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5 decision models

Decoding Decision-Making: Exploring 5 Models for Better Choices

5 decision models

Here are 5 main decision-making models for you to make better decisions.

1) Rational decision-making model: Define criteria, weigh options, and choose the best.

2) Bounded rationality decision-making model: Quickly limit options and choose first satisfactory one; useful in time-sensitive situations, such as crisis management.

3) Vroom-Yetton decision-making model: Find your answer by answering yes/no questions.

4) Intuitive decision-making model: For decisions where little information is available and experience matters, trusting your instinct is the way to go.

5) The recognition primed model: Intuition + structure. Step 1: Analyze info and options. Step 2: Visualize the scenarios. Step 3: Pick the option that let to the best results in your visualization.

Which model do you use and why?

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