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Mindfull Decision Making
All about decision making and decision making processes
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Rescooped by Philippe Vallat from Complex systems and projects
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Rescooped by Philippe Vallat from Bounded Rationality and Beyond
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Collective choices under ambiguity

Abstract: We investigate experimentally whether collective choice matters for individual attitudes to ambiguity. We consider a two-urn Ellsberg experiment: one urn offers a 45% chance of winning a fixed monetary prize, the other an ambiguous chance. Participants choose either individually or in groups of three. Group decision rules vary. In one treatment the collective choice is taken by majority; in another it is dictated by two group members; in the third it is dictated by a single group member. We observe high proportions of ambiguity averse choices in both individual and collective decision making. Although a majority of participants display consistent ambiguity attitudes across their decisions, collective choice tends to foster ambiguity aversion, especially if the decision rule assigns asymmetric responsibilities to group members. Previous participation in laboratory experiments may miti- gate this.


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How to Instantly Tell If Someone is About to Make a Good Decision (Or Not)

How to Instantly Tell If Someone is About to Make a Good Decision (Or Not) | Mindfull Decision Making | Scoop.it
Study finds intriguing link between decision-making and this subtle signal.
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Intuition en entreprise : une révolution en marche ?

Intuition en entreprise : une révolution en marche ? | Mindfull Decision Making | Scoop.it
Le milieu des entreprises entretient avec l’intuition une relation forte et contrastée. Indispensable outil de décision pour les dirigeants, garant de rapidité et d’efficacité, ce mystérieux « sixi...
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The Army's New Decision-Making Model

Of the many lessons I learned after spending 13 years as a Navy SEAL, one critical takeaway is that the ideal solution does not exist. The perfect mission simply does not occur because change is constant and occurs at the most inopportune time, which means the moons of opportunity will just never fully align. Consider, for example, the raid on Osama bin Laden in 2011.
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Decision-making improved by just 15 minutes of meditation: study

Decision-making improved by just 15 minutes of meditation: study | Mindfull Decision Making | Scoop.it
Research has found that just 15 minutes of mindful meditation can help people
make more rational decisions, suggesting a way to boost business performance
by improving employee health via corporate meditation programmes.
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Why Mindful Individuals Make Better Decisions

Why Mindful Individuals Make Better Decisions | Mindfull Decision Making | Scoop.it

Mindfulness is practiced in board rooms from Silicon Valley to Wall Street. But just how much does it improve the quality of your decision-making?

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Six tips for taking complex decisions at work

Six tips for taking complex decisions at work | Mindfull Decision Making | Scoop.it
Companies and individuals face various problems daily. Some of these problems are the direct consequences of our actions or reactions to the situations we face. When we fail to explore the nuances and complexity of a problem, our response is not as flexible and effective as it should be. Systems today are volatile, uncertain, complex… 
Philippe Vallat's insight:

A systemic (and human) view of decision making in a complex environment

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How to thrive in a world where change is constant

How to thrive in a world where change is constant | Mindfull Decision Making | Scoop.it
As director of the MIT Media Lab, Joi Ito is constantly thinking about what the future might hold. But, he says, an obsession with what's to come is unhealthy and unhelpful. Here, he shares 8 piece...

Via Christophe Bredillet
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Worth reading: good hints to avoid linear thinking

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Christophe Bredillet's curator insight, July 9, 12:49 AM

"Common" "complexity" sense, but not the best shared everyday practice...

Philippe Vallat's curator insight, July 9, 7:12 AM

Worth reading: good hints to avoid linear thinking

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Prise de décision en situation incertaine: Calcul, jugement, et imagination

On m'a récemment demandé d'intervenir sur le thème de la prise de décision, avec un accent particulier sur les décisions dans l'incertitude. Il m'a paru important de repartir des théories de base d...
Philippe Vallat's insight:

Complément intéressant cf mon billet blog http://www.comitans.ch/fr/blog-philippe-vallat/leadership-dans-l-incertitude/111-decision-complexe

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How gender affects the decision-making process

How gender affects the decision-making process | Mindfull Decision Making | Scoop.it
This post is an excerpt from"Gender Intelligence," by Barbara Annis and Keith Merron (HarperBusiness, May 2014). Buy the book at Amazon, Apple, Barnes &am
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Rescooped by Philippe Vallat from Bounded Rationality and Beyond
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A Multidisciplinary Approach to Mind and Consciousness

A Multidisciplinary Approach to Mind and Consciousness | Mindfull Decision Making | Scoop.it

In the last 400 years physics has achieved great success, in theory and experimentation, determining the structure of matter and energy. The next great step in the evolution of science will be exploring the role of mind and consciousness in the universe, employing mathematics and fundamental theoretical constructs to yield specific predictions. Based on recent findings in biological autonomy, we propose to approach consciousness from the key aspect of decision-making. 


