Smart Choices: A Practical Guide to Making Better Decisions

Smart Choices A Practical Guide to Making Better Decisions Where should I live Is it time to switch careers What is the best course of action for me Decisions shape our experiences from choosing which job offer to accept to buying the right car to selectin

  • Title: Smart Choices: A Practical Guide to Making Better Decisions
  • Author: John S. Hammond Howard Raiffa Ralph L. Keeney
  • ISBN: 9780767908863
  • Page: 274
  • Format: Paperback
  • Where should I live Is it time to switch careers What is the best course of action for me Decisions shape our experiences, from choosing which job offer to accept, to buying the right car, to selecting a good accountant How do we know which choice is the smart one How can we be consistent and confident in our decisions In this book from the three leading authorities onWhere should I live Is it time to switch careers What is the best course of action for me Decisions shape our experiences, from choosing which job offer to accept, to buying the right car, to selecting a good accountant How do we know which choice is the smart one How can we be consistent and confident in our decisions In this book from the three leading authorities on decision making, readers learn how to approach all types of decisions with a simple set of skills developed by professors from Harvard, MIT, and the University of Southern California.Combining solid research with common sense and practical experience, this user friendly guide shows readers how to assess deep seated objectives, create a comprehensive set of alternatives, determine likely consequences, make tradeoffs, and grapple with uncertainty Not only will readers learn how to make decisions, they will learn how to make the smartest decisions For anyone caught at a confusing crossroad whether you re choosing between mutual funds or deciding where to retire the Smart Choices program will improve your decision making abilities immediately, and make your life rewarding and fulfilling.

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    2 thoughts on “Smart Choices: A Practical Guide to Making Better Decisions

    1. John S. Hammond Howard Raiffa Ralph L. Keeney Is a well-known author, some of his books are a fascination for readers like in the Smart Choices: A Practical Guide to Making Better Decisions book, this is one of the most wanted John S. Hammond Howard Raiffa Ralph L. Keeney author readers around the world.

    2. I thought the model was sound and there were some good examples of application. However, there were instances where it got overly repetitive and some of the theories could have been better outlined and simpler to understand. I had to read the chapter on trade-offs twice before it sunk in. I doubt most readers will be able to finish the book, because it does get rather dry. I also agree with another reader's assessment that there should have been better research and case studies to substantiate t [...]

    3. eithera.) cut out all the crap canned examples, stop saying the same thing over and over again, and republish this as a pamphlet, orb.) amp up the math and the science, and get some real case studies in there.

    4. The concepts were still not groundbreaking, but the various methods they proposed for making tradeoff decisions demonstrated a concrete way to deal with discrete factors in a decision. A lot of it still comes down to gut feeling, but by laying all of the data points out and making tradeoffs, it still feels good to have seemingly accounted for all of the known variables.Phase 3: Stoic Completion. After the trade-off chapter I was back to the "just think really hard" style of answers and I had to [...]

    5. A must-read book on decision making and problem solving, which are two critical competencies in business life.

    6. Read this book on kindle.me books are just not to be read on kindleyou can't do justice on that platform. Another reason, a book like this needs to be more interactive. discusses all the right things on decision making but post reading you never felt like going back to it.ggest making notes when u r reading this one read in hard copy

    7. Well, some might argue that the techniques provided in this book are basics and nothing phenomenal. But I disagree with them, since in most of the decision making process the techniques provided here are the fundamental things that we must do but we don't. And that leads everything haywire. This is not like many books in genre, with "learning by examples" kind of thing. But this is actually a manual of steps that you can use to make smart choices. This is definitely a worthy investment.

    8. Good and logical process for making decisions. It focuses on generating the right question and then eliminating options. There are some examples in the book to help you understand the concepts and overall it works well in presenting its information.The book did not contain any startling breakthroughs or quick fixes but it did present its methodology in an easy to understand process.

    9. If you are an analytical thinker who has trouble making decisions, read it, but be forewarned - very dry.

    10. The book seemed to be a lot of common sense. I found a few things that would be useful, but mostly nothing that I had not already heard/read/seen somewhere else.

    11. This text was required reading for a course titled "Decision Tools and Project Planning" in my Public Policy graduate studies program. It has many interesting points, and the author illustrated their techniques with storylines. I found it a fairly easy read, but some chapters were a bit daunting and difficult to understand, especially related to drawing out problems and the needed elements for making "smart choices". Without the illustrative narratives, it would have been challenging to understa [...]

    12. One of the best and straightforward books that I have read on decision making. The classification and choice of the topics is very good. It's another know how book that gives a real method of decision making that one can use in his daily life. totally recommend it for anyone who wishes to kick start on this subject.

    13. I read about a chapter of this a day for the past few weeks to get a better handle on the foundation of Structured Decision Making for my new job. The text is very accessible, gives a variety of applicable examples and explains things well. An engaging and quick read.

