decision domains.
I do hope that more decision scientists will in the future
venture out into those other (messier?) domains, like
relationships or careers, where people seem to have a lot
more difficulties with their decisions.



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