Via Alessandro Cerboni
Philippe Vallat's insight:

Some quotes:

  • if biological decision-making occurs through the quantum-vacuum and the Universe as a whole can be regarded as conscious or equivalently living, then decision-making can also occur through the autonomy of a living Universe.
  • At present, it is generally conceded that we do not know how our minds interact with our bodies.
  • the phenomenon of intuition seems to be related to cellular and universal consciousness as basic ingredients of organismal mind
  • living organisms, including the human, are first of all
    systems of consciousness capable of making decisions.


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Philippe Vallat's curator insight, May 7, 11:24 AM

Some quotes:

  • if biological decision-making occurs through the quantum-vacuum and the Universe as a whole can be regarded as conscious or equivalently living, then decision-making can also occur through the autonomy of a living Universe.
  • At present, it is generally conceded that we do not know how our minds interact with our bodies.
  • the phenomenon of intuition seems to be related to cellular and universal consciousness as basic ingredients of organismal mind
  • living organisms, including the human, are first of all systems of consciousness capable of making decisions.


David Hain's curator insight, May 7, 12:23 PM

Physics, spirituality and timeless life skills seem to be increasingly coming together. There should be mystery left for a while though!

Eli Levine's curator insight, May 7, 3:45 PM

We are all one with the universe, regardless of our superficial or substantive differences.

 

A shame that this universe could raise so many people who are so incapable of living within it for a very long time.  Then again, isn't that what evolution works out over time?

We're a very young species and if we don't die off in the meantime, we will be stronger than before, especially if we identify, isolate and care for those who are not really fit for living, in spite of being otherwise functional, thanks to their brains and behaviors that prove to be dangerous to themselves and dangerous to others in the long and short terms.

 

It's time we take our mental health seriously, because we are all human and are all working with a second hand perspective of the world.  Some people's views are more accurate and helpful than others.

 

Think about it. 

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Apocalyptic Decision Making – Dealing with Uncertainty – Influencing and Problem Solving

Apocalyptic Decision Making – Dealing with Uncertainty – Influencing and Problem Solving | Mindfull Decision Making | Scoop.it
When confronted with uncertainty in decision making, we tend to focus more on what we know. Three things help us address it in decision making
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A clear business vision statement will guide your company's decision making.

A clear business vision statement will guide your company's decision making. | Mindfull Decision Making | Scoop.it
A compelling business vision statement will provide a clear and powerful image of your company's future.
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A New Perspective on the Framing Effect

A New Perspective on the Framing Effect | Mindfull Decision Making | Scoop.it

Our tendency to choose options that appear less valuable than alternative options (such as choosing to stick with our original choice in the Monty Hall Problem) is often cited as evidence for our irrationality. However, the view that we are irrational derives too from inconsistency in our preferences.

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Rescooped by Philippe Vallat from Cognitive bias
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Introduction to Cognitive Bias - YouTube

“ RT @alphaarchitect: Introduction to Cognitive Bias: http://t.co/pyNbXNyaqe via @YouTube”


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Decision Timing

Decision timing is a key factor in getting the most value from your decision making efforts. This presentation addresses some of the common decision traps, bia…
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Miklos Szilagyi's curator insight, August 9, 2:05 PM

Yes, timing is key point... not too much information, just enough... well, that's the difficulty...:-))) Good...