    14. A lot of common statistics and decision making processes with some twists. Good read and good reminder to make better decisions.

    15. "The art of good decision making lies in systematic thinking," (p. 215). In Smart Choices (1999), John Hammond Ralph Keeny and Howard Raiffa provide a practical and easy to understand framework for decision making to drive smarter decisions. Their PrOACT model encourages readers to make sure they work on the right problem (pr), clearly define their objectives (O), consider a variety of creative alternatives (A), describe and understand the consequences of each alternative (C), and consider the t [...]

    16. I am a practitioner/facilitator of various collaborative methods for decision making. This book reinforced a lot of what I have learnt through practice and I found the "even swaps" method to be of interest. The book is really nicely pitched, easy to read and is indeed practical as the title said. It has some excellent advice. Readers should not expect a theory-fest nor a deep exploration into multicrtierial decision analysis methods and considerations. The method they advocate (even swaps) is a [...]

    17. I read this because it is a popular work by two very big names (Keeney and Raiffa) in my own technical field, decision analysis. Since I often have to explain technical ideas for a general audience and recommend courses of action to non-specialists, I wanted to see how K&R do that. So I thought it a great little book, and recommend it highly, except for one curious lapse. It recommends eliciting utility functions without using reference lotteries. Since utility functions capture attitude tow [...]

    18. This book is as straightforward as its title. There are very few references to studies and the originating science behind the steps and methods the authors advocate but in theory, the authors' weighty backgrounds in decision-making justifies their statements. They use a proliferation of examples drawing from house-buying to job-seeking to litigation that help illustrate their concepts well. My only critique is that there is actually quite a bit of complexity and some redundancy in their steps. H [...]

    19. Some plain and simple decision making processes and steps. This book outlines the authors' PrOACT approach which deals with the Problem, Objectives, Alternatives, Consequences and Tradeoffs in making any decision. Some solid advice on how to make the smart choices based on this information (as well as considering uncertainties, risk tolerance and linked decisions). A good dose of common sense, but also some probability theory for the layperson. I'm interested to try some of these steps and techn [...]

    20. Great Decision Analysis primer. The examples in this book are simple but relevant to everyday problems. This is a great introduction because the PrOACT framework is exactly what I use at my job to help pharmaceutical companies make R&D investment decisions. My only criticism is that I don't think the book did a strong job tying together PrOACT and the final pieces of incorporating Risk and Uncertainty. There was a confusing transition from the first 3/4 of the book to the last 1/4 and how th [...]

    21. The concept itself is quite straight forward with some good tips and a great step by step method to get to a smart choice. This process allows you to focus on one aspect of the problem at a time. While it may seem like a very easy process when applied to simple decisions, it's the more complex ones that will need to be broken down to it's constituents and this is where the method is useful. Overall, a great book with plenty tips for one who wishes to learn how to make a smart choice.

    22. Useful book on decision making.Presents the PrOACT framework (Problem, Objectives, Alternatives, Consequences, Tradeoffs).Also considers, Uncertainty, Risk, and Linked Decisions.The authors make use of decision trees with likehood (probabilities) to assist with disecting a problem. They later describe common fallacies with using probabilities.A useful book on decision making, but should not be the only one read on this topic.

    23. Read for Certificate in Management for Technical Professionals course. Outlines the PrOACT framework for good decision making: Problem, Objectives, Alternatives, Consequences, and Trade-offs as well as Uncertainty, Risk and Linked Decisions. I found it interesting and look forward to applying the techniques in future decisions. One thing it opened my eyes to was that we often jump straight to determining alternatives without fully considering our objectives.

    24. This is really really a good book! It steps you through the important parts of making a good decision using the PrOACT model (you must consider the Problem, Objectives, Alternatives, Consequences, and Tradeoffs) and then accounts for uncertainties and risks, too. I would highly recommend this book with the book Dr. Donald Adolphson is currently writing that uses Microsoft Excel to apply these principles.

    25. A really thorough and well-written guide to better decision-making that is light on math and heavy on practicality. The gist of the book is that good decision-making comes about through meticulous planning and consideration, written out because it's all too much to keep in one's head. All-around a great read, and a big help for flip-floppers like me!

    26. Probably the best business book I can recommend right now. How to break down a problem into it essence, figure out what you really care about, balance multiple criteria and options, and generally feel strong and confident with just about any complex decision you're faced with. I've applied this a few times now with great results.

    27. This book provides a framework for breaking down a decision into its constituent parts (problems, objectives, constraints, and uncertainties) and systematically working through each part. Nothing earth-shattering here, though it's a useful reminder to think analytically about big decisions and challenge your (potentially) hidden assumptions.

    28. An excellent book which guides through an algorithm that would allow one to make 'smarter' decisions. A wealth of devices and techniques to borrow from to improve you decision making routines and strategies.The only drawback of this book is that you'll need to practise for a while before you get the knack of its 8-steps process.

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