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Decision making

410 bytes added, 14:28, 27 August 2013
Intuitive Decision Making
==Intuitive Decision Making==
Most of the time, people use intutive thinking when they make decisions, which is carried by [[system 1]]. Intutive thinking is somtimes not logical, nor it is sutiable to precise reasoning (which is handeld by [[system 2]]). This creates logical mistakes, and may influance decision making proufundly. Understanding the way system 1 works, is important to thus who want to faciltate wise deicsion by [[deliberation]].Most of the work in this page was based on Kahnaman's book "Thinking Fast&Slow"<ref>[http://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374275637 Kahneman, D. (2011). Thinking, Fast and Slow (p. 512). Farrar, Straus and Giroux.]</ref>
 
automatic decision making is more prevalent when most of the information is known, whereas slow decision making is more prevalent when a new knowledge must be acquired<ref>[http://journal.sjdm.org/13/13426/jdm13426.html Deliberation versus automaticity in decision making: Which presentation format features facilitate automatic decision making?, 2013, Anke Söllner, Arndt Bröder, Benjamin E. Hilbig]</ref>
===Biased Observations===