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Daniel Kahneman Explains The Machinery of Thought | Farnam Street

Daniel Kahneman Explains The Machinery of Thought | Farnam Street | Mindfull Decision Making | Scoop.it
Daniel Kahneman dissects the machinery of thought into two agents, system 1 and system two, which respectively produce fast and slow thinking.
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Miklos Szilagyi's curator insight, August 9, 2:07 PM

"One further limitation of System 1 is that it cannot be turned off..." Beside that it's useful...:-)))

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Behavioural Economics: From Anecdote to Action on Vimeo

When it comes to making decisions, the fact is we think much less than we think we think! Behavioural Economics has shown that our decisions are guided not by our plans or intentions, but by where we are, the people we’re with and the unconscious forces inside us. Summaries of Behavioural Economics offer a collection of delightful anecdotes, but can leave you wondering how on earth to use it. To make sense of it, join Orlando Wood as he talks through BrainJuicer’s Behavioural Model; learn why it’s so important to make buying your brand fun, fast and easy and how the behavioural sciences can inspire better research and marketing.


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How Your Decision Making Skills Can Make or Break You

How Your Decision Making Skills Can Make or Break You | Mindfull Decision Making | Scoop.it
The way you make decisions determines your career trajectory, and if you want to rise high, you must aim for a leader-like style. I always thought of myself as a decisive person. But after reading Julia Tang Peters’ book Pivot …Read »
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Decision Design: Wie wir besser Entscheiden lernen

Decision Design: Wie wir besser Entscheiden lernen | Mindfull Decision Making | Scoop.it

Die Verdatung unserer Lebens ermöglicht der Medizin immer präzisere Prognosen. Aber führt das auch zu bessere Entscheidungen für unsere Gesundheit? Nur wenn wir unsere Entscheidungsverfahren auf den neuesten Stand bringen.

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Can Mindfulness Improve Decision Making?

Can Mindfulness Improve Decision Making? | Mindfull Decision Making | Scoop.it
A recent study asks if present-moment focus can help correct for the "sunk-cost bias"—our tendency to continue down a path because we're already so far along.
Philippe Vallat's insight:

Quote: "Taken together, these findings suggest that even brief doses of mindfulness mediation may assist in improving decision-making processes and outcomes."

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Decision Making Styles: How Do You Decide?

Decision Making Styles: How Do You Decide? | Mindfull Decision Making | Scoop.it
Your decision making style can be intellectual or emotional, rational or irrational. Learn about the pros and cons of the four types of decision making styles.
Philippe Vallat's insight:

I fully agree with the conclusion:

"By understanding your personal decision making style, it is possible to make adjustments according to the situation and results you are working towards. Strong decision making requires the ability to assess the situation, determine the best style of decision making."

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Your emotions are probably costing you money in the market

Your emotions are probably costing you money in the market | Mindfull Decision Making | Scoop.it


Armed with mountains of data, reams of corporate filings and advice from professionals, investors often rely on a range of emotions to make financial decisions – whether they realize it or not. And those underlying feelings can present roadblocks to rational investing.


Via Alessandro Cerboni
Philippe Vallat's insight:

The problem is not that we have emotions, it is that we cannot deal with them properly and let them induce cognitive biases.

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Rescooped by Philippe Vallat from Papers
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Decision accuracy in complex environments is often maximized by small group sizes

Individuals in groups, whether composed of humans or other animal species, often make important decisions collectively, including avoiding predators, selecting a direction in which to migrate and electing political leaders. Theoretical and empirical work suggests that collective decisions can be more accurate than individual decisions, a phenomenon known as the ‘wisdom of crowds’.

[...] Our results demonstrate that the conventional view of the wisdom of crowds may not be informative in complex and realistic environments, and that being in small groups can maximize decision accuracy across many contexts.


Via Complexity Digest
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Paul Kroeger's curator insight, May 1, 9:26 AM

The Couzin lab (Princeton) is focused on 'group animal behavior,' and although this paper isn't available directly, the title made me wonder if the observations might apply to the way we make decisions in what is certainly a complex environment...  Perhaps worth a read...

Damien Thouvenin's curator insight, May 3, 5:58 AM

Deux chercheurs de l'université de Princeton démontent la soi-disant "sagesse des foules" et montrent que, si l'intelligence collective d'un petit groupe produit de meilleurs résultats que le travail individuel, ceci est en revanche faut pour de grands groupes. La diversité des points de vue et des sensibilités d'un petit groupe tend à filtrer le "bruit" environnant tandis qu'il est amplifié par une foule.