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Decision Making Vocab
Terms in this set (16)
Strategy in which you consider every detail of every option over and over again.
The value of the benefits of the next best alternative that could have been chosen, but was not.
Strategy in which you go with your first reaction.
Strategy in which you avoid a decision or make up an answer to deflect an injury.
What you give up when you choose one alternative over another.
Strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding by "default"
Strategy in which you hand over control or let someone else decide.
Play It Safe
Strategy in which you choose the alternative with the lowest level of risk.
Consists of 5 Steps
Unwillingness to give up something now in return for something later.
Willingness to give up something now in return for something later.
Define the Problem
Step ONE in the Decision-Making Process
List all possible alternative and consequences of each choice
Step TWO in the Decision-Making Process
Select the best choice depending on your values and priorities
Step THREE in the Decision-Making Process
Act on your decision
Step FOUR in the Decision-Making Process
Evaluate your decision to determine if goal or decision was met
Step FIVE in the Decision-Making Process
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